Medical Ceramics Market Is Expected to Expand at Close to 6% CAGR Through 2031

Rise in application in various medical fields such as dental implants, bone implants, and kidney dialysis machines and equipment has been fuelling sales of medical ceramic products since the past decade. Despite getting battered due to the onset of COVID-19, overall market outlook remains positive for the future.
While demand for medical ceramics in X-ray tubes, hand tools, valves, femoral head implants for hip replacement, and other medical applications will become prominent over the coming years, factors such as advancements in medical devices and equipment, increase in per capita expenditure on healthcare, and increasing investments by governments and various organizations in healthcare are forecast to further raise the revenue of medical ceramic product manufacturers.
As stated in a new report by Fact.MR, the global medical ceramics market is projected to ascend at close to 6% CAGR over the forecast period of 2021 to 2031.

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Key Takeaways from Market Study

• High requirement for bioresorbable materials likely to persist
• Rise in application in dental sector to boost growth of medical ceramic product suppliers
• Asia Pacific market to exhibit highest growth during the forecast period, with China, Japan, and India at the forefront
• The United States to take the spotlight in North America
• Germany remains dominant in the European medical ceramics market
• France, South Korea, the United Kingdom, Canada, and a few others to emerge as lucrative markets

"Applications of medical ceramics are getting more diverse as manufacturers are targeting a broader range of medical areas, from dental to bone replacement,"
says a Fact.MR analyst.

Market Segmentation by Category

Application
• Dental
• Orthopedic
• Cardiovascular
• Plastic Surgery
• Other Applications
Type of Material
• Bioinert
• Bioactive
• Bioresorbable
• Piezoceramics
Region
• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania

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High Demand from Medical Sector Remains Key Driving Factor

Exclusive properties of medical ceramic products such as high compressive strength, hardness, non-toxicity, and availability in various degrees of porosity are making them highly sought-after in broad categories of medical and healthcare applications, such as-
• Medical tools-
• blood shear valves for hematology testing, medical pumps, tissue engineering scaffolds, and others
• Dental Treatment-
• Dental prostheses, dental implants, and others
• Bio Ceramics
According to Select USA, the U.S is the largest medical device market in the world, with an estimated value of US$ 156 billion as in 2017. As per its report, the U.S. medical device industry is subject to reach US$ 208 billion by 2023. This represents the growth scope for stakeholders in the medical ceramics industry.

Competitive Landscape

Competition in the global medical ceramics market is getting fiercer by the day. As a result, key players are launching innovative products and entering into partnerships in order capture upcoming opportunities and sustain their positions. For instance,
Johnson & Johnson Medical Devices Company launched its new range of products such as PINNACLE® Hip Solutions, BIOLOX® Delta Ceramic Heads, and others, a couple of years back.
As announced on 4th February 2019, KYOCERA acquired 100% ownership of H.C. Starck Ceramics GmbH, a Germany-based manufacturer of advanced ceramics, in order to increase its sales footprint.

Key companies Profiled:
• 3M Company
• CeramTec GmbH
• CoorsTek, Inc.
• DePuy Synthes
• H.C. Starck GmbH
• Koninklijke DSM NV
• Kyocera Corporation
• Morgan Advanced Materials PLC
• NGK Spark Plug Co., Ltd.
• Rauschert GmbH & Co., KG
• Straumann
• Zimmer Biomet Holdings, Inc.

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What are the Key Challenges Faced by Providers of Medical Ceramic?

While the usage of medical ceramics is well-known, there are certain factors that often work as restraints for manufactures. For instance,
• The strength of ceramics is highly dependent on the presence of flaws, and they are often brittle in the long run, such as dental composites.
• Despite having application in bones, joints, and hips replacement, bio-compatibility is still an issue.

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This release was published on openPR.