Industry Background:
Medical Ceramics are the materials that are used in different applications which have been produced for many custom practices of doctors. The major application such as surgical implants, prosthetics, and various medical tools and devices, are made up of oxides alumina and zirconia. Moreover, the rising trend in this market is that manufacturers are producing products of medical ceramics such as electronic implantable ceramic sensors, a blend of medical processing and modern technology. Thus the growing sector of healthcare and the devices used in that sector are promoting a shift in this industry.
According to AMA Research, the market for Medical Ceramics is expected to register a CAGR of 6.2% during the forecast period to 2030. This growth is primarily driven by Rising Number of Hip and Knee Replacement Procedures in the World
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 3M (United States), DePuy Synthes (Johnson & Johnson) (United States), Kyocera (Japan), Berkeley Advanced Biomaterials (United States), Temex-Ceramics (France), Kuraray (Japan), Dentsply (United States), Stryker (United States), Zimmer Holdings (United States) and BCE Special Ceramics (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2022, Lithoz, based in Vienna, Austria, announced LithaBone HA 480. The human bone-like ceramic material was developed via cooperation with users of earlier bone substitute materials for ceramic Additive Manufacturing.
On 29th May 2019, KYOCERA corporation to Acquire Advanced Ceramic Business of Germany-based Friatec GmbH. The main aim of the acquisition is to give Kyocera its first fine ceramic manufacturing facility in Europe, strategically positioning the company to meet the rising demand for fine ceramic components used in industrial machinery.The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.
Influencing Trend:
Technological Advancement in These Medical Ceramics Devices Such as Injection Molding Technology and Rising Acceptance of Medical Ceramics in Electronic Devices
Market Growth Drivers:
Rising Number of Hip and Knee Replacement Procedures in the World and Increasing Demand for Implantable Devices by the Doctors
Challenges:
Issues Related with the Ductility of the Medical Ceramics
Restraints:
Concern towards the Small Presences of Radioelements that are found in Ceramics and High Cost of the Application that uses Medical Ceramics
Opportunities:
Growing Demand for Medical Ceramics in Plastic Surgeries & Wound Healing Applications and Up Surging Demand from Dental and Orthopedic Sectors will boost the Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Medical Ceramics Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Medical Ceramics Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Medical Ceramics players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Medical Ceramics Study Sheds Light on
The Medical Ceramics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Ceramics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Ceramics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.