Global Medical Micro Injection Molding Revenue Is Nearly 174 M USD In 2017
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In the last several years, global market of medical micro injection molding developed rapidly, with an average growth rate of 10.21%. In 2016, global revenue of medical micro injection molding is nearly 174 M USD.
The classification of medical micro injection molding includes PE, PVC, PEEK and other materials, and the proportion of PE in 2016 is about 33%, and the proportion is in decreasing trend from 2012 to 2016.
Medical Micro Injection Molding is widely used in therapeutic?devices and diagnostic devices. The most proportion of medical micro injection molding is therapeutic devices, and the revenue in 2016 is 122 M USD. The trend of therapeutic devices is increasing.
North America is the largest consumption place, with a consumption market share nearly 46% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 28%.
Market competition is intense. SMC, BMP?Medical, Stamm AG, MicroPEP, MTD Micro Molding, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.