The Medical Ceramics Market is being driven by Increasing incidence of trauma injuries
The Medical Ceramics Market is expected to grow at a CAGR of 5.31% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5483.2 million. In the medical industry, ceramics have emerged as a preferred choice for coating implantable devices, including orthopedic implants and cardiovascular stents. These coatings are primarily composed of hydroxyapatite, a material that mimics the composition of natural bone. Notably, these ceramic coatings offer several advantages, such as biocompatibility and the ability to elute drugs. Additionally, they provide enhanced hardness and abrasion resistance to coated components. As a result, manufacturers in the medical sector are increasingly incorporating these coatings into their production processes to create implants and devices with improved properties, such as reduced friction and superior adhesion.
Get more information on Medical Ceramics Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
191 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.31% |
|
Market growth 2024-2028 |
USD 5483.2 million |
|
Market structure |
fragmentation |
|
YoY growth 2023-2024(%) |
4.94 |
|
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
Medical ceramics have become an essential component in various medical applications due to their unique properties, including high strength, biocompatibility, and resistance to corrosion. In the field of dentistry, medical ceramics are widely used for dental implants and fillings to prevent dental decay and improve the aesthetic appearance of teeth. In orthopedics, medical ceramics play a crucial role in joint reconstruction surgeries through the use of implants. These implants undergo rigorous regulatory procedures, such as MHLW approval in Japan and CE mark approval in Europe, to ensure their safety and efficacy. Medical ceramics are also used in the treatment of fractures, osteoporosis, osteoarthritis, and rheumatoid arthritis through implantable devices and bioceramics. Moreover, medical ceramics find applications in wound healing, plastic surgeries, minimally invasive surgeries, and as fillers, valves, and X-ray tubes. The use of medical ceramics in bone structures is particularly noteworthy, as they offer superior strength and biocompatibility compared to traditional materials. Overall, the medical ceramics market is expected to grow significantly due to the increasing prevalence of age-related disorders and the ongoing development of innovative medical devices.
The global medical ceramics market is a segment of the broader commodity chemicals industry, which is a significant portion of the overall chemicals market. This sector encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Technavio determines the size of the global commodity chemicals market by aggregating the revenues of these manufacturers. Key growth drivers for this market include the expanding construction sector, leading to increased demand for commodity chemicals like paints and pigments, and other construction chemicals. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
