Medical ceramic is an important component in the manufacture of a variety of implantable devices, primarily related to hip prostheses, knees, shoulders, wrists, fracture fixation, and bone grafts, such as orthopedic implants. Cardiovascular implants such as heart valves, pacemakers, catheters, grafts, and stents are manufactured using medical ceramic raw materials. It is further used in the manufacture of dental implants such as enamel, padding, prostheses, and orthodontics. Hearing implants, such as cochlear implants, are manufactured using medical ceramics. Acceptance of medical ceramics is expected to increase over the next few years with rise in demand for implantable devices in a variety of areas such as cardiovascular, dental, and orthopedics
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The global medical ceramic market growth is driven by increasing demand for medical implants, as they are artificial devices used to replace damaged or missing biological parts. Implants help manage medication, monitor physical function, and support organs & tissues in a variety of applications such as dentistry, orthopedics, and the cardiovascular field. The market growth is driven by growing medical needs for the elderly, advances in medical technology, and rise in incidence of chronic diseases such as osteoarthritis, cardiovascular disease, neuropathy, and congenital disorders. A significant increase in the elderly population is expected to increase the demand for joint reconstruction, cardiovascular surgery, denture surgery, and hearing implants. These factors, in turn, are expected to support the demand for the hearing, orthopedics, and dental implant.
The healthcare industry is growing rapidly, offering growth opportunities for medical ceramic manufacturers. Brazil, Russia, India, China, and South Africa (BRICS) are one of the fastest growing economies in the world. As the elderly population grows in these countries, the demand for medical facilities and equipment is expected to increase, potentially driving the medical ceramics market growth. Rise in demand is attributed to low prices of dental treatment and development of its medical infrastructure in these countries compared to the developed countries.
It is difficult to find debris in medical ceramic structures and any internal cracks or wear in the ceramic matrix components. Lack of skilled labor and proper technique to repair further highlights the problem of reparability. Medical ceramics have a long life but cannot be recycled. This is one of the major restraints for the growth of the medical ceramics market. Due to long life and varied optical & mechanical properties of medical ceramics, different composites are used in various end-user applications which can be recycled and repaired.
The COVID-19 outbreak impacted the global medical ceramics market as demand for medical ceramics from end use applications declined for a short-term period at the beginning of 2020. The global spread of COVID-19 led to the complete suspension of elective surgeries, especially in the most-affected countries. Some regions witnessed a 70% reduction in the number of patients seeking aesthetic treatments from January 2020 onward. Moreover, several dental events have been postponed due to the COVID-19 pandemic.
The global medical ceramics market is segmented on the basis of type, application, and region.
By type, medical ceramics are classified into bio-inert, bio-active, bio-resorbable, and piezo-ceramics. Bio-inert ceramics form bulk of the medical ceramics market and include aluminum oxide, zirconia, and carbon. Key bio-active ceramics, such as are hydroxyapatite (HAP), glass & bio-glass, and zirconia alumina composite, are used as formative materials. By application, the market is classified into medical implants, devices, disposables (gloves, vials, tools), and packaging. The global medical ceramics market is analyzed based on four regions, which include North America, Europe, Asia-Pacific, and LAMEA. Due to high prevalence of dental decay, increase in injuries, and rapid adoption of medical ceramics in the medical devices market, North America is expected to account for the largest market share. Asia-Pacific is expected to be the fastest-growing regional medical ceramics market due to a large number of adults residing in the region suffering from dental avulsion, tooth decay, and gum disease, resulting in loss of teeth.
The key players operating in the global medical ceramics market are 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. Other prominent players in the value chain include Advanced Ceramics Research Inc., Advanced Monolythic Ceramics Inc., Advanced Industrial Ceramics, APC International Ltd., AVX Corporation, CeramTec GmbH, and Advanced Cerametrics Inc., are competing for the share of the market through product launches, joint ventures, partnerships, and expanding the production capabilities to meet the future demand for the medical ceramics market in the forecast period.
COVID-19 Impact Analysis:
COVID-19 severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, businesses, financial institutions, industrial establishments, and infrastructure companies. This pandemic outbreak had a certain impact on the development of the medical ceramic market, due to unavailability of labor, and international transportation lockdown has an impact on the raw material distribution and production of various products. Increase in the demand for pharmaceuticals during the outbreak of coronavirus has created an opportunity for manufacturers to expand the market.
Key Benefits For Stakeholders
- This report provides a detailed quantitative analysis of the current medical ceramics market trends and estimations from 2020 to 2030, which assists in identifying the prevailing opportunities.
- An in-depth analysis of medical ceramics market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate specific plans.
- A comprehensive analysis of the factors driving and restraining the growth of the market is provided.
- Region-wise and country-wise market conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
- Extensive analysis of various regions provides insights to enable companies to strategically plan their business moves.
