Medical Ceramics Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The medical ceramics refers to bioceramics that are used in the healthcare industry for a variety of applications, including dental materials and artificial bones and joints. A family of materials called bioceramics is utilized to replace or repair broken bone tissues. Depending on the use, medical ceramics can directly interact with the tissue in the area, either promoting tissue growth or, in the case of bioactive ceramics, triggering fresh tissue regeneration.

Sizing and Forecast
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..

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Segmentation & Regional Insights
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

North America was the largest region in the medical ceramics market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical ceramics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the medical ceramics market report are 3M Company, Admatec BV, CeramTec GmbH, CoorsTek Inc., DePuy Synthes, Elan Technology Inc., Koninklijke DSM NV, Rauschert GmbH & Co KG, Institut Straumann AG, Tosoh Corporation, Zimmer Biomet Holdings Inc., APC International Ltd., Johnson & Johnson, H.C. Starck GmbH, Morgan Technical Ceramics, Nobel Biocare Services AG, Stryker Corporation, Zimmer Dental Holdings Inc., Kyocera Corporation, Advanced Ceramics Manufacturing, Astro Met Inc., LSP Industrial Ceramics Inc., C-Mac International LLC, Insaco Inc., Alumina Ceramic Components Inc., Renfert USA, TESco Associates Incorporated, Small Parts Inc., Metsch Refractories Inc., High Tech Material Solutions, Aremco Products Inc., Fineway Inc., TQ Abrasive Machining, Saint-Gobain Ceramics – Hexoloy, Wright Medical Technology, BCE Special Ceramics, Stanford Advanced Materials, Piezo Kinetics Inc., Atlantic Equipments Engineers, Markinter Ceramics Pvt. Ltd., Ceramaret SA, AVX Corporation, Ceramics Processing Systems

The medical ceramics market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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