Albany – NY, Oct. 21, 2015 (GLOBE NEWSWIRE) — Medical composite materials refers to a compact product formed by mixing two or more components that offer greater performance compared to the individual components. Some of the major benefits of medical composite materials include high strength-to-weight ratio, excellent fatigue endurance, corrosion resistance, good impact resistance, and malleability. These materials can be easily manipulated to form complex designs, owing to their different biomechanical and biocompatible properties. Medical composite materials are used in the production of prosthetics and implants in the orthopedic sector.
The global medical composite material market can be segmented into three divisions based on type: Fiber composite, polymer metal composite, and polymer ceramic composite. Fiber composites are lighter and renders great external impact resistance, and thus is used in manufacturing various components such as prosthetics and implants.
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Technavio analysts forecast the global medical composite material market for orthopedics to grow at a CAGR of 7.23% during 2014-2019.
Covered in this Report
The Technavio report, namely Global Medical Composite Material Market 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. We covers North America, Europe, APAC, South and Central America, and MEA markets and also present the market landscape and its growth prospects in the coming years. In addition, we discuss the key vendors operating in the market.
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Key Regions
- North America
- Europe
- APAC
- South and Central America
- MEA
- Key Vendors
- Icotec
- Polygon Composites
- PolyOne
- Quatro Composites
- Toray
Market Driver
Need for Advanced Devices for Orthopedics
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Market Challenge
Volatile Raw Material Prices
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Market Trend
Usage of Nano Fibers in Soft Tissue Implants
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Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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