PUBLISHER: Allied Market Research | PRODUCT CODE: 1097691
PUBLISHER: Allied Market Research | PRODUCT CODE: 1097691
The global medical ceramics market was valued at $17.5 billion in 2020, and is projected to reach $29.4 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030.
Medical ceramic is an important component in the manufacture of a variety of implantable devices, primarily related to hip prostheses, knees, shoulders, wrists, fracture fixation, and bone grafts, such as orthopedic implants. Cardiovascular implants such as heart valves, pacemakers, catheters, grafts, and stents are manufactured using medical ceramic raw materials. It is further used in the manufacture of dental implants such as enamel, padding, prostheses, and orthodontics. Hearing implants, such as cochlear implants, are manufactured using medical ceramics. Acceptance of medical ceramics is expected to increase over the next few years with rise in demand for implantable devices in a variety of areas such as cardiovascular, dental, and orthopedics
The global medical ceramic market growth is driven by increasing demand for medical implants, as they are artificial devices used to replace damaged or missing biological parts. Implants help manage medication, monitor physical function, and support organs & tissues in a variety of applications such as dentistry, orthopedics, and the cardiovascular field. The market growth is driven by growing medical needs for the elderly, advances in medical technology, and rise in incidence of chronic diseases such as osteoarthritis, cardiovascular disease, neuropathy, and congenital disorders. A significant increase in the elderly population is expected to increase the demand for joint reconstruction, cardiovascular surgery, denture surgery, and hearing implants. These factors, in turn, are expected to support the demand for the hearing, orthopedics, and dental implant.
The healthcare industry is growing rapidly, offering growth opportunities for medical ceramic manufacturers. Brazil, Russia, India, China, and South Africa (BRICS) are one of the fastest growing economies in the world. As the elderly population grows in these countries, the demand for medical facilities and equipment is expected to increase, potentially driving the medical ceramics market growth. Rise in demand is attributed to low prices of dental treatment and development of its medical infrastructure in these countries compared to the developed countries.
It is difficult to find debris in medical ceramic structures and any internal cracks or wear in the ceramic matrix components. Lack of skilled labor and proper technique to repair further highlights the problem of reparability. Medical ceramics have a long life but cannot be recycled. This is one of the major restraints for the growth of the medical ceramics market. Due to long life and varied optical & mechanical properties of medical ceramics, different composites are used in various end-user applications which can be recycled and repaired.
The COVID-19 outbreak impacted the global medical ceramics market as demand for medical ceramics from end use applications declined for a short-term period at the beginning of 2020. The global spread of COVID-19 led to the complete suspension of elective surgeries, especially in the most-affected countries. Some regions witnessed a 70% reduction in the number of patients seeking aesthetic treatments from January 2020 onward. Moreover, several dental events have been postponed due to the COVID-19 pandemic.
The global medical ceramics market is segmented on the basis of type, application, and region.
By type, medical ceramics are classified into bio-inert, bio-active, bio-resorbable, and piezo-ceramics. Bio-inert ceramics form bulk of the medical ceramics market and include aluminum oxide, zirconia, and carbon. Key bio-active ceramics, such as are hydroxyapatite (HAP), glass & bio-glass, and zirconia alumina composite, are used as formative materials. By application, the market is classified into medical implants, devices, disposables (gloves, vials, tools), and packaging. The global medical ceramics market is analyzed based on four regions, which include North America, Europe, Asia-Pacific, and LAMEA. Due to high prevalence of dental decay, increase in injuries, and rapid adoption of medical ceramics in the medical devices market, North America is expected to account for the largest market share. Asia-Pacific is expected to be the fastest-growing regional medical ceramics market due to a large number of adults residing in the region suffering from dental avulsion, tooth decay, and gum disease, resulting in loss of teeth.
COVID-19 Impact Analysis:
By Application
By Type
By Region