Global Medical Composites
Market Report
2025
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to cognitive market research, the global medical composites market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Drivers:
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Market Restrains:
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Market Trends:
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Market Split by Fiber Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Medical Composites industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Medical Composites Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The composite material is a combination of two materials that possess different physical and chemical properties. Glass fiber composites are used on a large scale in the healthcare sector as they have very different properties that are useful to the industry. The glass fiber can be altered into different shapes and molded in the form of aesthetic structures that provide great strength to the product and hence can be put into use in a variety of ways.
There is extensive use of composite materials in the medical sector, especially in orthotic and prosthetic devices and in the components of MRI equipment. The main advantages of artificial limbs which are manufactured from composite materials is that they are fatigue-resistant and easy to manufacture.
Increasing in manufacturing of body implants will significantly drive the market
Because medical composites are so lightweight, which is very beneficial to patients, their application in the production of body implants has become a major force in the medical industry. The fact that the implants are so light means that the wearer does not feel unduly burdened or unpleasant, which is advantageous for the market. Orthopedic implant technology has undergone a revolution thanks to medical composites. Amputees can move more freely and comfortably using prosthetic limbs composed of medical composites. For prosthetic fabrication, composite materials are the material of choice because of their strength and low weight.
• For instance, in February 2023, Invibio Biomaterial Solutions, part of Victrex plc, opened a new orthopedic medical device product development facility in the United Kingdom. The expansion will enable the company to support medical device OEMs to co-develop and launch innovative Polyether Ether Ketone (PEEK) polymer implantable devices, augmenting the overall segment growth.
(Source:https://invibio.com/en/news/2023/invibio-opens-new-orthopedic-medical-device-development-centre)
The growing need for bioresorbable and biocompatible materials in the healthcare sector is anticipated to drive considerable growth in the worldwide market for medical composites over the forecast period. While bioresorbable materials are intended to gradually be absorbed by the body, eliminating the need for extra treatments to remove them, biocompatible materials are intended to interact with live tissues and cells in a way that does not generate any negative consequences. Compared to conventional materials, bioresorbable and biocompatible medical composites have several benefits, such as increased biocompatibility, less inflammation, and quicker healing periods. They are therefore extensively employed in a variety of medical applications, including wound dressings and implants. This has created new opportunities for manufacturers of medical composites, who are now developing innovative new products to meet this growing demand.
• For instance, in June 2023, Invibio Biomaterial Solutions, a Victrex plc. company that has been a pioneer in the development of PEEK biomaterial solutions, announced a new collaboration with Paragon Medical, a medical device contract design manufacturer, to develop composite PEEK-OPTIMA ultra-reinforced medical trauma devices.
(Source:https://invibio.com/en/news/2023/invibio-announces-new-collaboration-with-paragon-medical)
Because medical composites have limits, it is important to consider their flexibility as a potential growth constraint on the industry. Because these materials are not particularly flexible, it takes a lot of work to mold them into the right size and form so that they can be used as useful gadgets. One important problem impeding the market's growth is the direct process of reconstructing a medical composite, which is fairly tough and cannot be pushed beyond a certain point. The medical composite frequently has to be downsized and reorganized, particularly when producing limbs for the disabled. This presents a significant challenge to the market and disrupts the supply chain and demand.
In 2020, the demand for composite materials and the supply chain were negatively impacted by the COVID-19 pandemic. Due to the rigorous lockdown imposed on most nations at the height of COVID-19, there has been a disruption in the supply chain as a result of limited commodities movements. Additionally, because elective operations and treatments have been canceled as a result of the pandemic, there has been a decrease in demand for composite body implants, surgical equipment, and diagnostic imaging tools. In 2020, there was less of a need for composite materials as a result of these issues. All orthopedic procedures have been postponed, and orthopedic physicians have been reassigned to care for COVID-19 patients. Patients have also canceled or postponed dental and plastic surgery appointments.
The study of modifying materials at the molecular and atomic levels, known as nanotechnology, is drastically changing the medical composites market by opening up new avenues for expansion. Medical composites with nanotechnology integration allow for the development of materials with superior mechanical strength, higher durability, and improved biocompatibility. This creates opportunities for the creation of cutting-edge implants and medical equipment that can greatly enhance patient outcomes. Medical composites utilizing nanotechnology have made it possible to create incredibly tiny devices with enhanced functioning, allowing for less invasive operations and quicker patient recovery.
• For instance, Gold nanoshells are heavy metal nanoparticles (dielectric core) encapsulated in gold shells and have been proposed to be one of the most promising materials in optical imaging of cancers.
(Source:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7953199/#:~:text=Gold%20nanoshells%20are%20heavy%20metal,may%20provide%20high%20resolution%20imaging.)
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Major market participants who are essential in determining consumer preferences and market dynamics have a major impact on the medical composites market. These major players provide consumers with easy access to a vast array of wardrobe options through their extensive retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also increased consumer trust and loyalty. In addition, these industry titans never stop funding R&D, bringing cutting-edge styles, materials, and practical features to clothing wardrobes to meet changing customer demands and preferences. These big players' combined efforts have a big impact on the market's future direction and level of competition.
Top Companies Market Share in Medical Composites Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America dominates the market for medical composites market. The region of North America held the highest revenue share xx% in 2024 due to the enormous number of healthcare-related industries that are present in this field. Restoring government support for the healthcare industry has become a key driver of market expansion. Because of its sophisticated healthcare system and sizable patient population, the US represents a substantial market for medical composites. The US medical composites market is expanding due to factors such as the aging population, the rising incidence of chronic illnesses, and the growing desire for minimally invasive surgical treatments. Medical composites have also drawn increasing attention from the National Institutes of Health (NIH) as a field for biomedical research.
