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Medical ceramics help to replace or repair musculoskeletal hard connective tissues. Medical ceramics products are majorly used as implants or replacements in orthopedic and dental applications. Also, medical ceramica are widely utilized in prosthetics surgical implants, and numerous medical devices and tools including implantable medical devices, consumable medical devices, diagnostic imaging equipment and other therapeutic medical devices. Zirconia (TZP), alumina, single crystal piezoelectric, macor, silicon nitride (Si3N4), braze alloys, dielectrics, zirconia toughened alumina, silicon carbide (SiC) etc. are some of the major materials that are used in the production of ceramics. Global medical ceramics market is expected to rise with the CAGR of about 6.5% during forecast period 2017-2024. Properties of medical ceramics such as its high mechanical strength, bio compattibility and nontoxicity with minimal or no tissue reaction is expected to enhance its demand from the medical industry. Increasing incidences of dental problems and joint related diseases have led to the introduction of new methods and technologies such as dental bone grafting products using medical ceramics by medical device manufacturers. This is expected to contribute significantly to the growth of global medical ceramics market during forecast period. Also, increasing demand for implantable devices and research and development activities for medical ceramic, rising incidence rates of cardiovascular, orthopedic and dental diseases, etc. are expected to promote the growth of global medical ceramics market during forecast period.
Rising number of hip and knee replacement procedures in various regions across the globe is one of the major factor that is expected to contribute towards the growth of global medical ceramics market during forecast period. For instance, according to the American Joint Replacement Registry (AJRR, United States), hip and knee implants accounts for more than 85% of total joint replacement and reconstruction market across the United States. According to the American Academy of Orthopaedic Surgeons, more than 600,000 knee replacement surgeries are performed each year in the United States (2015). Total knee replacement surgeries across the United States is expected to exceed 3 million by the end of 2030 majorly due to growth in geriatric population and obesity. Also, according to the National Joint Registry (NJR), more than 200,000 total hip (98,211 in 2015) and knee replacement procedures (104,695 in 2015) were performed across England and Wales in 2015. Hip and knee replacement procedures across such regions is expected to increase the demand for medical ceramic products to provide joint reconstruction and repair and is likely to fuel growth in global medical ceramics market during forecast period.
Source: OBRC Analysis
The report on global medical ceramics market is segmented on the basis of type of material and applications.
Types of material in medical ceramics are divided as:
Applications of medical ceramics include:
The report scope and market revenue estimates and forecast of global medical ceramics market is widely categorized on the basis of its segments such as type of material and applications.
Geographically, global medical ceramics market report has been segmented into:
North America accounted for largest market share in terms of revenue for global medical ceramics market in 2017, followed by other regions such as Asia Pacific and Europe. North America is expected to dominate the market during forecast period. The dominance of North America medical ceramics market is majorly witnessed due to various factors such as increasing demand for plastic surgeries, increasing research and development activities for medical ceramics coupled with the growth in geriatric population. For instance, according to the Population Reference Bureau (United States), geriatric population (more than 65 years) in the United States is expected to get about double and reach up to 98 million by the end of 2060 from 46 million in 2016. This would fuel growth in medical ceramics market in North America during forecast period. However, Asia Pacific is expected to be the fastest growing region in medical ceramics market during forecast period. Growth in healthcare expenditure, rising incidences of hip and knee replacement procedures, etc. are some of the major factors which contributes towards the fastest growth rate of Asia Pacific medical ceramics market during forecast period.
The global medical ceramics market covers segmentation analysis of type of material and applications. Report further covers segments of type of material which includes bioactive ceramics, bioinert ceramics, bioresorbable ceramics and piezoceramics. Bioactive ceramics segment is further divided as hydroxyapatite and glass. Also, bioinert ceramics segment is further divided as zirconia, alumina and other bioinert ceramics. Bioinert ceramics segment accounted for the largest market share in terms of revenue for the global medical ceramics market in 2017 and is expected to dominate the market during forecast period. Advantages of bioinert ceramic materials such as zirconia over other ceramic materials, increasing research activities for the development of novel products, increasing demand for attractive dental restoration, etc. are some of the major factors promoting the growth of bioinert ceramics segment during forecast period. Also, bio inert ceramics are non-metallic solids, inorganic, brittle, and strong in compression, as compared to metal and polymer materials that increases its adoption in the medical sector. In addition, properties of bio inert ceramics such as non-toxic, biocompatible, non-allergic, non-inflammatory, bio-functional and non-carcinogenic makes it a major component in bone tissue applications that promotes the growth of bio inert ceramics segment during the forecast period. Further, applications of medical ceramics include cardiovascular applications, dental applications, diagnostic instruments, orthopaedic applications, plastic surgery, surgical instruments and other applications. Dental application is expected to be the fastest growing segment in global medial ceramics market during forecast period. Rising cases of periodontal disorders, increasing number of dental implant procedures and cosmetic dental procedures, rising awareness regarding dental care and oral hygiene, increasing consumer disposable incomes across the globe, increasing medical tourism, etc. are some of the major factors that are expected to contribute towards the fastest growth rate of dental application segment during forecast period.
The major market players of the global medical ceramics market are:
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, mergers and acquisition is the key strategy adopted by companies in the global medical ceramics market.
For example: In 2017, Stryker Corporation acquired VEXIM (a medical device market player specialized in the minimally invasive treatment of vertebral fractures) in order to increase its orthopaedics outcomes. This is expected to increase dominance of the company by increasing its market revenue share.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in the global medical ceramics market.
Key reasons to buy the report:
How are we different from others:
At Occams, we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on the global medical ceramics market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the global medical ceramics market, with giving extensive SCOT analysis of key companies.
Key findings of the global medical ceramics market: