Global Medical Ceramics Market Size to Reach USD 14.86 Billion in 2028, Says Reports and Data
Increasing incidence of accidents and rising number of surgical procedures are some key factors driving market revenue growth
The global medical ceramics market size is expected to reach USD 14.86 Billion in 2028 and register a revenue CAGR of 5.7% over the forecast period, according to the latest report by Reports and Data. Increasing geriatric population, rising healthcare spending, and presence of improved healthcare infrastructure are some key factors expected to drive market revenue growth. Older people are at a higher risk of dental disorders such as tooth loss, caries, periodontitis, and broken tooth. By 2030, it is estimated that around 20% of the U.S. population will be in the age group of 65 years or above. Older people suffering from dental conditions require medical ceramic crowns for aesthetic purposes. These ceramic crowns can be matched in appearance and color of other teeth, thereby making it hard to distinguish that a damaged tooth is being protected or hidden by the ceramic crown. Properties such as high biocompatibility, aesthetic feel, insolubility, and hardness of medical ceramics make these crowns a popular choice for dental fittings.
Rising number of joint replacement procedures around the world is expected to be a major factor driving market revenue growth. Every year, more than 450,000 total hip replacement procedures are performed in the U.S. Joint replacement surgeries are essential for providing relief from joint pain and improving mobility in patients, and these also aid them in carrying out day-to-day activities with ease. There is a high demand for ceramic-on-ceramic hip replacement procedures, owing to various benefits, including improved wear resistance that enhances durability.
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However, limitations associated with medical ceramics may hamper market revenue growth during the forecast period. As fabrication of these ceramics is a time-consuming process, it leads to high cost of end-use products. Also, medical products manufactured using these materials need to undergo various clinical trials to comply with stringent regulations associated with biocompatibility. Ascertaining biocompatibility is quite difficult during clinical trial stages, which deters investments in the medical ceramics industry, thereby negatively impacting market revenue growth to a certain extent.
Some Key Highlights From the Report:
- By product type, bioactive ceramics segment accounted for second-largest revenue share in 2020. Bioactive ceramics are widely used in medical coatings to improve device fixation and also as bone graft substitutes due to excellent osteoconductive characteristics. In addition, bioactive ceramics are appropriate as a scaffold to improve bone formation. Hydroxyapatite is a widely used bioactive ceramic material in orthopedic surgery, which further supports growth of this segment.
- Medical ceramics are used in various healthcare applications such as surgical implants, prosthetics, and other equipment. Companies are producing a variety of medical ceramic appliances using zirconia and alumina. In addition, some common uses of these ceramics comprise X-ray tubes, pressure sensors, dental screws, valves, and femoral head implants.
- Asia Pacific is expected to register fastest revenue CAGR in the global medical ceramics market over the forecast period. This growth is attributed to increasing development of healthcare infrastructure, high geriatric population, and rising disposable income.
- In January 2021, CeramTec Group acquired Dentalpoint AG, a Swiss specialist for ceramic dental implants. This new acquisition would enable the company to broaden its offering as a supplier in the field of high-performance ceramics. The company also aims to provide high-quality, biocompatible ceramic components for dental and joint implants to help patients improve their lives.
To identify the key trends in the industry, research study at: https://www.reportsanddata.com/report-detail/medical-ceramics-market
Companies in the market report include:
- Morgan Advanced Materials
- Royal DSM
- Nobel Biocare Services AG
- Zimmer Biomet
- Berkeley Advanced Biomaterials Inc.
- The 3M Company
- Johnson & Johnson
- CoorsTek Inc.
- Institut Straumann AG
- Kyocera Corporation
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For the purpose of this report, Reports and Data has segmented global medical ceramics market based on product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Bioactive Ceramics
- Bioinert Ceramics
- Bioresorbable Ceramics
Application Outlook (Revenue, USD Billion; 2018-2028)
- Fracture Fixation
- Joint Replacement
- Synthetic Bone Grafts
- Dental Implants
- Crowns & Bridges
- Dental Graft & Substitutes
- Surgical Instruments
- Cardiovascular Implants
- Diagnostics Instrument
- Plastic Surgery
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals & Clinics
- Ambulatory Surgical centers
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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