Polymer Microinjection Molding Market Analysis, Growth Trends, and Segment Forecasts, 2012 to 2020

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Polymer Microinjection Molding Market Analysis, Growth

Trends and Segment Forecasts, 2012 To 2020

The global market for microinjection polymer molding is expected to reach USD 897.3 million by 2020.

Growing demand for small sized components mainly from the medical industry is expected to be a key

driving factor for the market. Microinjection molding is used to manufacture highly valued micro

medical components such as sensors, implants, tubes, catheter tips and microoptics among some other

components; the growing demand for these has had a positive impact on the market.

The report further observes that shift in trend towards adoption of micromolding over micromachining,

owing to its cost efficiency and development of microoptics and microfluidics technologies, particularly

in North America and Europe is also expected to play a major role in the market growth. Medical and

healthcare emerged as the leading application markets for microinjection molding and accounted for

just over one-third of the total market in 2012.

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Along with being the largest market, these are also expected to be the fastest growing market for

microinjection molding at an estimated CAGR of 15.2% from 2013 to 2020. Growing demand for small

sized components on account of increasing number of minimally invasive surgeries is expected to drive

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the market over the next six years. Automotive industry trailed medical and healthcare industry in the

overall demand for microinjection polymer molding. The global market for microinjection polymer

molding in automotive industry is expected to exceed...