Medical Composites Market Release Latest Trends & Industry Vision by 2030

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

In terms of value, the global medical composites market is anticipated to expand at a CAGR of ~9% from 2020 to 2030 and exceed the value of US$ 500 Mn by 2030. North America dominated the global medical composites market, in terms of volume, in 2019. It is estimated to lead the global medical composites market during the forecast period. The diagnostic imaging application segment is projected to offer lucrative opportunities to the global medical composites market in the near future. The medical composites market in Asia Pacific is projected to expand at a rapid pace during the forecast period. The Europe medical composites market is expected to expand at a healthy CAGR during the forecast period. For instance, in the U.K., approximately 44.4 million people have undergone diagnostic imaging activity of X-ray, ultrasound, CT scan, MRI, fluoroscopy, nuclear medicine, PET-CT scans, SPECT scans, and medical photography between March 2019 and March 2020. This factor is expected to propel the medical composites market in the region.

𝐑𝐞𝐚𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/medical-composites-market.html

Medical Composites Market: Major Drivers and Restraints
Using medical composites helps reduce the weight of instruments, offers better positioning for the patient, and aids in capturing better images. Thus, they are being adopted at a rapid rate in patient imaging tables and accessories that are used in MRI, X-ray, CT imaging systems, and PET. Rapid technological advancements in dental materials are fueling the demand for composites. An evident trend in the global medical composite market is the increasing popularity of carbon fiber composites, owing to their different uses in diagnostic imaging components and prosthetic, surgical instruments, and composites implants. Better physical and mechanical properties such as radiolucency, strength, lightweight, biocompatibility, and resistance to temperature; corrosion; and moisture of carbon fibers have fueled the demand.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19214

Positive approaches in the research and development of medical composites are estimated to further drive the global medical composites market. For instance, Lamborghini is an Italy-based luxury sports car manufacturer. The company has joined hands with Houston Methodist Research Institute to share knowledge in regards to the use of carbon fiber composite material for medical devices. The current project focuses on biocompatibility study of composite materials that could be utilized in prosthetic inserts and subcutaneous devices. Researchers aim at identifying new materials that are lighter and can be tolerated by the human body.

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬

Based on fiber type, the carbon fiber composites segment held a major share of the global medical composites market in 2019. This trend is anticipated to continue during the forecast period. The glass fiber composites segment is projected to expand at a significant CAGR during the forecast period. In terms of application, the diagnostic imaging application segment held a notable share of more than 40% of the global medical composites market in 2019. This trend is estimated to continue during the forecast period. Various diagnostic imaging systems and equipment used in medical diagnostic center employ medical composites, owing to the multiple advantages offered by medical composites. On the other hand, the composite body implants application segment is projected to expand at a rapid pace during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=19214

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐨𝐟 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Key manufacturers operating in the global medical composites market include 3M, Toray Advanced Composites, DSM, Polygon Company, PolyOne, Composiflex, ACP COMPOSITES, INC, Mitsubishi Chemical Corporation, Icotec Ag, Plastic Reinforcement Fabrics Ltd, Jiangsu Aosheng Composite Materials Hi-Tech Co., Ltd., and Shanghai Cedar Composites Technology Co. Ltd.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Medical Composites Market, by Fiber Type
• Carbon Fiber Composites
• Glass Fiber Composites
• Others
Medical Composites Market, by Application
• Diagnostic Imaging
• Composite Body Implants
• Surgical Instruments
• Dental
• Tissue Engineering
• Others

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=19214

Medical Composites Market, by Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia & CIS
o Rest of Europe
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of Middle East & Africa
• Asia Pacific
o China
o India
o Japan
o ASEAN
o Rest of Asia Pacific

𝐆𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭:
Bitumen Market -https://www.accesswire.com/716840/Bitumen-Market-to-Reach-US-1453-Bn-by-2031-TMR-Study
Monochloroacetic Acid Market - https://www.prnewswire.com/news-releases/monochloroacetic-acid-market-to-rise-at-cagr-of-3-9-over-forecast-period-of-2022-2031-tmr-study-301630597.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Nikhil Sawlani
Transparency Market Research Inc.
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This release was published on openPR.