Medical Composites Market by Fiber Type (Carbon, Ceramic, Glass Fiber), Application (Diagnostic Imaging, Composites Body Implants, Surgical Instruments, Dental, Microsphere, Tissue Engineering) - Global Forecast to 2021

  • ID: 3952300
  • Report
  • Region: Global
  • 130 Pages
  • Markets and Markets
1 of 6
The Medical Composites Market Size is Projected to Reach USD 934.7 Million by 2021, at a CAGR of 7.10% Between 2016 and 2021

FEATURED COMPANIES

  • 3M
  • ACP Composites Inc.
  • Composiflex Inc.
  • Icotec AG
  • Mitsubishi Rayon Co. Ltd.
  • Quatro Composites LCC
  • MORE

"Medical composites market projected to register a CAGR of 7.10% during forecast period"

The medical composites market size is projected to reach USD 934.7 million by 2021, at a CAGR of 7.10% between 2016 and 2021. The major driver stimulating the medical composites market is high demand from diagnostic imaging. Medical composites are thermal resistant and exhibit very low moisture absorption, which are ideal for surgical and other medical equipment. Over the last few years, there has been a significant increase in the use of composites for implant devices due to their excellent strength, toughness, and bio-inert properties. High cost of carbon fiber and stringent regulatory laws are restraining the growth of the medical composites market.

"Medical composites market projected to witness highest growth in diagnostic imaging application segment, in terms of value"

The key drivers of the medical composites market is increasing applications in patient imaging tables and accessories used in X-ray, computerized tomography (CT), magnetic resonance imaging (MRI) systems, positron emission tomography (PET) and other diagnostic devices. Medical composites are used in this applications for their properties such as radiolucency, lightweight, and resistance to high temperatures

"North America is the fastest-growing market for medical composites"

North America is projected to be the fastest-growing market for medical composites in the next five years. The market in this region is driven by increasing consumption of medical composites in various applications such as composite body implants, diagnostic imaging, and dental. The U.S. leads the market in North America.

This study has been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

  • By company type - Tier 1 - 40%, Tier 2 - 33%, and Tier 3 - 27%
  • By designation - C Level - 4%, Director Level - 15%, and Others - 45%
  • By region - North America - 15%, Europe - 55%, Asia-Pacific - 30%.

The report provides a comprehensive analysis of the companies listed below:

  • 3M (U.S.)
  • Royal DSM (Netherlands)
  • Royal TenCtae N.V.
  • Toray Industries Inc. (Japan)
  • Icotec Ag (Switzerland)
  • Mitsubishi Rayon Co. Ltd. (Japan)
  • Composiflex Inc. (U.S.)
  • Vermont Composites Inc. (U.S.)
  • ACP Composites Inc. (U.S.)
  • Quatro Composites LLC (U.S.)

Scope of the Report

This report covers the market of medical composites and forecasts the market size till 2021. The report includes market segmentation on the basis of fiber type (carbon fiber, ceramic fiber, and others), application (diagnostic imaging, surgical instruments, composite body implants, dental, engineering, and others), and region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The drivers, restraints, challenges, and opportunities of the market have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major market players in the medical composites market.

Reasons to buy the report:

The report will help market leaders/new entrants in this market in the following ways:

1. This report segments the medical composites market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.

2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders better understand the competitor and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, exhibitions, and mergers & acquisitions.

READ MORE
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • 3M
  • ACP Composites Inc.
  • Composiflex Inc.
  • Icotec AG
  • Mitsubishi Rayon Co. Ltd.
  • Quatro Composites LCC
  • MORE
1 Introduction

