Medical Composites Market Size, Industry Outlook And Forecast For 2031 - The 3M Company, Toray Industries Inc, SGL Carbon SE, CeramTec GmbH, Composiflex Inc
The global medical composites market report by the business research company identifies increasing demand for medical composites from the healthcare sector to be a major growth driver for the medical composites market. The healthcare sector is consisting of businesses that provide medical and clinical services, the development of medical devices and medicines, and medical insurance for the treatment of patients' diseases. The demand for medical composites in the healthcare sector is increasing due to the rising need for medical instruments. For instance, in 2020, The Observatory of Economic Complexity (OEC), a Brazil-based data visualization and distribution platform that provides economic activities of the world, the total production trade value of medical instruments was $133 billion across the globe in the world. Therefore, the increasing demand for medical composites from the healthcare sector is driving the growth of the medical composites market.
The global medical composites market size is expected to grow from $1.01 billion in 2021 to $1.13 billion in 2022 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The medical composites market is expected to grow to $1.73 billion in 2026 at a CAGR of 11.1%.
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North America was the largest region in the medical composites market in 2021. The regions covered in this medical composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the medical composites market are The 3M Company, Toray Industries Inc, SGL Carbon SE, CeramTec GmbH, Composiflex Inc, Dentsply Sirona Inc, Mitsubishi Chemical Holdings Corporation, Avient Corporation, Zeus Industrial Products Inc, Kulzer GmbH, Kaman Corporation, Den-Mat Holdings LLC, Ivoclar Vivadent Inc, Tokuyama Dental Corporation Inc, Quantum Composites Inc, Teijin Limited, Dental Technologies Inc.
The global medical composites market is segmented -
1) By Fiber Type: Carbon Fiber, Ceramic Fiber, Other Fiber Types
2) By Process: Wet Lamination, Prepreg, Other Process
3) By Application: Diagnostic Imaging, Composite Body Implants, Surgical Instruments, Dental, Other Applications
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The Medical Composites Market Report Contents Include
1. Executive Summary
2. Medical Composites Market Characteristics
3. Medical Composites Market Trends And Strategies
4. Medical Composites Market - Macro Economic Scenario
5. Medical Composites Market Size And Growth
28. Key Mergers And Acquisitions In The Medical Composites Market
29. Medical Composites Market Future Outlook and Potential Analysis
This report covers the trends and market dynamics of the medical composites market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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