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Medical Composites Market Trends, Strategies, Size, Share And Analysis 2024-2033

11-13-2024 11:23 AM CET | Health & Medicine

Press release from: The Business Research Company

Medical Composites Market Trends

Medical Composites Market Trends

"The Business Research Company recently released a comprehensive report on the Global Medical Composites Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, The medical composites market size has grown rapidly in recent years. It will grow from $1.3 billion in 2023 to $1.47 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to orthopedic applications, aging population, trauma and sports injuries, regulatory compliance, patient-centric care.

The medical composites market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to personalized implants, additive manufacturing, rise in telehealth services, regenerative medicine, biocompatible nanocomposites. Major trends in the forecast period include customized 3d-printed implants, remote monitoring, smart composite materials, sustainability and eco-friendly materials, wearable health devices.

Get The Complete Scope Of The Report @
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Market Drivers and Trends:

The increase in demand for medical composites from the healthcare sector is expected to propel the growth of the medical composites market going forward. The healthcare sector consists 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 September 2022, according to MedTech Europe, a Belgium-based European trade association representing the medical technology industries, in Europe, on average, approximately 11% of gross domestic product (GDP) is allocated to healthcare. Out of this, about 7.6% is attributed to medical technologies. The spending on medical technology across European countries ranges from around 5% to 12% of the total healthcare expenditure. The per capita expenditure on medical technology in Europe stands at approximately $346.08 (€284) . Therefore, the increasing demand for medical composites from the healthcare sector is driving the growth of the medical composites market.

Technological advancements are a key trend gaining popularity in the medical composite market. Major companies operating in the medical composites market are focused on developing new technological solutions to strengthen their position. For instance, in February 2022, Nobio, an Israel-based company operating in medical composites, launched Infinix, a brand-new collection of advanced antimicrobial restorative materials created to combat recurring deterioration. Nobio's new QASi antimicrobial particle technology is a part of the infinix system used in the universal and flowable composites and the universal bonding system. The new restorative materials with QASi antimicrobial particle technology is utilized for preventing tooth demineralization, providing long-lasting bacterial inhibition at the restorative margins, and decreasing restoration failure because of secondary caries.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

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., Koninklijke DSM N.V., Fillauer LLC, Getinge Group, Hill-Rom Holdings Inc., icotec AG, Johns Manville Corp., Nippon Sheet Glass Co. Ltd., Ossur, Ottobock SE & Co. KGaA, Owens Corning, Park Aerospace Corp., Shofu Inc., Taishan Fibreglass South Africa (Pty) Ltd, Fiber Materials Inc., Stryker Corporation

Medical Composites Market 2024 Key Insights:

• The medical composites market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%.
• Rising Demand For Medical Composites In The Healthcare Sector Fuels The Growth Of The Medical Composites Market
• Innovative Advancements Drive Innovation In The Medical Composite Market
• North America was the largest region in the medical composites market in 2023

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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