Medical Ceramics Market Expected To Reach $12.9 billion by 2025

Medical Ceramics Market Expected To Reach $12.9 billion by 2025

According to market research report, "Medical Ceramics Market By Material (Zirconia, Alumina, Hydroxyapatite, Glass, Bioresorbable, Bioinert, Bioactive, Piezoceramics), Application (Dental, Orthopedic, Cardiovascular, Diagnostic, Surgical Implants, Dermal Fillers) & Region - Global Forecast to 2025", 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. The growth of the global medical ceramics market can be attributed to factors such as increasing research activities for the development of novel medical ceramics. 

 

The growing healthcare industry in emerging economies and increasing research activities in medical ceramics for nanotechnology and electronic device applications are likely to offer lucrative growth opportunities for players in the medical ceramics market. However, factors such as stringent clinical & regulatory processes and unfavorable healthcare reforms in the US are expected to restrain this markets growth. 

 

Moreover, issues related to reparability & recycling processes and the shortage of skilled surgeons & dental professionals are major challenges adversely impacting this markets growth. The growth of the market is also expected to slow temporarily during the forecast period due to the COVID-19 pandemic. 

 

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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).  

 

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). 

 

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.