Press release
Medical Composites Market to Witness Huge Growth by Key Players: Toray Industries Inc., Dentsply Sirona, Ceramtec, SGL Carbon, Royal Dsm Nv
"The global medical composites market is expected to grow at 10.3 % CAGR from 2019 to 2028. It is expected to reach above USD 1452 million by 2028 from USD 789.5 million in 2019."The medical composites market is experiencing significant growth due to a combination of factors.
One of the key drivers is the rising demand for advanced medical devices, which has fueled the need for more innovative and specialized materials.
Medical composites have emerged as a solution to this challenge due to the numerous advantages it offers over traditional materials such as metals and ceramics.
These advantages include their biocompatibility, lighter weight, higher strength-to-weight ratio, and greater flexibility, making them an ideal choice for use in various medical applications.
As a result, medical composites have become increasingly popular among healthcare professionals, manufacturers, and consumers alike, driving growth in the market.
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**Note - Updated Version 2023 is available
What this report provides?
The research provides a comprehensive overview of the current state of the Medical Composites market and its anticipated future evolution.
Key companies manufacturing Medical Composites worldwide are profiled, providing an overview of their financials, product portfolio, recent developments, and future outlook.
The report evaluates the current opportunity and future growth potential of the Medical Composites market, providing estimates for its mid-to-long term evolution during the forecast period 2023-2028, aiming to identify potential trends and opportunities.
Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-over-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.
Recent market trends and its potential for future growth
regional reports that can be customised upon request
Who are the major players in this industry?
Toray Industries Inc., Dentsply Sirona, Ceramtec, SGL Carbon, Royal Dsm Nv, Ico Tec AG, Idi composites international, Composiflex Inc., 3M, Vermont Composites Inc., and ACP composites, and others.
Recent Developments in Medical Composites Market
Recent developments in Medical Composites industry, even after market report release, support market trends outlined in analysis.
In June 2022, Mitsubishi Chemical Advanced Materials opened a new production facility in China to meet the growing demand for medical composites in the Asia-Pacific region.
In March 2022, Evonik Industries AG formed a strategic partnership with 4D Lifetec, a Dutch 3D bioprinting company, to develop new 3D-printable composites for use in medical applications.
In February 2022, Avient Corporation (formerly PolyOne Corporation) acquired Composites Distribution, a distributor of composites materials, to expand its presence in the medical composites market.
In January 2022, DSM launched a new line of Dyneema Purity medical-grade ultra-high molecular weight polyethylene (UHMWPE) fiber for use in medical devices such as orthopedic implants.
What exactly does market segmentation cover?
Global Medical Composites Market by Fiber Type, 2019-2028, (In USD Million)
» Carbon Fiber
» Ceramic Fiber
» Others
Global Medical Composites Market by Application, 2019-2028, (In USD Million)
» Diagnostic Imaging
» Composite Body Implants
» Surgical Instruments
» Dental
» Others
Regional Analysis of the Medical Composites Market
The market development, current market trends, and some research methodologies are all covered in the Medical Composites Industry research report. It draws attention to crucial aspects like product portfolios, software architectures, and production strategies that have a direct impact on the market. Our research shows that even minor changes to a product's qualities can have a big impact on the previously mentioned criteria.
Key Geographical Regions
✦North America (US, Canada)
✦Europe (Germany, UK, France, Italy, Spain)
✦Asia-Pacific (China, Australia, Japan)
✦Middle East and North Africa
✦Latin America
Table of Content:
1 Study Reporting
1.1 Medical Composites Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Medical Composites Market Size Growth Rate by Type
1.5 Market by Application
2 Executive Instantaneous
2.1 Global Medical Composites Market Size
2.1.1 Global Medical Composites Revenue
2.1.2 Global Medical Composites Production
2.2 Medical Composites Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Medical Composites Manufacturers
2.3.2.1 Medical Composites Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Medical Composites Product Offered
2.3.2.3 Date of Manufacturers Enter into Medical Composites Market
2.4 Key Trends for Medical Composites Markets & Products
3 Market Size by Manufacturers
3.1 Medical Composites Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans
4 Medical Composites Production by Regions
4.1 Global Medical Composites Production by Regions
4.1.1 Global Medical Composites Production Market Share by Regions
4.1.2 Global Medical Composites Revenue Market Share by Regions
4.2 United States
4.2.1 United States Medical Composites Production
4.2.2 United States Medical Composites Revenue
4.2.3 Key Players in United States
4.2.4 United States Medical Composites Import & Export
4.3 Europe
4.3.1 Europe Medical Composites Production
4.3.2 Europe Medical Composites Revenue
5 Medical Composites Consumption by Regions
5.1 Global Medical Composites Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country
6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type
7 Market Size by Application
7.1 Overview
7.2 Global Medical Composites Breakdown Data by Application
7.2.1 Global Medical Composites Consumption by Application
7.2.2 Global Medical Composites Consumption Market Share by Application
8 Manufacturers Profiles
9 Production Forecasts
9.1 Medical Composites Production and Revenue Forecast
9.1.1 Global Medical Composites Production Forecast
9.1.2 Global Medical Composites Revenue Forecast
9.2 Medical Composites Production and Revenue Forecast by Regions
9.2.1 Global Medical Composites Revenue Forecast by Regions
9.2.2 Global Medical Composites Production Forecast by Regions
9.3 Medical Composites Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Medical Composites Production Forecast by Type
9.4.2 Global Medical Composites Revenue Forecast by Type
10 Consumption Forecast
10.1 Medical Composites Consumption Forecast by Application
10.2 Medical Composites Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Medical Composites Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Medical Composites Consumption Forecast by Regions
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Medical Composites Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Medical Composites Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Medical Composites Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa
11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Medical Composites Sales Channels
11.2.2 Medical Composites Distributors
11.3 Medical Composites Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators
13 Key Findings in the Global Medical Composites Study
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
Continue….
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Research Methodology
The report is based on data analysis strategies by skilled data analysts. The research methodology involves collecting and analyzing information to provide significant market predictions. Interviews with market influencers make primary research relevant and practical. The secondary method provides a direct insight into demand and supply. Both primary and secondary data collection methods are used, along with publicly available sources like annual reports and white papers, to provide a comprehensive understanding of the market. The report offers precise data analysis and a comprehensive market tour.
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