Medical Molding

There are about 10,000 kinds of medical devices, and 34 categories, such as health care equipment and polymer plastic products, which also belongs to them. Almost all of parts involve mold. Large to high-pressure oxygen chamber, small to hearing aids, cardiac pacemakers, etc., Precision, ultra-precision molding take a pivotal in positionpolymer composite forming, biological life engineering, medical equipment and parts production of precision, ultra-precision molds.

From 2008 to 2015, Sales revenue of China’s medical device industry increased from 10 billion USD to 50 billion USD according to driving effect of mold industry 1:100. The market size of medical device molds in 2015 was 0.5 billion USD. China only accounts for 2% of global market for medical device molds. The ratio of drug to medical device consumption is only 2.5:1, while that of developed countries is 1:1. Average expenses for each person in the United States is 300 US dollars, while in Chine only 30 yuan, it can be seen that potential of medical device mold development.

From product structure of China’s medical device market in the past three years, imaging diagnostic equipment has occupied the largest market share. In recent years, it has remained at around 40% and still on the rise. Next is various consumables, accounting for about 20% market share. Market share of orthopaedic and implantable medical devices continues to decline; the remaining market share is occupied by dental and other devices. From 2008 to 2015, China’s medical device industry sales revenue increased from 10 billion USD to 50 billion USD.