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With demand for plastic molded parts rising, driven in particular by major end-use industries, the plastic injection molding market is currently projected to reach over $513 billion by 2026.
Often used as a reliable, lightweight, and cost-efficient way to manufacture parts that meet varying industry standards and FDA approval, sourcing activity for plastic injection molding services has increased more than 127% month-over-month on Thomasnet.com.
“Plastic injection molding offers several advantages that metal parts just can’t match, including less material waste, increased traceability, enhanced compliance with industry regulations, and high-temperature resistance and tolerances,” said Michael Araten, CEO of The Rodon Group, a U.S.-based, third-generation plastic injection molding business.
According to Thomas data, demand specifically for medical injection molded plastics has also risen more than 153% year-over-year and 106% quarter-over-quarter, most notably fueled by the COVID-19 pandemic. With more than 363,000,000 tests conducted in the U.S. alone since the beginning of the pandemic, the medical and pharmaceutical industries have been pushed to their limits and healthcare providers have had to find innovative solutions to meet the growing need for accurate and efficient testing swabs.
For example, when the staff at Fox Chase Cancer Center, a Philadelphia-based research hospital, realized their suppliers would not be able to scale to meet surging testing requirements, they turned to Araten and The Rodon Group for a solution. Although Rodon had never previously produced throat or nasal swabs, they quickly designed a custom swab for Fox Chase that allowed for better collection and release of patient samples.
“By utilizing our high-volume plastic injection molding capabilities and applying our turnkey manufacturing solutions, our team produced a new fluid trap-tip swab that meets the strict requirements for use in the medical field,” explained Araten. “This swab makes the testing process more comfortable for patients and more effective for medical professionals.”
With a turnaround time of only a few weeks, The Rodon Group now expects to produce as many as 50 million swabs per year. The swab is FDA registered and is anticipated to soon receive ISO 13485 certification.
With COVID-19 still a global concern and healthcare facility testing needs still high, the demand for medical plastic injection molding services shows no signs of slowing down. In fact, plastic injection molding services were the fifth most-sourced service across the entire Thomas Network in Q3 2021.
With a predicted 4.6% annual growth rate over the next seven years, there is a clear expectation for sustained growth through Q4 2021 and beyond.
This article was sponsored by The Rodon Group, an ISO 9001:2015 certified, high-volume custom plastic injection molder. To learn more about Rodon’s nasal testing swabs in their latest case study or to secure sample collection swabs for your testing needs, click here.
Image Credit: Alba_alioth / Shutterstock.com
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