    1.1 Objectives of the Study

    1.2 Market Definition

    1.3 Market Scope

           1.3.1 Markets Covered

           1.3.2 Years Considered for the Study

    1.4 Currency

    1.5 Limitations

    1.6 Stakeholders

2 Research Methodology

    2.1 Research Data

           2.1.1 Secondary Data

                    2.1.1.1 Key Data From Secondary Sources

           2.1.2 Primary Data

                    2.1.2.1 Key Data From Primary Sources

                    2.1.2.2 Key Industry Insights

                    2.1.2.3 Breakdown of Primary Interviews

    2.2 Market Size Estimation

           2.2.1 Bottom-Up Approach

           2.2.2 Top-Down Approach

    2.3 Data Triangulation

           2.3.1 Research Assumptions

3 Executive Summary

4 Premium Insights

    4.1 Significant Growth Opportunities for the Medical Composites Market

    4.2 Medical Composites Market, By Application

    4.3 Medical Composites Market Share,  By Region and Application, 2015

    4.4 Medical Composites Market, By Country

    4.5 Medical Composites Market, By Fiber Type

5 Market Overview

    5.1 Introduction

    5.2 Market Segmentation

           5.2.1 Medical Composites Market, By Fiber Type

           5.2.2 Medical Composites Market, By Application

    5.3 Market Dynamics

           5.3.1 Drivers

                    5.3.1.1 Increasing Demand for Lightweight and Radiolucent Material

           5.3.2 Restraints

                    5.3.2.1 Stringent Regulations By the Food and Drug Administration (FDA) and Other Regional Regulations

                    5.3.2.2 High Cost of Carbon Fiber

           5.3.3 Opportunities

                    5.3.3.1 Evolution of Novel Materials

                    5.3.3.2 Emergence of Biodegradable Composites for Medical Implants

           5.3.4 Challenges

                    5.3.4.1 Need for Reducing the Cost of Carbon Fiber

    5.4 Porter’s Five Forces Analysis

           5.4.1 Threat of New Entrants

           5.4.2 Threat of Substitutes

           5.4.3 Bargaining Power of Suppliers

           5.4.4 Bargaining Power of Buyers

           5.4.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends

    6.1 Introduction

    6.2 Trends and Forecast of GDP

    6.3 Per Capita GDP vs Per Capita Composite Materials Demand

    6.4 Increasing Global Demand for Surgical Instruments and Composite Body Implants

    6.5 Healthcare Spending

7 Medical Composites Market, By Fiber Type

    7.1 Introduction

    7.2 Carbon Fiber

    7.3 Ceramic Fiber

    7.4 Other Fibers

           7.4.1 Glass Fiber

8 Medical Composites Market, By Application

    8.1 Introduction

    8.2 Diagnostic Imaging

    8.3 Composite Body Implants

    8.4 Surgical Instruments

    8.5 Dental

    8.6 Other Applications

           8.6.1 Microspheres

           8.6.2 Tissue Engineering

9 Medical Composites Market, By Region

    9.1 Introduction

    9.2 North America

           9.2.1 U.S.

           9.2.2 Canada

    9.3 Europe

           9.3.1 Germany

           9.3.2 France

           9.3.3 Italy

           9.3.4 Austria

           9.3.5 Netherlands

           9.3.6 Sweden

           9.3.7 Spain

    9.4 Asia-Pacific

           9.4.1 China

           9.4.2 India

           9.4.3 Japan

           9.4.4 South Korea

           9.4.5 Australia & New Zealand

    9.5 Middle East & Africa (ME&A)

           9.5.1 UAE

           9.5.2 South Africa

    9.6 Latin America

           9.6.1 Brazil

           9.6.2 Mexico

10 Competitive Landscape

     10.1 Overview

     10.2 Investment & Expansion: the Most Popular Growth Strategy

     10.3 Maximum Developments in 2013

     10.4 Market Share of Key Players

             10.4.1 Royal DSM

             10.4.2 Icotec AG.

             10.4.3 3M

     10.5 Key Growth Strategies

             10.5.1 Expansion

             10.5.2 Partnership, Joint Ventures & Agreements

             10.5.3 Mergers & Acquisitions

             10.5.4 New Product Launches

11 Company Profiles
(Overview, Financial - , Products & Services, Strategy, and Developments)

     11.1 3M

     11.2 Royal DSM

     11.3 Royal Tencate N.V.

     11.4 Toray Industries Inc.

     11.5 Icotec AG

     11.6 Mitsubishi Rayon Co. Ltd.

     11.7 Composiflex Inc.

     11.8 Vermont Composites Inc.

     11.9 ACP Composites Inc.

     11.10 Quatro Composites LCC
  • Details Might Not Be Captured in Case of Unlisted Companies.
List of Tables

Table 1 Medical Composites Market Size, 2014-2021 (Value and Volume)
Table 2 Trends and Forecast of GDP, USD Billion (2015-2021)
Table 3 Per Capita GDP vs Per Capita Composite Materials Demand, 2015
Table 4 Medical Composites Market Size, By Fiber Type, 2014-2021 (USD Million)
Table 5 Medical Composites Market Size, By Fiber Type, 2014-2021 (Ton)
Table 6 Carbon Fiber Based Medical Composites Market Size, By Region, 2014-2021 (USD Million)
Table 7 Carbon Fiber Based Medical Composites Market Size, By Region, 2014-2021 (Ton)
Table 8 Ceramic Fiber Based Medical Composites Market Size, By Region, 2014-2021 (USD Million)
Table 9 Ceramic Fiber Based Medical Composites Market Size, By Region, 2014-2021 (Ton)
Table 10 Other Fiber Based Medical Composites Market Size, By Region, 2014-2021 (USD Million)
