Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The global medical ceramics market was assessed at US$ 3.83 billion in 2017 and is projected to exhibit a CAGR of 6.1% over the estimated period (2017-2025).
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Medical ceramics are products, which repairs or replaces musculoskeletal hard connective tissues. Bioceramics is used in various application, however, it is primarily used in implants such as alumina hip prostheses. Biocompatibility of medical ceramics is one of the most pivotal factors leading to the augmented usage of these materials in prosthetics, surgical implants, and other invasive medical devices and tools. Development of new ceramics using different technology especially for dental and orthopedic implants is a factor for growth of the market over the forecast period. In dental implants, titanium material is the most widely used material for dental implantology, due to its efficient biocompatible properties.
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Rising prevalence of bone cancers wordliwde, such as osteosarcoma, chondrosarcoma, and Ewing’s sarcoma, which augments the need for bone replacement or surgeries, significantly propels the growth of the global medical ceramics market. According to the American Society of Clinical Oncology, 2014, bone sarcomas account for 0.2% of all malignancies globally with the incidence rate for bone and joint malignancies to be 0.9 per 100,000 people annually, in the U.S. Furthermroe, the American Association of Oral and Maxillofacial Surgeons reported that 69% of adults have lost at least one permanent tooth to an accident, gum disease, a failed root canal or tooth decay. With the increasing orthopedic and dental implant surgeries, the demand for these ceramics is expected to grow in the foreseeable future. Development of new ceramics with wide range of applications especially in promoting regenerative tissues and restoring physiological functions is a major factor contributing to the growth of medical ceramics market. Researchers in Germany are working to develop tailored bone implants by combining ceramics and polymers with diamond nanoparticles to print biocompatible bone substitutes of the required size and shape. In March 2017, CeramTec launched its newly developed dental ceramic, Zirconium Oxide Bright at International Dental Show (IDS) in Cologne, Germany. The material offers enhanced translucency and strength and is suitable for all dental prostheses.
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Key Trends of the Global Medical Ceramics Market:
- Among various materials, the bio-inert ceramics segment dominated the global market in 2017, as these material implants have enhanced wear resistant and biocompatible properties.
- The surgical implants application segment is expected to hold the foremost position in the global medical ceramics market over the forecast period, owing to the increasing orthopedic surgical procedures carried out worldwide.
- The well-known and established players operating in the global medical ceramics market are CoorsTek Medical, H.C. Starck GmbH, Tosoh Corporation, Noritake Co., Ltd., 3M ESPE, Morgan Advanced Materials Plc, Ceramtec, Pl Ceramic GmbH, Lithoz, and Kyocera Corporation.
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