The Medical Ceramics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Medical Ceramics Global Market Report 2024, The medical ceramics market size has grown strongly in recent years. It will grow from $17.87 billion in 2023 to $18.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to advancements in material science, increasing aging population, expanding range of medical applications, biocompatibility and durability, rising incidence of chronic diseases
The medical ceramics market size is expected to see strong growth in the next few years. It will grow to $24.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growing demand for dental implants, increasing focus on regenerative medicine, expanding orthopedic applications, customization and 3d printing technologies, rising healthcare expenditure, stringent regulatory standards.. Major trends in the forecast period include focus on research and development, shift towards bioactive ceramics, product innovations, increasing applications in cardiovascular devices, stringent regulatory standards, global market expansion.
A rising number of hip & knee replacement procedures is expected to drive the medical ceramics market going forward. Knee replacement, also known as knee arthroplasty, is a procedure that includes partially or completely replacing the diseased joint with prosthetic components. The rising number of hip & knee replacement procedures require prosthetic components made of medical ceramics. For instance, in 2022, as per the report from the Center Orthopedic & Neurosurgical Care & Research, a US-based medical group, US total knee replacement surgeries are anticipated to increase by 673% to 3.5 million procedures annually by 2030. In their lifetimes, almost half of American adults will get knee osteoarthritis in at least one knee. Women receive about 60% of all knee replacement surgeries. According to estimates by personalized Orthopedic of palm Beach in November 2021, knee replacement surgery is carried out roughly 800,000 times a year in the United States alone, and that number is rising. Therefore, the rising number of hip and knee replacement procedures is driving the growth of the medical ceramics market.
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The medical ceramics market covered in this report is segmented –
1) By Type: Bionert, Bioactive, Bioresorbable, Piezo Ceramics
2) By Application: Dental, Orthopedic, Cardiovascular, Plastic Surgery, Other Applications
3) By End User: Hospitals and Clinics, Specialty Centers, Other End Users
Technological advancements in medical ceramics are a key trend gaining popularity in the medical ceramics market. Major companies in the medical ceramics market are advancing technologies to gain a competitive edge in the market. For instance, in October 2022, Freudenberg Medical, LLC, a US-based company engaged in the development and production of innovative medical products launched HelixFlex high-purity thermoplastic elastomer tubing. This silicone tubing and components for bioprocessing, drug and vaccine production, filling and sampling, peristaltic pumping, lab, and medical device applications are in addition to its current line of pharmaceutical products. TPE tubing is perfect for pharmaceutical bioprocessing applications since it can be heat-sealed to existing tube lines by welding, making it feasible for fluid transfer and transport in biopharma operations to be done quickly, easily, and safely
The medical ceramics market report table of contents includes:
1. Executive Summary
2. Medical Ceramics Market Characteristics
3. Medical Ceramics Market Trends And Strategies
4. Medical Ceramics Market – Macro Economic Scenario
5. Global Medical Ceramics Market Size and Growth
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26. South America Medical Ceramics Market
27. Brazil Medical Ceramics Market
28. Middle East Medical Ceramics Market
29. Africa Medical Ceramics Market
30. Medical Ceramics Market Competitive Landscape And Company Profiles
Top Major Players:
- 3M Company
- Admatec BV
- CeramTec GmbH
- CoorsTek Inc
- DePuy Synthes
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