Medical composites market to reach $845m by 2030

By end-user type, hospitals are expected to account for the highest demand.

The global medical composites market is projected to grow 6.8% annually to be valued at $845m by 2030, according to StratView Research.

The sector’s expansion is driven by the continuous demand for diagnostic imaging applications, a need for lightweight and radiolucent materials, and regulatory approval for medical devices.

By end-user type, hospitals are expected to account for the highest demand during the forecast period.

By application type, prosthetics are expected to dominate the market, whilst medical robots are projected to grow the fastest during the period.