Market Overview:
The global medical carbon fiber market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for medical carbon fiber products from orthopedic clinics, radiology clinics, and emergency departments. Additionally, the growing awareness about the benefits of using medical carbon fiber products is also contributing to the growth of this market. North America dominates the global medical carbon fiber market and is expected to maintain its dominance during the forecast period.
Product Definition:
Medical Carbon Fiber is a fiber made of carbon that has been used in medical implants and devices since the early 1990s. The fiber is inert, meaning it doesn't cause inflammation or harm to the body, which makes it ideal for use in medical implants. Medical Carbon Fiber is also strong and lightweight, making it a good choice for implants that need to be durable and portable. Some common uses of Medical Carbon Fiber include surgical mesh, stents, and bone grafts.
Medical Bed Board:
The global medical bed board market size was valued at USD 5.6 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing prevalence of spinal cord injuries, orthopedic conditions & neurological disorders are the major growth drivers for this industry.
Artificial Limb:
Artificial limb is a prosthetic device used by amputees. It consists of two parts, namely the socket and the bone. The most common type of artificial limb is a wooden one that has been coated with black rubber to make it look like a real one. The sockets are made up of different materials such as plastic, aluminum alloy or titanium depending upon the need and preference of patients.
Application Insights:
The orthopedic clinic held the largest share of revenue in 2017. The growth is attributed to the rising number of surgeries for trauma and arthritis, which require immobilization of the affected body part until surgery. Carbon fiber based medical beds are highly preferred in such clinics as these beds provide excellent support to reduce pain and facilitate easy movement, thereby increasing their adoption rate among other applications.
Medical imaging is anticipated to grow at a lucrative CAGR during the forecast period owing to increased use of X-ray films and computers for analyzing images taken by radiologists. Rising demand for advanced equipment along with technological advancements that enhance its performance is expected fuel product demand over the next eight years or so.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high adoption rate of advanced medical devices and instruments, and favorable reimbursement policies are some factors driving regional growth. For instance, Medicare Part A covers a maximum of 80% cost for hospital beds used for acute care patients as compared to 30% cost covered under private insurance.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing government initiatives pertaining to quality healthcare services delivery coupled with rising awareness regarding advanced products in rural areas. Moreover, an increase in medical tourism due to affordable treatment options is anticipated to boost demand for carbon fiber bed boards across this region during the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical carbon fiber market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which require smaller incisions and result in less pain and scarring. Carbon fibers are increasingly being used in surgical implants and tools as they are biocompatible and help reduce tissue damage.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, heart disease, and diabetes is rising rapidly, leading to an increase in the demand for advanced medical treatments such as carbon fiber-based implants and devices. Carbon fibers offer several advantages over traditional materials such as metal or plastic, including superior strength-to-weight ratio and resistance to corrosion.
- Growing popularity of 3D printing technology: 3D printing technology is growing rapidly due to its ability to produce customized products with high accuracy using multiple materials including carbon fiber composites. This is likely to boost the growth of the medical carbon fiber market during the forecast period as hospitals seek out new ways to improve patient care through customized treatment plans using advanced technologies like 3D printing .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Carbon Fiber Market Research Report
By Type
Medical Bed Board, Artificial Limb, Radiology Examination Rack, Stretcher, Other
By Application
Orthopedic Clinic, Radiology Clinic, Emergency Department, Other
By Companies
ACS Material, eSpin Technologies, Grupo Antolin, Nanographite Matericals, Pyrograpg Prosucts, Sinoma, Zhuzhou Times New Material Technology, Weihai Guangwei Composites, Jiangsu Hengshen, Sinofibers Technology, ACS Material, Dow Aksa, Toray, Hexcel, Hyosung, Toho Tenax (Teijin), Mitsubishi Rayon, Zoltek, Jilin Tangu Carbon Fiber, RSN, SGL Carbon
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
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Medical Carbon Fiber Market Report Segments:
The global Medical Carbon Fiber market is segmented on the basis of:
Types
Medical Bed Board, Artificial Limb, Radiology Examination Rack, Stretcher, Other
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
Orthopedic Clinic, Radiology Clinic, Emergency Department, Other
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:
- ACS Material
- eSpin Technologies
- Grupo Antolin
- Nanographite Matericals
- Pyrograpg Prosucts
- Sinoma
- Zhuzhou Times New Material Technology
- Weihai Guangwei Composites
- Jiangsu Hengshen
- Sinofibers Technology
- ACS Material
- Dow Aksa
- Toray
- Hexcel
- Hyosung
- Toho Tenax (Teijin)
- Mitsubishi Rayon
- Zoltek
- Jilin Tangu Carbon Fiber
- RSN
- SGL Carbon
Highlights of The Medical Carbon Fiber 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:
- Medical Bed Board
- Artificial Limb
- Radiology Examination Rack
- Stretcher
- Other
- By Application:
- Orthopedic Clinic
- Radiology Clinic
- Emergency Department
- Other
- 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 Medical Carbon Fiber 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:
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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?
