Micro machining also uses ceramic and other metallic as raw materials which reduce efficiency and increase manufacturing cost.

Growing applications in end-use industries is expected to boost the global polymer microinjection molding market over the next five years. Less awareness among potential consumers regarding the product advantage over alternative products particularly in developing and under developed countries is anticipated to hinder the global market over the forecast period. Polymer microinjection molding market is segmented based on applications into medical & healthcare, automotive, telecom fiber optics and micro drive control & system. Medical & healthcare was the largest application segment market accounting for over 32% of the total revenue in 2013. Increasing miniature parts and tools demand in medical industry owing to increasing Minimally Invasive Surgeries (MIS) is anticipated to boost the polymer microinjection molding market growth over the next five years. This market segment is also expected to be the fastest growing in near future due to increasing government concern towards healthcare in various nations. Automotive industry followed medical & healthcare accounting for over 24.6% of the total market in 2013. The automotive segment is projected to grow significantly on account of increasing applications such as mini gears, bearing caps and micro engine parts. Growing mini gears demand is anticipated to foster the application polymer microinjection molding market over the forecast period. North America was the dominant regional market in 2013 accounting for over 40% of the global market owing to increasing applications in end-use industries such as automotive, medical & healthcare, electronic and telecom. Automotive along with medical & healthcare industry together accounted for over 50% of the market in the region in 2013. Europe followed North America and accounted for over 38% of the total revenue in 2013. Miniature tools and parts manufacturers are shifting towards microinjection molding owing to reduced manufacturing cost. Emerging biodegradable polymers has driven the polymer microinjection molding market growth in recent past. Asia Pacific accounted for over 14% of the global market in 2013, and is expected to grow significantly due to growing awareness towards medical & healthcare services particularly in emerging economies such as China, Indonesia and India over the next five years. Europe and North America are the concentrated polymer microinjection molding market due to presence of major market players in the region. Major participants follow customization and differentiation as their strategy to sustain in the global market. Makuta Technics Inc is the leading market player based in U.S., the company provides a large variety of products with specialized tools and parts. It also serves prototyping services which minimizes manufacturing time. As a differentiation strategy the company offers services such as complete tool prototyping and rapid prototyping.