Medical Ceramics Market Size, Share & Industry Analysis, By Material (Bio-inert ceramics, Bioactive ceramics, Glass Ceramics, Bio-resorbable ceramics, Others), By Application (Dental surgery, Orthopedic, Cardiovascular surgery, X-ray tubes, others) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Ceramics can also be called as inorganic non-metallic materials. There are many application of ceramics. One of those is medical ceramics. Medical bio-ceramics are mainly used to repair or reconstruct the human body parts. They can be in forms like powder, coating and bulk. Bioceramics are generally divided into two families i.e. bioinerts and bioactive. The common characteristics of all medical ceramics is that it has a property of time dependent kinetic modification of the surface upon implantation. Also, it has a natural tendency to form a biologically active carbonate hydroxyapatite layer that provides a good bonding layer to the living tissue.
According to a data published by the Economic Times, the number of people aged over 60 will grow to nearly 20% and it will reach about two billion by 2050. And this will results in increase in number of bone related disorder like joint replacement, osteoporosis, back-pain where medical ceramics are used in an extensive manner which will lead the medical ceramic market in a remarkable way. Apart from this, number of medical ceramics used in dental surgeries is also increasing day by day that can also drive the medical ceramic market.
Although, high brittleness of medical ceramics results in unexpected fracture and the fracture particles later can stick to the soft tissues and cause complications. Hence, such factors can limit the adoption of medical ceramics market during the forecasted period.
Key Market Driver -
Globally rising prevalence of bone disorders among geriatrics & increasing demand for implantable devices
Key Market Restraint -
Risk of post-surgical complication inside the body after using medical ceramics can restrain the market.
Key Players Covered:
The major companies in the medical ceramics market includes Stanford Advanced Materials, Elan Technology, CeramTec GmbH, Morgan Advanced Materials and its affiliates, Piezo Kinetics Inc., Atlantic Equipments Engineers, MARKINTER CO and other players.
Key Insights
- Prevalence of Orthopedic and Dental Disorders, by Key Regions/Country, 2020
- New Product Launches, by Key Players
- Impact of COVID-19 on the global medical ceramics Market
- Key Industry Development - Mergers and Acquisitions
Regional Analysis:
The medical ceramics market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America held a dominant share of the medical ceramics market in 2020. According to INTERNATIONAL OSTEOPOROSIS FOUNDATION in 2017 the number of patients in Canada suffered from osteoporosis was increased to 2 million and by 2030 the patients for hip fractures is expected to quadruple. In North America, a study reported that approximately among 0.38 million fractures in female Medicare beneficiaries 10% had another fracture in 1 year, 18% in 2 years, and 31% in 5 years. The market in Europe is expected to grow at a significant CAGR owing to the increasing number of bone replacement surgery due to road accident and bone disorders in European countries including the U.K, Germany, France, etc. Asia Pacific is expected to grow at a higher CAGR during the forecast period owing to increasing patient pool suffering with lower bone density, back pain resulting in growing demand for the treatment options. On the other hand, Latin America and Middle East & Africa are expected to register a comparatively lower CAGR during the forecast period owing to developing medical instruments and procedure for bone replacement and dental surgery treatment by medical ceramics.
To gain extensive insights into the market, Request for Customization
Segmentation
ATTRIBUTES | DETAILS |
By Material |
|
By Application |
|
By Geography |
|
Medical Ceramics Market Developments
- In January 2021, CeramTec Group acquired the swiss company Dentalpoint AG. This helps in the investment into growing future market for metal free dental prostheses
- In February 2017, UK electro-ceramics business of Morgan Advanced Material was acquired by CeramTec Group. It comprises of two manufacturing sites at Ruabon and Southampton. It aided the company in building complimentary capabilities in the highly specialised market of medical ceramics.
- Ongoing
- 2023
- 2019-2022
-
Get in Touch with Us
-
US +1 833 909 2966 ( Toll Free )
-
