Medical Composites Market
Medical Composites Market Analysis by Carbon Fiber and Glass Fiber Medical Composites for Diagnostic Imaging, Body Implants, and Surgical Instruments from 2023 to 2033
Analysis of Medical Composites Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Medical Composites Market Growth Outlook (2023 to 2033)
The global medical composites market is estimated to reach a valuation of US$ 1.2 billion in 2023 and it is expected to grow at a CAGR of 9.0% to reach US$ 2.8 billion by the end of 2033.
The medical composites market is experiencing significant growth due to a combination of factors. One of the key drivers is the rising demand for advanced medical devices, which has fueled the need for more innovative and specialized materials.
Medical composites have emerged as a solution to this challenge due to the numerous advantages it offers over traditional materials such as metals and ceramics. These advantages include their biocompatibility, lighter weight, higher strength-to-weight ratio, and greater flexibility, making them an ideal choice for use in various medical applications.
As a result, medical composites have become increasingly popular among healthcare professionals, manufacturers, and consumers alike, driving growth in the market.
| Report Attribute | Detail |
|---|---|
| Medical Composites Market Size (2022A) | US$ 1.1 Billion |
| Estimated Market Value (2023E) | US$ 1.2 Billion |
| Forecasted Market Value (2033F) | US$ 2.8 Billion |
| Global Market Growth Rate (2023 to 2033) | 9.0% CAGR |
| U.S. Market Share (2023) | 84.2% |
| Germany Market Growth Rate (2023 to 2033) | 8.4% CAGR |
| Top Five Companies Market Share | 28.7% |
| Key Companies Profiled | 3M; ACP Composites INC.; DSM; Icotec AG; Jiangsu Aosheng Composite Material Hi-Tech CO. LTD; Mitsubishi Chemical Corporation; Toray Advanced Composites |
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Historic and Future Path for Medical Composites Market
The medical composites market is a rapidly growing industry that provides innovative solutions for a wide range of medical applications. Medical composites are materials made from two or more constituent materials with different properties, combined to create a new material with enhanced performance characteristics. They are widely used in various medical applications, including prosthetics, implants, and diagnostic equipment.
- Short Term (2023-2026): 3D printing enables the production of complex and customized medical devices and implants that can be tailored to specific patient needs. Medical composites offer several benefits, such as strength, durability, and biocompatibility, making them ideal for use in the manufacture of medical devices and implants. Hence, the demand for medical composites is expected to increase, in the coming years.
- Medium Term (2026-2029): Traditional materials used in medical devices and implants, such as metal and plastic, have negative environmental impacts. Eco-friendly medical composites, on the other hand, are made from renewable sources and are biodegradable, making them a more sustainable option. As awareness of environmental concerns increases, the demand for eco-friendly medical composites is expected to grow, creating new opportunities in the market.
- Long Term (2029-2033): With the rising demand for medical composites in various applications, including dental, orthopedic, and cardiovascular, manufacturers are investing heavily in research and development to develop new materials with improved properties. Innovations such as enhanced biocompatibility, greater strength and durability, and improved radiopacity are some of the key focus areas. This is expected to create new growth opportunities for market players in a long run.
Over the 2018 to 2022 historical period, the global medical composites market registered a CAGR of 8.6%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 9.0% CAGR between 2023 and 2033.
Market Dynamics Overview
“Integration of Nanotechnology in Medical Composites to Drive Growth”
Nanotechnology, the science of manipulating materials at the molecular and atomic levels, is rapidly transforming the medical composites industry by providing new growth opportunities. The integration of nanotechnology in medical composites enables the creation of materials with enhanced properties, including increased durability, improved mechanical strength, and better biocompatibility. This opens up new avenues for the development of next-generation medical devices and implants that can significantly improve patient care outcomes.
Further, the growing trend of miniaturization in medical devices is a significant growth factor driving the medical companies' market. The use of nanotechnology in medical composites has enabled the development of ultra-small devices with improved functionality, enabling minimally invasive procedures and reducing recovery times for patients.