Because Asia Pacific contributes the most to the global economy of this product, it is anticipated to have the greatest CAGR over the projection period. The market has grown significantly as a result of the enormous demand in this industry for medical devices and equipment made possible by medical composite, and this trend is anticipated to continue during the forecast period. The Asia Pacific area has become a major consumer of medical equipment as a result of the growing number of operations performed in this field. India has emerged as a prominent surgical device importer in the Asia-Pacific region. India has a huge population, which will eventually lead to a desire for improved medical services, as well as implants and medical equipment to improve quality of life.
The current report Scope analyzes Medical Composites Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Medical Composites Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Medical Composites Industry growth. Medical Composites market has been segmented with the help of its Fiber Type, Application , and others. Medical Composites market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the fiber type the market is segmented into ceramic fiber, carbon fiber, and glass fiber. carbon fiber segment has emerged as the largest market for medical composites due to its extensive demand in the healthcare sector for making implants and other devices. The advanced capabilities of carbon fiber which helps it to carry a huge amount of load make it very useful for the patient in the form of an implant that can support the entire body structure of the person by carrying its weight. This makes it particularly beneficial for patients in the form of implants that can support a person's whole body structure by bearing their weight. Excellent biocompatibility the ability of carbon fiber to be absorbed by the body without causing negative side effects—is one of its main benefits. Furthermore, carbon fiber is radiolucent, meaning that it is invisible to X-rays and other imaging methods. Because of this characteristic, it can be used in medical equipment like MRI scanners, where the presence of metal components might cause problems with imaging and diagnosis.
• For instance, in May 2023, Canon Medical launched a Celex, a multipurpose X-ray system with in-built carbon fiber to minimize X-ray absorption. Therefore, with the increase in the launch of advanced diagnostic equipment like X-rays having carbon fiber, the demand for the medical composites market is projected to accelerate during the upcoming period.
(Source:https://eu.medical.canon/News/PressRelease/Detail/128862-834 )
• For instance, in January 2023, Toray Industries, Inc., a leading manufacturer of synthetic fibers and textiles, announced that it developed a new carbon fiber composite material for medical applications. The new material, TORAYCA M40X, offers high strength, modulus, and biocompatibility for orthopedic implants and surgical instruments.
(Source:https://www.toray.com/global/news/details/20230927110308.html )
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Medical Composites Industry. Request a Free Sample PDF!
Based on the application the market is segmented into composite body implants, diagnostic imaging, surgical instruments, dental instruments, and others. Due to the growing need for precise diagnoses in the healthcare sector, which enables doctors to select the best course of action for their patients, diagnostic imaging has become the largest market. The primary driver of the market's expansion has been the usage of medical equipment and gadgets that aid in getting an accurate picture of the body's pathologies and defects. Another important characteristic of medical composite that makes it a highly sought-after material in the healthcare sectors is attenuation of minimal signal intensity.
• For instance, on 23 November 2021, Koninklijke Philips N.V. a global pioneer in health technology, revealed new AI-enabled advancements in MR imaging unveiled at the annual conference of the Radiological Society of North America.
(Source:https://www.philips.com/a-w/about/news/archive/standard/news/press/2021/20211123-philips-launches-new-ai-enabled-mr-portfolio-of-smart-diagnostic-systems-optimized-workflow-solutions-and-integrated-clinical-solutions-at-rsna-2021.html )
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
The composite material is a combination of two materials that possess different physical and chemical properties. Glass fiber composites are used on a large scale in the healthcare sector as they have very different properties that are useful to the industry. Because medical composites are being used more often for dental and diagnostic imaging applications, the market for these materials is anticipated to expand quickly in this area over the course of the forecast period. Major market participants who are essential in determining consumer preferences and market dynamics have a major impact on the medical composites market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Fiber Type | Carbon, Ceramic, Glass Fiber |
Application | Composite body implants, Diagnostic imaging, Surgical instruments, Dental instruments, Others |
List of Competitors | 3M (US), Royal DSM (Netherlands), Royal TenCtae, Toray Industries(Japan), Icotec (Switzerland), Mitsubishi Rayon (Japan), Composiflex (US), Vermont Composites (US), ACP Composites (US), Quatro Composites (US) |
This chapter will help you gain GLOBAL Market Analysis of Medical Composites. Further deep in this chapter, you will be able to review Global Medical Composites Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Medical Composites. Further deep in this chapter, you will be able to review North America Medical Composites Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Medical Composites. Further deep in this chapter, you will be able to review Europe Medical Composites Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Medical Composites. Further deep in this chapter, you will be able to review Asia Pacific Medical Composites Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Medical Composites. Further deep in this chapter, you will be able to review South America Medical Composites Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Medical Composites. Further deep in this chapter, you will be able to review Middle East and Africa Medical Composites Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Medical Composites. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Fiber Type Analysis 2019 -2031, will provide market size split by Fiber Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Fiber Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Medical Composites market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Carbon have a significant impact on Medical Composites market? |
What are the key factors affecting the Carbon and Ceramic of Medical Composites Market? |
What is the CAGR/Growth Rate of Composite body implants during the forecast period? |
By type, which segment accounted for largest share of the global Medical Composites Market? |
Which region is expected to dominate the global Medical Composites Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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