Medical composite Market
Data Bridge Market Research analyzes that the medical composites market is expected to witness a CAGR of 8.55% during the forecast period. This indicates that the market value which was USD 1,000.83 million in 2021 will reach USD 1,929.30 million by 2029. Along with information about market scenarios such as market value, growth rate , segmentation, geographic coverage and major players, market reports curated by Data Bridge Market Research also include in-depth analysis by experts, production and capacity geographically represented by the company, distributor network configurations and partners, detailed and up-to-date price trend analysis and supply chain and demand gap analysis.
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Scope and segmentation of the medical composites market
| REPORT METRIC | DETAILS |
| Forecast period | 2022 to 2029 |
| Year of reference | 2021 |
| Historical years | 2020 (customizable until 2014 – 2019) |
| Quantitative units | Revenue in million USD, volumes in units, price in USD |
| Segments Covered | Type (ceramic fiber, carbon fiber, others), application (composite body implants, dental, diagnostic imaging, surgical instruments, others) |
| Countries covered | United States, Canada and Mexico in North America, Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel , Rest of Middle East and Africa (MEA) as part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | 3M (USA), Toray Industries, Inc. (Japan), CeramTec GmbH (Germany), Dentsply Sirona (USA), Royal DSM (Netherlands), SGL Carbon (Germany), Mitsubishi Chemical Corporation (Japan) , Avient (USA), Composiflex (USA), Polygon Company (India), ACP Composites, Inc. (USA), Icotec ag (Switzerland), IDI Composites International (USA), Kulzer GmbH (Germany), Zeus Industrial Products, Inc. (USA) |
| Market opportunities |
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Market definition
Medical composite material is a mixture of two or more materials with unique physical and chemical properties. These composites are used in the field of diagnostics to reduce the weight of a diagnostic instrument, thereby providing better, clearer images of diseased parts and rare positioning for patients. End users of medical composites are pharmaceutical companies, diagnostic imaging centers, medical device companies, research centers and others.
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Research Methodology: Global Medical Composites Markets
Base year data collection and analysis is done using data collection modules with large sample sizes. Market data is analyzed and estimated using statistical and consistent market models. Market share analysis and key trend analysis are also key success factors for the market report. To learn more, please request an analyst call or can submit your request.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables in the market and primary validation (industry expert ). Apart from this, the data models include Vendor Positioning Grid, Market Timeline Analysis, Market Overview & Guide, Expert Analysis, Import/Export Analysis, price analysis, production consumption analysis, climate chain scenario, company positioning grid, company market share analysis, measurement standards, global versus regional analysis and supplier share. To learn more about the research methodology,
Medical Composite Market Dynamics
Drivers
- Rising use in the X-ray machine
Medical composites are widely used in different X-ray machines because of their provision of producing low level of radiations. Due to this, the demand of medical composites has strengthened in X-ray technologies over the past half-decade. Such technological advancements in medical diagnostic devices have enforced the manufacturers to invest in producing promising medical composites based products.
- Increase the usage in dental care
The dental issues are growing rapidly all over the globe due to the increase in demand of dental composite materials. The increase in the number of dental patients upsurge the demand of dental composite materials which are expected to drive the growth rate of the medical composite market.
- Rise the demand of carbon fiber medical composites
In surgical application, carbon fiber medical composites are widely used due to their lightweight and chemical inertness properties. Furthermore, those medical composite made of carbon fiber is utilized as a conjugation material in medical application, an alternative over polymeric or metallic materials.
Opportunities
- Strategic projects by organisation and advanced technology
The development and production projects are being started to decrease the manufacturing costs of carbon fiber reinforced products through process solutions in medical technology. Several organizations are widely developing different medical composites to increase the production processes to attain more stability of the product, which are expected to create immense opportunities for the growth of the medical composites market.
Fathomers, the development of new medical composites materials and the demand of biodegradable medical composites for medical implants will further create several opportunities for the growth of the medical composites market in the above mentioned forecast period.
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Customization Available
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