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Report
North America Metal Injection Molding (MIM) in Medical Application Market
Market Report I 2024-07-01 I 156 Pages I Data Bridge Market Research
The Metal Injection Molding (MIM) in Medical Application market is expected to reach USD 378.70 million by 2031 from USD 196.42 million in 2023, growing with a substantial CAGR of 8.61% during the forecast period of 2023 to 2031.
Market Segmentation:
Material (Ferrous Alloys, Tungsten Alloys, Hard Metals, Special Material, Others), Category (Implants, Dental Crowns, Endoscopes, Laparoscopic Devices, Handle for Surgical Scissors, Jaw, and Other) Countries (U.S., Canada, Mexico)-Industry Trends and Forecast to 2031
Overview of Metal Injection Molding (MIM) in Medical Application Market Dynamics:
Driver
- Surge in demand for miniaturization of medical components
Restrain
- High initial setup and tooling costs for MIM
Opportunity
- Innovation in material development
Market Players:
The key market players operating in the Global Metal Injection Molding (MIM) in medical application market are listed below:
- GKN Powder Metallurgy
- Molex
- Seiko Epson Corporation
- INDO-MIM
- ARC Group Worldwide
- Jiangsu Gian MIM Parts
- MPP, Reich MIM GmbH
- SZS Co., Ltd.
- Alpha Precision Group
- Optimim
- ASH INDUSTRIES
- Parmaco Metal Injection Molding AG
- Advanced Powder Products, Inc.
- AMT Pte Ltd
- Shilpan Steelcast Pvt. Ltd.
- VDR Metals Inc.
- Smith Metal Products
- Taiwan Kodai Co., Ltd.
- ABIS MOLD Technology Co.,Ltd
1 INTRODUCTION 30
1.1 OBJECTIVES OF THE STUDY 30
1.2 MARKET DEFINITION 30
1.3 OVERVIEW 30
1.4 LIMITATIONS 31
1.5 MARKETS COVERED 31
2 MARKET SEGMENTATION 36
2.1 MARKETS COVERED 36
2.2 GEOGRAPHICAL SCOPE 37
2.3 YEARS CONSIDERED FOR THE STUDY 38
2.4 CURRENCY AND PRICING 38
2.5 DBMR TRIPOD DATA VALIDATION MODEL 39
2.6 MULTIVARIATE MODELING 42
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 43
2.8 DBMR MARKET POSITION GRID 44
2.9 DBMR VENDOR SHARE ANALYSIS 45
2.10 SECONDARY SOURCES 46
2.11 ASSUMPTIONS 47
3 EXECUTIVE SUMMARY 48
4 PREMIUM INSIGHTS 53
4.1 PESTEL ANALYSIS 54
4.1.1 POLITICAL FACTORS 54
4.1.2 ECONOMIC FACTORS 54
4.1.3 SOCIAL FACTORS 55
4.1.4 TECHNOLOGICAL FACTORS 55
4.1.5 ENVIRONMENTAL FACTORS 55
4.1.6 LEGAL FACTORS 55
4.2 PORTER'S FIVE FORCES 56
4.2.1 THREAT OF NEW ENTRANTS 56
4.2.2 BARGAINING POWER OF SUPPLIERS 56
4.2.3 BARGAINING POWER OF BUYERS 57
4.2.4 THREAT OF SUBSTITUTES 57
4.2.5 COMPETITIVE RIVALRY 57
4.3 VENDOR SELECTION CRITERIA 58
4.4 CLIMATE CHANGE SCENARIO 60
4.4.1 ENVIRONMENTAL ISSUES INVOLVED 60
4.4.2 ROLE REGULATORY PRESSURES 60
4.4.3 ANALYST RECOMMENDATION 60
4.5 RAW MATERIAL COVERAGE 61
4.5.1 STAINLESS STEEL 61
4.5.2 TITANIUM AND TITANIUM ALLOYS 61
