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Medical Ceramics Market Is Projected to US$ 7,690.12 Mn With Healthy CAGR of 6.1% by 2030 | CoorsTek Medical, H.C. Starck GmbH, Tosoh Corporation, Noritake Co.

May 22nd, 2023 Coherent Market Insights Releases

Ceramic materials possess unique thermal and physical properties that make them suitable for various medical applications, including repairing and reconstructing human body parts. They are commonly used in dental and orthopedic procedures as implants or replacements. However, the brittleness of traditional ceramics has limited their usefulness in technical applications such as oil-free bearings in food processing equipment, aerospace turbine blades, nuclear fuel rods, lightweight armor, and cutting tools, where metals and polymers are preferred. Despite this, innovative techniques in ceramic fabrication over the last century have led to their use as high-tech materials.

Bioceramics, such as ZrO2 and Al2O3, are inert and have low levels of reactivity compared to other materials like polymers and metals, as well as surface reactive or bio-inert ceramics. They are expected to be non-toxic, non-allergenic, and non-carcinogenic for a lifetime inside the human body. This quality has led to their early adoption in hospitals for use in the most recent generation of instruments utilizing established technology.

The Global Medical Ceramics Market is anticipated to reach US$ 4,795.13 million in 2022 and grow at a 6.1% CAGR during the projected period (2023-2030).

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Increase in orthopaedic and dental implant-related surgical procedures is anticipated to fuel market expansion.

The market for medical ceramics is being propelled by the rising number of medical procedures involving dental and orthopedic implants, among other factors. For example, according to data published by the National Center for Biotechnology Information in December 2021, knee injuries are the most common among adolescent athletes, with an estimated 754,000 knee arthroplasty surgeries carried out globally in 2021. Similarly, the European Commission reported that in 2019, there were 450,000 procedures for hip arthroplasty globally. Technical ceramics, which possess excellent frictional properties in the range of 0.5 to 1.0, are becoming increasingly popular in endo-prosthetics. The growing number of trauma cases resulting from falls and road accidents requiring orthopedic medical interventions is driving the demand for medical ceramic products such as dental screws and bridges, valves, and femoral head implants for hip replacements.

Throughout the forecast period, market expansion is anticipated to be driven by the development of novel product kinds with greater mechanical strengths and flexibility.

The global medical ceramics market is anticipated to grow due to the development of new product varieties with improved mechanical strength and flexibility. For example, on June 14, 2022, the German-based company CeramTec GmbH, which specializes in advanced ceramic components, received approval from the U.S. Food & Drug Administration (FDA) for its new ceramic total knee replacement device. This approval is expected to drive the growth of the medical ceramics market.

Coronavirus’s impact on the global market for medical ceramics (COVID-19) Pandemic

The outbreak of the COVID-19 virus in December 2019 has resulted in its spread to more than 100 countries worldwide. On January 30, 2020, the World Health Organization declared the disease a public health emergency due to its rapid spread and potential impact on global health.

The COVID-19 pandemic has impacted the economy in three primary ways with respect to medical ceramics: through direct effects on production and demand, disruptions in distribution channels, and transportation issues due to nationwide lockdowns. Several countries, including China, India, Saudi Arabia, the United Arab Emirates, Egypt, and others, have experienced difficulties in transporting medical ceramics due to the lockdowns.

Due to the COVID-19 pandemic, the global medical ceramics market was adversely affected as there was a reduction in the number of surgeries related to orthopedic and dental implantation. This can be attributed to the fact that hospitals were overwhelmed with COVID-19 patients, leading to orthopedic surgeons being diverted to provide care for them. In addition, elective surgeries and interventional orthopedic procedures were postponed or cancelled to minimize the risk of exposure to the virus and to conserve essential resources such as personal protective equipment. PubMed reported a surge in hospital overcrowding due to COVID-19 patients in November 2021, which further exacerbated the situation.

Major developments in the global market for medical ceramics

In November 2021, the Journal of the American Ceramic Society published data indicating that advanced ceramic materials are well-suited for a variety of implantable medical devices due to their biocompatibility and wear-resistance. These materials, including zirconia and alumina, are effective in withstanding the challenging environment of the human body, making them suitable for applications ranging from drug delivery devices and stimulators to implantable electronic sensors. The Ceramics Society predicts that the global ceramics market will reach $287 billion by 2022. Monolithic ceramics, which make up about 79% of the total share of medical ceramics, are a major type of advanced ceramics used in these applications. The primary application areas for medical ceramics include bio-ceramics, electrical and electronics, and defense.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬  𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐔𝐩 𝐓𝐨 𝟐𝟓% 𝐎𝐅𝐅 @ https://www.coherentmarketinsights.com/insight/buy-now/1261

Important Figures

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 are among the top players in the global medical ceramics market.

Report Attribute Details
The market size value in 2023 USD 4,795.13 million
The revenue forecast in 2030 USD 7,690.12 million
Growth Rate CAGR of 6.1%
The base year for estimation 2022
Historical data 2017 – 2021
Forecast period 2023 – 2030
Growth Drivers:
  • Rise in surgical procedures related to orthopedic and dental implants
  • Development of novel product varieties with higher mechanical strengths and flexibility
Restraints & Challenges:
  •  Radioelements found in ceramics showing devastating effects on organs and tissues

Restraints in the global medical ceramics market

The growth of the global medical ceramics market is impeded by several factors, including the presence of radioelements in ceramics that can cause severe damage to organs and tissues, such as organ failure, tissue tearing, bursitis, and sprains. Despite being generally considered non-toxic, some fully refined medical ceramics have been found to contain small amounts of radioelements that can have detrimental effects on the body.

Table of Contents with Major Points:

Executive Summary

  • Introduction
  • Key Findings
  • Recommendations
  • Definitions and Assumptions

Executive Summary

Market Overview

  • Definition of Medical Ceramics Market
  • Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Trends and Developments

Key Insights

  • Key Emerging Trends
  • Key Developments Mergers and Acquisition
  • New Product Launches and Collaboration
  • Partnership and Joint Venture
  • Latest Technological Advancements
  • Insights on Regulatory Scenario
  • Porters Five Forces Analysis

Qualitative Insights Impact of COVID-19 on Global Medical Ceramics Market

  • Supply Chain Challenges
  • Steps taken by Government/Companies to overcome this impact
  • Potential opportunities due to COVID-19 outbreak

Conclusion 

Appendix

  • Data Sources
  • Abbreviations
  • Disclaimer

TOC Continued…!

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☛ Identified business opportunities – Our market research report can be used to analyze potential markets and new products. It can give information about customer needs, preferences, and attitudes. Also, it compare products and services.

☛ A clear understanding of your customers – A market report gives company’s marketing department an in-depth picture about customers’ needs and wants. This knowledge can be used to improve products, prices, and advertising.

☛ Clear data-driven insights – Our Market research encompasses a wide range of activities, from determining market size and segment to forecasting demand, and from identifying competitors to monitoring pricing. All of these are quantified and measurable which means that gives you a clear path for building unique decisions based on numbers.

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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