ID: MRFR/Pharma/4274-CR | March 2021 | Region: Global | 155 pages
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 forecast period of 2020 to 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 global medical ceramics market is mainly driven by the growing awareness about oral hygiene and aesthetics, leading to a high acceptance of all-ceramic implants, 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. However, factors such as harmful effects posed by medical ceramics and unmet medical needs are expected to restrict the market growth
The global medical ceramics market growth is expected to be driven by the growing awareness about oral hygiene and aesthetics, leading to a high acceptance of all-ceramic implants, 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.
As per the 2018 data released by the WHO, between 2015 and 2050, the global population segment over 60 years will nearly double from 12% to 22%. Hence, the surge in the geriatric population across the globe is also expected to drive the growth of the market. Moreover, the increasing demand for medical ceramics in healthcare markets is growing significantly, owing to a significant upsurge in demand for medical procedures. The increasing medical procedures due to rising incidences of chronic diseases is driving the market growth of medical ceramics.
Global Medical Ceramics Market Share, By Type, 2019 (%)
Source: MRFR Analysis
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. The global medical ceramics market is driven by factors such as the growing demand for medical ceramics in medical devices, technological advancements in medical ceramics, and favorable government initiatives for medical ceramics. The bioinert ceramics segment accounted for the largest market share of 44.4% in 2019. This largest share can be attributed to the rising demand for zirconia ceramics in the dental and medical fields in the global market.
On the basis of application, the market is bifurcated 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. The increasing number of medical device manufacturers and rising awareness regarding medical ceramics' benefits in medical procedures is driving the global medical ceramic market growth. The medical device application is expected to register the fastest growth at a CAGR of 6.83% during the forecast period due to the increasing number of medical device manufacturers and rising awareness regarding medical ceramics' benefits in medical procedures.
On the basis of end user, the market is bifurcated into hospitals & clinics, specialty centers, and others. Hospitals & clinics are increasingly adopting new and advanced technologies for the treatment of various dental conditions. The hospitals & clinics segment accounted for the largest market share with a value of USD 9,757.53 million in 2019. The increasing number of dental & orthopedic surgical operations is being performed across the globe.
Global Medical Ceramics Market Share, By Region, 2019 (%)
Source: MRFR Analysis
The global medical ceramics market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa. The Americas is expected to account for the largest market share due 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.
Europe held a substantial share in the global medical ceramics market. This can be due to the increasing number of patients for hip and knee replacements, the availability of products in the region, and the presence of a huge geriatric population. According to the report published by the Organisation for Economic Co-operation and Development (OECD), in 2017, Switzerland, Finland, Luxembourg, Germany, Austria, and Belgium were among the countries with the highest number of hip and knee replacements in the region.
Asia-Pacific is estimated to be the fastest-growing regional market due to a large number of adults residing in the region 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.
The prominent players in the global medical ceramics market are 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).
Global Medical Ceramics Market, by Type
Global Medical Ceramics Market, by Application
Global Medical Ceramics Market, by End User
Global Medical Ceramics Market, by Region
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Frequently Asked Questions (FAQ) :
The market is expected to exhibit a strong 5.98% CAGR over the forecast period from 2017 to 2023.
The growing prevalence of cardiovascular diseases is the major driver for the global medical ceramics market.
Rigorous regulatory requirements are the major restraint on the medical ceramics market.
The Americas hold a dominant share of more than 40% in the global medical ceramics market.
Leading players in the market include Zimmer, CoorsTek, and Stryker, among others.