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How has the medical composites market grown in recent years?

In recent times, there has been a swift expansion in the medical composites market size. This market is projected to increase from $1.43 billion in 2024 to around $1.61 billion in 2025, registering a compound annual growth rate (CAGR) of 12.5%. The significant development during the historical period is ascribed to factors such as orthopedic applications, an aging population, trauma and sports injuries, regulatory adherence, and patient-oriented care.

How is the medical composites market size expected to evolve during the forecast period?

In the coming years, the medical composites market is anticipated to witness a swift expansion. By 2029, it is projected to escalate to a worth of $2.78 billion, exhibiting a compound annual growth rate (CAGR) of 14.6%. The accelerated growth during the forecast period can be credited to factors such as personalized implants, additive manufacturing, the surge in telehealth services, regenerative medicine, and biocompatible nanocomposites. The forecast period will be marked by significant trends that include customized 3D-printed implants, remote monitoring, intelligent composite materials, sustainability, eco-friendly materials, and wearable health devices.

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Which key drivers are propelling the medical composites market’s growth?

The medical composites market is projected to grow, driven by the surge in demand from the healthcare industry. This sector encompasses entities offering medical and clinical services, creating medical devices and drugs, and providing health insurance to cover patients’ disease treatment. The growing requirement for medical tools results in the increased demand for medical composites within the healthcare sector. For instance, MedTech Europe, a European trade association in Belgium that advocates for the medical technology field, stated in September 2022 that an average of about 11% of Europe’s GDP is dedicated to healthcare. Of this percentage, close to 7.6% is used for medical technologies. Investment in medical technology throughout European nations varies, ranging from roughly 5% to 12% of all healthcare spending. The expenditure per person for medical technology in Europe is roughly $346.08 (€284). As such, the rise in demand from the healthcare industry for medical composites fuels the expansion of the medical composites market.

What are the market segments in the medical composites industry?

The medical composites market covered in this report is segmented –

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

Subsegments:

1) By Carbon Fiber: Continuous Carbon Fiber, Short Carbon Fiber, Carbon Fiber Reinforced Polymers (CFRP)

2) By Ceramic Fiber: Alumina Fiber, Zirconia Fiber, Silicon Carbide Fiber

3) By Other Fiber Types: Glass Fiber, Natural Fiber, Aramid Fiber

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Which leading companies are shaping the growth of the medical composites market?

Major companies operating in the medical composites market include 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., Koninklijke DSM N.V., Fillauer LLC, Getinge Group, Hill-Rom Holdings Inc., icotec AG, Johns Manville Corp., Nippon Sheet Glass Co. Ltd., Ossur, Ottobock SE & Co. KGaA, Owens Corning, Park Aerospace Corp., Shofu Inc., Taishan Fibreglass South Africa (Pty) Ltd, Fiber Materials Inc., Stryker Corporation

What key trends are currently impacting the medical composites market’s development?

Trend 1 showcases technological progress as a predominant trend emerging in the medical composite market. Major players in this market are concentrating on devising innovative technological solutions to fortify their market presence. For instance, Nobio, a pioneer in medical composites based in Israel, unveiled Infinix, an avant-garde assortment of superior antimicrobial restorative materials in February 2022. These materials were devised to tackle persistent deterioration. The new QASi antimicrobial particle technology of Nobio is incorporated in the infinix system and is applicable in the universal and flowable composites as well as the universal bonding system. The newly introduced restorative materials incorporating QASi antimicrobial particle technology are employed to thwart tooth demineralization, facilitate enduring bacterial inhibition at the restorative edges, and mitigating the risk of restoration failure due to secondary caries.

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Which geographic areas are influencing the growth of the medical composites market?

North America was the largest region in the medical composites market in 2024. The regions covered in the medical composites market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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