With the global population continuing to rise and aging demographics becoming more pronounced, the medical device market is expanding rapidly. Similar to many developed countries, China’s medical device market is also experiencing a period of rapid growth and is projected to become the third largest global market after the United States and Japan.
Medical instruments are critical instruments that intersect various sectors including pharmaceuticals, electronics, mechanics, powder metallurgy, and plastics, reflecting the multidisciplinary nature of modern high-tech industries. Increasing awareness of health has led to the gradual introduction of devices such as body fat analyzers, blood pressure monitors, glucose meters, and physiotherapy equipment into households, driving significant expansion in the global medical device sector. Moreover, the growing procurement needs for medical equipment by both private and public healthcare institutions will further stimulate the development of the medical device industry.
The rapid advancement of the medical device sector provides strong momentum for the growth of the powder injection molding industry. Given the high precision requirements for medical devices, there is a significant demand for technically advanced, high-precision components in large quantities. Powder injection molding produces medical components with exceptional accuracy, meeting the stringent requirements for small, high-density, complex shapes with superior mechanical properties. Consequently, the growth of the medical device industry is expected to drive an increase in the use of injection-molded parts. Looking ahead, the medical device industry will remain a significant application area for powder metal injection molding technology.