Also, the lightweight and flexible nature of nanocomposites makes them ideal for wearable medical devices that can continuously monitor patients' health and transmit data to healthcare providers. Such factors are likely to drive the medical composites market during the forecast period.
“Rising Demand for Bioresorbable & Biocompatible Medical Composites Drives Market Growth”
The global market for medical composites is expected to grow significantly in the coming years, due to the rising demand for bioresorbable and biocompatible materials in the healthcare industry. Biocompatible materials are designed to interact with living tissues and cells in a way that does not produce any harmful effects, while bioresorbable materials are designed to be absorbed by the body over time, reducing the need for additional procedures to remove them.
Bioresorbable and biocompatible medical composites offer numerous advantages over traditional materials, including improved biocompatibility, reduced inflammation, and improved healing times. As a result, they are widely used in numerous medical applications, including implants, surgical instruments, and wound dressings. This has created new opportunities for manufacturers of medical composites, who are now developing innovative new products to meet this growing demand.
“Factors Restraining the Market Growth”
Medical composites are complex materials that require specialized manufacturing processes, making them more expensive than traditional materials such as metals and plastics. This limits their adoption in certain applications, particularly in regions where healthcare budgets are limited.
Regulatory approvals such as the US FDA's (Food and Drug Administration) approval process for medical devices and implants made from medical composites. The approval process requires rigorous testing and evaluation to ensure safety and efficacy, which is time-consuming and costly for manufacturers. This regulatory hurdle slows down the development and commercialization of medical composites, thereby affecting market growth.
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Country-wise Insights
What is the Market Scenario for Medical Composites in the U.S.?
The U.S. is a significant market for medical composites due to its advanced healthcare system and large patient population. The increasing demand for minimally invasive surgical procedures, the aging population, and the rising prevalence of chronic diseases are driving the growth of the medical composites market in the U.S.
The U.S. Department of Commerce has identified medical composites as a growing area of interest for U.S. businesses due to the increasing demand for advanced medical devices and implants. The use of medical composites in the healthcare sector is expected to increase due to the material's strength, durability, and biocompatibility.
The National Institutes of Health (NIH) has also identified medical composites as a growing area of interest for biomedical research. The NIH has funded several research projects to develop new medical composites for use in implants, prosthetics, and other medical devices. The NIH has noted that the use of medical composites will lead to improved patient outcomes and reduced healthcare costs.
Why is India a Lucrative Market for Medical Composites Manufacturers?
India has a gigantic population, which will ultimately increase the demand for better medical services and medical devices & implants to enhance the quality of life. This has created a significant market opportunity for medical composites manufacturers to develop and sell their products in the Indian market.
The Indian government is implementing various initiatives to promote the growth of the healthcare sector, which includes the use of advanced materials such as medical composites. The government's focus on improving healthcare infrastructure, increasing healthcare spending, and expanding access to healthcare services is expected to drive the demand for medical composites in the country.
Category-wise Insights
Why is Carbon Fiber Type in Medical Composites Dominating the Market?
Carbon fiber is a type of advanced material that is widely used in medical composites due to its unique properties, such as high strength, low weight, and biocompatibility. These properties make carbon fiber an ideal material for developing medical implants and devices that require high strength and stiffness while remaining lightweight.
One of the key advantages of carbon fiber is its excellent biocompatibility, which means that it is well tolerated by the human body and does not cause any adverse reactions. This makes it suitable for use in medical implants, where it can be integrated with other materials such as polymers to create composite materials that can withstand the stresses and strains of the body.
Carbon fiber is also highly durable and has excellent fatigue resistance, which means that it can withstand repeated loading and unloading without losing its strength or stiffness. This property makes it ideal for use in orthopedic implants, where the implant must bear weight and withstand repetitive loading over an extended period.
Moreover, carbon fiber is radiolucent, which means that it does not show up on X-rays or other imaging techniques. This makes it suitable for use in medical devices such as MRI machines, where the presence of metal components interferes with imaging and diagnostics.
Hence, the dominance of carbon fiber in medical composites is due to its unique properties such as high strength, low weight, biocompatibility, durability, fatigue resistance, and radiolucency. These properties make it an ideal material for developing medical implants and devices that can withstand the stresses and strains of the human body while remaining lightweight and invisible to imaging techniques.
