Medical Composite Market Forecasts to 2028 – Global Analysis By Type, (Ceramic Matrix Composites, Fiber Composites and Others), Process Type (Prepreg and Wet Lamination), Application (Composites Body Implants, and Other), End User and By Geography
According to Stratistics MRC, the Global Medical Composite Market is accounted for $922.00 million in 2020 and is expected to reach $2,266.58 million by 2028 growing at a CAGR of 11.9% during the forecast period. Growing demand for lightweight and radiolucent materials and rising demand for implantable devices are the major factors propelling the market growth. However, the high cost of carbon fiber materials is hampering the market growth.
Medical composite is made of two or more materials that have different chemical and physical properties, to make a new material that has different characteristics than the combined materials. The new material is produced may have many reasons such as materials that are stronger, less expensive, or lighter, when it is compared to traditional materials.
Based on the type, the carbon fiber composites segment is estimated to have a huge demand owing to it is broadly used in medical applications such as surgical tables, oncology treatment, and prosthetic limbs. The use of carbon fiber composites in the medical industry is increasing at a major pace due to their exceptional physical properties such as high strength, stiffness, and fatigue resistance.
By geography, North America is going to have lucrative growth during the forecast period. The occurrence of many medical composite manufacturers and medical device manufacturers in the US and Canada supports the high share of this region.
Some of the key players profiled in the Medical Composite Market include SGL Carbon, Shofu, Inc., Tokuyama Dental Corporation, Inc., Toray Industries Inc., Vermont Composites Inc, 3M, ACP Composites Inc., Ceramtec, Coltene Group, Composiflex Inc., Coorstek Inc., Den-Mat Holdings, LLC., Dentsply Sirona, Icotec Ag, IDI Composites International, Ivoclar Vivadent Ag, Kulzer Gmbh, Kyocera Corporation, Morgan Advanced Materials plc, Royal DSM Nv, Quatro Composites, LLC, and Mitsubishi Rayon Co. Ltd.
Estimated Market Size in 2020:
USD 922.00 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 2,266.58 million
Tables, Graphs& Figures
Type, Process Type, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Ceramic Matrix Composites
• Carbon Fiber Composites
• Fiber Composites
• Glass Fiber
• Metal Fiber
• Natural Fiber
• Polymer Ceramics Composites
• Polymer Fiber
• Polymer Metal Composites
• Aramid Fiber
Process Types Covered:
• Wet Lamination
• Composites Body Implants
• Diagnostic Imaging
• Surgical Instruments
• Tissue Engineering
• Needles and Syringes
• Surgical & Diagnostic Tables
• Surgical Seals
• Bone Implants
• Prosthetic & Orthotics
End Users Covered:
• Diagnostic Imaging Centers
• Medical Device Companies
• Pharmaceutical Companies
• Research Centers
• Ambulatory Surgical Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Medical Composite Market is majorly driven by growing demand for lightweight and radiolucent materials and rising demand for implantable devices, and increasing demand from the healthcare sector.
The carbon fiber composites segment is growing at the highest CAGR due to their exceptional physical properties such as high strength, stiffness, and fatigue resistance.
North America dominated with a significant market share owing to the increasing number of manufacturing industries.
Asia Pacific market is growing at the highest CAGR owing to the growing disposable income and technological advancements.
Key players in Medical Composite Market include SGL Carbon, Shofu, Inc., Tokuyama Dental Corporation, Inc., Toray Industries Inc., Vermont Composites Inc, 3M, ACP Composites Inc., Ceramtec, Coltene Group, Composiflex Inc., Coorstek Inc., Den-Mat Holdings, LLC., Dentsply Sirona, Icotec Ag, IDI Composites International, Ivoclar Vivadent Ag, Kulzer Gmbh, Kyocera Corporation, Morgan Advanced Materials plc, Royal DSM Nv, Quatro Composites, LLC, and Mitsubishi Rayon Co. Ltd.
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