Global Thermoplastics Medical Micro Molding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Thermoplastics Medical Micro Molding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Micro molding is a highly specialized manufacturing process that produces extremely small, high-precision thermoplastic parts and components with micron tolerances. The process starts in a tooling department where a mold is created that has a cavity in the shape of the part desired. Thermoplastic or resin is rapidly injected into the cavity, creating the component or part at high speed.

Market Overview:

The latest research study on the global Thermoplastics Medical Micro Molding market finds that the global Thermoplastics Medical Micro Molding market reached a value of USD 301.49 million in 2022. It’s expected that the market will achieve USD 566.1 million by 2028, exhibiting a CAGR of 11.07% during the forecast period.

Thermoplastics material has superior performance

Polymers have long been considered to have a significant advantage over metals for medical applications. That's because the isotonic saline solution that comprises the body's extracellular fluid is extremely hostile to metals but is not normally associated with the degradation of many synthetic high-molecular-weight polymers. Thermoplastics is a polymer material that becomes flexible and plastic when heated above a certain temperature and hardens into a solid when cooled. And most types of thermoplastic resins are recyclable and can be reheated, reshaped, and reused. Choosing the right medical-grade plastic for a medical device or component is a key decision to make the perfect part. Thermoplastics have become an important material for medical equipment and products due to their unique characteristics, such as strong corrosion resistance, durability, water resistance, lightweight, good flexibility, and low cost. For example, PEEK has strong corrosion resistance, hydrolysis resistance, and chemical resistance, especially inert to body fluids. It can be applied to certain implantable medical devices that relieve the pain of patients, such as gastrointestinal stents and implantable body fluid pumps, thereby eliminating the traditional pain caused by a patient puncture; medical grade polycarbonate is biocompatible Strong, strong corrosion-resistance, not easy to break the advantages, is the first choice for capsule endoscope shell materials. The superior performance of Thermoplastics as a raw material plays an important role in the medical device injection molding manufacturing industry.

High requirements for the production scale and technical level

Most of the small and medium-sized Thermoplastics Medical Micro Molding manufacturing companies or a large number of new entrants have a relatively backward infrastructure and lack advanced production and processing equipment. Improving the overall level of the design and manufacturing of special thermoplastics machinery and molds for medical product processing is to accelerate the development of the industry The key is. Quite a lot of products have not formed the output of economic scale, it is not only difficult to form competitive advantage, but also difficult to improve profitability, which will limit the development of the players even the whole industry. Moreover, with the increasing individual requirements of different customers, manufacturers need to confirm appropriate processing methods and optimize them to match specific applications. The need for such resources includes processing equipment, application testing capabilities, laboratory facilities, and performance data for specific materials.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (34.97% in 2022).

Company Overview:

SMC is one of the major players operating in the Thermoplastics Medical Micro Molding market, holding a share of 10.21% in 2023.

SMC

SMC Ltd. provides global contract manufacturing solutions of single-use devices for the pharmaceutical, medical and diagnostics industries.

MTD Micro Molding

MTD Micro Molding is a micro medical manufacturer of ultra-precision molded components. Their exclusive focus on medical micro molding ensures successful delivery of complex custom products that nobody else can produce.

Segmentation Overview:

Among different product types, PEEK segment is anticipated to contribute the largest market share in 2028.

Application Overview:

The market's largest segment by application is the segment MTD Micro Molding, with a market share of 63.48% in 2022.

Key Companies in the global Thermoplastics Medical Micro Molding market covered in Chapter 3:

Stamm AG
MTD Micro Molding
Rapidwerks
SMC
Stack Plastics
Sovrin Plastics
Mikrotech
Makuta Technics
Microsystems
MicroPEP
Isometric
Kamek
Accumold

In Chapter 4 and Chapter 14.2, on the basis of types, the Thermoplastics Medical Micro Molding market from 2018 to 2029 is primarily split into:

PEEK
Bioabsorbables
Polyethylene
Polyetherimide
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Thermoplastics Medical Micro Molding market from 2018 to 2029 covers:

Medical Devices
Therapeutic-Cardio
Therapeutic-Ortho
Therapeutic-Dental
Therapeutic-Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)