New York City, NY, 04 May, 2020/ 24 Market Reports: It is estimated for the medical composites market to reach USD 934.7 Million by 2021, at a CAGR of 7.10% during the forecast period. The high demand for diagnostic imaging application as they are radiolucent and do not hinder the diagnosis process. Medical composites manufactured using carbon fibre has advantages such as lightweight, biocompatible, and resistance to corrosion. It also helps in avoiding revision operations. These factors are driving the growth of the market during the forecast period.
Composite body implants and diagnostic imaging to drive the growth for the market
Composite body implants and diagnostic imaging are the major applications for the market. The patient imaging tables and accessories used in X-ray, MRI, PET, and CT imaging systems is one of the fastest-growing uses of advanced composites in medical composites. They are used in these applications as they have as radiolucency and absorb low levels of radiant energy. This characteristic help minimizes signal interference to enable capture of clear images for use in medical diagnostics. This is driving the use of medical composites in diagnostic imaging.
Europe to lead the global market throughout the forecast period
Europe is leading the market during the forecast period. The growing demand from diagnostic imaging, surgical, and composite body implants applications is driving the growth of the market in the region. The high cost of carbon fibre and stringent regulatory laws restrain the growth of the medical composites market.
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