Global Medical Composite Materials Market 2024-2028
The medical composite materials market is forecasted to grow by USD 871.8 mn during 2023-2028, accelerating at a CAGR of 10.87% during the forecast period. The report on the medical composite materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for lightweight material in medical industry, increase in demand for carbon fiber-reinforced plastics for biomedical applications, and emergence of novel materials in medical sector.
Technavio's medical composite materials market is segmented as below:
By Application
- Diagnostic imaging
- Orthopedics
- Needles and syringes
- Dental
- Microsphere
By Type
- Fiber composites
- Polymer-ceramic composites
- Polymer-metal composites
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing use of ceramic matrix composites in medical industry as one of the prime reasons driving the medical composite materials market growth during the next few years. Also, emergence of biodegradable composites for medical implants and growing demand for nanofibers in medical industry will lead to sizable demand in the market.
The report on the medical composite materials market covers the following areas:
- Medical composite materials market sizing
- Medical composite materials market forecast
- Medical composite materials market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical composite materials market vendors that include 3M Co., ACP Composites Inc., Avient Corp., Coltene Whaledent AG, Composiflex, CoorsTek Inc., Den Mat Holdings LLC, Dentsply Sirona Inc., Evonik Industries AG, Henkel AG and Co. KGaA, icotec AG, Kaman Corp., Koninklijke DSM NV, Kulzer GmbH, Mitsubishi Chemical Group Corp., Polygon Co., SGL Carbon SE, Shofu Inc., Tokuyama Corp., and Toray Industries Inc.. Also, the medical composite materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.