Medical Ceramics Market worth 16.3 Bn USD by 2020, According to a New Study on ASDReports

Friday 22 January 2016, Amsterdam

The report, now available on ASDReports, "Medical Ceramics Market by Material (Bio-Inert Ceramics, Bio-Active Ceramics, Bio-Resorbable Ceramics, Piezo Ceramics), by Application (Dental Implants, Orthopedic Implants, Surgical Instruments, Diagnostic Instruments, Implantable Electronic Devices and Others), and by Region - Global Forecast to 2020", The global medical ceramics market is projected to reach USD 16.3 Billion by 2020. This growth is fueled by the high potential from the dental & orthopedic implants and increasing global demand for implantable devices.

Bio-inert ceramics: The largest type of medical ceramics

Bio-inert ceramics are high strength ceramics that are used in load-bearing body implants. These ceramics do not interact with the body environment apart from causing an initial fibrous tissue reaction, which coats the ceramic. These bio-inert ceramics can be used in similar situations to metallic implants as they exhibit impressive hardness & war characteristics, low friction, and produce no adverse immune response. Most widely used materials in bio-inert ceramics are aluminum oxide (Al2O3) and zirconia oxide (ZrO2). These are used in the construction of orthopedic and dental implants. With the growing need for implantable medical devices and increasing orthopedic and dental implant surgeries, the demand for these ceramics is expected to drive the medical ceramics market in the near future.

Dental implants: The largest application for medical ceramics

Dental implant is the replacement of tooth or bridge by an artificial tooth root that is placed in the jaw. Dental implants are the largest application of medical ceramics worldwide. Alumina, titanium, and zirconia are the major materials used for this application. As ceramics are characterized with high mechanical strength, excellent biocompatibility, tribological properties, and dimensional stability, these are ideal materials preferred for dental implants. The use of medical ceramics is growing significantly with the development of more advanced and specialized ceramics as they are much more compatible and versatile than previous bio-metals. Bio-inert ceramics and bio-active ceramics are the most appropriate and adaptable medical ceramics used in this application. Additionally, the medical ceramics market is expected to grow further with the shift in medical tourism from the U.S. and the U.K. to Malaysia, China, and India.

Asia-Pacific: The largest market for medical ceramics

Asia-Pacific is the global forerunner of medical ceramics market, in terms of value and volume, and is expected to continue till 2020. The countries in this region such as China, India, Japan, South Korea, and Indonesia are witnessing a significant increase in the use of medical ceramics in dental implants, orthopedic implants, surgical & diagnostic instruments, and other applications. The rapidly growing demand in end-use applications, competitive manufacturing costs, and high economic growth rate are the driving forces for the medical ceramics market growth in this region.

The medical ceramics market has few global players competing significantly for the market share, who are actively investing in various strategies such as new product developments, major acquisitions, joint ventures & collaborations, and expansions globally to increase their market share. Also, major players are investing heavily on R&D activities. Some of the key players in the medical ceramics market are CoorsTek Inc. (U.S.), CeramTec GmbH (Germany), Kyocera Corporation (Japan), Morgan Advanced Materials (U.K.), and DePuy Synthes (U.S.).

This report covers the market, in terms of value, for medical ceramics and forecasts the market size till 2020. The report includes the market segmentation by material, application, and region. It also includes company profiles and competitive strategies adopted by the key market players in the global medical ceramics market.