Global Medical Ceramics market analysis 2024, Forecast To 2033
4 Mar, 2024
The medical ceramics market has exhibited robust growth, escalating from$17.87 billion in 2023 to$18.94 billion in 2024, with a compound annual growth rate (CAGR) of 6.0%. Historical drivers include advancements in material science, an increasing aging population, expanding medical applications, biocompatibility, durability, and the rising incidence of chronic diseases. Strong growth is anticipated in the upcoming years, propelling the market to$24.02 billion by 2028, driven by growing demand for dental implants, emphasis on regenerative medicine, expanding orthopedic applications, customization, 3D printing technologies, rising healthcare expenditure, and stringent regulatory standards. Major trends in the forecast period include research and development focus, the shift towards bioactive ceramics, product innovations, increasing applications in cardiovascular devices, and stringent regulatory standards, alongside global market expansion.
Global Medical Ceramics Market Key Driver
The escalating number of hip and knee replacement procedures is poised to fuel the expansion of the medical ceramics market. Knee replacement, also referred to as knee arthroplasty, involves the partial or complete replacement of the diseased joint with prosthetic components, many of which are made of medical ceramics. According to a report by the Center Orthopedic & Neurosurgical Care & Research in 2022, knee replacement surgeries in the US are projected to surge by 673% to reach 3.5 million annually by 2030. Nearly half of American adults are expected to experience knee osteoarthritis in at least one knee during their lifetimes, with women undergoing about 60% of knee replacement surgeries. As per estimates by Personalized Orthopedic of Palm Beach in November 2021, knee replacement surgeries in the US alone amount to approximately 800,000 annually, a figure on the rise. Hence, the increasing prevalence of hip and knee replacement procedures is a significant driver for the medical ceramics market, with projected values of $X in 2023, and anticipated growth in 2024 and 2028.
Get A Free Sample Of The Global Medical Ceramics Market ReportGlobal Medical Ceramics Market Segments
The global medical ceramics market covered in this report is segmented –
1) By Type: Bionert, Bioactive, Bioresorbable, Piezo Ceramics
2) By Application: Dental, Orthopedic, Cardiovascular, Plastic Surgery, Other Applications
3) By End User: Hospitals and Clinics, Specialty Centers, Other End Users
By Geography: The regions covered in the medical ceramics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the medical ceramics market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical ceramics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Medical Ceramics Industry Players
3M Company, Admatec BV, CeramTec GmbH, CoorsTek Inc., DePuy Synthes, Elan Technology Inc., Koninklijke DSM NV, Rauschert GmbH & Co KG, Institut Straumann AG, Tosoh Corporation, Zimmer Biomet Holdings Inc., APC International Ltd., Johnson & Johnson, H.C. Starck GmbH, Morgan Technical Ceramics, Nobel Biocare Services AG, Stryker Corporation, Zimmer Dental Holdings Inc., Kyocera Corporation, Advanced Ceramics Manufacturing, Astro Met Inc., LSP Industrial Ceramics Inc., C-Mac International LLC, Insaco Inc., Alumina Ceramic Components Inc., Renfert USA, TESco Associates Incorporated, Small Parts Inc., Metsch Refractories Inc., High Tech Material Solutions, Aremco Products Inc., Fineway Inc., TQ Abrasive Machining, Saint-Gobain Ceramics - Hexoloy, Wright Medical Technology, BCE Special Ceramics, Stanford Advanced Materials, Piezo Kinetics Inc., Atlantic Equipments Engineers, Markinter Ceramics Pvt. Ltd., Ceramaret SA, AVX Corporation, Ceramics Processing Systems
Get The Full Global Medical Ceramics Market ReportMedical Ceramics Market Overview
The medical ceramics refers to bioceramics that are used in the healthcare industry for a variety of applications, including dental materials and artificial bones and joints. A family of materials called bioceramics is utilized to replace or repair broken bone tissues. Depending on the use, medical ceramics can directly interact with the tissue in the area, either promoting tissue growth or, in the case of bioactive ceramics, triggering fresh tissue regeneration.
Medical Ceramics Global Market Report 2023 provides data on the global medical ceramics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The medical ceramics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.