Carbon fiber medical composites are used in surgical applications, owing to their chemical inertness and lightweight. In addition, medical composite made up of carbon fiber is utilized as a conjugation material in medical application as an alternative over metallic or polymeric materials. Medical cartilage is another device that is widely used in the medical sector. Carbon fiber medical composites help to promote biological resurfacing of damaged areas, making them suitable for use in medical cartilages. Open weave structure of carbon fiber medical composites promote cell growth between individual fiber material that in turn results in suitable repair. In addition, carbon fiber medical composites offer enhanced load-bearing capability, thus making them suitable to be used in artificial limbs. All these factors collectively surge the demand for medical composites, thereby augmenting the global market growth.
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However, production of medical composites involves complex process which in turn increase the cost of the product. In addition, shape of medical composites cannot be easily altered is the major factor that is anticipated to restrain the growth of the global market.
On the contrary, minimally invasive surgery (MIS) is that surgical procedure, which is performed with the use of incision surgical instruments and minimizes patient recovery time. Surge in demand for MIS has further created need for precision surgical instruments, which, in turn, has escalated the demand for medical composites.
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The global composites market analysis is done on the basis of fiber type, application, and region. Depending on fiber type, the market is divided into carbon fiber, glass fiber, and others. The applications covered in the study include diagnostic imaging, composite body implants, surgical instruments, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Impact Of Covid-19 On The Global Medical Composite Market:
- The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.
- The global medical composites market has been moderately affected due to COVID-19 pandemic. The major end-users of medical composites include dental, diagnostic, and surgical sectors. Medical composites are used in medical diagnostic devices and treatment owing to the ability of composites to promote the healing process and patient recovery process.
- Epoxy medical composites are used in medical imaging tables owing to high strength and low signal diminution for nuclear imaging property. In addition, medical composites can also be used in PET/CT diagnostic imaging devices.
- In addition, several consultancy firms are offering advisory services for those key players that are planning to expand their business and are offering financial support for startup medical composite manufacturing companies. For instance, Alpha Executive Advisory a German based consultancy firmed its agreement with AMAC that will offer financial support to startup companies.
Key Market Players:
- The 3M Company
- Kulzer GmbH
- IDC Composite International Inc
- Royal DSM N.V
- Zeus Industrial Products Inc
- CeramTec GmbH
- Toray Industries Inc
- Dentsply Sirona
- Composiflex Inc
- SGL Carbon SE
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Key Benefits for Vinyl ester Market:
- The report outlines the current market trends and future estimations of global medical composites market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
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