Medical and healthcare emerged as the leading application markets for microinstruction molding and accounted for Just over one-third of the total market in 2012. Along with being the largest market, these are also expected to be the fastest growing market for microinstruction molding at an estimated CARR of 15. % from 2013 o 2020. Growing demand for small sized components on account of increasing number of minimally invasive surgeries is expected to drive the market over the next six years. Automotive industry trailed medical and healthcare industry in the overall demand for microinstruction polymer molding. The global market for microinstruction polymer molding in automotive industry is expected to exceed USED 200 million by 2020.
Further key findings from the study suggest
North America emerged as the leading market for microinstruction polymer molding, accounting for more than 40% of the total market in 2012. Rapid technological advancement, mainly in the U. S. Has been a key factor for market development. In addition, increasing healthcare expenditure is also expected to fuel the demand for microinstruction molding market.
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North American micro molders gained the advantage of moving early into a high growth market eyeing a sustainable future Rapid velveteen of various micro technologies including microscopic and microcircuits mainly in Western Europe is expected to drive the market for microinstruction polymer Global Polymer Microinstruction Molding Industry 2014 to 2020 - Market Estimate, Competitive Landscape By Gracelessness's microinstruction molding on account of increasing medical expenditure and country's lead position in automobile manufacturing.
European market for micro injection molding is expected to grow at a CARR of 13. 8% from 2013 to 2020. Asia Pacific is still a large untapped market and hold immense opportunities in the years to come. Asia Pacific is expected to grow at a CARR of 14. 9% from 2013 to 2020 However, lack of awareness regarding the benefits offered using micro molded polymers mainly in under developed countries of Middle East, Africa, Latin America and South Asia is expected to hinder the market growth over the forecast period Production of microinstruction molded polymers is concentrated mainly in Europe and North America.
Some of the major companies operating in the global market include Coca- Mold LLC, LLC Precision, American Precision Products, Makeup Technicians, Microfilming Solution Inc. Precompiled Incorporation, Rapidness, Stack Plastics Inc., Steam GAG and Savoir Plastics among some other companies.
For the purpose of this study, Grand View Research has segmented the global polymer microinstruction molding market on the basis of product and region: Microinstruction Molding Application Outlook, Medical & Healthcare Automotive Telecoms Fiber Optics Micro Drive Systems & Control Others Microinstruction Polymer Molding Regional Outlook, North America Europe Asia Pacific Rest of the World About Grand View Research, Inc. Is a market research and consulting company that revised off-the-shelf, customized research reports and consulting services.
To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.
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