This report profiles key market players, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global medical ceramics market.
Key Market Segments
By Application
- Devices
- Implant
- Disposables
- Packaging
By Type
- Bioinert
- Bioactive
- Bioresorbable
- Piezo Ceramics
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 3M ESPE
- CoorsTek Inc
- DePuy Synthes
- H.C. Starck GmbH
- Kyocera Corporation
- Morgan Advanced Materials
- Nobel Biocare Services AG
- Straumann
- Stryker
- Zimmer Biomet
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Table of Contents
Executive Summary
According to this report titled, 'Medical Ceramics Market,' the medical ceramics market was valued at $17.5 billion in 2020, and is estimated to reach $29.4 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030.Medical-grade ceramic is a material widely used in applications such as the development of prosthetics, implants, and medical tools & devices. Medical ceramics are used to repair or replace musculoskeletal hard connective tissues. They further have clinical applications such as orthopedic implants, dental implants, and bone screws.
The medical ceramic market growth is driven by increase in awareness of oral hygiene and aesthetics, with high acceptance of all-ceramic implants, various orthopedic and dental applications such as hips and dentures, and rise in awareness of medical ceramics. This led to increased private investment and increased manufacturing of medical ceramics for a variety of applications. It is expected to accelerate the growth of the market as the global elderly population grows. In addition, significant increase in demand for medical procedures has led to rise in demand for medical ceramics in the healthcare market. Increase in medical procedures due to surge in incidence of chronic diseases is driving the medical ceramics market growth. The Asia-Pacific medical ceramics market is projected to grow due to factors such as rise in demand for medical device outsourcing in emerging markets such as India and China, unmet medical needs, and constant improvements in infrastructure in the healthcare. In addition, the fact that Asian countries such as China are producing low-cost medical devices to meet a shortage of patients is further expected to drive the medical ceramics market.
Development of healthcare industry in advanced countries and rise in research activities for nanotechnology and electronic devices applications is further expected to provide potential opportunities for the growth of the medical ceramics market in the coming years. However, concerns regarding reparability and the recycling processes, and lack of trained surgeons & dental professionals might challenge the growth of the medical ceramics market in the near future. The presence of harmful effects posed by medical ceramics and unmet medical needs are expected to restrict the market growth.
The global medical ceramics market is segmented on the basis of type, application, and geography.
Based on type, medical ceramics are classified into bio-inert, bio-active, bio-resorbable, and piezo-ceramics. Bio-inert ceramics form bulk of the medical ceramics market and include aluminum oxide, zirconia, and carbon. Key bio-active ceramics, such as are hydroxyapatite (HAP), glass & bio-glass, and zirconia alumina composite, are used as formative materials. Based on application, the market is classified into medical implants, devices, disposables (gloves, vials, tools), and packaging. The global medical ceramics market is analyzed based on four regions, which include North America, Europe, Asia-Pacific, and LAMEA. Due to the high prevalence of dental decay, increase in injuries, and rapid adoption of medical ceramics in the medical device market, North America is expected to account for the largest market share. Asia-Pacific is estimated to be the fastest-growing regional medical ceramics market due to a large number of adults residing in the region suffering from dental avulsion, tooth decay, and gum disease, resulting in loss of teeth.
The key players operating in the global medical ceramics market are 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. Other prominent players in the value chain include, Advanced Ceramics Research, Inc., Advanced Monolythic Ceramics, Inc., Advanced Industrial Ceramics, APC International Ltd, AVX Corporation, CeramTec GmbH, and Advanced Cerametrics Inc. are competing for a share of the market through product launches, joint ventures, partnerships, and expanding the production capabilities to meet the future demand for the medical ceramics market in the forecast period.
Key findings of the Study
- By region, North America accounted for the largest market share in 2020.
- Depending on type, bio-inert segment held the largest market share in 2020.
- According to application, implants segment held the largest market share in 2020.
IMPACT OF COVID-19 ON THE GLOBAL MEDICAL CERAMICS MARKET
- The emerging COVID-19 had less impact on growth of the global medical ceramics market during the pandemic outbreak period.
- This impact is mostly attributed to significant disruptions in raw material transportation, unavailability of labor, and shutdown of many manufacturing industries.
- The decrease in demand for many non-essential products and shut down of manufacturing industries created a negative impact on the development of global medical ceramics market.
Companies Mentioned
- 3M ESPE
- CoorsTek Inc
- DePuy Synthes
- H.C. Starck GmbH
- Kyocera Corporation
- Morgan Advanced Materials
- Nobel Biocare Services AG
- Straumann
- Stryker
- Zimmer Biomet
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 196 |
Published | April 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 17.5 billion |
Forecasted Market Value ( USD | $ 29.4 billion |
Compound Annual Growth Rate | 5.3% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |