DUBLIN, Jan. 27, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/pm8bzq/medical_ceramics) has announced the addition of the "Medical Ceramics Market by Material, by Application and by Region - Global Forecast to 2020" report to their offering.
The global market size of medical ceramics, in terms of value, is projected to reach USD 16.3 Billion by 2020, at a CAGR of 6.4% between 2015 and 2020.
The high potential from the dental & orthopedic implants and increasing global demand for implantable electronic devices along with continuous expansion and merger & acquisition activities undertaken by different companies are the key factors for the growth of the global medical ceramics market.
Bio-inert ceramics are projected to be the largest and fastest-growing type of medical ceramics between 2015 and 2020. Compared to metal and polymer materials, these ceramics are inorganic, non-metallic solids, strong in compression, and brittle. The most widely used bio-inert ceramics in the medical sector are zirconia (ZrO2) and alumina (Al2O3) as these are chemically stable. Bio-inert ceramics are used in bone tissue applications because they are biocompatible, non-toxic, non-inflammatory, non-allergic, non-carcinogenic, and bio-functional. These ceramics are the largest type of medical ceramic materials as the demand in end-use applications, such as dental and orthopedic implants, is growing rapidly.
The dental orthopedic implants application is the fastest-growing segment in the global medical ceramics market. The dental implants application is expected to grow further with the increasing awareness about dental care & oral hygiene. The growth of the dental implants market is attributed to the rising urban population and increasing consumer incomes across the globe. Moreover, the shift in medical tourism from the U.S. and the U.K. to Malaysia, China, and India is driving the overall medical ceramics market for the dental implants application.
Asia-Pacific is projected to be the fastest-growing market for medical ceramics, in terms of value, between 2015 and 2020. Accelerating demand from end-use applications such as dental implants, orthopedic implants, surgical & diagnostic instruments, implantable electronic devices, and others in Asia-Pacific is driving the growth of the medical ceramics market. Tremendous development in healthcare facilities is expected to drive the medical ceramics market in the region.
Though the medical ceramics market is gaining importance at a fast pace, few factors act as a bottleneck toward the growth of the market. The stringent clinical and regulatory process for the use of medical ceramics is the major restraint toward the growth of this market. The development of medical ceramic products involves time-consuming processes and expensive clinical trials. As these products have to be implanted inside the human body, they need to be biocompatible and have to undergo the ISO biocompatibility testing standards.
The companies such as CoorsTek Inc. (U.S.), CeramTec GmbH (Germany), DePuy Synthes (U.S.), NGK Spark Plug Co., Ltd., and Morgan Advanced Materials PLC (U.K.) are the dominant market participants in the global medical ceramics market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Medical Ceramics Market, By Material
8 Medical Ceramics Market, By Application
9 Medical Ceramics Market, By Region
10 Competitive Landscape
11 Company Profiles
- Ceramtec Gmbh
- Coorstek Inc.
- Depuy Synthes
- H.C. Starck Gmbh
- Kyocera Corporation
- Morgan Advanced Materials Plc
- Ngk Spark Plug Co., Ltd.
- Rauschert Gmbh
- Saint-Gobain Ceramic Materials
For more information visit http://www.researchandmarkets.com/research/pm8bzq/medical_ceramics
Media Contact:
Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
Share this article