Medical Ceramics Market 2020: Development Status, Business Strategy And Industry

Given the debilitating impact of COVID-19 (Coronavirus) on Medical Ceramics Market, companies are on the lookout for starting production lines. Get an inside look at the market prospects and its future decisions in light of the pandemic and other such unforeseen circumstances.

Medical Ceramics Market Overview:

Global medical ceramics market is expected, as per Market Research Future (MRFR) reports, to rise by 6.5% CAGR over the forecast period (2017-2023). It can also achieve substantial market valuation by the end of 2023. Medical ceramics find substantial percolation in the healthcare sector. Its applications as implants, prosthetics, and medical tools & devices are quite riveting. Mostly this equipment are sourced from alumina and zirconia. Among other uses, pacemakers, kidney dialysis machines, and respirators are keeping the medical ceramics market quite engaged. Medical ceramics are getting quite popular owing to their abrasion resistance and inert nature inside the human body. These properties are providing considerable traction to the market as bone replacements and dental implants. MRFR report on the medical ceramics market included segmental analysis, both volume-wise and value-wise. At the same time, factors that can influence the market in the coming years are also included in the report.

Read more news on: https://www.medgadget.com/2020/06/covid-19-impact-analysis-on-medical-ceramics-market-2020-industry-size-global-share-growth-application-swot-analysis-top-company-profile-merger-regional-outlook.html

The medical ceramics market is getting traction from several healthcare departments such as cardiology and dental. Its features are making it an easy-to-approach option for these segments. But, mostly, the medical ceramics market is enjoying rising investment from both government and private bodies which can also curb the effects of high cost of the procedures. These initiatives can ensure substantial growth for the market in the coming years.

Medical Ceramics Market Competitive Landscape:

Notable players mentioned in the medical ceramics market, as described in the report published by MRFR, are Zimmer Holdings, Inc, CoorsTek Inc., Stryker, Straumann, H.C. Starck GmbH, Kyocera Corporation, 3M ESPE, Morgan Advanced Materials, Nobel Biocare Services AG, and DePuy Synthes.

Medical Ceramics Market Segmentation:

MRFR in their report segments the medical ceramics market by type, application, and end-user for a holistic analysis.

Based on the type, the medical ceramics market size is segmented into bioactive ceramics, piezoceramics, bioinert ceramics, and bioresorbable ceramics. The bioinert ceramics segment includes zirconia, alumina, and others. The bioactive ceramics comprises hydroxyapatite and glass ceramics.

Based on the application, the medical ceramics market includes cardiovascular, diagnostic instruments, dental, plastic surgery, orthopedic, surgical instruments, and others. The dental segment consists dental implants, dental crowns & bridges, inlays & onlays, braces, and dental bone grafts & substitutes. The orthopedic segment is sub-segmented into a joint replacement, fracture fixation, and orthobiologics. The joint replacement segment includes knee replacement, shoulder replacement, hip replacement, and others.

Based on the end-user, the medical ceramics market comprises specialty centers, hospitals and clinics, and research centers.

Medical Ceramics Market Regional Analysis:

MRFR segments the medical ceramics market, regionally, by segmenting it into North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

Increasing healthcare expenditure in the region, robust healthcare sector, technologically advanced treatment procedure, and increasing government initiatives are providing the North American medical ceramics market substantial traction. The presence of a country like the U.S. and Canada are helping the regional market in strategic developments.

Innovative research technologies and the inclusion of nanotechnology in the segment can help the market in gaining substantial ground in Europe. The dental industry is receiving substantial boost from a country like Hungary which has emerged as a medical hub for the dental industry.

The APAC market can be assured of substantial growth due to the presence of countries such as India and China who are developing their industry centering much around medical tourism. This requires substantial development in the healthcare infrastructure and governments from these countries are investing heavily in exploring the option to the fullest. These factors can directly influence medical ceramics market growth. 

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In 2018, researchers from the City University of Hong Kong (CityU) had successfully developed a method to develop 4D printed medical ceramic products which would be robust in their construction and can provide complex shapes. The important factor that would trigger the technology is the ceramic ink that is a combination of polymers and ceramic nanoparticles.   

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Sapana Joined: March 13th, 2019