(I-BusinessNews.Com, October 23, 2019 ) According to Renub Research report “Medical Ceramics Market, Global Forecast, by Material Type Bio-inert, Ceramics used in Application, Regions, Companies” Global Medical Ceramic Market is anticipated to exceed US$ 26 Billion by year 2025.
Ceramics products are produced at high temperatures by firing non-metallic materials. Silicon nitride (Si3N4), alumina, macor, zirconia toughened alumina, zirconia (TZP), dielectric, silicon carbide (SiC), single crystal piezoelectric and braze alloys are some of the materials used in the manufacture of ceramics. Implantable medical devices, diagnostic imaging instruments, consumable medical devices and other therapeutic medical devices are some of the major medical uses of these ceramics.
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Growing research activities for the development of new medical ceramics, increasing demand for medical ceramics in plastic surgery and wound healing applications, increasing number of hip and knee replacement procedures, and increasing demand for implantable devices are the key factors driving this market growth. The increasing healthcare industry in emerging economies, increased research activities in medical ceramics for applications in nanotechnology and electronic devices, and a rising number of free trade agreements are an opportunity for the market to expand.
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One of the major growth factor of this market is increasing numbers of medical procedures involving orthopedic implants, dental implants, medical imaging equipment and cardiovascular implants. The growing number of medical procedures is a result of factors such as the demand for minimally invasive medical procedures, the introduction of innovative products that increase the effectiveness of therapeutic & diagnostic medical procedures, and the continuous improvement of healthcare infrastructure around the globe.
North America currently holds a significant share of the market and is expected to maintain its dominance over the forecast period. High rates of use of implantable medical devices and diagnostic imaging equipment coupled with the existence of a relatively larger number of manufacturers of medical devices in the region are some of the factors that account for big market share. The Asia-Pacific medical ceramics market is expected to grow at the fastest rate during the forecast period due to drivers such as rising demand for outsourcing medical devices in emerging economies such as India and China, high unmet medical needs, and continuous improvement of healthcare infrastructure in the region. In addition, the fact that Asian countries like China manufacture cost-effective medical devices for patients with lower disposable incomes will serve as a catalyst on the Asia-Pacific medical ceramics market.
Although medical ceramics are considered to be non-toxic, however, there are cases in which very small traces of radioelements are found even in fully processed ceramics. This becomes a highly debatable problem as even trace amounts of radioelements can have devastating effects on tissues and organs and could lead to negative feelings between consumers. This element is expected to hamper the market’s overall growth prospects to some degree over the forecast period of the study. Nonetheless, it is expected that the latest product varieties on the market, such as digital implantable ceramic sensors, would lead in the near future to new market opportunities.
By Material Type: Market and market share of Bio-inert (Alumina and Zirconia), Bioactive (Hydroxyapatite and Glass Ceramics), Bioresorable, and Piezo-ceramics are covered in this research report.
By Application: Regenerative Procedures, Medical Equipments, Dental, and Orthopedic are covered with market and market share in the report. Prosthetic Dental is having the biggest market share than other applications of medical ceramics.
By Regions: Market and market share of North America, Europe, Asia-Pacific & Rest of World is given in the research report. Currently, North America region has a significant market share.
By Companies: Overview, Business Strategy /Mergers & Acquisition and Financial Insights of following companies are given in the research report CeramTec GmbH, Kyocera Corporation, Morgan Advanced Materials, H.C. Stark, 3M, DSM, NGK Spark Plug, DePuy Synthes, Zimmer Biomet Holding Inc., and Straumann
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