Major players of the Medical Ceramics Market are facing hurdles keeping their production facilities operational due to the paucity of adequate personnel and resources amidst the COVID-19 (Coronavirus) outbreak. Get a first-hand peek into the key drivers and threats to the Medical Ceramics Market to make your company future-ready post the pandemic. Avail our market reports at unbelievable prices to capitalize on opportunities.
Medical Ceramics Market Analysis
Global medical ceramics market is expected to exhibit a strong 6.5% CAGR over the forecast period from 2017 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.
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.
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Medical Ceramics Market Competitive Analysis:
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, Stryker, Straumann, Zimmer Holdings Inc., and 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.
Medical Ceramics Market Segmentation:
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.
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Medical Ceramics Market Regional Analysis:
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. Asia Pacific is also expected to exhibit steady growth in the coming years.