Medical Micro Injection Molding Market - Size, Share, Outlook, and Forecast till 2026

Micro injection molding is a method by which parts and tools are molded into miniature modules using machines with high pressure. Micro injection molding finds applications in sensors, optics, micromechanics, telecommunication, micro drove systems and control, watches, automotive components, electronics, and medical. In the medical industry, it is used in the manufacturing of parts such as sensors, implants, tubes, catheter tips, micro optics, and others. Key markets for medical micro molding include orthopedic, drug delivery, cardiovascular, drug delivery, neurological, and closure.

The global medical micro injection molding market is expected to witness significant growth over the forecast period, owing to the replacement of machined components with molded products. Rising trend of small devices and increasing number of minimally invasive surgeries have led to an increasing demand for micro sized parts from medical device manufacturers, which will drive growth of the medical micro injection molding market.

Moreover, the rapid development of micro fluidics technology is also expected to boost growth of the medical micro injection molding market over the forecast period. High cost savings due to use of low cost raw materials and less time taken for the process of molding are also expected to increase the demand for micro injection molding in medical industry, thereby fueling growth of the market.

However, lack of awareness about micro molding and its high costs in the emerging economies are expected to hamper growth of the global medical micro injection molding market.

Key Developments in Medical Micro Injection Molding Market

Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain its position in the medical micro injection molding market. On October 14, 2016, MTD Micro Molding, a long-time leader in micro-injection molding for the medical device industry, was announced as the first micro molding company in the world to achieve MedAccred Certification.

On February 27, 2017, Kohlberg & Company, L.L.C., a leading private equity firm specializing in middle-market investing, announced the acquisition of Pexco LLC, a leading North American specialty plastics manufacturer, from Odyssey Investment Partners, LLC.

Some of the major players operating in the global medical micro injection molding market include SMC, BMP Medical, Stamm AG, MicroPEP, MTD Micro Molding, PEXCO, Sovrin Plastics, Accumold, Microsystems, Mikrotech, Kamek Precision Tools, Makuta Technics, Stack Plastics, Precimold, American, Precision Products, and Rapidwerks.

Report includes chapters which deeply display the following deliverable about industry:

• Medical Micro Injection Molding Market Research Objective and Assumption
• Medical Micro Injection Molding Market Purview - Report Description, Executive Summary, and Coherent Opportunity Map (COM)
• Medical Micro Injection Molding Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Medical Micro Injection Molding Market, By Regions
• Medical Micro Injection Molding Market Competition by Manufacturers including Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Medical Micro Injection Molding Market Manufacturers Profiles/Analysis including Company Basic Information, Manufacturing Base and Its Competitors.
• Medical Micro Injection Molding Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer Preference Change and Economic/Political Environmental Change.
• Medical Micro Injection Molding Market Forecast including Production, Consumption, Import and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion

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