The global medical ceramics market reached a value of US$ 10.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.02 Billion by 2027, exhibiting a CAGR of 5.74% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Medical ceramics, also known as bioceramics, are macro- and nano-materials used for damaged bone tissues, dental, and other medical applications. They offer inertness, non-toxicity, hardness, high compressive strength, low friction coefficient, wear and chemical resistance, and durability. They find extensive application in x-ray tubes, pressure sensors, dental screws and bridges, femoral head implants for hip replacement, hand tools, valves, and filler. In addition, as they aid in replacing a hip, knee, joint, cranio-maxillofacial, and spinal hard tissues, medical ceramics are widely used in hospitals, clinics, and ambulatory surgical centers (ASCs) worldwide.
Medical Ceramics Market Trends:
The increasing prevalence of cardiovascular diseases (CVDs) represents one of the key factors positively influencing the demand for medical ceramics around the world. It can also be attributed to the rising geriatric population, which is more susceptible to developing severe medical ailments. In addition, rising preferences for minimally invasive surgeries on account of the growing number of surgical procedures are driving the market. Moreover, a considerable increase in the number of qualified surgeons that offer safe treatment to patients is favoring the market growth. Apart from this, the rising consciousness among individuals about their physical appearances, coupled with the increasing awareness about the aesthetic benefits of cosmetic surgical procedures, is contributing to the market growth. Furthermore, extensive investment in research and development (R&D) activities to introduce novel technologies, significant improvements in the healthcare infrastructure, and the expansion of high-quality healthcare services in various countries are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical ceramics market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type, application, and end user.
Breakup by Type:
Bioinertdominates the market as it offers excellent chemical stability, biocompatibility, mechanical strength, and wear resistance.
Breakup by Application:
- Implantable Devices
- Surgical and Diagnostic Instruments
Medical ceramics find extensive applications in implantable devices.
Breakup by End User:
- Hospitals and Clinics
- Pharmaceutical and Biotechnology Companies
Hospitals and clinics hold the majority of the total market share.
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The Asia Pacific holds the majority of the global medical ceramics market share.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are 3M Co., CeramTec GmbH, CoorsTek, Inc., Medical Device Business Services, Inc., H.C. Starck Tungsten GmbH, KYOCERA Corporation, Morgan Advanced Materials Plc, Ngk Spark Plug Co., Ltd., Institut Straumann AG, and Zimmer Biomet Holdings, Inc.
|Base Year of the Analysis
||Type, Application, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||3M Company, CeramTec GmbH, CoorsTek, Inc., DePuy Synthes, H.C. Starck GmbH, Kyocera Corporation, Morgan Advanced Materials Plc, NGK Spark Plug Co., Ltd., Institut Straumann AG, and Zimmer Biomet
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Key Questions Answered in This Report:
- How has the global medical ceramics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global medical ceramics market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global medical ceramics market and who are the key players?
- What is the degree of competition in the industry?