Image

Global Medical Composite Market – Industry Trends and Forecast to 2029

Chemical and Materials

Image

Global Medical Composite Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Medical Composite Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 1,000.83 USD Million
Diagram Market Size (Forecast Year) USD 1,929.30 USD Million
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global Medical Composite Market, By Type (Ceramic Fiber, Carbon Fiber, Others), Application (Composite Body Implants, Dental, Diagnostic Imaging, Surgical Instruments, Others) – Industry Trends and Forecast to 2029.

Medical Composite Market

Medical Composite Market Analysis and Size

The growing healthcare sector has boosted the demand of the medical composites in the global market. Over the past few years, medical composites manufacturers have continuously exerted efforts towards launching advanced devices in the market that will not only increase their product lines but also enhance their overall net profits. The carbon fiber segment covers maximum share in the growth of the medical composite market during the forecast period because carbon fiber medical composites provide improved load-bearing capability which makes them more suitable to be used in artificial limbs is the key market trend. 

Data Bridge Market Research analyses that the medical composite market is expected to undergo a CAGR of 8.55% during the forecast period. This indicates that the market value, which was USD 1,000.83 million in 2021, would rocket up to USD 1,929.30 million by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Medical Composite Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD million, Volumes in Units, Pricing in USD

Segments Covered

Type (Ceramic Fiber, Carbon Fiber, Others), Application (Composite Body Implants, Dental, Diagnostic Imaging, Surgical Instruments, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., 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 the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

3M (U.S.), Toray Industries, Inc. (Japan), CeramTec GmbH (Germany), Dentsply Sirona (U.S.), Royal DSM (Netherlands), SGL Carbon (Germany), Mitsubishi Chemical Corporation (Japan), Avient (U.S.), Composiflex (U.S.), Polygon Company (India), ACP Composites, Inc.(U.S.), Icotec ag (Switzerland), IDI Composites International (U.S.), Kulzer GmbH (Germany), Zeus Industrial Products, Inc. (U.S.)

Market Opportunities

  • Growth and expansion of medical industry
  • Strategic projects by organisation and advanced technology
  • Rising research and development opportunities

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 diagnosis for reducing the weight of a diagnostic instrument, thus, offering better clearer images of the diseased parts and rare positioning for patients. The end users of medical composites are pharmaceutical companies, diagnostic imaging centers, medical device companies, research centers, and others.

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.

Restraints/Challenges

  • High production cost

The high cost of composites product due to the involvement of complex processes for the production of medical composites is expected to obstruct the growth of the global medical composite market.

  • Stringent rules and regulations

Strict rules and regulations imposed by the food and drug administration will restrain the growth of the medical composite market during the forecast period of 2022 to 2028.

This medical composite market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical composite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Medical Composite Market

The covid-19 pandemic is expected to witness a decline in the growth of the medical composites market. This coronavirus has adversely affected the overall globe, especially the developing regions. During the pandemic companies has shut down their manufacturing and operations facilities. The dental treatments were restricted and hospitals were operating at emergency patients only. This has led to a decline in the consumption of medical composites across many applications such as surgical instruments, diagnostic imaging, composite body implants, and others.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In April 2019, 3M had launched Filtek Universal restorative composites product. This new product involves a unique shading system in an innovative material that provides proficiency and long-lasting and highly esthetic result.

Global Medical Composite Market Scope

The medical composite market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Application

  • Composite Body Implants
  • Dental
  • Diagnostic Imaging
  • Surgical Instruments
  • Others

Medical Composite Market Regional Analysis/Insights

The medical composite market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the medical composite market report are U.S., Canada and Mexico in North America, Germany, France, U.K., 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 the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the medical composite market due to the increasing demand of diagnostic imaging for its applications in patient imaging accessories and MRI imaging systems.

Asia-Pacific will continue to project the highest compound annual growth rate during forecast period of 2022-2029 due to the growing demand from healthcare industry in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Medical Composite Market Share Analysis

The medical composite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical composite market.

Some of the major players operating in the medical composite market are:

  • 3M (U.S.)
  • Toray Industries, Inc. (Japan)
  • CeramTec GmbH (Germany)
  • Dentsply Sirona (U.S.)
  • Royal DSM (Netherlands)
  • SGL Carbon (Germany)
  • Mitsubishi Chemical Corporation (Japan)
  • Avient (U.S.)
  • Composiflex (U.S.)
  • Polygon Company (India)
  • ACP Composites, Inc.(U.S.)
  • Icotec ag (Switzerland)
  • IDI Composites International (U.S.)
  • Kulzer GmbH (Germany)
  • Zeus Industrial Products, Inc. (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The medical composite market value is expected USD 1,929.30 million by 2029.
The medical composite market is projected to grow at a CAGR of 8.55% during the forecast period of 2022-2029.
On the basis of application, the Medical Composite Market is segmented into Composite Body Implants, Dental, Diagnostic Imaging, Surgical Instruments, Others.
The major players operating in the Medical Composite Market are 3M (U.S.), Toray Industries, Inc. (Japan), CeramTec GmbH (Germany), Dentsply Sirona (U.S.), Royal DSM (Netherlands), SGL Carbon (Germany), Mitsubishi Chemical Corporation (Japan), Avient (U.S.), Composiflex (U.S.), Polygon Company (India), ACP Composites, Inc.(U.S.), Icotec ag (Switzerland), IDI Composites International (U.S.), Kulzer GmbH (Germany), Zeus Industrial Products, Inc. (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials