Medical Ceramics Market - Global Trends, and Forecast till 2025

Posted by priya saraf on July 26th, 2019

Medical Ceramics Market - Insights

Medical ceramics are products that are biocompatible and aid in repairing or replacing musculoskeletal hard connective tissues. The ceramic materials used for medical purposes is not the same as porcelain type ceramic materials. Medical ceramic is closely related to either the body's own materials or is extremely durable metal oxides that are primarily used in dental and orthopedic applications as implants or replacements.

Ceramic material with high-purity, high-density, and fine-grained polycrystalline alumina is used for load-bearing hip prostheses. Furthermore, other bio-ceramic implants can serve as porous media to support the ingrowth of new bone tissue such as materials that bio-react with bone, or as scaffolds that are completely resorbed after establishing a template for tissue growth. Increasing prevalence of joint-related diseases and dental problems had led to development of new technologies and methods. For instance, in 2016, Glidewell Laboratories launched a new line of dental bone grafting products under the brand name Newport Biologics. This is expected to fuel adoption of medical ceramics over the forecast period.

The global medical ceramics market is estimated to be valued at US$ 3,835.7 million in 2017 and is expected to witness a CAGR of 6.1% over the forecast period (2017–2025).

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Rise in surgical procedures related to orthopedic and dental implants is expected to augment the market growth

Rising number of medical procedures involving dental implants, orthopedic implants, and others is one of the major factors driving growth of this market. According to the European Commission, 2015, around 800,000 hip procedures were carried out every year in Europe, costing around US$ 1.5 billion. The market growth is also driven by development of novel product varieties with higher mechanical strengths and flexibility.

Due to their excellent frictional properties, technical ceramics are gaining popularity in endo-prosthetics. Increasing trauma cases due to falls and road accidents, requires medical intervention (orthopedics), thus, augmenting the need for medical ceramics products. In 2012, according to the National Institute of Health, knee is the most commonly injured joint by adolescent athletes with an estimated 2.5 million sports-related injuries presenting to emergency departments, annually in the U.S. This number is expected to increase significantly over the forecast period.

North America market accounted for the largest market share, followed by Europe in 2016. This is owing to high usage of implantable medical devices, furthermore, rise in number of osteoporotic fractures in the U.S. and presence of relatively large number of medical device manufacturers in this region is expected to be a factor for growth of the medical ceramics market in this region. For instance, according to the National Osteoporosis Foundation (NOF), over 1.3 million osteoporotic fractures occur each year in the U.S.

The market in Asia Pacific and Latin America is also expected to witness substantial growth. This is owing to rise in medical tourism for dental and orthopedic procedures. According to the study by Far International, 2016, the knee replacement surgery costs around US$ 40,000, whereas the costs in Colombia is only US$ 15,000.

Some of the key players in medical ceramics market are CoorsTek Medical, H.C. Starck GmbH, Tosoh Corporation, Noritake Co., Ltd., 3M ESPE, Morgan Advanced Materials plc, Ceramtec, Pl Ceramic GmbH, Lithoz, and Kyocera Corporation.

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priya saraf

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priya saraf
Joined: May 23rd, 2019
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