Table 11 Others Fiber Based Medical Composites Market Size, By Region, 2014-2021 (Ton)
Table 12 Medical Composites Market Size, By Application, 2014-2021 (USD Million)
Table 13 Medical Composites Market Size, By Application, 2014-2021 (Ton)
Table 14 Medical Composites Market Size in Diagnostic Imaging Application, By Region, 2014-2021 (USD Million)
Table 15 Medical Composites Market Size in Diagnostic Imaging Application, By Region, 2014-2021 (Ton)
Table 16 Medical Composites Market Size in Diagnostic Imaging Application, By Fiber Type, 2014-2021 (USD Million)
Table 17 Medical Composites Market Size in Diagnostic Imaging Application, By Fiber Type, 2014-2021 (Ton)
Table 18 Medical Composites Market Size in Composite Body Implants Application, By Region, 2014-2021 (USD Million)
Table 19 Medical Composites Market Size in Composite Body Implants Application, By Region, 2014-2021 (Ton)
Table 20 Medical Composites Market Size in Composite Body Implants Application, By Fiber Type, 2014-2021 (USD Million)
Table 21 Medical Composites Market Size in Composite Body Implants Application, By Fiber Type, 2014-2021 (Ton)
Table 22 Medical Composites Market Size in Surgical Instruments Application, By Region, 2014-2021 (USD Million)
Table 23 Medical Composites Market Size in Surgical Instruments Application, By Region, 2014-2021 (Ton)
Table 24 Medical Composites Market Size in Surgical Instruments Application, By Fiber Type, 2014-2021 (USD Million)
Table 25 Medical Composites Market Size in Surgical Instruments Application, By Fiber Type, 2014-2021 (Ton)
Table 26 Medical Composites Market Size in Dental Application, By Region, 2014-2021 (USD Million)
Table 27 Medical Composites Market Size in Dental Application, By Region, 2014-2021 (Ton)
Table 28 Medical Composites Market Size in Dental Application, By Fiber Type, 2014-2021 (USD Million)
Table 29 Medical Composites Market Size in Dental Application, By Fiber Type, 2014-2021 (Ton)
Table 30 Medical Composites Market Size in Other Applications, By Region, 2014-2021 (USD Million)
Table 31 Medical Composites Market Size in Other Applications, By Region, 2014-2021 (Ton)
Table 32 Medical Composites Market Size in Other Applications, By Fiber Type, 2014-2021 (USD Million)
Table 33 Medical Composites Market Size in Other Applications, By Fiber Type, 2014-2021 (Ton)
Table 34 Medical Composites Market Size, By Region, 2014-2021 (USD Million)
Table 35 Medical Composites Market Size, By Region, 2014-2021 (Ton)
Table 36 North America: Medical Composites Market Size, By Country, 2014-2021 (USD Million)
Table 37 North America: Medical Composites Market Size, By Country, 2014-2021 (Ton)
Table 38 North America: Medical Composites Market Size, By Application, 2014-2021 (USD Million)
Table 39 North America: Medical Composites Market Size, By Application, 2014-2021 (Ton)
Table 40 North America: Medical Composites Market Size, By Fiber Type, 2014-2021 (USD Million)
Table 41 North America: Medical Composites Market Size, By Fiber Type, 2014-2021 (Ton)
Table 42 Europe: Medical Composites Market Size, By Country, 2014-2021 (USD Million)
Table 43 Europe: Medical Composites Market Size, By Country, 2014-2021 (Ton)
Table 44 Europe: Medical Composites Market Size, By Application, 2014-2021 (USD Million)
Table 45 Europe: Medical Composites Market Size, By Application, 2014-2021 (Ton)
Table 46 Europe: Medical Composites Market Size, By Fiber Type, 2014-2021 (USD Million)
Table 47 Europe: Medical Composites Market Size, By Fiber Type, 2014-2021 (Ton)
Table 48 Asia-Pacific: Medical Composites Market Size, By Country, 2014-2021 (USD Million)
Table 49 Asia-Pacific: Medical Composites Market Size, By Country, 2014-2021 (Ton)
Table 50 Asia-Pacific: Medical Composites Market Size, By Application, 2014-2021 (USD Million)
Table 51 Asia-Pacific: Medical Composites Market Size, By Application, 2014-2021 (Ton)
Table 52 Asia-Pacific: Medical Composites Market Size, By Fiber Type, 2014-2021 (USD Million)
Table 53 Asia-Pacific: Medical Composites Market Size, By Fiber Type, 2014-2021 (Ton)
Table 54 ME&A: Medical Composites Market Size, By Country, 2014-2021 (USD Million)
Table 55 ME&A: Medical Composites Market Size, By Country, 2014-2021 (Ton)
Table 56 ME&A: Medical Composites Market Size, By Application, 2014-2021 (USD Million)
Table 57 ME&A: Medical Composites Market Size, By Application, 2014-2021 (Ton)
Table 58 ME&A: Medical Composites Market Size, By Fiber Type, 2014-2021 (USD Million)
Table 59 ME&A: Medical Composites Market Size, By Fiber Type, 2014-2021 (Ton)
Table 60 Latin America: Medical Composites Market Size, By Country, 2014-2021 (USD Million)
Table 61 Latin America: Medical Composites Market Size, By Country, 2014-2021 (Ton)
Table 62 Latin America: Medical Composites Market Size, By Application, 2014-2021 (USD Million)
Table 63 Latin America: Medical Composites Market Size, By Application, 2014-2021 (Ton)
Table 64 Latin America: Medical Composites Market Size, By Fiber Type, 2014-2021 (USD Million)
Table 65 Latin America: Medical Composites Market Size, By Fiber Type, 2014-2021 (Ton)
Table 66 Expansion, 2012-2016
Table 67 Partnership, Agreements & Partnerships, 2012-2016
Table 68 Product Launches, 2012-2016

