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Medical Ceramics Market Size was estimated to be worth USD 20.10 billion in 2022 and is anticipated to increase from USD 21.19 billion in 2023 to USD 28.49 billion by 2030, registering a compound annual growth rate (CAGR) of 6.10% over the forecast period (2023 - 2030). The primary factor promoting market expansion is an increase in orthopedic and dental implant operations.
Medical ceramic falls within the categories of class I (which includes surgical tools), class II (which includes medical instruments), class III (which includes implants), and class IV (which includes pacemakers) devices, all of which require pre-market approval. In the United States (FDA approval), Europe (CE mark approval), and a few areas of Asia (MHLW permission), a large variety of medical ceramics have received clearance. The complexity of these processes prevents the commercialization of highly advantageous technologies and raises the cost that manufacturers must bear to comply with FDA and CE regulatory requirements.
Medical ceramics are in greater demand in the healthcare sector, which presents growth prospects for manufacturers. Government programs also give participants a platform to take advantage of the chances. Governments have boosted funding for R&D projects towards the creation of novel technology, particularly in industrialized nations. The sales of medical implants and gadgets directly affect the demand for medical ceramics. The sales of medical devices and implants are driven by the sharp rise in worldwide population and the rise in the elderly population. Patients and physicians around the world are becoming more accepting of medical implants. For instance, to enhance their quality of life, numerous individuals all around the world select joint repair surgery.
Medical ceramic falls within the categories of class I (which includes surgical tools), class II (which includes medical instruments), class III (which includes implants), and class IV (which includes pacemakers) devices, all of which require pre-market approval. In the United States (FDA approval), Europe (CE mark approval), and a few areas of Asia (MHLW permission), a large variety of medical ceramics have received clearance. The complexity of these processes prevents the commercialization of highly advantageous technologies and raises the cost that manufacturers must bear to comply with FDA and CE regulatory requirements.
Medical ceramics are in greater demand in the healthcare sector, which presents growth prospects for manufacturers. Government programs also give participants a platform to take advantage of the chances. Governments have boosted funding for R&D projects towards the creation of novel technology, particularly in industrialized nations. The sales of medical implants and gadgets directly affect the demand for medical ceramics. The sales of medical devices and implants are driven by the sharp rise in worldwide population and the rise in the elderly population. Patients and physicians around the world are becoming more accepting of medical implants. For instance, to enhance their quality of life, numerous individuals all around the world select joint repair surgery.
The rise in the number of medical treatments needing implants, such as orthopedic and dental implants, is one of the main factors driving this market's expansion. For instance, the National Center for Biotechnology Information predicted that 754,000 knee arthroplasty (replacement) surgeries will be conducted in 2021, making the knee the most frequently damaged joint among young athletes. Furthermore, as of July 2021, the European Commission claims that 450,000 hip arthroplasty (replacement) procedures have been completed in 2019. Due to their higher frictional characteristics of 0.5 to 1.0, technical ceramics are being used more and more in endo-prosthetics. The demand for medical ceramics products, such as dental screws and bridges, valves, and femoral head implants for hip replacement, is rising as a result of the rise in trauma cases brought on by trips, falls, and other accidents, which necessitate the use of medical intervention (orthopedics). According to The Economic Times, there will be about two billion people over the age of 60 by 2050, a growth of almost 20%. And this will result in an increase in bone-related disorders, such as joint replacement, osteoporosis, and back discomfort, where medical ceramics are widely used. These conditions will substantially push the ceramic medical industry. Additionally, the market for medical ceramics may be stimulated by the expanding use of medical ceramics in dental operations. As a result, this element is fueling the market CAGR.
