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Global medical composite materials market to grow nearly 7% this decade

PlasticsToday Staff

August 14, 2016

1 Min Read
Global medical composite materials market to grow nearly 7% this decade

The global medical composite materials market is forecast to experience 6.91% compound annual growth between 2016 and 2020, according to a new report from Research and Markets (Dublin). Increased demand for prosthetics and orthotics will be a key driver, according to an analyst from the market research firm.

DSM offers custom blends of polymers with ceramics, fibers, fillers and dyes to achieve unique properties. It is one of the companies profiled in the report.

Despite their high tensile strength, carbon fiber and fiberglass are brittle and cannot be used as prosthetic socket materials, notes the Global Medical Composite Materials Market 2016-2020 report. This has resulted in the use of nylon, polyester and acrylic and epoxy resins in the manufacture of prosthetic and orthotic devices. The adhesive and mechanical properties of the resins and fibers influence the performance of these products.

The emergence of lightweight and heat-resistant polymer composites as alternatives to metals and alloys will play a prominent role in market growth, according to the report. Polymer matrix composites have been used in the manufacture of medical prostheses and implants over the last decade. These composites are divided into reinforced plastics and advanced composites.
Advanced composites containing approximately 60% of resistant continuous fibers made of carbon, glass or aramid materials increasingly are being used in medical equipment such as surgical instruments, orthopedic products and biocompatible implants, according to Research and Markets.

In addition to key trends, the report addresses the challenges to market growth and identifies the primary vendors in this space. Companies profiled include 3M, DSM, PolyOne, Toray and Evonik.

The report is available for purchase from the Research and Markets website.

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