medical ceramics Market Size – USD 9.53 Billion in 2020, Growth – at a CAGR of 5.7%, Trends – Rising investments in research & development activities to introduce innovative medical ceramics

The global medical ceramics market size is expected to reach USD 14.86 Billion in 2028 and register a revenue CAGR of 5.7% over the forecast period, according to the latest report by Reports and Data. Increasing prevalence of orthopedic disorders is a major factor expected to drive market revenue growth over the forecast period. Orthopedic disorders, including arthritis, joint dislocation, injuries, or fracture affect bone and joints in human musculoskeletal system and are responsible for causing pain and mobility impairment. This further leads to difficulty in carrying out daily activities among patients. Medical ceramics such as bioinert and bioactive are used in a variety of healthcare applications, including orthopedic surgeries as implants for fracture fixation, and joint replacement due to high biocompatibility that allows bio-ceramics to bond biologically to bone tissues. This results in faster healing time, reduced healthcare expenditure, as well as short stay at hospitals.

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Top Companies: Morgan Advanced Materials, Royal DSM, Nobel Biocare Services AG, Zimmer Biomet, Berkeley Advanced Biomaterials Inc., The 3M Company, Johnson & Johnson, CoorsTek Inc., Institut Straumann AG, and Kyocera Corporation.

Further Key Finding from the Report Suggestion:

• By product type, bioinert ceramic segment accounted for largest revenue share in 2020. Bioinert ceramics, including zirconia and alumina, are widely used in medical implants to reconstruct, re-establish, or replace degenerated or traumatized human body tissue, owing to exceptional biocompatibility, corrosion restriction behavior, chemical stability, wear resistance, and mechanical strength.
• By application, dental segment contributed to a significantly steady market revenue share in 2020. Ceramic dental braces are less painful as these do not lead to irritation of gums. These dental braces either have semi translucent ceramic brackets appropriate for white teeth or colored ceramic appropriate for darker teeth. Also, these braces normally do not chip or break.
• Nano-hydroxyapatite bio-ceramic materials hold immense potential in prosthetic applications, owing to similar chemical composition and crystallography with human skeletal tissue, as well as excellent characteristics such as bioactivity, biocompatibility, non-toxicity, and osteoconductivity. Nano-hydroxyapatite materials are used in various applications such as bone void fillers for orthopedics, bone tissue engineering, restoration of periodontal defects, traumatology, and orthopedic implant coating.
• Medical ceramics market in North America accounted for largest revenue share in 2020, driven by increasing incidence of dental conditions such as caries, rising cases of traumatic injuries, and technological advancements in the field of medical ceramic materials. In addition, presence of key players such as CoorsTek Inc. and Berkeley Advanced Biomaterials Inc. is expected to positively impact market growth in this region.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global Medical Ceramics market is segmented into:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

• Bioactive Ceramics
• Bioinert Ceramics
• Bioresorbable Ceramics
• Piezoceramics

Application Outlook (Revenue, USD Billion; 2018-2028)

• Orthopedics
  • Fracture Fixation
  • Joint Replacement
  • Synthetic Bone Grafts
• Dental
  • Dental Implants
  • Braces
  • Crowns & Bridges
  • Dental Graft & Substitutes
  • Others
• Surgical Instruments
• Cardiovascular Implants
• Diagnostics Instrument
• Plastic Surgery
• Others

End-use Outlook (Revenue, USD Billion; 2018-2028)

• Hospitals & Clinics
• Ambulatory Surgical centers
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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