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Medical Ceramics Market To Grow Rapidly And Reach USD 20.11 Billion by 2022


Some of the major companies in the medical ceramics market comprise Carpenter Technology Corp, Stryker Corporation, Zimmer Biomet Holdings, Morgan Advanced Materials, CoorsTek Medical LLC, Inc., Amedica Corp, Wright Medical Technology, Inc., Invibio Ltd., Berkeley Advanced Biomaterials, Inc, Corbion N.V., Bayer AG, Kyocera Corp., Royal DSM, Ceramics GmbH, Collagen Matrix, Inc., DENTSPLY International, Inc., Evonik Industries AG, Smith & Nephew plc, Nobel Biocare, and Tosoh Corp.

According to the analysts at Zion Market Research, the global medical ceramics market added up for USD 14.92 Billion in 2016 and is likely to cross USD 20.11 Billion by end of 2022, increasing at a CAGR of almost 6.4% from 2017 to 2022.

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Increasing User Revenues And Rising Requirement For Clinical Intervention & Medical Services To Power Global Medical Ceramics Market

Increasing user revenues and rising requirement for clinical intervention & medical services are some of the major catalysts for growth of medical ceramics market. Rising R&D activities by major players such as Kyocera is likely to boost the medical ceramics market in the years to come. Furthermore, increasing demand in Europe and North America has resulted in a high penetration of medical ceramics market in these areas. The transitioning demographics are expected to power the growth of medical ceramics market. Increasing osteoarthritis population might positively affect utilization of medical ceramics all over the world, thereby boosting the medical ceramics market. On the other hand, volatility in alumina costs might hinder the development of the global medical ceramics market. Nevertheless, risings hip & knee joint replacements and implant surgeries are likely to offer lucrative avenues for the growth of global medical ceramics in the years to come. Increasing investment by market players to maintain their status is set to foster the growth of medical ceramics market. For example in August 2015, CoorsTek Medical announced a multi-million dollar 5-year capital investment deal to support the increasing demand for its ceramic hip replacement components.

Orthopedic Sector To Foster Due To Rising Trend Of Surgical Intervention By Doctors In Global Medical Ceramics Market

On the basis of product type, the medical ceramics market is divided into bioinert, bioactive, and bioresorbable. Alumina-based and zirconia ceramics are divided as bioinert. On the basis of applications division the medical ceramic market can be bifurcated into diagnostic instruments, orthopedic implants, surgical instruments, dental implants, and implantable electronic devices. The orthopedic industry will see fostering development due to rising trend of surgical intervention by doctors for shoulder, knee, and hip implants at an early phase. Apart from this, increasing usage of zirconium, alumina, and hydroxyapatite due to reduction in wear and tear, better stability, and less chances of any dislocation after operation will power its requirement in the orthopedic industry, thereby power the medical ceramics market.

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