The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s medical composites market report forecasts the medical composites market size to grow to $2 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Medical Composites Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-composites-global-market-report

Medical Composites Market Size Forecast
The global medical composites market is expected to grow from $1.14 billion in 2022 to $1.28 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical composites market size is expected to grow to $2 billion in 2027 at a CAGR of 11.8%.

North America held the largest medical composites market share.

Key Medical Composites Market Driver ­– Increase In Demand For Medical Composites From The Healthcare Sector
For instance, in 2020, The Observatory of Economic Complexity (OEC), a Brazil-based data visualization and distribution platform that provides economic activities of the world, the total production trade value of medical instruments was $133 billion across the globe in the world. Therefore, the increasing demand for medical composites from the healthcare sector is driving the growth of the medical composites market.

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Key Medical Composites Market Trend – Technological Advancement
Major companies operating in the medical composites market are focused on developing new technological solutions to strengthen their position. For instance, in February 2022, Nobio, an Israel-based company operating in medical composites, launched Infinix, a brand-new collection of advanced antimicrobial restorative materials created to combat recurring deterioration. Nobio’s new QASi™ antimicrobial particle technology is a part of the infinix system used in the universal and flowable composites and the universal bonding system. The new restorative materials with QASi™ antimicrobial particle technology is utilized for preventing tooth demineralization, providing long-lasting bacterial inhibition at the restorative margins, and decreasing restoration failure because of secondary caries.

Medical Composites Market Segment
1) By Fiber Type: Carbon Fiber, Ceramic Fiber, Other Fiber Types
2) By Process: Wet Lamination, Prepreg, Other Process
3) By Application: Diagnostic Imaging, Composite Body Implants, Surgical Instruments, Dental, Other Applications

Medical Composites Market Major Players and Strategies
Major players in the medical composites market are The 3M Company, Toray Industries Inc., SGL Carbon SE, CeramTec GmbH, Composiflex Inc., Dentsply Sirona Inc., Mitsubishi Chemical Holdings Corporation, Avient Corporation, Zeus Industrial Products Inc., Kulzer GmbH, Kaman Corporation, Den-Mat Holdings LLC, Ivoclar Vivadent Inc., Tokuyama Dental Corporation Inc., Quantum Composites Inc., Teijin Limited, Dental Technologies Inc.

In June 2021, The Gund Company Inc., a USA-based manufacturing company specializing in engineered material solutions acquired Power & Composite Technologies, LLC for an undisclosed amount. This acquisition would help The Gund Company to increase its product portfolio in medical composites and material solutions for medical devices. Power & Composite Technologies, LLC is a US-based company operating in medical composites.

The Medical Composites Global Market Report 2023 covers regional data on medical composites market size, medical composites market trends and drivers, opportunities, strategies, and medical composites market competitor analysis. The countries covered in the medical composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Medical composites refer to a combination of two or more materials that are distinctive from each other in terms of physical and chemical properties. The medical composites are used in diagnostic imaging, biological resurfacing of damaged areas, surgical applications, and dental implants.

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