Medical Ceramics Market Research Report: Sales, Volume, Revenue and Players Analysis 2030

Allied Market Research has recently released a report titled "Medical Ceramics - Global Opportunity Analysis and Industry Forecast, 2014-2022", revealing insights into the global medical ceramics market. The report indicates that the market was valued at $3,850 million in 2015 and is projected to reach $5,841 million by 2022, with a CAGR of 6.2% from 2016 to 2022. Throughout the forecast period, the implants segment is anticipated to be the highest revenue contributor, with the U.S. maintaining its leading position in the global market since 2015.

Prime determinants of growth

Increase in demand for medical ceramics from the healthcare industry, increase in awareness of oral hygiene and aesthetics, and several government initiatives for R&D activities drive the growth of the global medical ceramics market. However, volatility in prices of medical ceramics due to varying mining outputs and trade sentiments hinder the market growth. Contrarily, sharp rise in global population and increase in geriatric population is driving the sales of medical devices and implants, which presents new opportunities in the coming years.

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The escalating demand for medical ceramics from the medical device industry presents promising growth prospects. The unique properties of medical ceramics such as high compressive strength and biodegradability, crucial for bone implants, are driving market expansion. Medical ceramics mitigate bone ingrowth, thereby enhancing their adoption. The burgeoning applications of medical ceramics, including various types of implants such as inartificial joints, bone plates, screws, and dental implants, have opened up new avenues for market growth. The rise in the ceramic implants market has further fueled the demand for medical ceramics due to their ability to mimic natural bone properties.

In the implants segment, ceramics are favored for their rigidity, reducing the risk of bacterial growth in the absence of prosthetics. Zirconia and alumina are the predominant ceramic materials used for implant development, with zirconia expected to witness the fastest growth followed by piezo ceramics. Alumina remains the most commonly utilized ceramic for orthopedic implants due to its high resistance and biochemical inertness.

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The bioinert segment to maintain its lead position during the forecast period

Based on type, the bioinert segment accounted for the largest share in 2020, contributing to more than two-fifths of the global medical ceramics market, and is projected to maintain its lead position during the forecast period. This is due to its wide usage in the orthopedic & dental industry. However, the piezo ceramics segment is expected to portray the largest CAGR of 6.4% from 2021 to 2030, owing to the presence of an array of applications.

North America to maintain its dominance by 2030

Based on region, North America held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global medical ceramics market. This is attributed to the high prevalence of dental decay, increasing injuries, and the rapid adoption of medical ceramics. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.2% during the forecast period. The presence of huge population and increasing awareness of the advantages of medical ceramics among the individuals are major factors for the demand of medical ceramics in this region.

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Key companies profiled in the report include CoorsTek Inc., Zimmer Holdings, Inc., Straumann, Stryker, Kyocera Corporation, H.C. Starck GmbH, 3M ESPE, Nobel Biocare Services AG, Morgan Advanced Materials, and DePuy Synthes.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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