IMARC Group, a leading market research company, has recently releases report titled “Medical Ceramics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global medical ceramics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the medical ceramics market?
The global medical ceramics market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
What are medical ceramics?
The growing prevalence of dental and medical ailments across the globe is primarily driving the medical ceramics market. In addition to this, the expanding geriatric population, who are more prone to serious health conditions and require frequent surgical procedures, is also augmenting the global market. In line with this, the rising need for alumina-based medical ceramics to manufacture shoulder, knee, and hip implants for orthopedic procedures is further bolstering the market growth. Furthermore, the widespread use of plastic surgery and advanced wound healing technologies is a significant growth driver.
Apart from this, continuous technological advancements, including the development of innovative and novel medical ceramics, are also positively influencing product demand. Besides this, the introduction of minimally invasive (MI) implants for dental, orthopedic, and cardiovascular applications, which cause minimal discomfort and increase the efficacy of the medical procedures, is expected to propel the medical ceramics market in the coming years.
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What are the growth prospects and trends in the medical ceramics industry?
The increasing influence of social media, inflating income levels, and growing focus on physical appearances are driving the demand for skin care products, which is primarily augmenting the glycolic acid market. Moreover, glycolic acid is also utilized in the food and beverage (F&B) industry as a preservative, flavoring agent, and adhesive for packaging products. In addition to this, increasing environmental concerns are encouraging the manufacturing of economic and biodegradable cleaning products, which utilize glycolic acid. Additionally, several key manufacturers are investing in research and development (R&D) activities to improve product efficacy and effectiveness. Furthermore, the rising usage of glycolic acid in the production of biomedical devices, such as staples, sutures, implants, meshes, etc., is expected to fuel the global glycolic acid market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Bioinert
- Bioactive
- Bioresorbable
- Others
Breakup by Application:
- Orthopedic
- Implantable Devices
- Dental
- Surgical and Diagnostic Instruments
- Others
Breakup by End User:
- Hospitals and Clinics
- Pharmaceutical and Biotechnology Companies
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Co.
- CeramTec GmbH
- CoorsTek, Inc.
- Medical Device Business Services, Inc.
- Starck Tungsten GmbH
- KYOCERA Corporation
- Morgan Advanced Materials Plc
- Ngk Spark Plug Co., Ltd.
- Institut Straumann AG,
- Zimmer Biomet Holdings, Inc.
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