The goal of the micro injection moulding method is to reduce the size of medical devices to a few microns or less. Products made with these processes are ultra-precise, allowing them to generate vast quantities of tiny components with complicated shapes in a repeatable and consistent manner at a cheap cost. Micro-molding is used in electronic, biomedical, and industries such as automation and automotive industries.
Medical devices require a high level of precision in small size, which raises the demand for micro injection moulding in medical devices. Size and precision are crucial in the medical business since they affect the device’s usefulness and safety. Bioabsorbables or thermoplastics are used to make micro injection moulding medical devices.. Surgical instruments, hearing aids, point-of-care diagnostic devices, catheters, endoscopic devices, and other devices used in DNA sequencing and research are all widely manufactured medical equipment employing the micro injection moulding technology.
Micro Injection Molding Medical Devices Market Dynamics
Because of the exponential increase in the acceptance of minimally invasive surgical techniques to shorten recovery time, medical device designers, and manufacturers are always striving to reduce the size of medical devices to micro scale.
Furthermore, producers are focusing on bioabsorbable materials that are easily digested over time, avoiding the need to remove the device. Bioabsorbable stents, degradable surgical staples, and other medical interventions fall within this category. Micro injection moulding medical devices market expansion is estimated to be driven by rising demand for biodegradable medical moulded products.
In addition, the growing need for point-of-care diagnostics in the medical industry is likely to propel the micro injection moulding devices market forward throughout the forecast period. The micro injection moulding medical devices market is predicted to develop due to rising disease prevalence and the installation of point-of-care diagnostics for rapid diagnostics.
Furthermore, firms offer more innovative machines with greater speeds and less resin usage for making micro injectable moulding medical devices with a more diverse workflow in order to lower manufacturing costs while increasing production efficiency. The micro injectable moulding medical devices market is likely to grow as a result of these product introductions.
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For example, in 2018, Freudenberg Medical, the manufacturers of medical device, component, and minimally invasive solution, added ARBURG micro injection modular machine to expand thermoplastic micro injection molding capacities, which produces the small product with more accuracy. Such micro injection moulding machines are predicted to enhance market growth by increasing the efficiency of micro injection moulding medical devices.
However, the dearth of awareness among population for micro injection molding medical devices in emerging and low income economies are the major factor restraining growth of the micro injection molding medical devices market.
Micro Injection Molding Medical Devices Market – Regional Analysis
Coherent Market Insights has segmented the micro injection moulding medical devices market into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Because of the increasing acceptance rate of medically sophisticated techniques such as minimally invasive surgical procedures and population awareness of such medical equipment, the North America micro injection moulding medical devices market is leading the global micro injection moulding medical devices market.
Also, Asia Pacific micro injection molding medical devices market are expected to witness fastest growth, owing to increasing medical tourism in this region, in turn increasing adoption and consumption of such medical device. According to Pacific Prime, around 10 million patients travel each year for medical treatment in economies such as Singapore and India, due to increased demand for micro injection moulding medical devices.
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Micro Injection Molding Medical Devices Market – Competitive Analysis
Major players operating in micro injection molding medical devices market include Accu-Mold LLC, SMC Ltd., Makuta, Inc. (a part of Sansyu Group of companies), MTD Micro Molding, Micromolding Solution Inc., Kamek Precision Tools, American Precision Products, Sovrin Plastics, BMP Medical, Stamm AG and PEXCO.
Micro Injection Molding Medical Devices Market Taxonomy
On the basis of material type, the micro injection molding medical devices market is segmented into:
- Polyether Ether Ketone (PEEK)
- Polyvinyl Chloride
- Liquid-Crystal Polymers
On the basis of application, the micro injection molding medical devices market is segmented into:
- Clinical diagnostic and testing devices
- Sample Containers
- Rapid POC Testing Components
- Therapeutic Devices
- IV Set Components
- Bio-absorbable Products
- Surgical Components
- Research Purpose Devices
- Laboratory disposables
On the basis of region, the micro injection molding medical devices market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
Table of Content
Global Micro Injection Molding Medical Devices Market Research Report
Section 1: Global Micro Injection Molding Medical Devices Industry Overview
Section 2: Global Economic Impact on Micro Injection Molding Medical Devices Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Micro Injection Molding Medical Devices Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Micro Injection Molding Medical Devices Market Forecast
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