A new report published by Allied Market Research titled, “Medical Ceramics Market – Global Opportunity Analysis and Industry Forecast, 2014-2022″, projects that the global medical ceramics market was valued at $3,850 million in 2015, and is expected to reach $5,841 million by 2022, registering a CAGR of 6.2% from 2016 to 2022. Implants segment is expected to remain the highest revenue contributor throughout the forecast period. U.S. held the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period.
The report serves as a strategic resource for evaluating the market environment and making informed decisions, assisting businesses, investors, stakeholders, and new entrants. It outlines key advantages for stakeholders and details the research methodology used, offering a comprehensive overview of the market.
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The upsurge in the demand for medical ceramics from medical device industry creates attractive opportunities for market growth. Properties of medical ceramics such as high compressive strength and biodegradability, which are necessary for bone implants are leading market growth. Medical ceramics minimize bone ingrowth, which is a key factor boosting its adoption in the market. Growth in applications of medical ceramics for inartificial total hip, knee, shoulder, elbow, wrist; bone plates, screws, wires; intramedullary nails; permanently implanted artificial limbs; spinal fusion; alveolar bone replacements, mandibular reconstruction; and tooth replacement implants has opened new growth avenues for medical ceramics market. Growth in ceramic implants market has also fueled the demand for medical ceramics as it can be framed to match the material properties of a natural bone.
The application of the medical ceramics in the implants segments holds highest share in 2015 and is expected to maintain its lead throughout the forecast period. The increase in use of ceramics as rigid materials to manufacture implants is due to absence of prosthetics, thus reducing the risk of bacterial growth. Zirconia and alumina are the most commonly used ceramic materials used to develop implants. Zirconia, a type of bio-inert ceramic is expected to be the fastest growing segment in the global medical ceramics market followed by piezo ceramics. Ceramics are preferred for orthopedic implants by manufacturers due to their high resistance and biochemical inertness. Alumina is the most commonly used ceramic utilized for manufacturing orthopedic implants.
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Latest applications of medical ceramics
Medical ceramics have undergone significant advancements in recent years, expanding their applications across various medical fields. Ceramics such as alumina and zirconia are used in dental implants for their biocompatibility and aesthetic appeal. In orthopedics, they enhance durability and wear resistance in hip, knee, and joint replacements. Zirconia, in particular, offers excellent osseointegration and is favored for its tooth-like color and low plaque affinity, making it a popular choice for both dental and orthopedic applications.
Moreover, medical ceramics are explored for cancer diagnostics and therapy, leveraging their biocompatibility and bioactivity. Mesoporous silica nanoparticles are particularly promising for targeted drug delivery, allowing therapeutic agents to reach tumors directly. Hybrid ceramics integrate imaging and therapeutic functions, enhancing cancer treatment efficacy by reducing side effects and improving precision. These advancements offer potential for more effective and localized cancer therapies.
On the other hand, bio-ceramics are used in bone tissue engineering to create scaffolds that mimic natural bone structure, promoting tissue regeneration. These scaffolds support cell attachment, proliferation, and differentiation, facilitating bone repair. Materials such as hydroxyapatite and beta-tricalcium phosphate are mostly used for building medical ceramics, offering biocompatibility and structural integrity. Advanced fabrication techniques, such as 3D printing, enhance scaffold design and functionality, aiding in personalized bone regeneration solutions.
Competitive scenario
The AMR report offers a comprehensive analysis of the market’s competitive landscape, utilizing scientific analytical tools such as Porter’s Five Forces. It features detailed profiles of leading companies, based on primary research methodologies, and highlights the key players shaping the industry.
Key players profiled in the market include:
Kyocera Corporation
3M ESPE
Morgan Advanced Materials
Stryker,
CoorsTek Inc.
DePuy Synthes,
Straumann
Zimmer Biomet
Nobel Biocare Services AG
H.C. Starck GmbH
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In summary, the AMR report on the medical ceramics industry equips companies with deeper insights to support informed investment decisions and enhance their competitive advantage. The market intelligence presented in the study enables businesses to pinpoint strategic focus areas and craft effective plans for global growth & expansion.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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