The global demand for knee and hip replacement surgeries is being driven by the increasing prevalence of age-related conditions (including rheumatoid arthritis, osteoarthritis, osteoporosis, and fractures) and sports injuries. By 2020, osteoarthritis will be the fourth-leading cause of disability worldwide, predicts the WHO. The American Academy of Orthopedic Surgeons (AAOS) predicts that by 2030, there will be 3.5 million knee replacement surgeries carried out annually in the US. Additionally, it is anticipated that the US will undertake more than 570,000 main total hip replacement surgeries yearly by the year 2030. Around 2 million joint replacement surgeries were been out in the US as of July 2020, according to the American Joint Replacement Registry (AJRR) Report. The rise in hip and knee replacement surgeries is viewed as a sign that the market is expanding. Devices for replacing the hip and knee are frequently made of medical ceramics.
Clinical trials are costly and time-consuming processes in the development of medical ceramic goods. These goods must pass the ISO biocompatibility testing requirements in order to be implanted inside of a human body. The clearance process for medical ceramic goods is laborious, expensive, and time-consuming due to the regulatory procedures' complexity, restrictions, and reliance on the composition of ceramics and their intended applications. This aspect can limit the market for medicinal ceramics.
Report Coverage
Global Medical Ceramics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Medical Ceramics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Medical Ceramics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Medical Ceramics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Medical Ceramics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Medical Ceramics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Zimmer Biomet Holdings, Inc. (U.S.), Institut Straumann AG (Switzerland), 3M (U.S.), DePuy Synthes (U.S.), Stryker (U.S.), CoorsTek, Inc. (U.S.), CeramTec (Germany), Nobel Biocare (Switzerland), Kyocera Corporation (Japan), Rauschert Group (Germany), H.C. Starck GmbH, Morgan Advanced Materials.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Medical Ceramics market based on the below-mentioned segments:
Global Medical Ceramics Market, By Type
Bioinert
Bioactive
Bioresorbable
Piezo Ceramics
Global Medical Ceramics market, By Application
Devices
Implant
Disposables
Packaging
Global Medical Ceramics market, Regional Analysis
Medical ceramic falls within the categories of class I (which includes surgical tools), class II (which includes medical instruments), class III (which includes implants), and class IV (which includes pacemakers) devices, all of which require pre-market approval. In the United States (FDA approval), Europe (CE mark approval), and a few areas of Asia (MHLW permission), a large variety of medical ceramics have received clearance. The complexity of these processes prevents the commercialization of highly advantageous technologies and raises the cost that manufacturers must bear to comply with FDA and CE regulatory requirements.
Medical ceramics are in greater demand in the healthcare sector, which presents growth prospects for manufacturers. Government programs also give participants a platform to take advantage of the chances. Governments have boosted funding for R&D projects towards the creation of novel technology, particularly in industrialized nations. The sales of medical implants and gadgets directly affect the demand for medical ceramics. The sales of medical devices and implants are driven by the sharp rise in worldwide population and the rise in the elderly population. Patients and physicians around the world are becoming more accepting of medical implants. For instance, to enhance their quality of life, numerous individuals all around the world select joint repair surgery.
Medical ceramic falls within the categories of class I (which includes surgical tools), class II (which includes medical instruments), class III (which includes implants), and class IV (which includes pacemakers) devices, all of which require pre-market approval. In the United States (FDA approval), Europe (CE mark approval), and a few areas of Asia (MHLW permission), a large variety of medical ceramics have received clearance. The complexity of these processes prevents the commercialization of highly advantageous technologies and raises the cost that manufacturers must bear to comply with FDA and CE regulatory requirements.
Medical ceramics are in greater demand in the healthcare sector, which presents growth prospects for manufacturers. Government programs also give participants a platform to take advantage of the chances. Governments have boosted funding for R&D projects towards the creation of novel technology, particularly in industrialized nations. The sales of medical implants and gadgets directly affect the demand for medical ceramics. The sales of medical devices and implants are driven by the sharp rise in worldwide population and the rise in the elderly population. Patients and physicians around the world are becoming more accepting of medical implants. For instance, to enhance their quality of life, numerous individuals all around the world select joint repair surgery.
