Nowadays, ceramics have been extremely popular in the manufacturing of medical devices. Advanced ceramics, also called technical ceramics, are becoming more critical in the medical industry. It is a material utilized for various human contact and non-contact applications in the medical industry. These materials are chiefly used to manufacture medical implants, devices, disposables (gloves, vials, tools), and packaging. Medical ceramics are biocompatible and either remain inert or is easily processed by the human body. According to the publisher, the Global Medical Ceramics Market is projected to reach US$ 29.1 Billion by 2027.
Moreover, the major driving factor for Medical Ceramics Market is sales of medical implants and devices due to the increase in the number of patients worldwide opting for dental implants and joint reconstruction surgeries. The orthopaedic and cardiovascular disease would further demand various products made up of medical ceramics like a heart valve, hip replacement, knee replacement, etc. For Ex- According to the American Academy of Implant Dentistry, approximately 3 Million people have dental implants, which are growing by 500,000 every year.
Based on the Type of Material
The global medical ceramics market is segmented into Bio-inert, Bioactive, Bioresorable, and Piezo-ceramics. The bio-inert ceramics segment accounted for the largest market share; it exhibits high fracture toughness, excellent resistance to wear & corrosion, low thermal conductivity, and higher bending & tensile strength. It is widely used in the orthopaedic & dental industries. The Global Medical Ceramics Market is likely to grow at a CAGR of 8.63% during 2020-2027.
Further, Ceramics are commonly used in the medical field’s application such as Regenerative Procedures, Medical Equipments, Dental and Orthopedic. Dental and bone implants. Surgical cermets are used regularly. Joint replacements are usually coated with bioceramic materials to decrease wear and inflammatory response. Other examples of medical uses for bioceramics are pacemakers, kidney dialysis machines, and respirators.
Regional Analysis of Medical Ceramics Industry
In North America, there is an extensive demand for medical ceramics due to the widespread use of implantable medical devices and an increase in the number of osteoporotic fractures in the United States and the emergence of many medical device manufacturers in this region. According to the National Osteoporosis Foundation (NOF), more than 1.3 Million osteoporotic fractures occur in the United States per year.
Additionally, Europe and the Asia Pacific are also projected to expand significantly. The rise in medical tourism due to the growing demand for plastic surgeries, increase in cancer incidence, growing prevalence of cardiovascular diseases, and increasing number of conferences and symposiums positively affect the medical ceramics market. The Worldwide Medical Ceramics Market Size was estimated at US$ 16.3 Billion in 2020.
Medical Ceramics Companies Performance
This report has studied the following key players: CeramTec GmbH, Kyocera Corporation, Morgan Advanced Materials, 3M, DSM, NGK Spark Plug Co., Ltd., DePuy Synthes Zimmer Biomet Holding Inc., and Straumann. To sustain the intense market competition, all the companies have adopted various business strategies, such as product launch, research and development, acquisition, collaboration and partnership. In 2021, CeramTec Group acquires Dentalpoint AG to expand its ceramic Medtech leadership.
This latest report “Medical Ceramics Market by Type of Material (Bio-inert, Bioactive, Bioresorable, and Piezo-ceramics), Application (Regenerative Procedures, Medical Equipments, Dental and Orthopedic), Region (North America, Europe, Asia Pacific, Rest of World), Companies (CeramTec GmbH, Kyocera Corporation, Morgan Advanced Materials, 3M, DSM, NGK Spark Plug Co. Ltd., DePuy Synthes, Zimmer Biomet Holding Inc., and Straumann)” provides a detailed analysis of Medical Ceramics Industry
Type of Material - Global Medical Ceramics Market has been covered from 4 Viewpoints:
1. Bio-inert
a) Alumina
b) Zirconia
2. Bioactive
a) Hydroxyapatite
b) Glass Ceramics
3. Bioresorbable
4. Piezo-ceramics
Application - Global Medical Ceramics Market have been covered from 4 Viewpoints:
1. Regenerative Procedures
2. Medical Equipment
3. Dental Applications
4. Orthopedic Applications
Region - Global Medical Ceramics Market have been covered from 4 viewpoints:
1. North America
2. Europe
3. Asia-Pacific
4. Rest of World
Company Insights:
- Overview
- Company Initiatives
- Sales Analysis
Companies Covered:
1. CeramTec GmbH
2. Kyocera Corporation
3. Morgan Advanced Materials
4. 3M
5. DSM
6. NGK Spark Plug Co. Ltd.
7. DePuy Synthes
8. Zimmer Biomet Holding Inc.
9. Straumann
What is the estimated value of the Global Medical Ceramics Market?
What is the growth rate of the Global Medical Ceramics Market?
What is the forecasted size of the Global Medical Ceramics Market?
Who are the key companies in the Global Medical Ceramics Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | August 2021 |
| Forecast Period | 2020 - 2026 |
| Estimated Market Value ( USD
| USD 16.3 Billion |
| Forecasted Market Value ( USD
| USD 29.1 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary
Companies Mentioned
- CeramTec GmbH
- Kyocera Corporation
- Morgan Advanced Materials
- 3M
- DSM
- NGK Spark Plug Co. Ltd.
- DePuy Synthes
- Zimmer Biomet Holding Inc.
- Straumann
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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