London, 31 October 2014 – TechNavio, has announced the publication of its market research report on the Global Microinjection Polymer Molding Market, which is expected to grow at a CAGR of 13.54 percent from 2014-2018, says research firm TechNavio.
The technology is seeing significant uptake in manufacturing micro medical components like ear implants, micro filters and precision blades, which is contributing to the strong projected growth.
About the Report
The medical and healthcare segment is expected to be the fastest growing sector in the microinjection polymer molding market during the forecast period. According to the new TechNavio report, a rising number of minimally invasive surgeries and increasing healthcare expenditure will be the major drivers in this segment.
“The Global Medical Market is constantly expanding, leading to product innovations and consumer acceptance of medical devices such as pacemakers and stents, which are increasingly manufactured using microinjection polymer molding” says Faisal Ghaus, Vice President of TechNavio.
“Moreover, there is an increasing demand for medical devices from the growing market in the APAC region, which will help the medical segment of the Global Microinjection Polymer Molding market top US$234 million by 2018.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Huge Demand from Medical Sector
- For a full detailed list, view our report.
Market Challenges:
- Lack of Customer Awareness
- For a full detailed list, view our report.
Market Trends:
- Diversity in Applications
- For a full detailed list, view our report.
Key Vendors:
- Makuta Technics Inc.
- Micromold
- Stack Plastics Inc.
Other Prominent Vendors:
- American Precision Products
- OMNI Mold Systems
- Precimold
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
