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PRESS RELEASE
Published April 5, 2023
The qualitative report published by market intelligence data research on “Medical Composites Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Medical Composites market report offers the historical data for 2017 to 2022 and also makes available the forecast data from the year 2023 to 2029 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Medical Composites Market from a Global and Regional perspective.
The medical composites market was valued at USD 926 million in 2022 and is projected to reach USD 1,479 million by 2029, growing at a cagr 12.3% from 2023 to 2029.
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Top Key Players are covered in the Medical Composites Market Report:
3M (US),Royal DSM (Netherlands),Royal TenCtae,Toray Industries(Japan),Icotec (Switzerland),Mitsubishi Rayon (Japan),Composiflex (US),Vermont Composites (US),ACP Composites (US),Quatro Composites (US)
Recent Developments
In April 2019, 3M introduced Filtek Universal restorative composites product. The new product combines a unique shading system in an innovative material that not only provides efficiency but a highly esthetic and long-lasting result.
In March 2018, Toray Industries Inc. acquired TenCate Advanced Composites, a composites division of TenCate BV, for USD 1,091 million. This acquisition has helped the company to increase its market position in the carbon fiber composites market in various end-use industries, including medical.
In February 2016, Toray Carbon Magic (Thailand), a subsidiary of Toray Industry Inc. (Tokyo, Japan), opened a new manufacturing plant in Thailand. The plant is established to manufacture carbon fiber reinforced plastic parts for different markets, including healthcare. This new facility helped the company to provide composites products for medical applications such as wheelchairs and prosthetic limbs.
Regional Analysis:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
North America (NA) – US, Canada, and Mexico
Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
The Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa
North America held the largest market share in the medical composites market
North America region held the largest share in the global medical composites market in 2019. The presence of a number of medical composite manufacturers and medical device manufacturers in the US and Canada supports the high share of the North American region. North America ranked first in total healthcare spending in 2019. The consumption of medical composites in diagnostic imaging and surgical material applications in Europe is expected to drive the global medical composites market. North America has significant consumption of medical composite materials due to the rising number of manufacturing industries in the region. The medical composites market in this region is expected to grow rapidly during the forecast period due to the rising use of these materials for dental and diagnostic imaging applicatio
Market Segment Analysis:
The Medical Composites Market Report provides a preliminary review of the industry, definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed, and manufacturing strategies and fee systems are also analyzed.
Medical Composites Market Segmentation by Types:
Carbon
Ceramic
Glass Fiber
Medical Composites Market Segmentation by Applications:
Surgical Instruments
Implanted Tissue
Reagent Accessories
Other
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Significant Features and Key Highlights of the Medical Composites Market Reports:
– Detailed overview of The Medical Composites market.
– Changing market dynamics of the industry.
– In-depth market breakdown by Type, Application, etc.
– Historic, existing, and predictable market size in terms of extent and worth.
– Recent manufacturing trends and developments.
– Competitive landscape of The Medical Composites market.
– Approaches to significant performers and product help.
– Prospective and niche sectors/regions exhibiting promising growth.
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Detailed TOC of Medical Composites Market Research Report 2023 – 2029
Chapter 1 Medical Composites Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers and, Market data
Chapter 4 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 5 Global Production, Revenue (Value), Price Trend by Type and Region
Chapter 6 Global Market Analysis by Application
Chapter 7 Manufacturing Cost and, Gross profit Analysis
Chapter 8 Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 9 Marketing Strategy and, Status Analysis, Distributors/Traders
Chapter 10 Market Driving Effect Factors Analysis
Chapter 11 Global Medical Composites Market Trends and, Forecast
Chapter 12 Research Methodology
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will recognize how the Medical Composites market scenario changed across the globe during the pandemic, post-pandemic, and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transference, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. These factors negatively affected the market during the war.”
The Medical Composites Market report gives answers to the following:
- What guidelines are followed by key performers to contest this Covid-19 condition?
- What are the important matters drivers, opportunities, challenges, and dangers of the market?
- will face surviving?
- Which are the essential market players in the Medical Composites industry?
- What is the forecast compound annual growth rate (CAGR) of the global market for the duration of the forecast period (2023-2029)?
- What could be the anticipated value of the Medical Composites marketplace during the forecast period?
Customization:
The Medical Composites Market Report may well be modified to meet your detailed business essentials. Because we understand what our clients want, we provide up to 20% customization for any of our market intelligence data reports at no added cost to all of our Users.
Thanks for reading this article…!! you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.
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