Fiber medicine

Global Medical Composites Market to 2030 – by Fiber Type, Application and Region – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Medical Composites Market by Fiber Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to from ResearchAndMarkets.com offer.

The global medical composites market is forecast to be worth $0.9 billion in 2020 and is projected to reach $2.1 billion by 2030, growing at a CAGR of 9.0% from 2021 to 2030.

A composite material is a mixture of two or more materials that have distinct chemical or physical properties. Medical carbon fiber composites are used for surgical applications due to their chemical inertness and light weight. Fiberglass or fiberglass composite finds various applications in the medical industry, due to its ability to be molded into complex aesthetic shapes and improved structural strength.

The growth of the global medical composites market is driven by the increase in the use of medical composites in diagnostic imaging and the application of dental medical composites. Medical composites are used in medical diagnostic devices and treatment, due to the ability of composites to aid in the healing process and the recovery process of the patient. Epoxy medical composites are used in medical imaging tables, due to their high strength and low signal decrease for nuclear imaging properties.

Additionally, medical composites can be used in diagnostic imaging tables and other imaging accessories such as CT tables, MRI tables, and Positron Emission Tomography (PET) tables. This is attributed to the fact that medical carbon fiber composites are radiolucent, absorb a minimal level of radiant energy, and minimize signal attenuation. Minimal signal attenuation further helps in capturing clear images of the patient’s body or targeted body part. Thus, all these factors combined are expected to increase the demand for medical composites in the global market.

However, the production of medical composites involves complex processes which, in turn, increase the cost of the product. Additionally, the shape of medical composites cannot be easily changed, which is expected to restrain the growth of the global market.

Conversely, the recent development of medical composites is expected to provide lucrative opportunities over the forecast period. Additionally, medical carbon fiber composites offer improved load bearing capacity, making them suitable for use in artificial limbs. Load bearing links are of utmost importance in the joint mechanism, and medical carbon fiber composites are used for this application due to their stiffness and biocompatibility.

The global medical composites market is segmented into fiber type, application, and region. On the basis of fiber type, the global medical composites market is categorized into carbon fiber, fiberglass, and others. Based on application, the market is divided into diagnostic imaging, composite body implants, dental medical composites, and surgical instruments. Regionally, the medical composites market is studied across North America, Europe, Asia Pacific, and LAMEA.

Key Benefits

  • Porter’s Five Forces Analysis helps in analyzing the potential of buyers and suppliers and the competitive scenario of the industry for making strategies.

  • It outlines the current trends and future estimates of the Medical Composites market from 2020 to 2030 to understand the existing opportunities and potential investment pockets.

  • Major countries in the region have been mapped based on their individual contribution to regional market revenue.

  • The main drivers, constraints and opportunities along with their detailed impact analysis are explained in the study.

  • Profiles of key players and their key strategic developments are listed in the report.

Market dynamics

Drivers

  • Growing use of medical composites in diagnostic imaging applications

  • Increase in demand for composite body implants

Detention

Opportunity

  • Increase in demand for medical composites from dental medical composites

Companies cited

  • CeramTec GmbH

  • Composiflex Inc.

  • Dentsply Sirona

  • IDI Composites International Inc.

  • Kulzer GmbH

  • ROYAL DSM S.A.

  • SGL Carbon SE

  • 3M Company

  • Toray Industries Inc

  • Zeus Industrial Products Inc

For more information on this report, visit https://www.researchandmarkets.com/r/oqwzy0