List of Figures

Figure 1 Medical Composites Market Segmentation
Figure 2 Years Considered for the Study
Figure 3 Medical Composites Market: Research Methodology
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Diagnostic Imaging to Drive Medical Composites Market
Figure 8 U.S. to Be the Fastest-Growing Medical Composites Market in North America (2016-2021)
Figure 9 Carbon Fibre to Dominate the Medical Market During the Forecast Period
Figure 10 Europe Dominated the Medical Composites Market, By Value (2015)
Figure 11 Medical Composites Market to Grow at A High Pace During the Forecast Period
Figure 12 Diagnostic Imaging to Be the Fastest Growing Application Segment of Medical Composites Market During the Forecast Period
Figure 13 Diagnostic Imaging: the Largest Market for Medical Composites, in Terms of Value
Figure 14 Germany to Be the Fastest-Growing Market, 2016-2021
Figure 15 Carbon Fiber to Be the Fastest-Growing Fiber Type in Medical Composites Market
Figure 16 Drivers, Restraints, Opportunities, and Challenges of the Medical Composites Market
Figure 17 Porter’s Five Forces Analysis: Medical Composites Market
Figure 18 Trends and Forecast of GDP, USD Billion (2016-2021)
Figure 19 Per Capita GDP vs Per Capita Composite Materials Demand
Figure 20 Healthcare Spending, By Region (% of GDP in 2016)
Figure 21 Proportion of Aged Population (% of Total Population) 2000 vs 2015
Figure 22 Carbon Fiber to Dominate the Medical Composites Market, 2016-2021
Figure 23 Europe is Largest Market for Ceramic Fiber Based Medical Composites, By Volume
Figure 24 Medical Composites Market in Diagnostic Imaging Application to Witness Highest Growth Between 2016 to 2021
Figure 25 Europe to Dominate the Medical Composites Market in Body Implants Application During the Forecast Period
Figure 26 Carbon Fiber Medical Composites Market Expected to Grow at A High Rate in Dental Application Between 2016 to 2021
Figure 27 Germany to Drive the Medical Composites Market in Europe
Figure 28 U.S. is the Most Lucrative Market in North America
Figure 29 Germany is the Fastest-Growing Medical Composites Market in Europe
Figure 30 Japan is the Biggest Medical Composites Market in Asia-Pacific
Figure 31 Companies Adopted Investment & Expansion as the Key Growth Strategy Between 2012 and 2016 (August)
Figure 32 Major Growth Strategies in the Medical Composites Market, 2012-2016
Figure 33 Developments in the Medical Composites Market 2012-2016
Figure 34 Royal DSM: the Largest Company in the Medical Composites Market
Figure 35 3M : Company Snapshot
Figure 36 3M: SWOT Analysis
Figure 37 Royal DSM: Company Snapshot
Figure 38 Royal DSM: SWOT Analysis
Figure 39 Royal Tencate N.V. : Company Snapshot
Figure 40 Royal Tencate N.V. : SWOT Analysis
Figure 41 Toray Industries, Inc.: Company Snapshot
Figure 42 Toray Industries Inc.: SWOT Analysis
Figure 43 Mitsubishi Rayon Co. Ltd.: Company Snapshot
Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6
5 of 6
  • 3M
  • ACP Composites Inc.
  • Composiflex Inc.
  • Icotec AG
  • Mitsubishi Rayon Co. Ltd.
  • Quatro Composites LCC
  • Royal DSM
  • Royal Tencate N.V.
  • Toray Industries Inc.
  • Vermont Composites Inc.
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
Adroll
adroll