Medical Carbon Composites Market is Forecasted to Reach US$ 494 Million in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global Medical Carbon Composites Market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2023: US$ 254 billion

Market Size in 2030: US$ 494 million

Growth (CAGR): 9.9% during 2024-2030

Leading Application Type: Composite table tops

Leading Process Type: Prepreg layup

Leading End-User Type: Hospitals

Leading Region: North America

Forecast Period: 2024-2030

Trend Period: 2019-2022

Base Year: 2023

Number of Segments Covered: 4

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Medical Carbon Composites Market:

The global Medical Carbon Composites Market is segmented based on Application type, Process type, End-User type and region.

Based on Application Trends

“Composite table top is expected to maintain its vanguard in the market, whereas medical robots are anticipated to mark the highest growth during the forecast period.”

• The market is segmented into composite table tops, medical robots, bone implants, prosthetics, and surgical seals.
• Carbon composites are increasingly preferred in applications, such as radiographic imaging tabletops, cradles, prosthetics, tabletop extensions & accessories, oncology treatment overlays, positioning products, and surgical table components.
• Operating tables with carbon composite tabletop offer a 360-degree radiolucency which makes them suitable for hybrid operating rooms and diagnostic imaging.
• Smart composites and hybrid soft-foldable technologies for minimally invasive surgical robots are some revolutionary application areas in the field.

Based on Process Trends

“Prepreg layup is anticipated to remain the preferred process type by 2030.”

• The market is segmented into prepreg layup and others.
• Prepreg is the preferred choice for manufacturing operating tables and diagnostic tabletops. Prepregs offer several advantages such as controlled resin content, part uniformity, and less curing time.
• Other processes predominantly include wet lamination, another highly preferred process for the fabrication of lower limb prosthetics and orthotics.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to remain the largest market for medical composites by 2030. This growth outlook is mainly attributed to the following:

• Higher adoption of advanced technology, well-developed healthcare infrastructure, and huge healthcare expenditure in the North American region enable higher demand.
• In terms of countries, the USA is expected to assert an unmatched dominance in the market during the forecast period. The country is the largest market for medical devices and accounts for ~40% of global sales.
• Rapid improvement in healthcare infrastructure in key economies, such as India and China, along with rising healthcare expenditure in Asia-Pacific is likely to drive the region’s long-term growth.
• China is exerting ardent efforts to boost its production of medical technology to ultimately reduce its reliance on imports.

Medical Carbon Composites Market Drivers:

Some of the key drivers listed in the report are given below.

• Increasing Demand for Lightweight and Durable Medical Devices: Medical carbon composites offer excellent strength-to-weight ratios, corrosion resistance, and biocompatibility, making them ideal for manufacturing surgical instruments, orthopedic implants, and prosthetics. The push for lightweight yet durable medical devices to enhance patient comfort and surgical precision is driving market growth. Rising adoption in devices such as surgical tables, MRI and CT scan components, and rehabilitation equipment.
• Advancements in Carbon Composite Technologies for Medical Applications: Continuous improvements in manufacturing processes, such as advanced resin systems and hybrid composites, are enhancing the mechanical properties and functionality of carbon composites. These innovations enable customization for complex shapes and improved sterilization resistance, supporting wider use in critical medical equipment. The trend toward minimally invasive procedures also favors the use of carbon composites for their precision and reliability.
• Rising Geriatric Population and Growing Healthcare Expenditure: The increasing elderly population globally is driving demand for advanced medical devices and implants, particularly in orthopedics and rehabilitation. With healthcare spending projected to rise at an average CAGR of 6-7% globally through 2025 (Source: WHO, 2023), the adoption of high-performance carbon composite materials in medical devices is expected to accelerate.

Competitive Landscape: Top 10 Companies in the Medical Carbon Composites Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

·      Össur

·      Ottobock SE & Co. KGaA

·      Hanger, Inc. (Fillauer LLC)

·      Getinge Group

·      Steris Corporation

·      Baxter International Inc. (HillRom)

·      Stryker Corporation

·      Composite Horizons

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Medical Carbon Composites Market, answering critical questions like

-       How big is the sales opportunity?

-       Which regions offer the best sales opportunities?

-       Which are the most attractive market segments?

-       Which are the top players and their market positioning?

-       How complex is the business environment?

-       What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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