Global Medical Ceramics Market is expected to register a CAGR of 5.98% during the forecast period and is expected to hit USD 29,145.63 Million by 2027.
Medical-grade ceramics is a material widely used in applications such as the development of prosthetics, implants, medical tools & devices. Medical ceramics used to repair or replace musculoskeletal hard human connective tissues. They also have clinical applications such as orthopedic implants, dental implants, and bone screws.
The growing awareness about oral hygiene and aesthetics, increasing awareness regarding various orthopedic and dental applications such as hip and tooth replacements, rising private investment in medical ceramics, and increasing use of medical ceramics in various applications are anticipated to drive the global Medical Ceramics Market Size growth. However, factors such as harmful effects posed by medical ceramics and unmet medical needs are expected to restrict the market growth.
MRFR recognizes the following companies as the Key Players in the Global Medical Ceramics Market—Zimmer Biomet Holdings, Inc. (US), Institut Straumann AG (Switzerland), 3M (US), DePuy Synthes (US), Stryker (US), CoorsTek, Inc. (US), CeramTec (Germany), Nobel Biocare (Switzerland), Kyocera Corporation (Japan), and Rauschert Group (Germany).
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Global Medical Ceramics Market has been divided based on Type, Application, and End User.
The market, based on type, has been segregated into bioinert ceramics, bioactive ceramics, bioresorbable ceramics, and piezoceramics. The bioinert ceramics segment is further sub-segmented into zirconia, alumina, and others. The bioactive ceramics segment is further sub-segmented into hydroxyapatite and glass ceramics.
Based on application, the medical ceramics market has been divided into dental applications, orthopedic applications, cardiovascular, medical devices, plastic surgery, and others. The dental applications segment is further sub-segmented into dental implants, dental crowns & bridges, braces, inlays & onlays, and dental bone grafts & substitutes. The orthopedic applications segment is further sub-segmented into joint replacement, fracture fixation, and orthobiologics.
On the basis of end-user, the market is bifurcated into hospitals & clinics, specialty centers, and others.
Global Medical Ceramics Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa. The Americas is likely to hold the largest share of the global medical ceramics market during the assessment period owing to the high prevalence of dental decay, increasing injuries, and the rapid adoption of medical ceramics in the medical devices market. The high demand for dental services and adequate availability of dental professionals in the region is expected to fuel the growth of the regional market. For instance, as per the American Dental Association, Health Policy Resources Center, Supply of Dentists, 2017, there are more than 3,500 practicing prosthodontists and prosthodontic residents in the US.
The European market is expected to register significant growth over the forecast period due to a higher number of patients and the availability of products in the region. Asia-Pacific is estimated to be the fastest-growing regional market due to a large number of adults suffering from dental avulsion, tooth decay, and gum disease, resulting in loss of teeth. The medical ceramics market in Middle East & Africa is expected to witness gradual growth owing to the increasing presence of key players in the region offering medical ceramics.
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Key Findings of the Study
- Global Medical Ceramics Market was valued at USD 19,942.58 Million in 2019 and is expected to register a CAGR of 5.98% during the assessment period.
- The Americas accounted for the largest share of the global market due to the high prevalence of dental decay, increasing injuries, and the rapid adoption of medical ceramics in the medical devices market.
- Based on type, the bioinert ceramics segment accounted for the largest market share of 44.4% in 2019.
- Based on application, the medical device segment is expected to register the highest CAGR of 6.83% during the forecast period.
- Based on end-user, the hospitals & clinics segment accounted for the largest market share with a value of USD 9,757.53 Million in 2019.
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