The Worldwide Medical Ceramics Market is expected to grow at a CAGR of 6.5% during the forecast period. The Global Medical Ceramics Market is majorly driven by the growing prevalence of cardiovascular disorders, rising older population leading to rise in patient population, the rise in dental caries, and growing awareness among young population towards dental health.
Additionally, factors such as government initiatives and support, rising demand for advanced treatment, and growing market players offering newer products are likely to drive the market. According to the United Nations, approximately over 962 million population was aged over 60 and above globally in 2017. The United Nations has also estimated that by 2050, the number of older population is likely to reach 425 million. This rising aging population is likely to propel the growth of the global medical ceramics market.
Medical Ceramics Market Top 10 Players:
Some of the key players in the Medical Ceramics market are CoorsTek Inc., Zimmer Holdings, Inc, Straumann, Stryker, Kyocera Corporation, H.C. Starck GmbH, 3M ESPE, Nobel Biocare Services AG, Morgan Advanced Materials and DePuy Synthes.
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Global Medical Ceramics Market Segments:
The Global Medical Ceramics Market is segmented on the basis of type, application, and end-user. On the basis of type, the market is segmented into bioactive ceramics, bioinert ceramics, piezoceramics, and bioresorbable ceramics. Bioinert ceramics are further sub-segmented into zirconia, alumina, and others. Bioactive ceramics are further sub-segmented into hydroxyapatite and glass ceramics.
On the basis of application, the market is segmented into cardiovascular, dental, orthopedic, surgical instruments, diagnostic instruments, plastic surgery, and others. Dental is further sub-segmented into dental implants, dental crowns and bridges, braces, inlays and onlays, and dental bone grafts and substitutes. Orthopedic is further sub-segmented into a joint replacement, fracture fixation, and orthobiologics. Joint replacement is further sub-segmented into knee replacement, hip replacement, shoulder replacement and others. On the basis of end-user, the market is segmented into specialty centers, hospitals and clinics, and research centers.
Universal Medical Ceramics Market Regional Analysis:
The North American medical ceramics market is a growing market in the Americas region. On a regional basis, the Americas region is segmented into North America and South America. North America is segmented into the U.S. and Canada. The increasing prevalence of cardiovascular disorders, along with the increasing older population eventually leading to an increase in patient population are likely to drive the market. Additionally, growing healthcare expenditure and the rising demand for technologically advanced treatments and products along with rising government support are likely to enhance the growth of the medical ceramics market in North America. For instance, according to the American Joint Replacement Registry, around 1,61,040 joint replacement procedures took place in the U.S. in 2016.
Europe is the second largest market and holds a strong share in the global medical ceramics market. The European market is expected to grow during the forecast period owing to the availability of innovative treatment facilities and rising research activities in medical ceramics for nanotechnology. Furthermore, rising cases in dental cavities along with rising population awareness regarding health are driving the growth of the medical ceramics market.
Asia Pacific is expected to be the fastest growing market. The increasing prevalence of chronic diseases is the major driver of market growth. China is the fastest growing region owing to an increasing population leading to rising patient population. Rising awareness about the health and availability of new treatment methods drive the market in this region. Rising healthcare expenditure and the rise in the standard of living are driving the growth of the medical ceramics market in the Asia Pacific region.
The Middle East and Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access, and availability of treatment facilities. In the Middle East, the United Arab Emirates is the largest market owing to the development of the healthcare industry and rising availability of specialty care centers.
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Major TOC For Medical Ceramics Market Research Report – Forecast to 2023:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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