Medical Ceramics Market is expected to grow by US$ 4.89 Billion during 2022-2030, Accelerating at a CAGR of 6.4%, Growth Plus Reports
NEW YORK, Oct. 6, 2022 /PRNewswire/ -- According to a new market research report titled, "Medical Ceramics Market by Material (Bioinert Ceramics, Bioactive Ceramics, Bioresorbable Ceramics, Piezoceramics), by Application (Dental, Orthopedic, Cardiovascular, Surgical Instrument, Diagnostic Instrument, Plastic Surgery, Others) – Global Outlook & Forecast 2022-2030" published by growth plus reports, the medical ceramics market is expected to grow at a CAGR of 6.4% from 2021 to reach US$ 4.89 billion by 2030. Owing to the rise in orthopedic disorders and the rise in the number of joint replacements.
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Market Drivers
The primary driver of the global medical ceramics market is the increased demand for medical implants resulting from rising incidence of chronic diseases including cardiovascular diseases (CVDs), spinal cord disorders, etc. The demand for medical ceramics is rising because of an increase in the usage of the material in wound care and plastic surgery. Additionally, there is an increase in the number of geriatric and obese people, which is driving up demand for hip and knee replacement surgeries and contributing significantly to the expansion of the global market. The growing rate of dental implant procedures is also propelling the global medical ceramic market forward.
The global medical ceramics market has been analyzed from four perspectives – material, application, and region.
Excerpts from 'By Material Segmentation'
Based on material types, the global medical ceramics market is divided into:
- Bioinert Ceramics
- Bioactive Ceramics
- Bioresorbable Ceramics
- Piezoceramics
The bioinert ceramics segment dominates the global medical ceramics market with the largest market share in 2021. The bioinert ceramics segment is further sub-segmented in zirconia, alumina, and others. Zirconia holds the majority of this market due to its great mechanical and fracture toughness. Zirconia is in higher demand because of its numerous beneficial properties, which include a smooth surface, a thick texture, resistance to abrasion and corrosion, strong chemical stability, and excellent biocompatibility. Additionally, medical ceramics made of zirconia have strong traction and compression resistance as well as mechanical properties that are comparable to those of stainless steel, which is helping the segment expand.
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Excerpts from 'By Application Segmentation'
Based on application, the global medical ceramics market is categorized into:
- Dental
- Orthopedic
- Cardiovascular
- Surgical Instrument
- Diagnostic Instrument
- Plastic Surgery
- Others
With the biggest market share in 2021, the orthopedic segment dominated the global medical ceramics market. The orthopedic segment is further sub-segmented into joint replacement, fracture fixation, and orthobiologics. The significant market share of the orthopedic segment is mostly due to the increase in orthopedic disorders and the ageing population, who are more susceptible to osteoarthritis. according to the Global Burden of Disease Study, in 2019 there are more than 500 million people affected by osteoarthritis worldwide which accumulates around 7% of the world's population. Additionally, the demand for medical ceramics is rising as a result of an increase in bone fractures and joint replacement surgery.
Excerpts from 'By Region Segmentation'
Based on region, the global medical ceramics market has been segmented into:
- North America
- Europe
- Asia Pacific
- Rest of the World
North America dominated the global Medical Ceramics market in 2021, followed by Europe and Asia Pacific. North America's large share of the medical ceramics market can be attributed to the increased number of orthopedic disorders. Moreover, the rising geriatric and obese population and rise in the number of joint replacement procedure is also boosting the segment growth. According to the American Joint Replacement Registry (AJRR) in 2021 around 2.2 million people in the U.S. went through hip and knee replacement procedure. The rising demand for plastic surgeries and dental implants is also increasing the demand for medical ceramics. Additionally, it is anticipated that the region's growth would be fueled by the robust healthcare infrastructure, presence of major market participants, and the continuous rise in medical ceramics innovation.
Excerpts from 'Competitive Landscape'
Some of the prominent players operating in the global medical ceramics market are:
- Kyocera Corporation
- CeramTec GmbH
- Morgan Advanced Materials
- Institut Straumann AG
- Rauschert GmbH
- Tosoh Corporation
- 3M Company
- Royal DSM
- Elan Technology
- Bakony Technical Ceramic Ltd
- Zimmer Biomet
- Superior Technical Ceramics
- QSIL Ceramics GmbH
- CoorsTek Inc
- Advanced Ceramic Materials
- Berkeley Advanced Biomaterials
- Kuraray Noritake Dental
- DePuy Synthes
Table of Content
- INTRODUCTION
1. Market Ecosystem
2. Timeline Under Consideration
1. Historical Years – 2020
2. Base Year – 2021
3. Forecasted Years – 2022 to 2030
3. Currency Used in the Report - RESEARCH METHODOLOGY
1. Research Approach
2. Data Collection Methodology
3. Data Sources
1. Secondary Sources
2. Primary Sources
4. Market Estimation Approach
1. Bottom Up
2. Top Down
5. Market Forecasting Model
6. Limitations and Assumptions - PREMIUM INSIGHTS
1. Current Market Trends (COVID-19 Perspective)
2. Key Players & Competitive Positioning (2021) - MARKET DYNAMICS
1. Drivers
2. Restraints/Challenges
3. Opportunities - GLOBAL MEDICAL CERAMICS MARKET - ANALYSIS & FORECAST, BY MATERIAL
1. Bioinert Ceramics
1. Zirconia
2. Alumina
3. Others
2. Bioactive Ceramics
1. Hydroxyapatite
2. Glass
3. Bioresorbable Ceramics
4. Piezoceramics
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
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