IMARC Group, a leading market research company, has recently releases report titled “Medical Ceramics Market Report by Type (Bioinert, Bioactive, Bioresorbable, and Others), Application (Orthopedic, Implantable Devices, Dental, Surgical and Diagnostic Instruments, and Others), End User (Hospitals and Clinics, Pharmaceutical and Biotechnology Companies, and Others), and Region 2023-2028”, The study provides a detailed analysis of the industry, including the global medical ceramics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the medical ceramics market?
The global medical ceramics market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
What are medical ceramics?
Medical ceramics, or biomedical ceramics, are specialized ceramic materials specifically designed for medical applications. They are recognized for their unique properties, including biocompatibility, resistance to wear, and overall durability. They are used in various medical procedures, from bone grafts to replace damaged bone tissue to dental implants that provide a sturdy and lasting replacement for missing teeth. These ceramics are also employed in devices such as pacemakers due to their electrical properties. Their inert nature ensures they do not react with the body or cause allergic reactions, making them ideal for long-term implantation. Due to advancements in the healthcare industry, the demand for high-quality, reliable materials like medical ceramics is increasing, signifying their crucial role in modern medicine. At present, medical ceramics finds extensive applications in dental implants, orthopedic implants, diagnostic instruments, and prosthetic devices across the globe.
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What are the growth prospects and trends in the medical ceramics industry?
The global medical ceramics market is primarily driven by the escalating demand for medical devices and implants, particularly dental and orthopedic implants, due to an aging global population and the rising prevalence of dental and musculoskeletal disorders. Apart from this, ongoing advances in ceramic manufacturing that offer enhanced biocompatibility and durability has accelerated the adoption of medical ceramics in many medical applications. Moreover, the rapid expansion in medical tourism, especially in countries providing high-quality healthcare at reduced costs, is another major growth-inducing factor. Additionally, continuous research and development (R&D) in the field and the introduction of advanced ceramics that cater to a wider range of medical applications are propelling market growth. Furthermore, the heightening awareness and expenditure in healthcare has augmented the demand for medical ceramics, especially in emerging economies, thereby contributing to market growth. Other factors, including improving minimally invasive surgical procedures, growing partnerships between manufacturers and research institutions, and rising public and private investments in healthcare infrastructure, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Bioinert
- Bioactive
- Bioresorbable
- Others
Breakup by Application:
- Orthopedic
- Implantable Devices
- Dental
- Surgical and Diagnostic Instruments
- Others
Breakup by End User:
- Hospitals and Clinics
- Pharmaceutical and Biotechnology Companies
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Co.
- CeramTec GmbH
- CoorsTek, Inc.
- Medical Device Business Services, Inc.
- Starck Tungsten GmbH
- KYOCERA Corporation
- Morgan Advanced Materials Plc
- Ngk Spark Plug Co., Ltd.
- Institut Straumann AG
- Zimmer Biomet Holdings, Inc.
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