4.5.3 NICKEL ALLOYS 61
4.5.4 COBALT-CHROME ALLOYS 61
4.5.5 RAW MATERIAL SUPPLY CHAIN CONSIDERATIONS 61
4.6 SUPPLY CHAIN ANALYSIS 62
4.6.1 OVERVIEW 62
4.6.2 LOGISTIC COST SCENARIO 62
4.6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 62
4.7 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 63
4.7.1 ADVANCED FEEDSTOCK FORMULATIONS 63
4.7.2 ENHANCED SINTERING TECHNIQUES 63
4.7.3 PRECISION TOOLING AND MOLD DESIGN 63
4.7.4 AUTOMATION AND ROBOTICS 63
4.7.5 QUALITY CONTROL AND INSPECTION 63
4.7.6 DEVELOPMENT OF NEW MATERIALS 64
4.7.7 SUSTAINABILITY INITIATIVES 64
4.7.8 FEW KEY MANUFACTURERS AND THEIR TECHNOLOGICAL ADVANCEMENTS 64
4.7.8.1 ARC Group Worldwide 64
4.7.8.2 Dynacast 64
4.7.8.3 GKN Powder Metallurgy 64
4.7.8.4 Indo-MIM 64
4.7.8.5 Parmaco 64
4.7.9 CONCLUSION 65
5 REGULATION COVERAGE 66
5.1 QUALITY STANDARDS AND CERTIFICATION 66
5.2 ENVIRONMENTAL REGULATIONS 66
5.3 OCCUPATIONAL HEALTH AND SAFETY 66
5.4 EXPORT CONTROLS AND INTERNATIONAL TRADE 66
5.5 INTELLECTUAL PROPERTY RIGHTS (IPR) 66
5.6 COMPLIANCE CHALLENGES AND CONSIDERATIONS 68
6 MARKET OVERVIEW 69
6.1 DRIVERS 71
6.1.1 INCREASING DEMAND FOR PRECISION COMPONENTS IN MEDICAL APPLICATIONS 71
6.1.2 RISING DEMAND FOR LIGHTWEIGHT MATERIALS 71
6.1.3 SURGE IN DEMAND FOR MINIATURIZATION OF MEDICAL COMPONENTS 72
6.1.4 COST-EFFECTIVE PRODUCTION FOR LARGE-SCALE MANUFACTURING 73
6.2 RESTRAINTS 73
6.2.1 HIGH INITIAL SETUP AND TOOLING COSTS FOR MIM 73
6.2.2 LIMITED OPTIONS OF MATERIALS SUITABLE FOR MIM PROCESS 74
6.3 OPPORTUNITIES 75
6.3.1 ADVANCEMENTS IN MIM TECHNOLOGIES 75
6.3.2 INNOVATION IN MATERIAL DEVELOPMENT 76
6.3.3 INTEGRATION WITH 3D PRINTING 76
6.4 CHALLENGES 78
6.4.1 SUPPLY CHAIN ISSUES OF HIGH-QUALITY METAL POWDERS AND BINDERS 78
6.4.2 ENVIRONMENTAL CONCERNS RELATED TO MIM PROCESS 78
7 NORTH AMERICA METAL INJECTION MOLDING (MIM) IN MEDICAL APPLICATION MARKET, MATERIAL 80
7.1 OVERVIEW 81
7.2 FERROUS ALLOYS 82
7.2.1 FERROUS ALLOYS, BY TYPE 83
7.2.1.1 IRON NICKEL ALLOYS, BY TYPE 83
7.2.1.2 STEELS, BY TYPE 83
7.2.1.2.1 CARBON STEEL, BY TYPE 84
7.3 TUNGSTEN ALLOYS 84
7.3.1 TUNGSTEN ALLOYS, BY TYPE 84
7.4 HARD METALS 85
7.4.1 HARD METALS, BY TYPE 85
7.5 SPEICAL MATERIALS 86
7.5.1 SPECIAL MATERIAL, BY TYPE 86
7.6 OTHERS 87
8 NORTH AMERICA METAL INJECTION MOLDING (MIM) IN MEDICAL APPLICATION MARKET, BY CATEGORY 88
8.1 OVERVIEW 89
8.2 IMPLANTS 90
8.3 DENTAL CLOWNS 91
8.4 ENDOSCOPES 91
8.5 LAPAROSCOPIC DEVICES 92
8.6 HANDLE FOR SURGICAL SCISSORS 92
8.7 JAW 93
8.7.1 JAW, BY CATEGORY 93
8.8 OTHERS 94
9 NORTH AMERICA METAL INJECTION MOLDING (MIM) IN MEDICAL APPLICATION MARKET, BY REGION 95
9.1 NORTH AMERICA 96
9.1.1 U.S. 100
9.1.2 CANADA 103
9.1.3 MEXICO 106
10 NORTH AMERICA METAL INJECTION MOLDING (MIM) IN MEDICAL APPLICATION MARKET: COMPANY LANDSCAPE 109
