In the year 2015, the global demand for medical ceramics was valued at $3,850 million and is anticipated to inflate with a CAGR of 6.2% to reach a value of $5,841 million by 2022. Medical ceramics are materials that are utilized for a variety of human contact and non-contact applications in the medical industry. These materials are chiefly used in the manufacture of medical implants, devices, disposables (gloves, vials, tools), and packaging. Medical ceramics are biocompatible in nature and either remain inert or are easily processed by the human body.
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 & bioglass, and zirconiaalumina composite, are used as formative materials as well as coatings for implants, devices, and disposables. Piezo-ceramics have gained popularity for use within electronic implants due to their tolerance for extreme temperatures.
Breakdown of Primary Respondents
Growth in investment towards research and development, increase in adoption of medical ceramics and development of low cost materials are driving the demand for medical ceramics in the healthcare industry. Medical ceramics are used widely for manufacturing medical devices, implants, disposables, and packaging. Across the industry, significant efforts are made to commercialize new medical ceramics to meet the specification of high end applications. Demand for ceramics in healthcare markets is growing significantly owing to a significant upsurge in the demand for medical implants, whereas demand for implants is growing primarily due to increased incidences of chronic diseases. The demand for medical ceramics is witnessing significant growth in all the regions, due to rapid acceptance of ceramics from product designing to final product manufacturing.
Medical Ceramics Market Segmentation
The key players in the world medical ceramics market have adopted various business strategies, such as research and development, product launch, agreement, acquisition, collaboration, expansion, and partnership, to sustain the intense market competition. The stakeholders of the medical ceramics market include medical ceramics material providers who distribute their products to several end-user industries across the globe. The data pertaining to market players and their strategic moves have been obtained through press releases of companies, blogs, and primary calls to the experts in the industry.
Top Investment Pockets
HAP and Zirconia were rated as top investment pockets in the medical ceramics market. Both these ceramics are low-volume, high-value products, which are mostly used in medical implants. Zirconiaalumina composite and carbon segments are gaining popularity for use in medical implants. Moreover, carbon is easily available at very competitive prices, making it a preferred material for several products.
Aluminum oxide is the most consumed medical ceramic and is used in implants as well as medical devices. Glass and bioglass are bio-active ceramics used for disposable and packaging. Piezo- and bio-resorbable ceramics have gained interest through increased adoption in medical devices and implantable devices. However, these segments are at initial stages of development and are costlier than their counterparts.
Growth In Sales of Medical Implants and Devices
Demand for medical ceramics is directly dependent upon the sales of medical implants and devices. The sharp rise in global population and increase in geriatric population are major drivers for rise in sales of the medical devices and implants. The acceptance for medical implants has increased worldwide among patients and doctors. For instance, a number of patients worldwide opt for joint reconstruction surgeries to improve their quality of life.
According to the U.S. National Center for Health Statistics, between 2001 and 2010, there has been an increase of 92% in patients over 75 years of age opting for total hip replacement, while for patients in the age group 4554, the rise has been a 205%. According to the American Academy of Implant Dentistry, approximately 3 million people have dental implants, which is growing by 500,000 every year.
World Ageing Population, 2010-2050
Major countries such as Japan, U.S., UK, Russian, and China are expected to witness large share of population above the age of 65 years by 2020.
Estimated population above 65 years of age by 2020
The exhibit depicts the estimated world population above the age of 65 years by 2020 as per National Institute of Health Report. Further rising incidences of chronic diseases worldwide also propel the growth of medical ceramics market.
Key players in the medical ceramics market comprise CoorsTek Inc., Zimmer Holdings, Inc, Straumann, Stryker, Kyocera Corporation, H.C. Starck GmbH, 3M ESPE, Nobel Biocare Services AG, Morgan Advanced Materials, and DePuy Synthes.
Other prominent players in the value chain include, Advanced Ceramics Research, Inc., Advanced Monolythic Ceramics, Inc., Advanced Industrial Ceramics, APC International Ltd, AVX Corporation, CeramTec GmbH, and Advanced Cerametrics Inc.
Key Market Benefits:
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the world medical ceramics market.
- In-depth analysis is conducted by constructing market estimations for key market segments between 2014 and 2022.
- Geographically, the medical ceramics market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA. It also includes country analysis of major countries in each geographic region.
- This study evaluates competitive landscape and value chain to interpret the competitive environment across various geographies.
- Comprehensive analysis of factors that drive and restrict the growth of the world medical ceramics market is provided.
- Exhaustive analysis of the world medical ceramics market by type predicts the major material used currently along with the ones that would gain prominence in the future.
- Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the framework.
Medical Cermamics Market Key Segment:
The Medical Ceramics Market is segmented as below:
- Aluminium Oxide
- Hydroxyapatite (HAP)
- Glass & Bioglass
- Zirconia Alumina
- Bioresorbable Ceramics
- Piezo Ceramics
- Surgical Instruments
- Diagnostic Equipment
- Orthopaedic Implants
- Electronic Implants
- Dental Implants
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- Rest of LAMEA