Press release
Medical Ceramics Industry Records Fascinating Growth of CAGR 6.5% Zimmer, DePuy Synthes and CoorsTek Leads the Market Brief Market Forecast till 2023
Medical ceramics are biomaterials that find their applications in various medical processes. Medical ceramics are commonly used in dentistry, surgical implants, prosthetics, and various medical tools and devices. Medical ceramics also find their applications in gene therapy and tissue engineering.The global medical ceramics market is expected to grow due to rising cases in joint replacements, growing dental caries, and rising older population leading to rise in patient population. For instance, according to the World Health Organization (WHO), globally around 60 to 90 percent of school children are assumed to have dental cavities. Global medical ceramics market is expected to grow at a CAGR of 6.5% during the forecast period.
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Key Players
CoorsTek Inc.
Zimmer Holdings, Inc
Straumann
Stryker
Kyocera Corporation
H.C. Starck GmbH
3M ESPE
Nobel Biocare Services AG
Morgan Advanced Materials
DePuy Synthes.
Segments
The global medical ceramics market is segmented on the basis of type, application, and end-user.
On the basis of type, the 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 a 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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Regional Analysis
The North American medical ceramics market is a growing market in the Americas region. On a regional basis, the Americas region is segmented into North America and South America. North America is segmented into the U.S. and Canada. The increasing prevalence of cardiovascular disorders, along with the increasing older population eventually leading to an increase in patient population are likely to drive the market. Additionally, growing healthcare expenditure and the rising demand for technologically advanced treatments and products along with rising government support are likely to enhance the growth of the medical ceramics market in North America. For instance, according to the American Joint Replacement Registry, around 1,61,040 joint replacement procedures took place in the U.S. in 2016.
Europe is the second largest market and holds a strong share in the global medical ceramics market. The European market is expected to grow during the forecast period owing to the availability of innovative treatment facilities and rising research activities in medical ceramics for nanotechnology. Furthermore, rising cases in dental cavities along with rising population awareness regarding health are driving the growth of the medical ceramics market.
Asia Pacific is expected to be the fastest growing market. The increasing prevalence of chronic diseases is the major driver of market growth. China is the fastest growing region owing to an increasing population leading to rising patient population. Rising awareness about the health and availability of new treatment methods drive the market in this region. Rising healthcare expenditure and the rise in the standard of living are driving the growth of the medical ceramics market in the Asia Pacific region.
The Middle East and Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access, and availability of treatment facilities. In the Middle East, the United Arab Emirates is the largest market owing to the development of the healthcare industry and rising availability of specialty care centers.
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