Medical Composites Market

Medical Composites Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024
Transparency Market Research Reports incorporated a definite
business overview and investigation inclines on "Medical
Composites Market". This report likewise incorporates more
illumination about fundamental review of the business including
definitions, requisitions and worldwide business sector industry
structure.
Composite is also known as composition material or composite
material. Composite material is made of two or more materials
that have different chemical or physical properties, which form a
new material that has different characteristics than the combined
materials.
The new material are produced may have many reasons such as
materials which are stronger, less expensive or lighter, when it is
compared to traditional materials. Composite materials have
various applications in the aerospace, automotive, construction,
consumer goods, defense, marine, medical, oil & gas, rail, and
renewable industries.
A composite material can be used for many purposes such as
construction of buildings and bridges, and for structures such as

oat hulls, race car bodies, bathtubs, swimming pool panels,
shower stalls, storage tanks, cultured marble sinks, and imitation
granite. Examples of composite material are concrete, ceramic
composites, metal composites, and reinforced plastics.
Composite materials have wide range of medical uses such as in
surgeries, implants, artificial limbs, instrument materials, and
diagnostics.
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The global medical composites market has been segmented
based on product type, application, end-user, and region. In
terms of product type, the market has been categorized into
carbon fiber composites, ceramic matrix composites, and other
composites. Carbon fiber composites have wide usage and hold
the largest share of the market. Based on application, the
medical composites market has been segmented into diagnostic
imaging, composite body implants, surgical instruments, dental,
microsphere, tissue engineering, and others.
Moreover, there are various other applications of medical
composites which depend on the need and requirement of the
material for designing and manufacturing. Medical composites
are primarily used in diagnostic imaging systems. These are

highly used for patient imaging tables and for accessories used
in X-ray, PET, CT, and MRI imaging system. Medical
composites used in diagnostic instruments lower the weight of
an instrument, which in turn offers better positioning for patients
and generation of clearer images. End-users of medical
composites are medical device companies, pharmaceutical
companies, diagnostic imaging centers, research centers, and
others.
Geographically, the medical composites market has been
classified into five regions: North America (U.S. and Canada),
Europe (Germany, France, U.K., etc.), Asia Pacific (China,
Japan, Australia, India, etc.), Latin America (Brazil and
Mexico), and Middle East & Africa (UAE, Saudi Arabia and
South Africa). Europe was the largest market for medical
composites in terms of revenue owing to high demand in
diagnostic imaging components, prosthetic applications, and
composite implants.
Europe was followed by North America and is expected to
register higher growth. Emerging markets such as Asia Pacific,
Latin America, and Middle East & Africa are expected to record
robust growth during the forecast period from 2016 to 2024 due
to the growing health care industry and aging population. China,
Brazil, and India are expected to witness strong growth due to
increasing investments by government bodies to enhance health
care facilities.

Technological advancement and increase in the usage of
composite materials in various medical application such as
implants, diagnostics, medical equipment and accessories are the
other factors likely to boost the growth of the medical
composites market. The market is also witnessing certain
restraints such as intense competition among existing medical
composites manufacturers and frequent changes in consumer
preferences.
Major players operating in this market include 3M, DSM,
Polygon Company, PolyOne Corporation, Quatro Composites,
Toray Industries, Inc., Composiflex, Inc., ACP Composites, Inc.,
Vermont Composites, Inc., and Mitsubishi Rayon Co., Ltd.
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