Global Medical Composite Materials Market to Grow at 6.91% CAGR from 2016 to 2020 owing to Emergence of Lightweight Composites


Published Date : Aug 22, 2016

Albany, NY, Aug 22, 2016: MarketResearchReport.biz has added a new report on the global medical composite materials market to its expanding repository of reports. The report defines medical composite materials and briefs readers about the changing trends, competitive landscape, and the key companies operating in the market. Medical composite materials are compact products designed by generating a combination of components offering enhanced performance as compared to individual components. Medical composite materials offer benefits such as a high strength-to-weight ratio, good impact resistance, malleability, excellent fatigue endurance, and corrosion resistance. 

The growing awareness among manufacturers about the many benefits of medical composite materials has propelled the global market. The report, titled ‘Global Medical Composite Materials Market 2016-2020,’ states that the global market is predicted to exhibit a 6.91% CAGR during the period between 2016 and 2020. The emergence of lightweight composites and heat-resistant composites has driven the global market for medical composite materials in the last few years. However, the market is predicted to be challenged by the product differentiation of medical composites. The growing use of nano-fibers in soft tissue implants is predicted to benefit the global medical composite materials market.

Medical composite materials comprise fiber composites, polymer-ceramic composites, and polymer composites. As fiber composite materials offer good external impact resistance, they are increasingly being used for manufacturing numerous components including implants and prosthetics. Medical composite materials find application in diagnostic imaging, orthopedics, dental care, microspheres, and needles and syringes. The rising application of medical composite materials in diverse sectors is expected to benefit the global market throughout the forecast period.

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The number of people facing dental issues is expanding rapidly across the globe. This has created more demand for dental composite materials. The rising number of dental patients has made the dental care segment one of the fastest growing application segments of the medical composite materials market.

For a detailed competitive landscape, the global medical composite materials market is regionally divided into APAC, North America, EMEA, and Rest of the World. The global market is highly competitive in nature, with key companies operating across many regions. With new product launches, key manufacturers of medical composite materials are expected to maintain their dominance in the global market. 3M, DSM, Polygone, PolyOne, Quatro, TenCate, Toray, C-K Composites, Evonik, Henkel, Icotec, and Mitsubishi Rayon are some of the key organizations operating in the global medical composite materials market. 

The introduction of new product offerings by key companies is predicted to make the global market competitive for the new entrants. Technological changes and improvements in the research and development activities have helped organizations in manufacturing new medical composite materials. By introducing lightweight composites, new entrants are anticipated to give tough competition to the key players operating in the market. 

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