Fast Market Research announces the availability of the new TechNavio report, "Global Medical Composite Material Market for Orthopedics 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 09/01/2015 -- 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.
Get More Details on this Report and a Full Table of Contents at Global Medical Composite Material Market for Orthopedics 2015-2019
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.
Technavio analysts forecast the global medical composite material market for orthopedics to grow at a CAGR of 7.23% during 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "A new class of composite materials formed through nano technology is being used in the field of soft tissue implants. These nano fibers are used for various applications in the medical field. In addition, nano fibers have good durability and adhesive properties. Synthetic bioactive and bioresorbable composite materials are being used as scaffolds in tissue engineering. Nano fiber scaffold fabrication is cost effective and user-friendly. Nano fibers also help with problems relating to inadequate cell infiltration."
According to the report, medical composite materials are being used in implantable medical devices. Composite materials help in biocompatibility and osteoconductivity. Biodegradable polymers are modified with a ceramic component to form implants. Carbon fiber/PEEK polymer composites are also being used to manufacture orthopedic implantable material as other materials can lead to osteolysis and implant loosening. Corrosion is the major cause implant failure.
Further, the report states that volatility in raw material prices is one of the major challenges confronting the market.
The key players in the Global Medical Composite Material Market for Orthopedics are Icotec, Polygon Composites, PolyOne, Quatro Composites and Toray while other prominent vendors include 3M, Advanced Glassfiber Yarns, APT Ireland, Asahi Glass, Axial, Bal Seal Engineering, BGF Industries, The Binani Group 3b-The Fibreglass, C K Composites, Chomarat Group, Chongqing Polycomp International, ComposiFlex, Composites Horizons, Cospheric, Dennert Poraver, Eko Export, Evonik Rohm, Glasforms, Henkel, Heuchel, Induchem Holding, Johns Manville, Jushi Group, Kanfit, Luminex, Luxfer Group, Materion, Matsumoto Yushi Seiyaku, Medical Composite Technologies, Merit Medical Systems, Mitsubishi Rayon, Mo Sci, Momentive Performance Materials, Nippon Sheet Glass, Osthoff Omega Group, Otto Bock, Owens Corning, Partial Hand Solutions, Phosporex,PlastiComp, PolyMedex Discovery Group, Pultruder Glasforms, Refitech, RTP, Saertex Group, Saint-Gobain Vetrotex, Solid Concepts, Taishan Fiberglass, The Luxfer Group, Vanguard Plastics, Vermont Composites, Victrex and Web Industries
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