Medical Ceramics Market Is Poised To Reach $18.45 Billion By 2022

CITY – Northbrook, Country – USA, 2020-Feb-12 — /EPR Network/ 

Increasing research activities for the development of novel medical ceramics, growing demand for medical ceramics in plastic surgeries and wound healing applications, rising number of hip and knee replacement procedures and increasing demand for implantable devices are driving the growth of the medical ceramics market.

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“The global medical ceramics market size is expected to reach USD 18.45 Billion by 2022 from an estimated USD 13.38 Billion in 2017, at a CAGR of 6.6%.” The medical ceramics market is emerging and fragmented in nature with various regional and international players. In 2016, the medical ceramics market was dominated by a few large players and several small players.

Browse 109 market data Tables and 31 Figures spread through 160 Pages and in-depth TOC on “Medical Ceramics Market – Global Forecast to 2022”

The key factors driving the growth of this medical ceramics market are increasing research activities for the development of novel medical ceramics, growing demand for medical ceramics in plastic surgeries and wound healing applications, rising number of hip and knee replacement procedures, and increasing demand for implantable devices.

On the basis of type of material, the medical ceramics market is segmented into bioinert ceramics, bioactive ceramics, bioresorbable ceramics, and piezoceramics. The bioinert ceramics segment is further divided into zirconia, alumina, and others (titanium, pyrolytic carbon, and silicon nitride). The bioinert ceramics segment is expected to register the highest CAGR during the forecast period. Bioinert ceramics exhibit high fracture toughness, low thermal conductivity, excellent resistance to wear and corrosion, and extremely high bending and tensile strength. Owing to their greater hardness as compared to other metal alloys, bioinert ceramics are widely used in the orthopedic and dental industry.

Based on application, the market is segmented into dental applications, orthopedic applications, cardiovascular applications, surgical instruments, diagnostic instruments, plastic surgery, and other applications (cancer, dialysis, drug delivery systems, and gene therapy).The plastic surgery segment is expected to register the highest CAGR during the forecast period. The high growth in this segment can be attributed to the growing number of elderly people, positive public perception towards cosmetic surgeries, and technological advancements.

Asia Pacific is expected to register the highest CAGR during the forecast period, owing to Japan’s growing healthcare industry, the lucrative medical devices industry in China, favorable tax policy in China, growing aging population in China and India, rising number of cosmetic and plastic surgeries in India, high incidence of CVD in India, and rising volume of hip and knee replacement procedures in Australia.

Growing healthcare industry in emerging economies, increasing research activities in medical ceramics for nanotechnology and electronic device applications, and increasing number of free-trade agreements are expected to offer growth opportunities for players operating in the market.

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Years considered for this report

• 2016 – Base Year
• 2017 – Estimated Year
• 2022 – Projected Year
• 2017–2022 – Forecast Period

Target Audience:

• Medical ceramics manufacturing companies
• Original equipment manufacturing companies
• Suppliers and distributors of medical ceramics
• Healthcare service providers
• Teaching hospitals and academic medical centers (AMCs)
• Health insurance players
• Government bodies/municipal corporations
• Regulatory bodies

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