Global Medical Ceramic Market is expected to experience a CAGR of 5.77% during the projection period (2024 to 2030)
The market is predicted to experience widespread growth precisely because of the increase in surgical strategies for orthopedic and dental implants. As the masses age, the superiority of orthopedic and dental issues is likewise growing, creating a higher demand for biocompatible and durable implants. For example, according to statistics published via the National Center for Biotechnology Information, knee injuries are the most common joint injuries in adolescent athletes, with an anticipated 754,000 knee arthroplasty surgical procedures performed internationally. Medical ceramics offer exquisite mechanical properties and corrosion resistance, making them a preferred choice for healthcare providers trying to improve patients' effects. As a result, medical ceramics in orthopedic and dental implants are expected to drive the enlargement of the market.The gradual shift towards new materials and merchandise has significantly reinforced the global medical ceramic market. With material science and production technology improvements, medical ceramics offer superior biocompatibility, durability, and corrosion resistance compared to conventional materials. For instance, in 2022, CeramTec GmbH, a Germany-based organization that manufactures and develops superior ceramic additives, acquired U.S. Food and Drug Administration (FDA) approval to design Ceram Tec’s novel total knee replacement device. This shift has facilitated the development of modern medical gadgets, implants, and prosthetics, meeting the evolving needs of healthcare carriers and sufferers. Consequently, the adoption of medical ceramics grows, employing growth in the global market.
North America holds most of the market share and is expected to maintain its position throughout the forecast period. High usage rates of implantable medical devices and diagnostic imaging equipment, coupled with a relatively more significant number of medical device manufacturers in this region, are some factors accounting for its large market share. However, the Asia-Pacific medical ceramics market is expected to proliferate due to increasing demand for medical device outsourcing in India and China, high unmet medical needs, and improving healthcare infrastructure. So, the global medical ceramic market was US$ 15.38 Billion in 2023.
Bioinert materials are one of the most common segments in the global medical ceramic market
The global medical ceramic market is fragmented into Bioinert, Bioactive, Bioresorbable, and Piezo Ceramics by material type. Bioinerts are among the distinguished material types within the medical ceramic market. This is because of their notable biocompatibility and inert nature, which decrease destructive tissue reactions. These substances, which include alumina and zirconia, exhibit high strength, wear resistance, and balance within the body, making them ideal for orthopedic implants and dental prosthetics. Their capability to combine seamlessly with surrounding tissues promotes higher effects on the patient and the sturdiness of implants. Besides, bioinert ceramics' resistance to corrosion ensures durability, decreasing the need for frequent replacements. As healthcare providers prioritize patient protection and implant toughness, bioinert materials remain prevalent within the global medical ceramic market.Dental applications are among the most prevalent global medical ceramic market parts
By application, the global medical ceramic market is categorized into Surgical Instruments, Plastic Surgery, Orthopedic applications, and Dental Applications. Dental applications are among the favored segments within the global medical ceramic market. This is due to the growing need for tasteful and sturdy dental restorations. Medical ceramics provide superior biocompatibility, strength, and natural look, making them perfect for dental crowns, bridges, and implants. With a growing consciousness of oral health and beauty dentistry, sufferers and practitioners prefer ceramic substances for their capacity to imitate natural teeth and provide long-lasting outcomes. Thus, dental applications propel significant increases in the medical ceramic market.The United States dominates medical ceramic market
By countries, the global medical ceramic market is divided into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey), Asia Pacific (China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand), Latin America (Brazil, Mexico, Argentina), Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa). The United States occupies the most influential part of the medical ceramic market. This region has the highest market share due to the excessive incidence of dental decay, increasing injuries, and the speedy adoption of medical ceramics in the medical devices market. The region's high need for dental services and adequate availability of dental professionals are expected to increase the local market. High utilization rates of implantable medical and diagnostic imaging devices, coupled with a notably greater variety of scientific device producers in this place, account for its large market percentage.Key Players
The significant businesses present in the global medical ceramic market are CeramTec GmbH, Kyocera Corporation, Morgan Advanced Materials, 3M, DSM, NGK Spark Plug Co., Ltd., DePuySynthes, Zimmer Biomet Holding Inc., Straumann, and BioMérieux SA.Material Type - Market breakup in 4 viewpoints:
1. Bioinert2. Bioactive
3. Bioresorbable
4. Piezo Ceramics
Application - Market breakup in 4 viewpoints:
1. Surgical Instruments2. Plastic Surgery
3. Orthopedic applications
4. Dental Applications
Countries - Market breakup in 25 Countries:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. CeramTec GmbH2. Kyocera Corporation
3. Morgan Advanced Materials
4. 3M
5. DSM
6. NGK Spark Plug Co., Ltd.
7. DePuySynthes
8. Zimmer Biomet Holding Inc.
9. Straumann
10. BioMérieux SA.
Table of Contents
Companies Mentioned
- CeramTec GmbH
- Kyocera Corporation
- Morgan Advanced Materials
- 3M
- DSM
- NGK Spark Plug Co., Ltd.
- DePuySynthes
- Zimmer Biomet Holding Inc.
- Straumann
- BioMérieux SA.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 195 |
Published | February 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 15.38 Billion |
Forecasted Market Value ( USD | $ 22.78 Billion |
Compound Annual Growth Rate | 5.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |