Increasing research activities for the development of novel medical ceramics, growing demand for medical ceramics in plastic surgeries & wound healing applications; the rising number of hip & knee replacement procedures; and the increasing demand for implantable devices are responsible for the significant growth of the market during the review period.
The CEO of Straumann Group announced that the COVID-19 outbreak was expected to reduce sales in the Asia Pacific in FY 2020 by at least USD 31 million. Additionally, DENTSPLY Sirona recently predicted that its sales in the Chinese, South Korean, Taiwanese, and Japanese markets would fall by a cumulative USD 60–70 million in FY 2020.
Medical implants are artificial devices that are used to replace damaged or missing biological parts. Implants help deliver medication, monitor body functions, and provide support to organs and tissues in different applications (such as dental, orthopedic, and cardiovascular).
For More Information Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237425129
The medical implants market is driven by the growing healthcare needs of the senior population, advancements in medical technologies, and the rising incidence of chronic diseases, such as osteoarthritis, cardiovascular diseases, neuropathic diseases, and congenital disorders, among others.
The significant growth in the geriatric population is expected to result in an increased demand for joint reconstruction, cardiovascular surgeries, and dental replacement procedures and an increase in the prevalence of hearing loss. These factors are, in turn, expected to support the growth of the hearing, orthopedic, and dental implants market.
Medical ceramics are key components in the manufacturing of various implantable devices, such as orthopedic implants (artificial hips, knee, shoulder, wrists, fracture fixation, and bone grafts), cardiovascular implants (heart valves, pacemakers, catheters, grafts, and stents), dental implants (enamels, fillings, prosthetics, and orthodontics), and hearing implants (cochlear implants).
The rising geriatric population in these countries will lead to increased demand for medical facilities and devices, which is likely to propel the growth of the medical ceramics market. Moreover, growth in these markets can primarily be attributed to the low prices of dental treatments in these countries compared to developed economies and their infrastructural development.
Additionally, medical device manufacturers are also setting up their facilities in the Asia Pacific, the Middle East, and Latin America. In recent years, key players such as Baxter International, Becton Dickinson, BIOTRONIK, Hoya Surgical Optics, Life Technologies, Medtronic, Siemens Medical Instruments, and AB SCIEX have set up their manufacturing and R&D facilities in Singapore.
Medical ceramics have a long lifespan but are not recyclable. Due to the long lifespan and various mechanical and optical properties of medical ceramics, the different composites used in various end-use applications face recyclability and reparability. This is one of the major challenges hampering the growth of the medical ceramics market.
The growing healthcare industry in emerging economies, increasing research activities in medical ceramics for nanotechnology and electronic devices applications, and increasing number of free trade agreements is an opportunity for the market to grow.
The overall Medical Ceramics market was valued at USD 12.87 Billion in 2016 and is projected to reach USD 18.45 Billion by 2022, at a CAGR of 6.6%.+ Market Dynamics + Drivers+ Increasing Research Activities for the Development of Novel Medical Ceramics + Increasing Demand for Implantable Devices + Growing Demand for Medical Ceramics in Plastic Surgeries and Wound Healing Applications + Rising Number of Hip and Knee Replacement ProceduresDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237425129The medical ceramics market is broadly segmented into bioinert ceramics, bioactive ceramics, bioresorbable ceramics, and piezoceramics.
The bioinert ceramics segment is further divided into zirconia, alumina, and others (titanium, pyrolytic carbon, and silicon nitride).
In 2017, the bioinert ceramics segment is expected to account for the largest share and grow at the highest rate during the forecast period.
The market is broadly segmented into dental applications, orthopedic applications, cardiovascular applications, surgical instruments, diagnostic instruments, plastic surgery, and other applications (cancer, dialysis, drug delivery systems, and gene therapy).
The dental applications segment is expected to command the largest share of the market in 2017.
The research study involves the extensive use of both primary and secondary sources.
The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, fundamental market dynamics, and key player strategies.Download a PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237425129Major Market Growth Drivers: Increasing research activities for the development of novel medical ceramics, growing demand for medical ceramics in plastic surgeries & wound healing applications; the rising number of hip & knee replacement procedures; and the increasing demand for implantable devices are responsible for the significant growth of the electrophysiology market during the review period.Revenue Growth Analysis: [ 187 Pages Report] The global medical ceramics market is projected to reach USD 12.9 billion by 2025 from USD 9.6 billion in 2020, growing at a CAGR of 5.9% from 2020 to 2025.
Browse and in-depth TOC on" Medical Ceramics Market" 137 – Tables 35 – Figures 187 – Pages “Bioinert Ceramics: The largest segment of medical ceramics market” Based on the type of material, the global medical ceramics market is segmented into bioinert ceramics, bioactive ceramics, bioresorbable ceramics, and piezoceramics.
Bioinert ceramics exhibit high fracture toughness, low thermal conductivity, excellent resistance to wear & corrosion, and extremely high bending & tensile strength.
Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=237425129“Zirconia: The largest segment of bioinert ceramics market” Based on type, the global bioinert ceramics market is segmented into zirconia, alumina, and other bioinert ceramics (titanium, pyrolytic carbon, and silicon nitride).
This segment is also expected to grow at the highest rate during the forecast period.
