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Medical Ceramics Market

Medical Ceramics Market

Medical Ceramics Market By Application (Dental, Orthopedic, Cardiovascular, Plastic Surgery), By Material Type (Bioinert, Bioactive, Bioresorbable, Piezoceramics) & By Region - Global Insights 2021-2031

Medical Ceramics Market
FACT5560MR
  • Nov-2021
  • List of Tables : 25
  • List of Figures : 132
  • 170 Pages
  • Healthcare

Market Outlook for Medical Ceramics

Application of medical ceramics is widespread, from developing medical devices & equipment, to playing a crucial role in bone & hip replacement and plastic surgery.

Increase in requirement for bioresorbable materials coupled with advancements in the medical sector is projected to boost the growth of manufacturers of medical ceramic products.

While fierce competition among key regional players operating in Asia Pacific, North America, and Europe is getting prevalent, stakeholders in the medical ceramics industry are forecast to come across ample of opportunities over the coming years.

The latest study by Fact.MR provides an in-depth analysis of the global medical ceramics market, while emphasizing on regional trends, demand-supply trajectories, and key factors across 20+ countries for the forecast period of 2021 to 2031.

The report also elaborates on the impact the COVID-19 pandemic is having on this space.

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Historical & Future Outlook of Medical Ceramics

While the medical industry has fully utilized the diversity of medical ceramic products, key players in the medical ceramics industry have emphasized on the quality and efficiency of these products over the past years.

As a result, the requirement for various medical ceramic products such as bioinert ceramics, glass ceramics, and piezoceramics, to name a few, has increased gradually, owing to their reliability and operability in medical domains. According to Fact.MR, growth of the medical ceramics industry has been steady and promising over the last 5 years from 2016 to 2020.

With exponential growth in the medical sector, the adoption rate of a broad range of medical ceramics is increasing fast around the world.

Despite coming to a standstill in the first half of 2020, manufacturing hubs are expanding to meet the rising requirement for medical ceramic products. According to Fact.MR, the medical ceramics market is expected to expand at close to 6% CAGR through 2031.

How are Advancements in Medical Sector Aiding Medical Ceramic Product Manufactures?

As the medical sector is becoming more advanced, medical ceramics is gaining further momentum. Increase in governmental investments and various initiatives taken by them are further bolstering the growth of players providing medical ceramics.

For instance, the Government of the United Kingdom has committed EUR 150 million to develop new healthcare technology in the United Kingdom.

Canada has the second-largest concentration of biotech companies in the world, while its medical and biotechnology industries are highly advanced, owing to rise in expenditure on research & development (R&D) activities.

Such advancements in the medical sector are significantly aiding progress in medical ceramics, such as the advent of medical ceramic cement for joint replacement.

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What are the Key Challenges Faced by Providers of Medical Ceramic?

While the usage of medical ceramics is well-known, there are certain factors that often work as restraints for manufactures. For instance,

  • The strength of ceramics is highly dependent on the presence of flaws, and they are often brittle in the long run, such as dental composites.

  • Despite having application in bones, joints, and hips replacement, bio-compatibility is still an issue.

However, with growing number of research & development activities, manufacturers are expected to overcome these cons and excel further in this field over the coming years.

medical ceramics market

Country-Wise Analysis

Why are Stakeholders in the Medical Ceramics Industry Attracted to China?

China is the leading country in the world’s fastest growing medical ceramics market, Asia Pacific, and is predicted to sustain its position during the forecast period. Prevalence of dental and cardiovascular diseases coupled with rise in healthcare expenditure are bolstering growth in China.

According to the 4th National Oral Health Survey Report, published by the National Center for Biotechnology Information (NCBI) in 2018, prevalence of shallow and deep dental pockets among the 35 to 44-year-old population in China is 45.8% and 6.9%, respectively. This is indirectly raising demand for medical ceramics in the country.

As stated in a report published by the China Commercial Guide of Privacy Shield Framework, China’s health expenditure was US$ 777 billion, and accounted for 5.7% of China’s Gross Domestic Product (GDP) in 2018, while health expenditure as a percentage of the GDP increased to close to 7% by 2020. This, in turn, is widening the growth scope for suppliers of medical ceramics in China.

How are New Inventions Driving Market Growth in the United States?

The United States, being the dominating country in the North American market, is expected to remain in the spotlight for key players in this industry. Rise in cases of cardiovascular diseases and increase in inventions in the medical sector are bolstering growth in the United States.

Some medical inventions that have taken place in the U.S. in 2018 and 2019 are-

  • Advent of Artificial Intelligence (AI) in healthcare
  • Expanded window for acute stroke intervention
  • Patient-specific products achieved with 3-D printing
  • Innovation in robotic surgery

According to a report published by the Centers for Disease Control and Prevention (CDC), on 8th September, 2020, one person dies every 36 seconds in the U.S. from a cardiovascular disease, while around 655,000 Americans die from heart disease each year. This has resulted in higher rate of application of medical ceramic products, such as diagnostics devices, in this sub-sector of the medical industry.

