Automotive Collision Repair Market to Witness Robust Growth by 2026 [news]
Stratview Research has published a new report on the Automotive Collision Repair Market, segmented by Product Type (Crash Parts, Paints and Coatings, Adhesives & Sealants, Abrasives, Finishing Compounds, and Others), by Vehicle Type (Passenger Cars, LCV, HCV, and Two Wheelers), by Source Type (New OEM, Aftermarket, Recycled, and Remanufactured), by Auto Body Shop Type (Dealer-owned Shops, Independent Repair Shops), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Automotive Collision Repair market is likely to witness a steady CAGR of 3.3% during the forecast period. The increasing population, rising per capita income, and growing automobile sales are driving the growth of the market.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/1073/automotive-collision-repair-market.html#form
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Automotive Collision Repair Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the product type, the market is segmented as crash parts, paints and coatings, adhesives & sealants, abrasives, finishing compounds, and others. The crash parts’ segment is expected to dominate the market during the forecast period, owning to rising road accidental rates. These are designed and produced to the same specifications and tolerances as the actual parts on the vehicles and cater to the stringent road-safety requirements.
Based on the vehicle type, the automotive collision repair market is segmented as passenger cars, LCV, HCV, and two wheelers. The passenger cars segment dominates the market, due to the rising road traffic in the developing economies, strong presence of vehicle repair centers offering restoration and refurbishment services.
Based on the source type, the market is segmented as new OEM, aftermarket, recycled, and remanufactured. The new OEMs segment is expected to grow at the highest growth rate, due to provision for easier replacements, insurance policies, and warranty offered by OEMs, along with the improved durability and reliability offered with ease in installation.
Following are the key players in the Automotive Collision Repair Market:
• 3M Company
• ATP Automotive
• Caliber Collision
• DuPont
• Continental Corporation
• Denso Corporation
• Faurecia
• Eastman Chemical Company
• Federal-Mogul Holdings Corp
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Automotive Collision Repair market is likely to witness a steady CAGR of 3.3% during the forecast period. The increasing population, rising per capita income, and growing automobile sales are driving the growth of the market.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/1073/automotive-collision-repair-market.html#form
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Automotive Collision Repair Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the product type, the market is segmented as crash parts, paints and coatings, adhesives & sealants, abrasives, finishing compounds, and others. The crash parts’ segment is expected to dominate the market during the forecast period, owning to rising road accidental rates. These are designed and produced to the same specifications and tolerances as the actual parts on the vehicles and cater to the stringent road-safety requirements.
Based on the vehicle type, the automotive collision repair market is segmented as passenger cars, LCV, HCV, and two wheelers. The passenger cars segment dominates the market, due to the rising road traffic in the developing economies, strong presence of vehicle repair centers offering restoration and refurbishment services.
Based on the source type, the market is segmented as new OEM, aftermarket, recycled, and remanufactured. The new OEMs segment is expected to grow at the highest growth rate, due to provision for easier replacements, insurance policies, and warranty offered by OEMs, along with the improved durability and reliability offered with ease in installation.
Following are the key players in the Automotive Collision Repair Market:
• 3M Company
• ATP Automotive
• Caliber Collision
• DuPont
• Continental Corporation
• Denso Corporation
• Faurecia
• Eastman Chemical Company
• Federal-Mogul Holdings Corp
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
Air Quality Monitoring System Market Growth Offers Room to Grow to Existing & Emerging Players [news]
Stratview Research has published a new report on the Air Quality Monitoring System Market, segmented by Sampling Method Type (Active/Continuous Monitoring, Manual Monitoring, Passive Monitoring, Intermittent Monitoring, and Stack Monitoring), by Pollutant Type (Chemical Pollutants, Physical Pollutants, and Biological Pollutants), by Product Type (Indoor Monitors, Outdoor Monitors, and Wearable Monitors), by End-User Type (Government Agencies and Academic Institutes; Commercial and Residential Users; Petrochemical Industry; Power Generation Plants; Pharmaceutical Industry; Smart City Authorities; and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Air quality monitoring system market to witness a healthy CAGR of 5.5% during the forecast period. The growing demand for air quality monitoring system is mainly due to supportive government regulations for effective air pollution monitoring and control.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/883/air-quality-monitoring-system-market.html#form
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Air Quality Monitoring System Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the sampling method type, the market is segmented as active/continuous monitoring, manual monitoring, passive monitoring, intermittent monitoring, and stack monitoring. The active/continuous monitoring segment currently holds the largest share of the market and is expected to remain dominant during the forecast period. Supportive stringent government regulations regarding effective air pollution monitoring across significant markets and development in the ongoing advanced continuous monitoring systems are giving a boost to the growth of the segment.
