Allied Market Research

2024

Medical Composite Material Market

Medical Composite Material Market Size, Share, Competitive Landscape and Trend Analysis Report by Fiber Type, by Application and by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

LS : Medical Devices & Supplies

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Author's: | Roshan Deshmukh
Publish Date:

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Medical composite is a non-viable material intended to interact with the biological system and is used in a medical device. Medical composites are widely used to replace, restore, or improve the functions of disturbed or degenerated tissues or organs. They help heal and recover abnormalities, thereby improving the quality of life in patients. Medical composites for orthopedics are used as bone plates, bone cements, intramedullary nails, and in bone replacement.

Increase in the prevalence of joint problems, obesity, and geriatric population are the major factors that drive the medical composite material market for orthopedics. Furthermore, numerous advantages of medical composites such as lightweight, long life cycle, corrosion resistant, radiolucent, and bio-compatible have increased its demand in the treatment of orthopaedic conditions.

A rise in the number of accidents & trauma cases and technological advancements in the orthopedic sector are anticipated to fuel the growth of the market. However, volatile raw material prices and stringent government regulations associated with the manufacturing and sales of medical composites are anticipated to hinder the growth of the market. Ongoing R&D activities on medical composite material for orthopedics is anticipated to provide opportunities for the market growth.

The market is segmented on the basis of fiber type, application, end user, and region. Based on fiber type, the market is segmented into carbon, ceramic, and glass fiber. Based on application, the market is classified into hard tissue application, soft tissue application, tissue engineering applications, prosthetics, and others. Based on end user, the market is categorized into hospitals, research institutes, and others. By region, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • The study provides an in-depth analysis of the market with current trends and future estimations to elucidate investment pockets.
  • Comprehensive analysis of factors that drive and restrict the growth of the market has been provided.
  • The report provides a quantitative analysis to help stakeholders to capitalize on prevailing market opportunities¬†in terms of value.
  • Extensive analysis of different segments helps understand various products of the market.
  • Key players have been profiled and their strategies thoroughly analyzed, which predict the competitive outlook of the market.

Medical Composite Material Market Report Highlights

Aspects Details
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By Fiber Type
  • Carbon
  • Ceramic
  • Glass Fiber
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By Application
  • Hard Tissue Application
  • Soft Tissue Application
  • Tissue Engineering Applications
  • Prosthetics
  • Others
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By End User
  • Hospitals
  • Research Institutes
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

ACP Composites, Inc., Polygon Company, Polyone Polymers India Pvt. Ltd, Mitsubishi Rayon Co. Ltd., Vermont Composites, Inc., Icotec AG, Quatro Composite LCC, Royal DSM, Toray Industries Inc., Composiflex Inc

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Medical Composite Material Market

Global Opportunity Analysis and Industry Forecast, 2023-2032