Medical Ceramics Market: Industry Analysis and Forecast (2020-2026)

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Medical Ceramics Market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2026 at a CAGR of 6.1% from 2020 to 2026.

Ceramics have been extremely popular in the manufacture of medical devices today, advanced ceramics, also called technical ceramics, are becoming increasingly important in the medical industry. Applications such as medical tools & devices, implants, development of prosthetics, are widely used in Medical-grade ceramics. Medical ceramics used to replace or repair musculoskeletal hard human connective tissues or repair. They also have clinical applications such as orthopedic implants, dental implants, and bone screws. Many properties of ceramics are beneficial to the medical industry, including inertness, non-toxicity, hardness, high compressive strength, low friction coefficient, wear and chemical resistance, sterility, ability to produce with varying degrees of porosity, excellent aesthetics, and longevity.
Global Medical Ceramics Market Dynamics:

The rise in surgical procedures related to orthopaedic and dental implants is expected to augment the market growth

The rising number of medical procedures involving implants, such as orthopaedic implants, dental implants, and others, are among the major factors driving market development. According to the European Commission, approximately 800,000 hip procedures were performed in Europe in 2015, costing around US$ 1.5 billion. The market's growth has been aided by the development of novel product varieties with greater mechanical versatility and strength. Thanks to their superior frictional properties, technical ceramics are becoming increasingly popular in endo-prosthetics.

In addition, due to an increase in the number of trauma cases because of the increasing number of falls and road accidents, thus medical intervention (orthopaedics) is required, resulting in a greater demand for medical ceramics products. According to the National Institute of Health, in 2012, with an estimated 2.5 million sports-related injuries presenting to emergency departments the knee is the most frequently damaged joint in insolent athletes in the United States. Over the projected period, this number is predicted to rise dramatically. New ceramics are being developed by manufacturers for use in a variety of medical applications. CeramTec, for example, debuted its newly produced dental ceramic, Zirconium Oxide Bright, at the International Dental Show (IDS) in Cologne, Germany, in March 2017. The material is ideal for all dental prostheses treatments and has a high translucency and strength.

The report has profiled twenty-five key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in North America. Major country’s policies about manufacturing and their impact on Medical Ceramics demand are covered in the report.
Global Medical Ceramics Market Segment Analysis

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The Hospitals & clinics segment is expected to grow at a CAGR of xx% during the forecast period.

Based on the end user, in 2019, the Hospitals & clinics segment holds the largest market share of xx% in 2019 and it is estimated to reach USD$ XX Mn by 2026. For the care of different dental disorders, modern and emerging technologies are increasingly being used. With a market value of USD xx million in 2019, the hospitals & clinics segment had the largest market share. Around the world, a growing number of dental and orthopaedic surgical procedures are being performed which in turn is driving the market growth.

The Indian healthcare sector is expected to reach US$ 193.83 billion by 2020. Rising income level, greater health awareness, increased precedence of lifestyle diseases and improved access to insurance would be the key contributors to growth. Health insurance is gaining momentum in India. Gross direct premium income underwritten by health insurance grew 17.16% y-o-y to Rs. 51,637.84 crore (US$ 7.39 billion) in the year 2020.
Global Medical Ceramics Market Regional Insights:

Global Medical Ceramics Market 1
North America to witness a high market growth rate and is expected to grow at a CAGR of xx% by 2026

The North American market for Medical Ceramics is expected to rise at a faster pace than the rest of the world by 2026. In 2019, the North American market had the largest share of the market, followed by Europe. This is due to the widespread use of implantable medical devices, as well as an increase in the number of osteoporotic fractures in the United States and the emergence of a large number of medical device manufacturers in this area, which is expected to drive the medical ceramics market in this region. According to the National Osteoporosis Foundation (NOF), more than 1.3 million osteoporotic fractures occur in the United States per year. The Asia Pacific and Latin American markets are also projected to expand significantly. The increase in medical tourism for dental and orthopaedic procedures is to blame. According to a Far International report from 2016, knee replacement surgery costs about US$ 40,000, while it costs just US$ 15,000 in Colombia.

Europe accounted for a significant position in the global medical ceramics industry. the growth is attributed to an increase in the number of patients seeking hip and knee replacements, as well as the region's product availability and the existence of a large geriatric population. According to a study released by the Organisation for Economic Co-operation and Development (OECD), the countries with the largest number of hip and knee replacements in the area in 2017 were Switzerland, Finland, Luxembourg, Germany, Austria, and Belgium.

The objective of the report is to present a comprehensive analysis of the global Medical Ceramics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Medical Ceramics market dynamics, structure by analyzing the market segments and project the global Medical Ceramics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Medical Ceramics market make the report investor’s guide.
Covid-19 Impact:

COVID-19 Impact on the global Medical Ceramics market

As the number of Covid-19 infections rises around the world, fears of a shortage of life-saving equipment and other critical medical supplies to stop the pandemic from spreading and provide the best possible treatment to those who have been infected grow. Furthermore, before pharmacological treatment is established, ventilators are an important treatment option for COVID-19 patients who may need critical care. Furthermore, there is a pressing need to speed up the production process for a wide variety of test kits (antibody tests, self-administered, and others). Covid19 will be accounted for as a significant market contributor in the study.

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Global Medical Ceramics Market Scope: Inquire before buying

Global Medical Ceramics Market 2
Global Medical Ceramics Market, by Region

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Global Medical Ceramics Market Key Players

• Zimmer Biomet Holdings, Inc.
• Institut Straumann AG
• 3M
• DePuy Synthes
• Stryker
• CoorsTek, Inc.
• CeramTec
• Nobel Biocare
• Kyocera Corporation
• Rauschert Group
• Monolythic Ceramics
• Advanced Ceramics Manufacturing
• DePuy Synthes
• Morgan Advanced Materials
• Nobel Biocare Services AG
• H.C. Starck GmbH
• Kyocera Corporation
• Stryker Corporation
• Institut Straumann AG
• Zimmer Biomet
• CeramTec Group
• CoorsTek Inc
• Amedica
• APC International
• BCE Special Ceramics
• CeraRoot
• Bonesupport
• Intra-Lock International
• Innovnano
• Media Data Systems Pte Ltd
• Globus Medical Inc
• Glidewell Laboratories
• Friatec AG
• Eurocoating spa
• Dentium
• Deltex Medical
• Curasan Inc
• Other key players

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