Zion Market Research, the market research group announced the analysis report titled “Medical Composites Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024”
Medical Composites Market Overview: Large scale components are included in the medical composites that range from those used in X-ray applications to the composite bolts that are used to internally underpin the bones. They are used in equipment components which include mammogram plates to state of the art carbon fiber exoskeletons. There are different types of medical composites available in the market such as polymer-ceramic composites, fiber composites, and polymer-metal composites.
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Medical Composites Market Segmentation: The medical composites market is globally segmented into its fiber type, application, and regions. On the basis of fiber type, the market is segregated into ceramic fiber composites, carbon fiber composites, and other fiber composites. Based on the application, the market is categorized into composite body implants, dental, microsphere, diagnostic imaging, surgical instruments, tissue engineering, and others. Diversification of the global medical composites market includes the Middle East and Africa, Asia Pacific, Europe, North America, and Latin America.
Medical Composites Market Growth Factors: Using the medical composites help in reducing the weight of the instruments, offers better positioning for the patient, and aids in bringing about images that are better. Thus, they are being adopted in a speedy rate in the patient imaging tables and accessories that are used in MRI, X-ray, CT imaging systems, and PET. The other factor that has increased the demand for composites is the quick technological advancements in the dental materials. An evident trend in the global medical composite market is the towering popularity of the carbon fiber composites owing to their different uses in the diagnostic imaging components and prosthetic, surgical instruments, and composites implants. The better physical and mechanical properties such as radiolucency, strength, lightweight, bio-compatibility, and resistance to temperature; corrosion; and moisture of carbon fibers have fuelled the demand. The market for medical composites is characterized by swift technological progress, stiff competition, and changing consumer preferences. But the vendors that are well-entrenched have a solid outreach and also have wide array of products such as glass, carbon, and aramid composites that will help in catering different requirements.
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Medical Composites Market Regional Analysis: The region that accounts to hold the maximum market share in the global market is Europe. The factors that contribute to the market growth in the European region include the strong demand for the components that are used in the diagnostic imaging and composite implants and prostatic. In Europe, the market will expand significantly owing to its increased share due to the high utilization of the composite materials in the bio-medical applications. Other regions such as North America and Asia Pacific region are also contributing a good market share in the global market and is anticipated to grow significantly in the coming years.
Medical Composites Market Competitive Players: Some of the key market players that are involved in the medical composites market include Quatro Composite LCC, Mitsubishi Rayon Co. Ltd., Royal DSM., Toray Industries Inc., ACP Composites, Inc., and Vermont Composites, Inc.
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Medical Composites Market Regional Segment Analysis: North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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