Medical Carbon Composites Market is Forecasted to Reach US$ 494 million in 2030, Says Stratview Research

The global Medical Carbon Composites Market is projected to witness a growth rate of 9.9% annually from 2024 to 2030, with an anticipated size of US$ 494 million in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Medical Carbon Composites Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 494 million
Growth (CAGR): 9.9% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Medical Carbon Composites Market:
The global Medical Carbon Composites Market is segmented material type, diameter type, application type and region

Based on application type- The market is segmented into composite table tops, medical robots, bone implants, prosthetics, and surgical seals. Composite table top is expected to maintain its vanguard in the market, whereas medical robots are anticipated to mark the highest growth during the forecast period.
Carbon composites are increasingly preferred in applications, such as radiographic imaging tabletops, cradles, prosthetics, tabletop extensions & accessories, oncology treatment overlays, positioning products, and surgical table components.
Operating tables with carbon composite tabletop offer a 360-degree radiolucency which makes them suitable for hybrid operating rooms and diagnostic imaging.
Smart composites and hybrid soft-foldable technologies for minimally invasive surgical robots are some revolutionary application areas in the field.

Based on process type- The market is segmented into prepreg layup and others. Prepreg layup is anticipated to remain the preferred process type by 2030.
Prepreg is the preferred choice for manufacturing operating tables and diagnostic tabletops. Prepregs offer several advantages such as controlled resin content, part uniformity, and less curing time.
Other processes predominantly include wet lamination, another highly preferred process for the fabrication of lower limb prosthetics and orthotics.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests North America is expected to remain the largest market for medical composites by 2030. This growth outlook is majorly attributed to the following-
• Higher adoption of advanced technology, well-developed healthcare infrastructure, and huge healthcare expenditure in the North American region enable higher demand.
• In terms of countries, the USA is expected to assert an unmatched dominance in the market during the forecast period. The country is the largest market for medical devices and accounts for ~40% of global sales.
• Rapid improvement in healthcare infrastructure in key economies, such as India and China, along with rising healthcare expenditure in Asia-Pacific is likely to drive the region's long-term growth.
• China is exerting ardent efforts to boost its production of medical technology to ultimately reduce its reliance on imports.

Medical Carbon Composites Market Drivers:
The Medical Carbon Composites Market is driven by several key factors, including:
• The increasing prevalence of chronic conditions, increasing healthcare expenses, government initiatives such as customs duty exemption on medical devices,
• Growth in regulatory approvals of medical devices, and sustained product innovations are some of the key factors boosting long-term demand.

Top 10 Companies in the Medical Carbon Composites Market:
Stratview Research has identified the following companies as the top market players:
• Össur
• Ottobock SE & Co. KGaA
• Hanger, Inc. (Fillauer LLC)
• Getinge Group
• Steris Corporation
• Baxter International Inc. (HillRom)
• Stryker Corporation
• Composite Horizons
• Stille AB
• Skytron LLC
Mizuho Medical Co. Ltd.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Medical Carbon Composites Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Carbon Composite Operating Tables Market: https://www.stratviewresearch.com/1382/composite-operating-tables-market.html
• Medical Composites Market: https://www.stratviewresearch.com/1381/medical-composites-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.