PUBLISHER: IMARC | PRODUCT CODE: 1422934
PUBLISHER: IMARC | PRODUCT CODE: 1422934
Medical Composite Materials Market by Type (Fiber Composites, Polymer-Ceramic Composites, Polymer-Metal Composites), Application (Orthopedics, Dental, Diagnostic Imaging, Needles and Syringes, Microsphere), and Region 2024-2032
Abstract
The global medical composite materials market size reached US$ 1,001.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,690.3 Million by 2032, exhibiting a growth rate (CAGR) of 5.81% during 2024-2032. The increasing prevalence of joint problems, the widespread product utilization in diagnostic imaging systems, and significant improvement in the healthcare industry represent some of the key factors driving the market.
Medical composite materials are a blend of two or more materials with different chemical or physical properties. They are widely used in the place of plastic, steel, and aluminum to produce customized and complex products like prosthetics, advanced orthopedic devices, and body implants. Medical composite materials help to replace, restore, and improve the functions of degenerated or disturbed tissues and organs. They are also used in diagnostic instruments to lower the weight of the device, which assists in generating clearer images. Medical composite materials are durable, lightweight, corrosion-resistant, bio-compatible, and radiolucent. As a result, these materials find extensive applications in bone plates, intramedullary nails, bone replacement, dental fillings, and bone cement.
Medical Composite Materials Market Trends:
The increasing prevalence of joint problems is one of the key factors driving the growth of the market. Medical composite materials are used to manufacture artificial limbs and in orthopedic applications, such as bone fixation plates and hip joint replacement. Moreover, the widespread product utilization in diagnostic imaging systems, patient imaging tables, and accessories used in positron emission tomography (PET), X-ray, computed tomography (CT), and magnetic resonance imaging (MRI) systems is acting as another growth-inducing factor. Apart from this, the recent development of carbon fiber composite materials implanted into cartilage to promote biological resurfacing of damaged areas due to its load-carrying links in joint mechanisms of artificial limbs is providing an impetus to the market growth. In addition to this, key players are focusing on the utilization of carbon fiber reinforced polymer (CFRP) for prosthetic limbs, and medical implants to replace damaged bone due to its lightweight structural properties is favoring the market growth. Furthermore, the increasing incidences of tooth decay and dental issues are propelling the market growth. Medical composite materials are widely used to restore a tooth surface to its natural shape and protect against biting forces, chewing motions, or accidental contact with a hard surface. Besides this, several organizations are widely developing different biodegradable medical composites and decreasing manufacturing costs, which, in turn, is positively influencing the market growth. Other factors, including the rising geriatric population, increasing expenditure capacities of consumers, significant growth in the healthcare industry, and the widespread product utilization in needles and syringes to improve performance, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global medical composite materials market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type and application.
Type Insights:
Fiber Composites
Polymer-Ceramic Composites
Polymer-Metal Composites
The report has provided a detailed breakup and analysis of the medical composite materials market based on the type. This includes fiber, polymer-ceramic, and polymer-metal composites. According to the report, fiber composites represented the largest segment.
Application Insights:
Orthopedics
Dental
Diagnostic Imaging
Needles and Syringes
Microsphere
The report has provided a detailed breakup and analysis of the medical composite materials market based on the application. This includes orthopedics, dental, diagnostic imaging, needles and syringes and microsphere. According to the report, diagnostic imaging represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for medical composite materials. Some of the factors driving the North America medical composite materials market included the rising geriatric population, the increasing incidences of tooth decay and dental issues, and various product innovations.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global medical composite materials market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 3M Company, CK Composites Co. LLC., Composiflex Inc., Evonik Industries AG (RAG-Stiftung), Polygon Company, Toray Advanced Composites (Toray Industries Inc.), etc.
Key Questions Answered in This Report:
- How has the global medical composite materials market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global medical composite materials market?
- What are the key regional markets?
- Which countries represent the most attractive medical composite materials markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on application?
- What is the competitive structure of the global medical composite materials market?
- Who are the key players/companies in the global medical composite materials market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Medical Composite Materials Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Fiber Composites
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Polymer-Ceramic Composites
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Polymer-Metal Composites
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Orthopedics
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Dental
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Diagnostic Imaging
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Needles and Syringes
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Microsphere
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 3M Company
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 CK Composites Co. LLC.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Composiflex Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Evonik Industries AG (RAG-Stiftung)
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Polygon Company
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Toray Advanced Composites (Toray Industries Inc.)
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.1 3M Company
List of Figures
- Figure 1: Global: Medical Composite Materials Market: Major Drivers and Challenges
- Figure 2: Global: Medical Composite Materials Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Medical Composite Materials Market: Breakup by Type (in %), 2023
- Figure 5: Global: Medical Composite Materials Market: Breakup by Application (in %), 2023
- Figure 6: Global: Medical Composite Materials Market: Breakup by Region (in %), 2023
- Figure 7: Global: Medical Composite Materials (Fiber Composites) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Medical Composite Materials (Fiber Composites) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Medical Composite Materials (Polymer-Ceramic Composites) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Medical Composite Materials (Polymer-Ceramic Composites) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Medical Composite Materials (Polymer-Metal Composites) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Medical Composite Materials (Polymer-Metal Composites) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Medical Composite Materials (Orthopedics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Medical Composite Materials (Orthopedics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Medical Composite Materials (Dental) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Medical Composite Materials (Dental) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Medical Composite Materials (Diagnostic Imaging) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Medical Composite Materials (Diagnostic Imaging) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Medical Composite Materials (Needles and Syringes) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Medical Composite Materials (Needles and Syringes) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Medical Composite Materials (Microsphere) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Medical Composite Materials (Microsphere) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: North America: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: North America: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: United States: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: United States: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Canada: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Canada: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Asia-Pacific: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Asia-Pacific: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: China: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: China: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Japan: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Japan: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: India: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: India: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: South Korea: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: South Korea: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Australia: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Australia: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Indonesia: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Indonesia: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Others: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Others: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Europe: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Europe: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Germany: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Germany: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: France: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: France: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: United Kingdom: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: United Kingdom: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Italy: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Italy: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Spain: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Spain: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Russia: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Russia: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Others: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Others: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Latin America: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Latin America: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Brazil: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Brazil: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Mexico: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Mexico: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Others: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Others: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Middle East and Africa: Medical Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Middle East and Africa: Medical Composite Materials Market: Breakup by Country (in %), 2023
- Figure 71: Middle East and Africa: Medical Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Global: Medical Composite Materials Industry: Drivers, Restraints, and Opportunities
- Figure 73: Global: Medical Composite Materials Industry: Value Chain Analysis
- Figure 74: Global: Medical Composite Materials Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Medical Composite Materials Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Medical Composite Materials Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Medical Composite Materials Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Medical Composite Materials Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Medical Composite Materials Market: Competitive Structure
- Table 6: Global: Medical Composite Materials Market: Key Players
