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Medical Composites Market by Fiber Type, Application - Global Forecast to 2021

Medical Composites Market: Global Forecast until 2021

  • November 2016
  • 130 pages
  • ID: 4315105
In this report:
The market for carbon fiber based medical composites in North America is expected to witness the highest CAGR of ##.##% between 2016 and 2021, in terms of value.
In terms of volume, the global demand for medical composites was ##,##.## tons in 2015 and is projected to reach ##,##.## tons by 2021, registering a CAGR of ##.##% between 2016 and 2021.

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"Medical composites market forecasted to register a Compound annual growth rate of ~7.1 percent during forecast period"

The medical composites market size is projected to extend $934.70M by 2021, at a compound annual growth rate of ~7.1 percent between 2016 and 2021. The main driver stimulating the medical composites market is strong demand from diagnostic imaging. Medical composites are thermal resistant and exhibit very low moisture absorption, which are ideal for surgical and other medical equipment. Over the last few years, there has been a significant growth in the use of composites for implant devices due to their excellent strength, toughness, and bio-inert properties. High cost of carbon fiber and stringent regulatory laws are selecting the rise of the medical composites market.

"Medical composites market estimated to witness more important increase in diagnostic imaging application segment, in terms of value importance"

The top drivers of the medical composites market is growing applications in patient imaging tables and accessories used in X-ray, computerized tomography, magnetic resonance imaging systems, positron emission tomography and other diagnostic devices. Medical composites are used in this applications for their properties including radiolucency, lightweight, and resistance to high temperatures

"North America (NA) is the quickest increasing market for medical composites"

North America continent is forecasted to be the quickest developing market for medical composites in the upcoming five years. The industry in this area is influenced by rising consumption of medical composites in several applications including composite body implants, diagnostic imaging, and dental. The U.S.A leads the sector in North America (NA).

This analysis has been approved through primary Q&A managed with different market experts, globally. Those primary sources have been sliced into the following three categories:

- By type of company- tier 1 40.0 percent, Tier 2 33.0 percent, and Tier 3 27.0 percent

- By designation- C Level- 4.0 percent, Director Level- 15.0 percent, and Others- 45.0 percent

- By region- North america (NA)- 15%, EU- 55.0 percent, Asia-pac- 30%

Strategic Analysis Report

This business report includes the market of medical composites and forecasts the market size until 2021. The industry report includes industry segmentation on the basis of fiber type (carbon fiber, ceramic fiber, and others), application (diagnostic imaging, surgical instruments, composite body implants, dental, engineering, and others), and area (North America continent, Europe (EU), Asia Pacific (APAC), Latin America area, and Middle East (ME) & African continent). The drivers, industry restraints, opportunities, and opportunities of the market have been discussed in the study. It also offers company descriptions and competitive landscape approved by the main market players in the medical composites market.

Why Purchasing This Study Can Help You:

The analysis will facilitate industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the medical composites market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners better comprehend the competitor and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, exhibitions, and mergers & acquisitions.

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