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.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 922.00 million |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
11.9% |
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Predicted 2028 Value: |
USD 2,266.58 million |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
214 |
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Chapters Covered: |
Type, Process Type, Application, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Types Covered:
• 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:
• Prepreg
• Wet Lamination
Applications Covered:
• Composites Body Implants
• Dental
• Diagnostic Imaging
• Microsphere
• Surgical Instruments
• Tissue Engineering
• Orthopedics
• 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
• Hospital
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Medical Composite Market, By Type
5.1 Introduction
5.2 Ceramic Matrix Composites
5.3 Carbon Fiber Composites
5.4 Fiber Composites
5.5 Glass Fiber
5.6 Metal Fiber
5.7 Natural Fiber
5.8 Polymer Ceramics Composites
5.9 Polymer Fiber
5.10 Polymer Metal Composites
5.11 Aramid Fiber
6 Global Medical Composite Market, By Process Type
6.1 Introduction
6.2 Prepreg
6.3 Wet Lamination
7 Global Medical Composite Market, By Application
7.1 Introduction
7.2 Composites Body Implants
7.3 Dental
7.4 Diagnostic Imaging
7.5 Microsphere
7.6 Surgical Instruments
7.7 Tissue Engineering
7.8 Orthopedics
7.9 Needles and Syringes
7.10 Surgical & Diagnostic Tables
7.11 Surgical Seals
7.12 Bone Implants
7.13 Prosthetic & Orthotics
8 Global Medical Composite Market, By End User
8.1 Introduction
8.2 Diagnostic Imaging Centers
8.3 Medical Device Companies
8.4 Pharmaceutical Companies
8.5 Research Centers
8.6 Ambulatory Surgical Centers
8.7 Hospital
9 Global Medical Composite Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 SGL Carbon
11.2 Shofu, Inc.
11.3 Tokuyama Dental Corporation, Inc.
11.4 Toray Industries Inc.
11.5 Vermont Composites Inc
11.6 3M
11.7 ACP Composites Inc.
11.8 Ceramtec
11.9 Coltene Group
11.10 Composiflex Inc.
11.11 Coorstek Inc.
11.12 Den-Mat Holdings, LLC.
11.13 Dentsply Sirona
11.14 Icotec Ag
11.15 IDI Composites International
11.16 Ivoclar Vivadent Ag
11.17 Kulzer Gmbh
11.18 Kyocera Corporation
11.19 Morgan Advanced Materials plc
11.20 Royal DSM Nv
11.21 Quatro Composites, LLC
11.22 Mitsubishi Rayon Co. Ltd.
List of Tables
1 Global Medical Composite Market Outlook, By Region (2019-2028) ($MN)
2 Global Medical Composite Market Outlook, By Type (2019-2028) ($MN)
3 Global Medical Composite Market Outlook, By Ceramic Matrix Composites (2019-2028) ($MN)
4 Global Medical Composite Market Outlook, By Carbon Fiber Composites (2019-2028) ($MN)
5 Global Medical Composite Market Outlook, By Fiber Composites (2019-2028) ($MN)
6 Global Medical Composite Market Outlook, By Glass Fiber (2019-2028) ($MN)
7 Global Medical Composite Market Outlook, By Metal Fiber (2019-2028) ($MN)
8 Global Medical Composite Market Outlook, By Natural Fiber (2019-2028) ($MN)
9 Global Medical Composite Market Outlook, By Polymer Ceramics Composites (2019-2028) ($MN)
10 Global Medical Composite Market Outlook, By Polymer Fiber (2019-2028) ($MN)
11 Global Medical Composite Market Outlook, By Polymer Metal Composites (2019-2028) ($MN)
12 Global Medical Composite Market Outlook, By Aramid Fiber (2019-2028) ($MN)
13 Global Medical Composite Market Outlook, By Process Type (2019-2028) ($MN)
14 Global Medical Composite Market Outlook, By Prepreg (2019-2028) ($MN)
15 Global Medical Composite Market Outlook, By Wet Lamination (2019-2028) ($MN)
16 Global Medical Composite Market Outlook, By Application (2019-2028) ($MN)
17 Global Medical Composite Market Outlook, By Composites Body Implants (2019-2028) ($MN)
18 Global Medical Composite Market Outlook, By Dental (2019-2028) ($MN)
19 Global Medical Composite Market Outlook, By Diagnostic Imaging (2019-2028) ($MN)
20 Global Medical Composite Market Outlook, By Microsphere (2019-2028) ($MN)
21 Global Medical Composite Market Outlook, By Surgical Instruments (2019-2028) ($MN)
22 Global Medical Composite Market Outlook, By Tissue Engineering (2019-2028) ($MN)
23 Global Medical Composite Market Outlook, By Orthopedics (2019-2028) ($MN)
24 Global Medical Composite Market Outlook, By Needles and Syringes (2019-2028) ($MN)
25 Global Medical Composite Market Outlook, By Surgical & Diagnostic Tables (2019-2028) ($MN)
26 Global Medical Composite Market Outlook, By Surgical Seals (2019-2028) ($MN)
27 Global Medical Composite Market Outlook, By Bone Implants (2019-2028) ($MN)
28 Global Medical Composite Market Outlook, By Prosthetic & Orthotics (2019-2028) ($MN)
29 Global Medical Composite Market Outlook, By End User (2019-2028) ($MN)
30 Global Medical Composite Market Outlook, By Diagnostic Imaging Centers (2019-2028) ($MN)
31 Global Medical Composite Market Outlook, By Medical Device Companies (2019-2028) ($MN)
32 Global Medical Composite Market Outlook, By Pharmaceutical Companies (2019-2028) ($MN)
33 Global Medical Composite Market Outlook, By Research Centers (2019-2028) ($MN)
34 Global Medical Composite Market Outlook, By Ambulatory Surgical Centers (2019-2028) ($MN)
35 Global Medical Composite Market Outlook, By Hospital (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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