Based on the product type, the market is segmented as indoor monitors, outdoor monitors, and wearable monitors. The indoor monitors’ segment is expected to remain the dominant as well as the fastest-growing segment during the forecast period due to the increasing adoption of green-building technologies and smart home and growing consumer preference for pollution-free indoor environments.
Based on the end-user type, the air quality monitoring system market is segmented as government agencies and academic institutes; commercial and residential users; petrochemical industry; power generation plants; pharmaceutical industry; smart city authorities; and other end users. The government agencies and academic institutes segment leads the market owing to stringent environmental regulations, increased installation of air quality monitoring stations worldwide and rising government investments for effective air quality monitoring.
Following are the key players in the Air Quality Monitoring System Market:
• The 3M Company
• Emerson Electric
• GE Healthcare
• Horiba
• Merck
• Siemens AG
• Spectris
• Teledyne Technologies
• Thermo Fisher Scientific
• TSI
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Air quality monitoring system market to witness a healthy CAGR of 5.5% during the forecast period. The growing demand for air quality monitoring system is mainly due to supportive government regulations for effective air pollution monitoring and control.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/883/air-quality-monitoring-system-market.html#form
Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Air Quality Monitoring System Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the sampling method type, the market is segmented as active/continuous monitoring, manual monitoring, passive monitoring, intermittent monitoring, and stack monitoring. The active/continuous monitoring segment currently holds the largest share of the market and is expected to remain dominant during the forecast period. Supportive stringent government regulations regarding effective air pollution monitoring across significant markets and development in the ongoing advanced continuous monitoring systems are giving a boost to the growth of the segment.
Based on the product type, the market is segmented as indoor monitors, outdoor monitors, and wearable monitors. The indoor monitors’ segment is expected to remain the dominant as well as the fastest-growing segment during the forecast period due to the increasing adoption of green-building technologies and smart home and growing consumer preference for pollution-free indoor environments.
Based on the end-user type, the air quality monitoring system market is segmented as government agencies and academic institutes; commercial and residential users; petrochemical industry; power generation plants; pharmaceutical industry; smart city authorities; and other end users. The government agencies and academic institutes segment leads the market owing to stringent environmental regulations, increased installation of air quality monitoring stations worldwide and rising government investments for effective air quality monitoring.
Following are the key players in the Air Quality Monitoring System Market:
• The 3M Company
• Emerson Electric
• GE Healthcare
• Horiba
• Merck
• Siemens AG
• Spectris
• Teledyne Technologies
• Thermo Fisher Scientific
• TSI
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
Automotive Cylinder Head Market is Expected to Register a Considerable Growth by 2022 [news]
July 22, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Cylinder Head Market.
It was estimated prior to this unanticipated outbreak that the Automotive Cylinder Head Market was valued at US$ 8,737 million in 2016 and is likely to grow at a CAGR of 2.9% over the next five years to reach US$ 10,380 million in 2022. Organic growth in the automobile production, owing to increasing disposable income and growing urbanization and increasing demand for the lightweight cylinder head to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards, are the major growth drivers of the global automotive cylinder head market.
