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The global medical ceramics market is projected to reach USD 3.6 billion by 2027 from USD 2.6 billion in 2022, registering a CAGR of 6.6% between 2022 and 2027. The growing demand for medical ceramics in plastic surgeries & wound healing applications; inc

09-02-2022 08:43 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MR Accuracy report

Medical ceramic requires pre-market approval and is classified under class I (includes surgical instruments), class II (includes medical instruments), class III (includes implants), and class IV (includes pacemakers) devices. A wide variety of medical ceramics have been approved in the U.S. (FDA approval), Europe (CE mark approval), and a few regions of Asia (MHLW approval). The stringency of these procedures delays the launch of highly beneficial devices and increases the expenses manufacturers incur to meet the regulatory policies proposed by the FDA and CE.

Increase in demand for medical ceramics in the healthcare industry gives rise to growth opportunities for manufacturers. Government initiatives further provide a platform for participants to capitalize on the opportunities. Governments, especially in developed countries, have increased funding for R&D initiatives for the development of novel technologies. Demand for medical ceramics is directly dependent upon the sales of medical implants and devices.

Companies covered-

CeramTec GmbH (Germany), KYOCERA Corporation (Japan), Morgan Advanced Materials (UK), Nobel Biocare Services (Switzerland), Tosoh Corporation (Japan), Institut Straumann (Switzerland), 3M (US), Royal DSM (DSM) (Netherlands), Elan Technology (US), Bakony Technical Ceramic Ltd. (Hungary), Superior Technical Ceramics (US), QSIL Ceramics GmbH (Germany), NGK Spark Plug (Japan), CoorsTek, Inc. (US), BCE Special Ceramics (Germany), Advanced Ceramic Materials (US), Berkeley Advanced Biomaterials (US), Kuraray Noritake Dental (Japan), Ferro Corporation (Japan), Washington Mills (US), H.C. Stark GmbH (Germany), CAM Bioceramics (The Netherlands), CaP Biomaterials (US), and Berkeley Advanced Biomaterials (US). Major 25 players covered.

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Medical Ceramics Market Dynamics
Driver: Rising number of hip and knee replacement procedures
The rising incidence of age-related disorders (such as rheumatoid arthritis, osteoarthritis, osteoporosis and fractures) and sports injuries drive the demand of knee and hip replacement procedures worldwide. According to the WHO, osteoarthritis will be the world's fourth-leading cause of disabilities by 2020. According to the American Academy of Orthopedic Surgeons (AAOS), by 2030, ~3.5 million knee replacement procedures will be performed annually in the US. Also, by 2030, it is estimated that more than 570,000 primary total hip replacement procedures will be performed annually in the US.

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As per the American Joint Replacement Registry (AJRR) Report, as of July 2020, approximately 2 million joint replacement procedures were performed in the US. The increasing number of hip and knee replacement procedures is considered a positive indicator of market growth. Medical ceramics are widely used in manufacturing hip and knee replacement devices.

Restraint: Stringent clinical & regulatory processes
The development of medical ceramic products has time-consuming processes and expensive clinical trials. These products must be implanted inside the human body, and comply with the ISO biocompatibility testing standards. The regulatory procedures are complicated, restrictive, and depend on the composition of ceramics and their future applications, making the approval process for medical ceramic products cumbersome, expensive, and time-consuming. This factor may act as a restraint in the medical ceramics market

Opportunity: Gradual shift toward new materials and products
Dental restoration products are gradually shifting from traditional porcelain-fused-to-metal (PFM) products towards all-ceramics prosthetics & products made of biomaterials. Zirconium oxide is a tough ceramic biomaterial used in preparation of prosthetics. Zirconium is not only aesthetically more appealing but is also found to be much stronger and resistant to fractures. It also increases the ease of cementation compared to adhesive bonding used in traditional prosthetics. With such advantages offered by Zirconium over traditional materials, many patients opt for zirconium crown and bridges. Several companies in the medical ceramics market are coming up with modified and upgraded biomaterials with higher biocompatibility and material strength.

Challenge: Shortage of skilled surgeons and dental professionals
According to the Lancet Commission on Global Surgery, ~ 2.2 million more surgeons, anaesthetics, and obstetricians are required annually in low- and - middle-income countries (LMICs). Also, major healthcare markets such as the US , Germany, and the UK are witnessing a shortage of surgeons in their healthcare systems

Medical Ceramics Market, by Material Type
Bioinert Ceramics
Zirconia
Aluminium Oxide
Other Bioinert Ceramics
Bioactive Ceramics
Hydroxyapatite
Glass Ceramics
Bioresorbable Ceramics

Medical Ceramics Market, by Application
Dental Applications
Dental Implants
Dental Crowns & Bridges
Braces
Inlays and Onlays
Dental Bone Grafts & Substitutes
Orthopedic Applications
Joint Replacement
Knee Replacement
Hip Replacement
Shoulder Replacement
Others
Fracture Fixation
Synthetic Bone Grafts
Surgical Instruments
Plastic Surgery
Craniomaxillofacial Implants
Orbital/Ocular Implants
Dermal Fillers

Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical ceramics market analysis from 2020 to 2030 to identify the prevailing medical ceramics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the medical ceramics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global medical ceramics market trends, key players, market segments, application areas, and market growth strategies.

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You can edit or delete your press release The global medical ceramics market is projected to reach USD 3.6 billion by 2027 from USD 2.6 billion in 2022, registering a CAGR of 6.6% between 2022 and 2027. The growing demand for medical ceramics in plastic surgeries & wound healing applications; inc here

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