Global Medical Composites Market to Reach USD 934.7 Mln by 2021, Forecasts M&M in Its Insightful Report Recently Added at MarketPublishers.com
18 Nov 2016 • by Natalie Aster
LONDON – Over the past few years, there has been a robust increase in the usage of medical composites, especially for implant devices owing to their excellent toughness, strength and also bio-inert properties. However, stringent regulatory norms and high cost of carbon fiber are hampering growth in the medical composites market.
Nevertheless, the world medical composites market is keeping to an upward trend, stimulated by the strong demand for diagnostic imaging. This market is poised to see healthy growth at a 7.1% CAGR in the next five years, and by the year 2021 the market value will likely amount to USD 934.7 million.
The diagnostic imaging application sector will likely see the highest growth of demand for medical composites, especially due to increasing usage of medical composites in patient imaging accessories and tables used in X-ray, magnetic resonance imaging (MRI) systems, computerized tomography (CT), positron emission tomography (PET), amid other diagnostic devices.
Through 2021, the medical composites market is predicted to see the highest growth pace in the North American region. This regional market is spurred by rising consumption of medical composites in different applications, for instance, diagnostic imaging, body implants and dental implants. The North American medical composites market is led by the US.
In-demand topical report “Medical Composites Market by Fiber Type, Application - Global Forecast to 2021” by MarketsandMarkets (M&M) gives unbiased profound insights into the landscape of the worldwide medical composites market. It explores the situation across the major geographical markets, offers valuable data on top drivers, restraints, trends and regulative initiatives. This topical report delves into competitive landscape, provides info on leading companies, discloses updated statistics and presents future forecasts for the medical composites market through 2021.
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