For a more detailed breakdown of the Automotive Cylinder Head Market, click here:
https://www.stratviewresearch.com/285/Automotive-Cylinder-Head-Market.html
Segment Analysis
The global automotive cylinder head market is firstly segmented based on vehicle type as Passenger Car, LCV, and M&HCV. The passenger car is expected to remain the dominant segment of the global automotive cylinder head market during the forecast period of 2017 to 2022, driven by higher production of passenger cars than LCVs and MHCVs. The vehicle type is also likely to witness the highest growth during the same period.
Based on the material type, the global automotive cylinder head market is segmented as Aluminum Cylinder Head and Iron Cylinder Head. Aluminum is projected to remain the most dominant material type in the global automotive cylinder head market over the next five years. There would be a continuous shift from iron to aluminum cylinder heads because of several factors including lightweight. Stringent regulations imposed by governments of many countries are putting pressure on the automakers to curb the overall vehicle weight to increase fuel efficiency or reduce emissions. Cylinder head could not escape itself from such regulations and experienced a significant change in the selection of materials over the period. The auto industry is rapidly moving towards lightweight materials in most of its components including cylinder head to make the final component light in weight without sacrificing overall performance.
Based on the source type, the global automotive cylinder head market is segmented as In-house Manufacturing and Independent Manufacturing. In-house manufacturing is expected to remain the largest segment of cylinder head market in the global automotive industry over the next five years, whereas Independent manufacturing is likely to remain the fastest-growing segment during the same period. All the leading auto OEMs, such as General Motors Company, Ford Motor Company, Toyota Motor Corporation, and Volkswagen AG, are manufacturing cylinder heads in-house for most of their engine models.
Based on the regions, Asia-Pacific is expected to remain the largest cylinder head market during the forecast period. The region is also expected to experience the highest growth during the same period. Increasing automobile production, especially passenger car is driving the demand for cylinder head in the region. Europe is expected to remain the second largest automotive cylinder head market during the same period.
Key Players:
Key players operating in the global Automotive Cylinder Head market are-
• Ford Motor Company
• Toyota Motor Corporation
• General Motors Company
• Nemak
• S.A.B. de C.V.
• Linamar Corporation
• Weber Automotive GmbH
• Teksid S.p.A.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Automotive Cylinder Head analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
It was estimated prior to this unanticipated outbreak that the Automotive Cylinder Head Market was valued at US$ 8,737 million in 2016 and is likely to grow at a CAGR of 2.9% over the next five years to reach US$ 10,380 million in 2022. Organic growth in the automobile production, owing to increasing disposable income and growing urbanization and increasing demand for the lightweight cylinder head to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards, are the major growth drivers of the global automotive cylinder head market.
For a more detailed breakdown of the Automotive Cylinder Head Market, click here:
https://www.stratviewresearch.com/285/Automotive-Cylinder-Head-Market.html
Segment Analysis
The global automotive cylinder head market is firstly segmented based on vehicle type as Passenger Car, LCV, and M&HCV. The passenger car is expected to remain the dominant segment of the global automotive cylinder head market during the forecast period of 2017 to 2022, driven by higher production of passenger cars than LCVs and MHCVs. The vehicle type is also likely to witness the highest growth during the same period.
Based on the material type, the global automotive cylinder head market is segmented as Aluminum Cylinder Head and Iron Cylinder Head. Aluminum is projected to remain the most dominant material type in the global automotive cylinder head market over the next five years. There would be a continuous shift from iron to aluminum cylinder heads because of several factors including lightweight. Stringent regulations imposed by governments of many countries are putting pressure on the automakers to curb the overall vehicle weight to increase fuel efficiency or reduce emissions. Cylinder head could not escape itself from such regulations and experienced a significant change in the selection of materials over the period. The auto industry is rapidly moving towards lightweight materials in most of its components including cylinder head to make the final component light in weight without sacrificing overall performance.
