Microinjection molding (μIM) is considered to be one of the most flexible, reliable and cost effective manufacturing routes to form plastic micro-components for microsystems. The molding machine, mold tool fabrication, material selection and process controlling in this specific field have been greatly developed over the past decades. This review aims to present the new trends towards improving micro-component performance by reviewing the latest developments in this area and by considering potential directions. The key concerns in product and mold designing, essential factors in simulation, and micro-morphology and resultant properties are evaluated and discussed. In addition, the applications, variant processes and outlook for μIM are presented. Throughout this review, decisive considerations in seeking improved performance for microsystem components are highlighted.