Medical Ceramics Market Size To Reach US$ 14.7 Billion by 2028 | Industry Analysis Report

IMARC Group, a leading market research company, has recently releases report titled “Medical Ceramics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global medical ceramics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the medical ceramics market?

The global medical ceramics market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

What are medical ceramics?

Also known as bio-ceramics, medical ceramics are biocompatible materials that undergo hot isostatic pressure (HIP) and injection molding technique. They exhibit inherent stability, high mechanical strength, and beneficial electrical properties. As a result, they are widely used for various contact and non-contact medical applications across the globe. Besides this, they are utilized for prosthetic dentures, dental and bone implants, and diagnostic and therapeutic medical devices, which include heart valves and pacemaker electrodes and consumables.

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What are the growth prospects and trends in the medical ceramics industry?

The growing prevalence of dental and medical ailments represents one of the key factors impelling the growth of the market. Moreover, the increasing geriatric population, which is relatively more vulnerable to these medical concerns and needsa considerable number of surgical procedures, is catalyzing the demand for medical ceramics around the world. Apart from this, there is a rise in the preference for alumina-based medical ceramics that find application in the manufacturing of knee, hip and shoulder implants for orthopedic procedures. The growing adoption of plastic surgeries and advanced wound healing technologies are also driving the market. Furthermore, leading players are working on technological advancements, including the development of innovative and novel medical ceramics. They are also introducing minimally invasive (MI) implants for dental, orthopedic, and cardiovascular applications. Looking forward, the market is projected to grow at a CAGR of 5.5% during the forecast period (2023-2028).

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Bioinert
• Bioactive
• Bioresorbable
• Others

Breakup by Application:

• Orthopedic
• Implantable Devices
• Dental
• Surgical and Diagnostic Instruments
• Others

Breakup by End User:

• Hospitals and Clinics
• Pharmaceutical and Biotechnology Companies
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• 3M Co.
• CeramTec GmbH
• CoorsTek, Inc.
• Medical Device Business Services, Inc.
• Starck Tungsten GmbH
• KYOCERA Corporation
• Morgan Advanced Materials Plc
• Ngk Spark Plug Co., Ltd.
• Institut Straumann AG,
• Zimmer Biomet Holdings, Inc.

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