10.1 COMPANY SHARE ANALYSIS: NORTH AMERICA
11 SWOT ANALYSIS 110
12 COMPANY PROFILES 111
12.1 GKN POWDER METALLURGY 111
12.1.1 COMPANY SNAPSHOT 111
12.1.2 COMPANY SHARE ANALYSIS 111
12.1.3 PRODUCT PORTFOLIO 112
12.1.4 RECENT DEVELOPMENT 113
12.2 MOLEX 114
12.2.1 COMPANY SNAPSHOT 114
12.2.2 COMPANY SHARE ANALYSIS 114
12.2.3 PRODUCT PORTFOLIO 115
12.2.4 RECENT DEVELOPMENT 115
12.3 SEIKO EPSON CORPORATION 116
12.3.1 COMPANY SNAPSHOT 116
12.3.2 REVENUE ANALYSIS 116
12.3.3 COMPANY SHARE ANALYSIS 117
12.3.4 PRODUCT PORTFOLIO 117
12.3.5 RECENT DEVELOPMENT 117
12.4 INDO-MIM 119
12.4.1 COMPANY SNAPSHOT 119
12.4.2 COMPANY SHARE ANALYSIS 119
12.4.3 PRODUCT PORTFOLIO 120
12.4.4 RECENT DEVELOPMENT 122
12.5 ARC GROUP WORLDWIDE 123
12.5.1 COMPANY SNAPSHOT 123
12.5.2 COMPANY SHARE ANALYSIS 123
12.5.3 PRODUCT PORTFOLIO 124
12.5.4 RECENT UPDATES 126
12.6 ABIS MOLD TECHNOLOGY CO.,LTD 127
12.6.1 COMPANY SNAPSHOT 127
12.6.2 PRODUCT PORTFOLIO 127
12.6.3 RECENT DEVELOPMENT 128
12.7 ADVANCED POWDER PRODUCTS, INC. 129
12.7.1 COMPANY SNAPSHOT 129
12.7.2 PRODUCT PORTFOLIO 129
12.7.3 RECENT DEVELOPMENT 130
12.8 ALPHA PRECISION GROUP 131
12.8.1 COMPANY SNAPSHOT 131
12.8.2 PRODUCT PORTFOLIO 131
12.8.3 RECENT DEVELOPMENT 132
12.9 AMT PTE LTD 133
12.9.1 COMPANY SNAPSHOT 133
12.9.2 PRODUCT PORTFOLIO 133
12.9.3 RECENT UPDATES 133
12.10 ASH INDUSTRIES 134
12.10.1 COMPANY SNAPSHOT 134
12.10.2 PRODUCT PORTFOLIO 134
12.10.3 RECENT DEVELOPMENT 135
12.11 JIANGSU GIAN MIM PARTS 136
12.11.1 COMPANY SNAPSHOT 136
12.11.2 PRODUCT PORTFOLIO 136
12.11.3 RECENT UPDATES 137
12.12 MPP 138
12.12.1 COMPANY SNAPSHOT 138
12.12.2 PRODUCT PORTFOLIO 138
12.12.3 RECENT DEVELOPMENT 138
12.13 OPTIMIM 140
12.13.1 COMPANY SNAPSHOT 140
12.13.2 PRODUCT PORTFOLIO 140
12.13.3 RECENT DEVELOPMENT 141
12.14 PARMACO METAL INJECTION MOLDING AG 142
12.14.1 COMPANY SNAPSHOT 142
12.14.2 RECENT DEVELOPMENT 143
12.15 REICH MIM GMBH 144
12.15.1 COMPANY SNAPSHOT 144
12.15.2 PRODUCT PORTFOLIO 144
12.15.3 RECENT UPDATES 144
12.16 SHILPAN STEELCAST PVT. LTD. 145
12.16.1 COMPANY SNAPSHOT 145
12.16.2 PRODUCT PORTFOLIO 145
12.16.3 RECENT DEVELOPMENT 146
12.17 SMITH METAL PRODUCTS 147
12.17.1 COMPANY SNAPSHOT 147
12.17.2 PRODUCT PORTFOLIO 147
12.17.3 RECENT DEVELOPMENTS 149
12.18 SZS CO., LTD. 151
12.18.1 COMPANY SNAPSHOT 151
12.18.2 PRODUCT PORTFOLIO 151
12.18.3 RECENT UPDATES 151
12.19 TAIWAN KODAI CO., LTD. 152
12.19.1 COMPANY SNAPSHOT 152
12.19.2 PRODUCT PORTFOLIO 152
12.19.3 RECENT DEVELOPMENT 152
12.20 VDR METALS INC. 153
12.20.1 COMPANY SNAPSHOT 153
12.20.2 PRODUCT PORTFOLIO 153
12.20.3 RECENT UPDATES 153
13 QUESTIONNAIRE 154
14 RELATED REPORTS 156
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