ZMR

Global Medical Ceramics Market will grow at 6.4% CAGR to exceed $ 20.11Bn by 2022

News   •   Jan 17, 2018 08:45 EST

Medical ceramics are biocompatible ceramic materials owing to properties like wear resistance and light-weightedness. Medical ceramics are an important subset of biomaterials. The main application of the medical ceramics is in the medical operative procedures. Medical ceramics are also termed as bioceramics. Bioceramics are also used in the surgical implants. Medical ceramics are both rigid & flexible in nature. The medical ceramics are related closely to body’s own materials or are durable metal oxides. The materials that are used in making medical ceramics are calcium phosphate and hydroxyapatite or aluminas, which are mainly, used in the orthopedic replacement surgeries.

According to the report, the global medical ceramics market accounted for USD 14.92 billion in 2016 and is expected to reach USD 20.11 billion by 2022, growing at a CAGR of around 6.4% between 2017 and 2022.

Request Free Sample Research Report @https://www.zionmarketresearch.com/sample/medical-ceramics-market

The increased awareness about healthcare and rise in customer confidence regarding clinical implant surgeries, rising number of consumers undergoing such surgeries are fueling the competitive environment. An elevated improvement in healthcare infrastructure of developing countries is anticipated to increase global demand for medical ceramics. The rapid arrival of novel product varieties in the market with higher mechanical strengths and flexibility is expected to provide an impetus to the medical ceramics market. The increasing incidences of the dental and orthopedic implant surgeries and the need for implantable medical devices are which would stimulate the bioceramics market growth. Nevertheless, volatility in alumina prices is expected to restrain the global bioceramics market within the study forecast period. Medical polymers are substituting bioceramics owing to similar inherent properties. Above mentioned factors are expected to hamper the entry of new players in the market. Minimally, invasive procedures and surgery cost reduction may have lucrative opportunities in future.

The global medical ceramics market is segmented into types, applications, and regions. Medical ceramics are now used in a number of different applications throughout the body. On the basis of the materials, the medical ceramics market is categorized into bioactive, bioinert and bioresorbable. Bioactive ceramics are further divided in bio glass and glass ceramics whereas the bioinert ceramics are sub divided into aluminum oxide (AL2O3) and zirconia oxide (ZrO2). Bio-inert ceramics are the latest development in this market space. These ceramics are high-strength ceramics and do not react with the body environment. They are hard, rough, offer low friction, and generate no adverse immune response, and have extensive usage in load-bearing body implants.

Based on the applications of the medical ceramics, the global market is segregated into orthopedic diagnostic instruments, implants, dental implants, surgical instruments, implantable electronic devices, therapeutic treatment for carcinogenic diseases. Dental implants are the largest application of medical ceramics. The growth of the dental implants market is attributed to the rising urban population and increasing consumer income across the globe.

Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/medical-ceramics-market

The medical ceramics market is globally diversified into regions such as North America, Asia-Pacific, Europe, Latin America and Middle East & Africa. North America’s bioceramics market is anticipated to grow intensely owing to research in bioceramics, increase in cancer patient’s rate, rising incidence of orthopedic diseases in the U.S and escalating funding and R&D activities in Canada.

Europe dominated the global medical ceramics market in 2016 owing to its increasing research and development activity and a higher number of the consumer base. Asia Pacific is expected to be the fastest growing region throughout the forecast period. Developing countries like China, India, South Korea, Indonesia is going to see the foremost growth owing to the increased use of bioceramic’s in dental surgeries & implants. Additionally, High utilization of diagnostic instruments, orthopedic implants, and other applications will boost the market growth. The major market growth factors in this region are competitive manufacturing costs, end-user applications, and growing economy.

The global medical ceramics market is vastly fragmented with small and large vendors operating in an extremely competitive environment. These players have a wide geographical presence with their production facilities located across the world. The market also has a significant number of small regional vendors. To endure in this intensely competitive market scenario, it becomes imperative for the vendors to differentiate their product and service offerings through clear and unique value propositions. The threat of new entry in this market is low because of the high market shares of existing players. There are a few companies that dominate the market. The key strategy of companies in this market includes the development of innovative products. Some of the key players in the medical ceramics are CeramTec GmbH, Morgan Advanced Materials, DePuy Synthes, 3M ESPE, CoorsTek Medical, Straumann, Stryker and Kyocera Corporation among others. Nobel Biocare, Royal DSM, Doceram Medical Ceramics, Carborundum Universal Ltd., Sagemax Bioceramics Inc., Jyoti Ceramic Industries Pvt. Ltd., Bonesupport, Amedica Corporation.

Browse detail report with in-depth TOC @https://www.zionmarketresearch.com/report/medical-ceramics-market