Lucintel's latest market report analyzed that composites in medical application provides attractive opportunities in the hospital, clinics, research institute, and ambulatory surgical centres. The composites in medical application market is expected to reach $XX billion by 2028 with a CAGR of 9% to 11%. In this market, carbon fiber is the largest segment by fiber type, whereas hospital is largest by end use industry.
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Based on fiber type, the composites in medical application market is segmented into carbon fiber, ceramic fiber, and others. The carbon fiber segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its chemical inertness, lightweight and increasing demand in healthcare sector for making devices.
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The Composites in Medical Application Market is marked by the presence of several big and small players. Some of the prominent players offering composites in medical application include IDC Composite, Kulzer GmbH, Composiflex, Dentsply Sirona, Royal DSM N.V, SGL Carbon SE, Zeus Industrial Products, and 3M.
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