Based on the source type, the global automotive cylinder head market is segmented as In-house Manufacturing and Independent Manufacturing. In-house manufacturing is expected to remain the largest segment of cylinder head market in the global automotive industry over the next five years, whereas Independent manufacturing is likely to remain the fastest-growing segment during the same period. All the leading auto OEMs, such as General Motors Company, Ford Motor Company, Toyota Motor Corporation, and Volkswagen AG, are manufacturing cylinder heads in-house for most of their engine models.
Based on the regions, Asia-Pacific is expected to remain the largest cylinder head market during the forecast period. The region is also expected to experience the highest growth during the same period. Increasing automobile production, especially passenger car is driving the demand for cylinder head in the region. Europe is expected to remain the second largest automotive cylinder head market during the same period.
Key Players:
Key players operating in the global Automotive Cylinder Head market are-
• Ford Motor Company
• Toyota Motor Corporation
• General Motors Company
• Nemak
• S.A.B. de C.V.
• Linamar Corporation
• Weber Automotive GmbH
• Teksid S.p.A.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Automotive Cylinder Head analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
Medical Carbon Composites Market to Record Significant Revenue Growth During the Forecast Period 2021-2026 [news]
July 22, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Medical Carbon Composites Market.
It was estimated prior to this unanticipated outbreak that the Medical Carbon Composites Market is likely to grow at a lucrative rate over the next five years to reach a value of US$ 440 million in 2026. Government initiatives, such as customs duty exemption on medical devices, growth in regulatory approvals of medical devices, upcoming Tokyo Paralympics 2021, and product innovations, are likely to act as the major growth drivers of the market.
In the technology-intensive industries, such as space and aeronautical engineering, the performance to weight ratio plays a vital role; thus, the high cost associated with testing the design and manufacturing process are acceptable even if the gain may appear to be small. However, in mass production and less critical applications such as automotive parts, sporting goods, and boats, a marginal improvement in performance is usually not very important. Thus, it can be said that the cost spent on optimizing the product is modest, while efforts are spent on rationalizing the manufacturing. The first experiment with carbon fiber in the medical industry was made in the mid-1960s. However, the high cost associated with the material and manufacturing process restricted its commercial usage till the 21st century. After years of research and development, this innovative material able to secure a small space in the medical devices industry. With advancements in manufacturing processes and materials’ cost optimization, currently, carbon composites are preferably used in applications such as operating tables, diagnostic tabletops, bone implants, prosthetics, orthotics, and surgical seals. Carbon composites play a crucial role in medical devices as the material provides radiolucency, excellent strength-to-weight ratio, and corrosion resistance.
To read more about the topic, click here:
https://www.stratviewresearch.com/1383/medical-carbon-composites-market.html
Segment Analysis
Based on the Application Type, the medical carbon composites market is segmented as operating & diagnostic tables, bone implants, prosthetics & orthotics, and surgical seals. The operating & diagnostic tables segment is expected to remain the dominant one during the forecast period as carbon composite tabletop offers a 360-degree radiolucency. The market is witnessing an increased number of new product launches. For instance, in 2020, Hillrom launched PST 500 and PST 300 precision surgical tables that offer a 360-degree radiolucency coupled with the capability of handling general surgery, orthopedics, and neurosurgery. The prosthetics & orthotics segment is estimated to be the second-largest application by 2026, driven by an increasing acceptance in lower limb prosthetics and orthotics.
Based on the process type, the medical carbon composites market is segmented as prepreg layup and other processes. Prepreg layup is likely to remain the dominant process in the market during the forecast period. Prepreg is the preferred choice for manufacturing operating tables and diagnostic tabletops. Other processes predominantly include wet lamination, another highly preferred process for the fabrication of lower limb prosthetics and orthotics.
In terms of region, North America is expected to maintain its supremacy in the global medical carbon composites market by 2026. The USA and Canada are the growth engines of the North American market. Higher adoption of advanced technology, well-developed healthcare infrastructure, greater penetration of advanced composites, and high healthcare expenditure attributed to the highest share of the region. Asia-pacific is expected to be the fastest-growing market in years to come, owing to the rapid improvement in healthcare infrastructure in developing economies such as India and China along with rising healthcare expenditure.
