Global Medical Ceramics Market: Overview
A variety of bioceramics, materials especially developed for medical and dental applications, are finding a wide ranging set of applications across a number of medical fields. The biocompatibility of these medical ceramics makes them highly usable in prosthetics, surgical implants, and a number of invasive medical devices and tools. A number of medical ceramics have been approved for use across these and a variety of other applications by several national and international regulatory bodies such as the U.S. FDA. The field is ripe with research and development activities and many more medical ceramics with higher levels of mechanical strength, efficiency and flexibility are expected to enter the global market in the near future.
This report on the global market for medical ceramics presents an in-depth account of various aspects shaping the present state of the market and forecasts the future growth prospects of the market and its key segments. The report includes a detailed analysis of factors such as growth drivers, restraints, trends, regulatory scenario, and competition in the market.
The report estimates the overall valuation of the market during the forecast period in terms of revenue (US$ mn/bn) and sales volumes (mn/bn units).The report also presents a detailed overview of the competitive landscape of the market and an analysis of the key forces shaping it, such as threat of new entrants, threat of substitutes, bargaining power of suppliers and buyers, and degree of competition.
Global Medical Ceramics Market: Drivers and Restraints
The vast rise in customer confidence regarding artificial implant surgeries, rising base of affluent consumers undergoing such surgeries, and an encouraging improvement in healthcare infrastructures of emerging countries are collectively contributing to the increased global demand for medical ceramics. The market is also driven due to the rapid influx of novel product varieties in the market with higher mechanical strengths and flexibility.
However, although medical ceramics are known to be nontoxic, there are cases where very small traces of radioelements are found even in the ceramics that are fully refined. As even trace quantities of radioelements can have devastating effects on tissues and organs, this becomes a highly debatable concern and could lead to negative sentiments among consumers. This factor is expected to hamper the overall growth prospects of the market to a certain extent over the report’s forecast period. Nevertheless, latest product varieties in the market, such as electronic implantable ceramic sensors, are expected to lead to the generation of new opportunities for the market in the near future.
Global Medical Ceramics Market: Segmentation
The report studies the medical ceramic market on the basis of criteria such as material type, application, and geography. On the basis of material type, the market is segmented into zirconia, zirconia alumina, and aluminum oxide ceramics. Zirconia has extremely high mechanical strength and is stronger than alumina. As a result, its usage across applications where the implant will be subjected to sufficient wear, such as femoral balls in hip replacements, has significantly increased in the past years.
The key applications of medical ceramics are found across areas such as implantable electronic devices, surgical and diagnostic instruments, dental, orthopedics, and therapeutics. The usage of medical ceramics in orthopedic and dental applications has seen significant rise over the years and these two areas are expected to remain the leading demand generators for medical ceramics across the globe in the near future as well. In terms of geography, the report includes an overview of the market across regions such as North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Companies Mentioned in the Research Report:
Some of the key vendors operating in the global medical ceramics market profiled in the report are 3M ESPE, Advanced Cerametrics Inc., Advanced Monolythic Ceramics, Inc., Advanced Ceramics Research, Inc., AVX Corporation, APC International Ltd., and Advanced Industrial Ceramics.