Why Tissue Engineering Application of Medical Composites is Gaining Traction?
Tissue engineering is a rapidly growing field that involves the development of biological substitutes to replace damaged or diseased tissue. Medical composites, which are materials made from two or more distinct materials that have different physical or chemical properties, are becoming increasingly popular in tissue engineering applications.
Medical composites can be tailored to meet specific requirements, such as mechanical strength, flexibility, and biocompatibility. This allows for the creation of tissue-engineered constructs including scaffolds, implants, and drug-delivery systems that closely mimic natural tissues.
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Market Key Strategies Analysis
Companies in the medical composites market are forming strategic partnerships and collaborations to expand their market reach, develop new products, and enhance their capabilities. Also, companies in the medical composites market are investing heavily in research and development to develop new and innovative products that meet the specific needs of the medical industry.
For instance :
- In June 2021, Mitsubishi Chemical Advanced Materials opened a new production facility in China to meet the growing demand for medical composites in the Asia-Pacific region.
- In March 2021, Evonik Industries AG formed a strategic partnership with 4D Lifetec, a Dutch 3D bioprinting company, to develop new 3D-printable composites for use in medical applications.
- In February 2021, Avient Corporation (formerly PolyOne Corporation) acquired Composites Distribution, a distributor of composites materials, to expand its presence in the medical composites market.
- In January 2021, DSM launched a new line of Dyneema Purity medical-grade ultra-high molecular weight polyethylene (UHMWPE) fiber for use in medical devices such as orthopedic implants.
Fact.MR has provided detailed information about the price points of key manufacturers of medical composites positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Medical Composites Industry Research
-
By Fiber :
- Carbon
- Glass
- Others
-
By Application :
- Diagnostic Imaging
- Composite Body Implants
- Surgical Instruments
- Dental
- Tissue Engineering
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Fiber
- 7.1. Carbon
- 7.2. Glass
- 7.3. Others
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Diagnostic Imaging
- 8.2. Composite Body Implants
- 8.3. Surgical Instruments
- 8.4. Dental
- 8.5. Tissue Engineering
- 8.6. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. 3M Company
- 18.2. ACP Composites INC.
- 18.3. Composiflex
- 18.4. DSM
- 18.5. Icotec AG
- 18.6. Jiangsu Aosheng Composite Material Hi-Tech CO. LTD
- 18.7. Mitsubishi Chemical Corporation
- 18.8. Plastic Reinforcement Fabrics LTD
- 18.9. Polygon Company
- 18.10. PolyOne
- 18.11. Shanghai Cedar Composites Technology CO. LTD.
- 18.12. Toray Advanced Composites
- 18.13. Other Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million), By Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 03. Global Market Volume (Tons), By Region, 2018 to 2022
Table 04. Global Market Volume (Tons) and Forecast By Region, 2023 to 2033
Table 05. Global Market Value (US$ million), By Fiber, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 07. Global Market Volume (Tons), By Fiber, 2018 to 2022
Table 08. Global Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 09. Global Market Value (US$ million), By Application, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 11. Global Market Volume (Tons), By Application, 2018 to 2022
Table 12. Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 13. North America Market Value (US$ million), By Country, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 15. North America Market Volume (Tons), By Country, 2018 to 2022
Table 16. North America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 17. North America Market Value (US$ million), By Fiber, 2018 to 2022
Table 18. North America Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 19. North America Market Volume (Tons), By Fiber, 2018 to 2022
Table 20. North America Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 21. North America Market Value (US$ million), By Application, 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 23. North America Market Volume (Tons), By Application, 2018 to 2022
Table 24. North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 25. Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 26. Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 27. Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 28. Latin America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 29. Latin America Market Value (US$ million), By Fiber, 2018 to 2022
Table 30. Latin America Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 31. Latin America Market Volume (Tons), By Fiber, 2018 to 2022
Table 32. Latin America Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 33. Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 35. Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 36. Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 37. Europe Market Value (US$ million), By Country, 2018 to 2022
Table 38. Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 39. Europe Market Volume (Tons), By Country, 2018 to 2022
Table 40. Europe Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 41. Europe Market Value (US$ million), By Fiber, 2018 to 2022
Table 42. Europe Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 43. Europe Market Volume (Tons), By Fiber, 2018 to 2022
Table 44. Europe Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 45. Europe Market Value (US$ million), By Application, 2018 to 2022
Table 46. Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 47. Europe Market Volume (Tons), By Application, 2018 to 2022