Why Gives Germany a Leading Share in the Medical Ceramic Products Domain in Europe?

Germany is the epicenter of the market in Europe, owing to high rate of application of various medical ceramic products such as biointent, bioactive, and others in diverse medical fields.

According to a report published by the European Commission (EC), health expenditure in Germany is quite high, which was EUR 3,996 per capita in 2015, the second-highest in the EU, and 43% more than the average EUR 2,797. As per the report, this rate is increasing steadily, which is a key driving factor for the growth of suppliers in the country.

Will India’s Medical Ceramics Market Come into the Limelight?

Rise in awareness regarding healthcare, increase in number of hospitals and dental clinics, and rising governmental investments in the healthcare sector are some of the significant factors for the growing use of medical ceramics in India.

According to a report titled “Healthcare Industry in India, Indian Healthcare Sector, Services”, published by the India Brand Equity Foundation (IBEF) on 10th February 2021, the hospital industry in India is forecast to increase to Rs. 8.6 trillion (US$ 132.84 billion) by FY2022, from Rs. 4 trillion (US$ 61.79 billion) in FY2017, at a CAGR of 16 - 17%.

Additionally, the Government of India is planning to increase public health spending to 2.5% of the country’s GDP by 2025. This will substantially fuel sales of medical ceramic products in the near future.

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Category-Wise Insights

Why are Medical Ceramics Most Sought-after in Dental Procedures?

Increase in application of various medical ceramic products such as porcelain ceramics and glass ceramics in dental treatment has been boosting the sales of manufacturers since the past decade. Medical ceramic products are extensively used in various dental treatments such as tooth crowns, restorative components, and prosthetic teeth, to name a few. As a result, players in the medical ceramics industry are focusing on launching more products for these types of applications.

Other key segments in terms of application, which are aiding the growth of suppliers in this industry are orthopedic, cardiovascular, and plastic surgery.

Will Rise in Demand for Bioresorbable Medical Ceramics Bolster Market Growth?

Presently, bioresorbable materials are most sought-after by suppliers of medical ceramics. This type of medical ceramics is highly bio-compatible, reliable, and has a diverse set of applications, starting from plastic surgery to hip or joint replacement.

Other key materials that have high potential to contribute to market growth are bioinert, bioactive, and piezoceramics.

Competitive Landscape

Competition in the global medical ceramics market is getting fiercer by the day. As a result, key players are launching innovative products and entering into partnerships in order capture upcoming opportunities and sustain their positions. For instance,

  • Johnson & Johnson Medical Devices Company launched its new range of products such as PINNACLE® Hip Solutions, BIOLOX® Delta Ceramic Heads, and others, a couple of years back.
  • As announced on 4th February 2019, KYOCERA acquired 100% ownership of H.C. Starck Ceramics GmbH, a Germany-based manufacturer of advanced ceramics, in order to increase its sales footprint.

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Vietnam
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • Application
  • Type of Material
  • Region

Key Companies Profiled

  • 3M Company
  • CeramTec GmbH
  • CoorsTek, Inc.
  • DePuy Synthes
  • H.C. Starck GmbH
  • Koninklijke DSM NV
  • Kyocera Corporation
  • Morgan Advanced Materials PLC
  • NGK Spark Plug Co., Ltd.
  • Rauschert GmbH & Co., KG
  • Straumann
  • Zimmer Biomet Holdings, Inc.

Report Coverage

  • Market Forecasts
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Market Segmentation by Category

  • Application

    • Dental
    • Orthopedic
    • Cardiovascular
    • Plastic Surgery
    • Other Applications
  • Type of Material

    • Bioinert
    • Bioactive
    • Bioresorbable
    • Piezoceramics
  • Region

    • North America
    • Latin America
    • Europe
    • Middle East and Africa (MEA)
    • East Asia
    • South Asia
    • Oceania

- FAQs -

Some of the top companies competing in this landscape are 3M Company, CeramTec GmbH, H.C. Starck GmbH, NGK Spark Plug Co., Ltd., and Zimmer Biomet Holdings, Inc.

China, the United States, United Kingdom, Germany, Japan, France, and Canada are lucrative markets for medical ceramics, and are expected to dominate this industry throughout the forecast period.

Presently, bioresorbable materials are the most sought-after in terms of material, owing to their high level of bio-compatibility, reliability, and wide range of application, and are expected to keep leading over the forecast period from 2021 to 2031.&

Presently, key applications of medical ceramics are dental, orthopaedic, and cardiovascular. With advancements in the medical industry and rise in health expenditure, manufacturers are expected to witness higher demand from these segments over the comi

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