The rise in the number of medical treatments needing implants, such as orthopedic and dental implants, is one of the main factors driving this market's expansion. For instance, the National Center for Biotechnology Information predicted that 754,000 knee arthroplasty (replacement) surgeries will be conducted in 2021, making the knee the most frequently damaged joint among young athletes. Furthermore, as of July 2021, the European Commission claims that 450,000 hip arthroplasty (replacement) procedures have been completed in 2019. Due to their higher frictional characteristics of 0.5 to 1.0, technical ceramics are being used more and more in endo-prosthetics. The demand for medical ceramics products, such as dental screws and bridges, valves, and femoral head implants for hip replacement, is rising as a result of the rise in trauma cases brought on by trips, falls, and other accidents, which necessitate the use of medical intervention (orthopedics). According to The Economic Times, there will be about two billion people over the age of 60 by 2050, a growth of almost 20%. And this will result in an increase in bone-related disorders, such as joint replacement, osteoporosis, and back discomfort, where medical ceramics are widely used. These conditions will substantially push the ceramic medical industry. Additionally, the market for medical ceramics may be stimulated by the expanding use of medical ceramics in dental operations. As a result, this element is fueling the market CAGR.
The global demand for knee and hip replacement surgeries is being driven by the increasing prevalence of age-related conditions (including rheumatoid arthritis, osteoarthritis, osteoporosis, and fractures) and sports injuries. By 2020, osteoarthritis will be the fourth-leading cause of disability worldwide, predicts the WHO. The American Academy of Orthopedic Surgeons (AAOS) predicts that by 2030, there will be 3.5 million knee replacement surgeries carried out annually in the US. Additionally, it is anticipated that the US will undertake more than 570,000 main total hip replacement surgeries yearly by the year 2030. Around 2 million joint replacement surgeries were been out in the US as of July 2020, according to the American Joint Replacement Registry (AJRR) Report. The rise in hip and knee replacement surgeries is viewed as a sign that the market is expanding. Devices for replacing the hip and knee are frequently made of medical ceramics.
Clinical trials are costly and time-consuming processes in the development of medical ceramic goods. These goods must pass the ISO biocompatibility testing requirements in order to be implanted inside of a human body. The clearance process for medical ceramic goods is laborious, expensive, and time-consuming due to the regulatory procedures' complexity, restrictions, and reliance on the composition of ceramics and their intended applications. This aspect can limit the market for medicinal ceramics.
Report Coverage
Global Medical Ceramics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Medical Ceramics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Medical Ceramics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Medical Ceramics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Zimmer Biomet Holdings, Inc. (U.S.), Institut Straumann AG (Switzerland), 3M (U.S.), DePuy Synthes (U.S.), Stryker (U.S.), CoorsTek, Inc. (U.S.), CeramTec (Germany), Nobel Biocare (Switzerland), Kyocera Corporation (Japan), Rauschert Group (Germany), H.C. Starck GmbH, Morgan Advanced Materials. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Medical Ceramics Market from 2021 to 2030.
- Market Forecast for Medical Ceramics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Medical Ceramics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Medical Ceramics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Medical Ceramics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Medical Ceramics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Zimmer Biomet Holdings, Inc. (U.S.), Institut Straumann AG (Switzerland), 3M (U.S.), DePuy Synthes (U.S.), Stryker (U.S.), CoorsTek, Inc. (U.S.), CeramTec (Germany), Nobel Biocare (Switzerland), Kyocera Corporation (Japan), Rauschert Group (Germany), H.C. Starck GmbH, Morgan Advanced Materials.
Primary Target Market
- Market Players of Medical Ceramics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Medical Ceramics market based on the below-mentioned segments:
Global Medical Ceramics Market, By Type
Bioinert
Bioactive
Bioresorbable
Piezo Ceramics
Global Medical Ceramics market, By Application
Devices
Implant
Disposables
Packaging
Global Medical Ceramics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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