Table 48. Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 49. East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 50. East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 51. East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 52. East Asia Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 53. East Asia Market Value (US$ million), By Fiber, 2018 to 2022
Table 54. East Asia Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 55. East Asia Market Volume (Tons), By Fiber, 2018 to 2022
Table 56. East Asia Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 57. East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 58. East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 59. East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 60. East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 61. South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 63. South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 65. South Asia & Oceania Market Value (US$ million), By Fiber, 2018 to 2022
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 67. South Asia & Oceania Market Volume (Tons), By Fiber, 2018 to 2022
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 69. South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 71. South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 73. MEA Market Value (US$ million), By Country, 2018 to 2022
Table 74. MEA Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 75. MEA Market Volume (Tons), By Country, 2018 to 2022
Table 76. MEA Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 77. MEA Market Value (US$ million), By Fiber, 2018 to 2022
Table 78. MEA Market Value (US$ million) and Forecast By Fiber, 2023 to 2033
Table 79. MEA Market Volume (Tons), By Fiber, 2018 to 2022
Table 80. MEA Market Volume (Tons) and Forecast By Fiber, 2023 to 2033
Table 81. MEA Market Value (US$ million), By Application, 2018 to 2022
Table 82. MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 83. MEA Market Volume (Tons), By Application, 2018 to 2022
Table 84. MEA Market Volume (Tons) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Fiber, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Fiber, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 09. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Fiber, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Fiber, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 17. North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 18. North America Market Attractiveness Analysis By Fiber, 2023 to 2033
Figure 19. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22. Latin America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 23. Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Fiber, 2023 & 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Fiber, 2023 to 2033
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 28. Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 29. Latin America Market Attractiveness Analysis By Fiber, 2023 to 2033
Figure 30. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. Europe Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 34. Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 35. Europe Market Value (US$ million) and Volume (Tons) By Fiber, 2023 & 2033
Figure 36. Europe Market Y-o-Y Growth Rate By Fiber, 2023 to 2033
Figure 37. Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 39. Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 40. Europe Market Attractiveness Analysis By Fiber, 2023 to 2033
Figure 41. Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44. East Asia Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 45. East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 46. East Asia Market Value (US$ million) and Volume (Tons) By Fiber, 2023 & 2033
Figure 47. East Asia Market Y-o-Y Growth Rate By Fiber, 2023 to 2033
Figure 48. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 50. East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 51. East Asia Market Attractiveness Analysis By Fiber, 2023 to 2033
Figure 52. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Fiber, 2023 & 2033
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Fiber, 2023 to 2033
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 61. South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Fiber, 2023 to 2033
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66. MEA Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 67. MEA Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 68. MEA Market Value (US$ million) and Volume (Tons) By Fiber, 2023 & 2033
Figure 69. MEA Market Y-o-Y Growth Rate By Fiber, 2023 to 2033
Figure 70. MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 71. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 72. MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 73. MEA Market Attractiveness Analysis By Fiber, 2023 to 2033
Figure 74. MEA Market Attractiveness Analysis By Application, 2023 to 2033
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- FAQs -
What is the Global Medical Composites Market Size?
The global medical composites market is expected to be valued at US$ 1.2 billion in 2023.
How is the Market for Medical Composites Expected to Fare Going Forward?
Worldwide demand for medical composites is expected to reach US$ 2.8 billion by 2033-end.
How did the Market Perform Over the Last Few Years?
During 2018-2022, the growth rate for the medical composites market was 8.6%.
Which Regional Medical Composites Market Accounts for a Leading Market Share?
North America is the crown of the global medical composites market accounting for 25.0% market share.
Which Country in North America Rules the Medical Composites Market?
The U.S. has a prominent share in the medical composites market in the North American region.
Medical Composites Market