Key Players:
Key players operating in the global Medical Carbon Composites market are-
• Össur
• Ottobock SE & Co. KGaA
• Fillauer LLC
• Steeper Inc.
• Getinge Group
• Steris Corporation
• HillRom
• Composite Horizons
• Stille AB
• Skytron LLC
• Mizuho Medical Co. Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Medical Carbon Composites analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
It was estimated prior to this unanticipated outbreak that the Medical Carbon Composites Market is likely to grow at a lucrative rate over the next five years to reach a value of US$ 440 million in 2026. Government initiatives, such as customs duty exemption on medical devices, growth in regulatory approvals of medical devices, upcoming Tokyo Paralympics 2021, and product innovations, are likely to act as the major growth drivers of the market.
In the technology-intensive industries, such as space and aeronautical engineering, the performance to weight ratio plays a vital role; thus, the high cost associated with testing the design and manufacturing process are acceptable even if the gain may appear to be small. However, in mass production and less critical applications such as automotive parts, sporting goods, and boats, a marginal improvement in performance is usually not very important. Thus, it can be said that the cost spent on optimizing the product is modest, while efforts are spent on rationalizing the manufacturing. The first experiment with carbon fiber in the medical industry was made in the mid-1960s. However, the high cost associated with the material and manufacturing process restricted its commercial usage till the 21st century. After years of research and development, this innovative material able to secure a small space in the medical devices industry. With advancements in manufacturing processes and materials’ cost optimization, currently, carbon composites are preferably used in applications such as operating tables, diagnostic tabletops, bone implants, prosthetics, orthotics, and surgical seals. Carbon composites play a crucial role in medical devices as the material provides radiolucency, excellent strength-to-weight ratio, and corrosion resistance.
To read more about the topic, click here:
https://www.stratviewresearch.com/1383/medical-carbon-composites-market.html
Segment Analysis
Based on the Application Type, the medical carbon composites market is segmented as operating & diagnostic tables, bone implants, prosthetics & orthotics, and surgical seals. The operating & diagnostic tables segment is expected to remain the dominant one during the forecast period as carbon composite tabletop offers a 360-degree radiolucency. The market is witnessing an increased number of new product launches. For instance, in 2020, Hillrom launched PST 500 and PST 300 precision surgical tables that offer a 360-degree radiolucency coupled with the capability of handling general surgery, orthopedics, and neurosurgery. The prosthetics & orthotics segment is estimated to be the second-largest application by 2026, driven by an increasing acceptance in lower limb prosthetics and orthotics.
Based on the process type, the medical carbon composites market is segmented as prepreg layup and other processes. Prepreg layup is likely to remain the dominant process in the market during the forecast period. Prepreg is the preferred choice for manufacturing operating tables and diagnostic tabletops. Other processes predominantly include wet lamination, another highly preferred process for the fabrication of lower limb prosthetics and orthotics.
In terms of region, North America is expected to maintain its supremacy in the global medical carbon composites market by 2026. The USA and Canada are the growth engines of the North American market. Higher adoption of advanced technology, well-developed healthcare infrastructure, greater penetration of advanced composites, and high healthcare expenditure attributed to the highest share of the region. Asia-pacific is expected to be the fastest-growing market in years to come, owing to the rapid improvement in healthcare infrastructure in developing economies such as India and China along with rising healthcare expenditure.
Key Players:
Key players operating in the global Medical Carbon Composites market are-
• Össur
• Ottobock SE & Co. KGaA
• Fillauer LLC
• Steeper Inc.
• Getinge Group
• Steris Corporation
• HillRom
• Composite Horizons
• Stille AB
• Skytron LLC
• Mizuho Medical Co. Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Medical Carbon Composites analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
