According to the study, the medical and orthodontic sectors will combine to take up a 24 percent marketshare by 2020.
Here are four takeaways:
1. Medical and orthodontics makes up a third of the three main end-user segments. The other two are automotive and consumer electronics and IT.
2. Through 2015, the medical and orthodontics sectors have accounted for a quarter of the market share. It’s expected to grow by 11 percent through 2020.
3. One of the most significant uses of global powder injection is in orthodontics to make the small and precise parts needed for brackets.
4. Over the last two decades, metal injection molding has also been used to make implantable components for devices used in drug delivery and for total joint replacement. It’s expected that increased activity will be seen for those applications in the coming years.
More ideas to improve performance:
1. Top 3 trends affecting the global connected health market between 2016 & 2020
2. Survey finds physicians spend more time on paperwork, less time with patients: 6 thoughts
3. Focus on the consumer: 5 healthcare consumerism focus areas
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.