The global medical micro injection molding market is anticipated to reach market size of around US$ 500 Mn by 2027 and is anticipated to grow at a CAGR of around 11% in terms of revenue during the forecast period 2020 – 2027.
The micro injection molding process is intended to reduce medical equipment size within the reach of several microns or sub-microns. Products developed with these techniques are extremely precise in order to manufacture a large number of micro components repeatedly and continuously with complex type and higher quality at low cost. Micro molding is used in the electrical, biomedical and automotive industries. The medical system has a particular value in miniature precision, which in turn raises the market for micro molding process in medical devices. Size and precision play an important role in the medical industry because it impacts its functionality and device protection. Medical instruments consist of bioabsorbables or thermoplastics for microinjection molding. The normal medical product that is developed by microshaping is surgical devices, hearing aids, monitoring devices, catheters, endoscopic devices, other sequencing devices and DNA-based science.
Market Insights
The growing demand for healthcare products for plastic-based injection moldings is expected to spur development in the global market for medical injection molding. The volume of medical equipment, drugs and consumables has risen, which leads to a rise in the usage of this technology and, in turn, anticipates boosting consumer development. High prevalence of numerous environmental issues related to the method of the injection molding and high regulatory requirements on medical goods and their development are, on the other hand, some restricting factors which can hinder market growth.
In addition to continued investments in the area to advance medical, packaging and aero-space technologies over years, the highly evolved automotive industry and automation in China, Korea, and Japan are projected to dominate the Asia-Pacific global market. For its mass production capabilities and relatively low production costs, microinjection moulding can be described as one of the main microprocessing technologies. Electronic components and appliances are designed for long-term use and thus the quality of the components used in production should be of the highest quality. The micro-molding method of thermoplastics lets the electronics sector fulfill its requirements. The use of such molded products in the electronic industry is few in Sim card connections, pin connectors, single and Multi-mode ferrules, and coax plugs. In recent years the increasing vehicle and aerospace part manufacturing and assembled base in the Asia-Pacific area is expected to soon have room for use in the thermoplastic micro molding. According to hearit.org, for 2019, a combined prevalence of hearing loss among people living in the Delhi region of India was 26.9%. The improved use of hearing aids and other medical services has boosted the market in the medical sector for thermoplastic micro molding. Aerospace and automotive manufacturing development will be required to force the markets of thermoplastic micro molding ahead in emerging countries, China, Japan, Korea and India and expanding packaging and medical industries over the next few years.
Some of the prominent players in the medical micro injection molding market include Medical, Stamm AG, SMC, BMP MicroPEP, PEXCO, MTD Micro Molding, Sovrin Plastics, Accumold, Microsystems, Kamek Precision Tools, Mikrotech, Makuta Technics, Stack Plastics, American Precision Products, Precimold, Rapidwerks, and others.
The global medical micro injection molding market is segmented as below:
Market Segmentation
Medical Micro Injection Molding Market By Type
PEEK
PVC
PE
Others
Medical Micro Injection Molding Market By Application
Diagnostic Devices
Therapeutic Devices
Medical Micro Injection Molding Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Medical Micro Injection Molding
1.1. Definition and Scope
1.1.1. Definition of Medical Micro Injection Molding
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Medical Micro Injection Molding Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Medical Micro Injection Molding Market By Type
1.2.3. Medical Micro Injection Molding Market By Application
1.2.4. Medical Micro Injection Molding Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Medical Micro Injection Molding Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Medical Micro Injection Molding Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Medical Micro Injection Molding Major Manufacturers in 2019
CHAPTER 5. Medical Micro Injection Molding Market By Type
5.1. Introduction
5.2. Medical Micro Injection Molding Revenue By Type
5.2.1. Medical Micro Injection Molding Revenue (US$ Mn) and Forecast, By Type, 2016-2027
5.2.2. PEEK
5.2.2.1. PEEK Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. PVC
5.2.3.1. PVC Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. PE
5.2.4.1. PE Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Others
5.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Medical Micro Injection Molding Market Revenue By Application
6.1. Introduction
6.2. Medical Micro Injection Molding Revenue (US$ Mn) By Application
6.2.1. Medical Micro Injection Molding Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.2.2. Diagnostic Devices
6.2.2.1. Diagnostic Devices Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Therapeutic Devices
6.2.3.1. Therapeutic Devices Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. North America Medical Micro Injection Molding Market By Country
7.1. North America Medical Micro Injection Molding Overview
7.2. U.S.
7.2.1. U.S. Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
7.2.2. U.S. Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
7.3. Canada
7.3.1. Canada Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
7.3.2. Canada Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
7.4. North America PEST Analysis
CHAPTER 8. Europe Medical Micro Injection Molding Market By Country
8.1. Europe Medical Micro Injection Molding Overview
8.2. U.K.
8.2.1. U.K. Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.2.2. U.K. Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3. Germany
8.3.1. Germany Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.3.2. Germany Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4. France
8.4.1. France Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.4.2. France Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.5. Spain
8.5.1. Spain Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.5.2. Spain Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.6. Rest of Europe
8.6.1. Rest of Europe Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.6.2. Rest of Europe Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Medical Micro Injection Molding Market By Country
9.1. Asia Pacific Medical Micro Injection Molding Market Overview
9.2. China
9.2.1. China Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.2.2. China Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.3. Japan
9.3.1. Japan Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.3.2. Japan Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.4. India
9.4.1. India Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.4.2. India Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.5. Australia
9.5.1. Australia Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.5.2. Australia Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.6. South Korea
9.6.1. South Korea Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.6.2. South Korea Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.7.2. Rest of Asia-Pacific Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Medical Micro Injection Molding Market By Country
10.1. Latin America Medical Micro Injection Molding Market Overview
10.2. Brazil
10.2.1. Brazil Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.2.2. Brazil Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3. Mexico
10.3.1. Mexico Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.3.2. Mexico Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4. Rest of Latin America
10.4.1. Rest of Latin America Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
CHAPTER 11. Middle East & Africa Medical Micro Injection Molding Market By Country
11.1. Middle East & Africa Medical Micro Injection Molding Market Overview
11.2. Saudi Arabia
11.2.1. Saudi Arabia Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.2.2. Saudi Arabia Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3. UAE
11.3.1. UAE Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.3.2. UAE Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.4.2. Rest of Middle East & Africa Medical Micro Injection Molding Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 12. PLAYER ANALYSIS OF MEDICAL MICRO INJECTION MOLDING MARKET
12.1. Medical Micro Injection Molding Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Medical Micro Injection Molding Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. COMPANY PROFILE
13.1. Medical
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (US$ Mn), 2019
13.1.3.2. Medical 2019 Medical Micro Injection Molding Business Regional Distribution
13.1.4. Product/ Service and Specification
13.1.5. Recent Developments & Business Strategy
13.1.6. Manufacturing Plant Footprint Analysis
13.2. Stamm AG
13.3. SMC
13.4. BMP MicroPEP
13.5. PEXCO
13.6. MTD Micro Molding
13.7. Sovrin Plastics
13.8. Accumold
13.9. Microsystems
13.10. Kamek Precision Tool
13.11. Mikrotech
13.12. Makuta Technics
13.13. Stack Plastics
13.14. American Precision Products
13.15. Precimold
13.16. Rapidwerks
13.17. Others