Medical carbon fiber is a type of carbon fiber that is used in medical applications. It is made from a combination of carbon and other materials, and it has been designed to be strong and lightweight. This makes it ideal for use in medical devices, such as implants or prosthetic limbs.
Some of the major players in the medical carbon fiber market are ACS Material, eSpin Technologies, Grupo Antolin, Nanographite Matericals, Pyrograpg Prosucts, Sinoma, Zhuzhou Times New Material Technology, Weihai Guangwei Composites, Jiangsu Hengshen, Sinofibers Technology, ACS Material, Dow Aksa, Toray, Hexcel, Hyosung, Toho Tenax (Teijin), Mitsubishi Rayon, Zoltek, Jilin Tangu Carbon Fiber, RSN, SGL Carbon.
The medical carbon fiber market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Carbon Fiber 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 Medical Carbon Fiber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Carbon Fiber 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 Medical Carbon Fiber 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 Medical Carbon Fiber Market Size & Forecast, 2018-2028
4.5.1 Medical Carbon Fiber Market Size and Y-o-Y Growth
4.5.2 Medical Carbon Fiber Market Absolute $ Opportunity
Chapter 5 Global Medical Carbon Fiber 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 Medical Carbon Fiber Market Size Forecast by Type
5.2.1 Medical Bed Board
5.2.2 Artificial Limb
5.2.3 Radiology Examination Rack
5.2.4 Stretcher
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Carbon Fiber 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 Medical Carbon Fiber Market Size Forecast by Applications
6.2.1 Orthopedic Clinic
6.2.2 Radiology Clinic
6.2.3 Emergency Department
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Carbon Fiber 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 Medical Carbon Fiber 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 Medical Carbon Fiber Analysis and Forecast
9.1 Introduction
9.2 North America Medical Carbon Fiber 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 Medical Carbon Fiber Market Size Forecast by Type
9.6.1 Medical Bed Board
9.6.2 Artificial Limb
9.6.3 Radiology Examination Rack
9.6.4 Stretcher
9.6.5 Other
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 Medical Carbon Fiber Market Size Forecast by Applications
9.10.1 Orthopedic Clinic
9.10.2 Radiology Clinic
9.10.3 Emergency Department
9.10.4 Other
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 Medical Carbon Fiber Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Carbon Fiber 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 Medical Carbon Fiber Market Size Forecast by Type
10.6.1 Medical Bed Board
10.6.2 Artificial Limb
10.6.3 Radiology Examination Rack
10.6.4 Stretcher
10.6.5 Other
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 Medical Carbon Fiber Market Size Forecast by Applications
10.10.1 Orthopedic Clinic
10.10.2 Radiology Clinic
10.10.3 Emergency Department
10.10.4 Other
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 Medical Carbon Fiber Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Carbon Fiber 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 Medical Carbon Fiber Market Size Forecast by Type
11.6.1 Medical Bed Board
11.6.2 Artificial Limb
11.6.3 Radiology Examination Rack
11.6.4 Stretcher
11.6.5 Other
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 Medical Carbon Fiber Market Size Forecast by Applications
11.10.1 Orthopedic Clinic
11.10.2 Radiology Clinic
11.10.3 Emergency Department
11.10.4 Other
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 Medical Carbon Fiber Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Carbon Fiber 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 Medical Carbon Fiber Market Size Forecast by Type
12.6.1 Medical Bed Board
12.6.2 Artificial Limb
12.6.3 Radiology Examination Rack
12.6.4 Stretcher
12.6.5 Other
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 Medical Carbon Fiber Market Size Forecast by Applications
12.10.1 Orthopedic Clinic
12.10.2 Radiology Clinic
12.10.3 Emergency Department
12.10.4 Other
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) Medical Carbon Fiber Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Carbon Fiber 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) Medical Carbon Fiber Market Size Forecast by Type
13.6.1 Medical Bed Board
13.6.2 Artificial Limb
13.6.3 Radiology Examination Rack
13.6.4 Stretcher
13.6.5 Other
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) Medical Carbon Fiber Market Size Forecast by Applications
13.10.1 Orthopedic Clinic
13.10.2 Radiology Clinic
13.10.3 Emergency Department
13.10.4 Other
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 Medical Carbon Fiber Market: Competitive Dashboard
14.2 Global Medical Carbon Fiber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ACS Material
14.3.2 eSpin Technologies
14.3.3 Grupo Antolin
14.3.4 Nanographite Matericals
14.3.5 Pyrograpg Prosucts
14.3.6 Sinoma
14.3.7 Zhuzhou Times New Material Technology
14.3.8 Weihai Guangwei Composites
14.3.9 Jiangsu Hengshen
14.3.10 Sinofibers Technology
14.3.11 ACS Material
14.3.12 Dow Aksa
14.3.13 Toray
14.3.14 Hexcel
14.3.15 Hyosung
14.3.16 Toho Tenax (Teijin)
14.3.17 Mitsubishi Rayon
14.3.18 Zoltek
14.3.19 Jilin Tangu Carbon Fiber
14.3.20 RSN
14.3.21 SGL Carbon
