Medical Ceramics Market – Outlook
The Global Medical Ceramics Market is expected to exhibit a strong 6.5% CAGR over the forecast period from 2019 to 2023, according to the latest research report from Market Research Future (MRFR). The global medical ceramics market has become a major part of the global healthcare sector in recent years due to the rising awareness about the various applications of medical ceramics. This has driven robust growth in the medical ceramics market, with new players joining the market and established players looking to scale up their operations through capacity expansions and collaboration efforts. A detailed review of the competitive landscape of the global medical ceramics market is provided in the report, including profiles of the major players operating in the market.
Medical ceramics are used for structural or supportive purposes in dentistry, orthopedics, cardiovascular disease management and surgeries, and other applications. The strong materials used in medical ceramics are perfect for usage in dental applications, as they are used to produce highly valuable, long-lasting dental caps and crowns, among others. The growing demand for dental crowns, driven by the growing prevalence of plaque and other dental conditions, is likely to be a major driver for the global medical ceramics market over the forecast period. The growing dental healthcare industry in Asia Pacific and other emerging economies is likely to be a key driver for the global medical ceramics market.
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Medical ceramics are also widely used in orthopedic applications as a replacement for bone matter. The growing demand for effective bone substitutes in the healthcare sector is likely to be a major driver for the medical ceramics market over the forecast period. Rapid growth in materials research and development is likely to be a key driver for the medical ceramics market, as new materials and production technologies are likely to be developed in the coming years, helping the medical ceramics market achieve smoother operations and higher profit margins. The use of medical ceramics in diagnostic and surgical instruments is also likely to be a key driver for the global medical ceramics market over the forecast period.
- Medical Ceramics Market Driven by Growing Demand in Dentistry Applications
- Growing Use in Dentistry, Orthopedic Applications to Drive Medical Ceramics Market
Key Players – Medical Ceramics Market
Leading players in the global medical ceramics market include
- DePuy Synthes,
- Morgan Advanced Materials,
- Nobel Biocare Services AG,
- 3M ESPE,
- H. C. Starck GmbH,
- Kyocera Corporation,
- Zimmer Holdings Inc.,
- CoorsTek Inc
In October 2019, Lithoz announced that it would display its latest CeraFab family of mahcines designed for high-volume production of high-performance AM ceramics at November’s Formnext.
In July 2019, Neural Analytics Inc., a leading player in developing and selling brain health tracking and management tools and technologies, announced a collaboration with NGK Spark Plug Co., a leading Japanese player in the field of ceramics processing.
Segmentation – Medical Ceramics Market
The global medical ceramics market is segmented on the basis of type, application, end user, and region.
On the basis of type, the medical ceramics 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 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.
Regional Analysis – Medical Ceramics Market
The Americas are a dominant regional market for medical ceramics, accounting for around 42% of the market in 2016. Europe is also a dominant force in the market and accounts for close to half of the rest. The growing geriatric population in these regions is likely to be a key driver for the medical ceramics market.
Globally, Europe region stands as the second largest market for the medical ceramics. Extensive technological advancements and the augmented adoption of advanced ceramics among the healthcare providers mainly in the UK, Germany, and France coupled with the resurging economy in the region fosters the market growth in the region. Also, the rising cases of dental disorders along with rising population awareness towards the health are promoting the growth of the medical ceramics market in the region.
The Asia Pacific region is rapidly emerging as one of the lucrative markets for the medical ceramics. Moreover, factors such as, increasing incidences of recorded chronic diseases, availability of new treatment methods, and the ever-increasing population that is increasingly gaining awareness towards the benefits of health management, foster the market growth in the region. Besides rising government support and improving per capita health care expenditures are positively impacting the market growth in the region.
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