Market Overview:
The global carbon fiber medical composites market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for carbon fiber medical composites from various application segments such as diagnostic imaging, composites body implants, and surgical instruments. In addition, the growing awareness about the benefits of using carbon fiber medical composites is also contributing to the growth of this market. Based on type, thermosetting type is expected to account for a larger share of the global carbon fiber medical composites market than thermoplastic type during the forecast period. Thermosetting types are preferred over thermoplastic types due to their superior mechanical properties and resistance against heat and chemicals. Based on application, diagnostic imaging is expected to account for a larger share of the global carbon fiber medical composites market than other applications during the forecast period.
Product Definition:
Carbon fiber medical composites are materials that are made up of carbon fibers and a polymer matrix. The carbon fibers provide strength and stiffness, while the polymer matrix provides toughness and impact resistance. Carbon fiber medical composites can be used to make a variety of medical devices, including surgical implants, prosthetic devices, and wound dressings.
Thermosetting Type:
Thermosetting type is a polymer that changes its physical and chemical properties when heated or cooled. These polymers are cross-linked by heat, catalysts, or chemicals. The change in the molecular structure of the polymer leads to unique mechanical and thermal properties not found in thermoplastics.
Thermoplastic Type:
Thermoplastic type is a category of polymers that are in the form of solid, semi-solid or liquid. They have high molecular weight and low viscosity which makes them easy to process and handle. Thermoplastic has higher glass transition temperature than thermoset polymer hence it can be easily molded into different shapes whereas thermoset cannot be reshaped after being molded.
Application Insights:
The composites body implants segment dominated the global market in terms of revenue share in 2017. This is attributed to increasing demand for carbon fiber reinforced plastics as implant materials owing to their excellent properties such as low weight, high strength and stiffness, corrosion resistance and non-toxic nature.
Diagnostic imaging was the second largest application segment in 2017. The growth can be attributed to growing usage of CEMs for manufacturing radiation hardened components that are used for diagnostic imaging devices such as X-ray tubes and CT scanners across the globe. In addition, rising R&D activities pertaining to development of novel composite materials with superior characteristics suitable for use in diagnostic imaging is also expected to propel industry growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The presence of major players, advanced healthcare infrastructure and high adoption rate for technologically advanced products are some of the factors contributing to its growth.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing to rising disposable income levels coupled with growing health awareness among people leading to an increase in demand for medical services. Moreover, government initiatives encouraging R&D activities pertaining to healthcare innovations are anticipated boost regional growth over the next eight years.
Latin America also presents lucrative opportunities due both primary.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Carbon fiber medical composites are increasingly being used in minimally invasive surgeries as they offer excellent strength-to-weight ratio and stability. This is driving the growth of the carbon fiber medical composites market.
- Growing demand for implantable devices: The growing demand for implantable devices, such as pacemakers and stents, is fueling the growth of the carbon fiber medical composites market. Carbon fiber medical composites are being increasingly used in these devices as they offer superior mechanical properties and biocompatibility.
- Rising prevalence of chronic diseases: The rising prevalence of chronic diseases, such as cancer and heart disease, is leading to an increase in the number of surgical procedures performed each year globally. This is driving the growth of the carbon fiber medical composites market as these materials are extensively used in surgical implants and instruments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Fiber Medical Composites Market Research Report
By Type
Thermosetting Type, Thermoplastic Type
By Application
Diagnostic Imaging, Composites Body Implants, Surgical Instruments
By Companies
Toray, Teijin, SGL Carbon, Ensinger, Victrex, Topkey Group, Jisdom, Aosheng Composite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Fiber Medical Composites Market Report Segments:
The global Carbon Fiber Medical Composites market is segmented on the basis of:
Types
Thermosetting Type, Thermoplastic Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diagnostic Imaging, Composites Body Implants, Surgical Instruments
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toray
- Teijin
- SGL Carbon
- Ensinger
- Victrex
- Topkey Group
- Jisdom
- Aosheng Composite
Highlights of The Carbon Fiber Medical Composites Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermosetting Type
- Thermoplastic Type
- By Application:
- Diagnostic Imaging
- Composites Body Implants
- Surgical Instruments
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carbon Fiber Medical Composites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carbon fiber medical composites are materials that are composed of carbon fibers and other polymer materials. These materials can be used to create products that have a variety of applications, including medical devices and implants. Carbon fiber medical composites can be made from a variety of different types of carbon fibers, which means they can be tailored to specific needs.
Some of the major companies in the carbon fiber medical composites market are Toray, Teijin, SGL Carbon, Ensinger, Victrex, Topkey Group, Jisdom, Aosheng Composite.
The carbon fiber medical composites market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbon Fiber Medical Composites Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carbon Fiber Medical Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbon Fiber Medical Composites Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carbon Fiber Medical Composites Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carbon Fiber Medical Composites Market Size & Forecast, 2020-2028
4.5.1 Carbon Fiber Medical Composites Market Size and Y-o-Y Growth
4.5.2 Carbon Fiber Medical Composites Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Thermosetting Type
5.2.2 Thermoplastic Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Diagnostic Imaging
6.2.2 Composites Body Implants
6.2.3 Surgical Instruments
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbon Fiber Medical Composites Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carbon Fiber Medical Composites Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Thermosetting Type
9.6.2 Thermoplastic Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Diagnostic Imaging
9.10.2 Composites Body Implants
9.10.3 Surgical Instruments
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Thermosetting Type
10.6.2 Thermoplastic Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Diagnostic Imaging
10.10.2 Composites Body Implants
10.10.3 Surgical Instruments
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Thermosetting Type
11.6.2 Thermoplastic Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Diagnostic Imaging
11.10.2 Composites Body Implants
11.10.3 Surgical Instruments
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Thermosetting Type
12.6.2 Thermoplastic Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Diagnostic Imaging
12.10.2 Composites Body Implants
12.10.3 Surgical Instruments
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Thermosetting Type
13.6.2 Thermoplastic Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Diagnostic Imaging
13.10.2 Composites Body Implants
13.10.3 Surgical Instruments
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carbon Fiber Medical Composites Market: Competitive Dashboard
14.2 Global Carbon Fiber Medical Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toray
14.3.2 Teijin
14.3.3 SGL Carbon
14.3.4 Ensinger
14.3.5 Victrex
14.3.6 Topkey Group
14.3.7 Jisdom
14.3.8 Aosheng Composite
