MICRO INJECTION MOLDING MEDICAL DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Micro Injection Molding Medical Devices Market Dynamics

The designers and manufacturers of the medical industry continuously aim to decrease the size of medical device to micro scale, owing to exponential increase in adoption of minimally invasive surgical procedures to minimize recovery time.

Moreover, manufacturers are focused on bioabsorbable materials, which are easily metabolized over a time period, circumventing the device removal. Such medical intervention includes bioabsorbable stents, degradable surgical staples etc. Increasing demands for such biodegradable medical molded device are expected to drive the micro injection molding medical devices market growth.

Moreover, increasing demand for point of care diagnostics in medical industry is expected to fuel micro injection molding devices market growth over the forecast period. Increasing disease prevalence and implementation of point of care diagnostic for rapid diagnostics are expected to drive the micro injection molding medical devices market growth.

Furthermore, to reduce manufacturing cost coupled with enhanced production efficiency, companies launch more advanced machines with higher speed and less resin usage for manufacturing micro injectable molding medical device with more diverse workflow. This product launches are expected to aid the micro injectable molding medical devices market growth.

For instance, in 2018, Freudenberg Medical, the manufacturer 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 molding machine are expected to increase the efficiency of the micro injection molding medical device, thereby boosting the market growth.

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.