Number of pages: 100 | Report Format: PDF | Published date: 30 September, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
According to the deep-dive market assessment study conducted by Growth+ Reports, the Global Medical Ceramics Market was pegged at ~US$ 2.8 billion in 2021. The market is expected to witness a CAGR of ~6.4% from 2022 to 2030.
Medical ceramic or bioceramic is a type of material that is used for repairing or replacing damaged bone tissues. Depending on the application, bioceramics can directly interact with the tissue in the area, either promoting tissue growth or, in the case of bioactive ceramics, causing new tissue regeneration. Bioceramics can remain inactive at the application site and act as a mechanical load carrier.
The rising demand for medical implants due to the increasing prevalence of chronic diseases such cardiovascular diseases (CVDs), spinal cord disorders, etc. is the major driving factor of the global medical ceramics market. There is rise in the use of medical ceramics for the plastic surgeries and wound care application thus increasing the demand for medical ceramics. Moreover, there is rise in geriatric and obese population, increasing the demand for hip and knee replacement procedures, which is also playing a pivotal role in the growth of the global market. The increasing number of dental implant procedures is also fueling the growth of the global medical ceramics market. However, it is very difficult to get approval for medical ceramics as it need to place inside human body and must be under biocompatibility testing standards, thus the regulatory processes are difficult, costly, and dependent on the content of ceramics and potential applications. This is a major factor restricting the global medical ceramics market. Moreover, lack of skilled healthcare professionals in the developing countries is also restricting the market.
The global medical ceramics market has been analyzed from three perspectives: material, application, and region.
Medical Ceramics Market by Material
Based on materials, the global medical ceramics market is segmented in bioinert ceramics, bioactive ceramics, bioresorbable ceramics, and piezoceramics. The bioinert ceramics segment holds the largest market share of the global medical ceramics market in 2021. The bioinert ceramics segment is further classified in zirconia, alumina, and others. Among these, zirconia has the largest share as zirconia has high mechanical and fracture toughness. Zirconia has many advantageous qualities, including a smooth surface, a dense texture, resistance to abrasion and corrosion, good chemical stability, and excellent biocompatibility, thus increasing the demand for zirconia. Moreover, medical ceramics composed of zirconia exhibit great resistance to compression and traction and mechanical properties that are similar to those of stainless steel, thus supporting the segment growth.
Medical Ceramics Market by Application
Based on application, the global medical ceramics market is segmented into dental, orthopedic, cardiovascular, surgical instrument, diagnostic instrument, plastic surgery, and others. The orthopedic segment dominated the global medical ceramics market with the largest market share in 2021. The orthopedic segment is further divided into joint replacement, fracture fixation, and orthbiologics. The large share of the orthopedic segment can largely be attributed to the rise in the number orthopedic disorder and rising geriatric population which is more affected by osteoarthritis. Moreover, the rise in the numbers of joints replacement surgeries and bone fractures is also increasing the demand for medical ceramics. According to the OECD Health Working Papers, the average number of hip and knee replacements in OECD countries is 174 per 100,000 people for hip and 137 per 100,000.
Medical Ceramics Market by Region
Based on region, the global medical ceramics market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global medical ceramics market in 2021, followed by Europe. Asia Pacific market is anticipated to grow at the fastest CAGR during the forecast period. The large share of North America in the global medical ceramics market can be largely attributed to rise in the number orthopedic disorders. Moreover, there is a rise in the number of plastic surgeries. According to the American Academy of Facial Plastic and Reconstructive Surgery, around 1.4 million surgical and non-surgical procedures are performed in 2021 in U.S. The growth in the number of the dental procedures is also increasing the demand for medical ceramics. The rising geriatric and obese population is leading the rise in the number of joint replacement procedures thus boosting the regional growth. Additionally, the developed healthcare infrastructure with the presence of top market players and continuous rise in the innovation related to medical ceramics is also expected to fuel the regional growth.
Some of the prominent players operating in the global Medical Ceramics market are: