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The total revenue generated by the medical ceramics market was USD 2,543.2 million in 2022, and will grow at a compound annual growth rate of 7.3% during the projected period.
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Medical Ceramics Market Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved
The total revenue generated by the medical ceramics market was USD 2,543.2 million in 2022, and will grow at a compound annual growth rate of 7.3% during the projected period, to touch USD 4,477.7 million by 2030. The increasing occurrence of musculoskeletal conditions, including osteoporosis, rheumatoid arthritis, osteoarthritis, fractures, sarcopenia, and sports injuries, is powering the requirement for hip and knee replacement surgeries all over the world. According to the WHO, musculoskeletal disorders are the foremost causes of disability, with lower back pain impacting the quality of life. In all, about 1.71 billion people are living with musculoskeletal conditions. Furthermore, as per the Centers for Disease Control and Prevention, about 25% adults, or about 58.5 million people, in the U.S. are suffering from arthritis. These continually rising numbers, have a significantly affected the demand for medical ceramics, as they are extensively used in the manufacturing of knee and hip replacements. Bioinert variants is the largest material category with around 55% share, and they will retain their ascendence in the future. Bioinert ceramics have zirconia and aluminum oxide. The development in the requirement for these materials can be chiefly credited to their outstanding chemical stability, often used for restoring relapsing tissues or organs in the ' bodies of the patients, together with their sturdiness, biocompatibility, and resistance to corrosion. Download sample pages of this report: https://www.psmarketresearch.com/market-analysis/medical- ceramic-market/report-sample Similarly, the bioactive category will have the fastest growth. This is because of the increasing requirement for dental procedures and orthopedic surgeries. Consequently, there is a growing necessity for injectable fillers, for example bone void fillers, made of calcium and hydroxyapatite, form a bioactive ceramic material. The dental application had the major share, about 40%, because of the growing incidence of periodontic disorders. As per the estimates of American Academy of Implant Dentistry, the people with dental implants in the U.S. were 3 million, increasing at a shocking rate of 500,000 yearly. Hospitals dominated the medical ceramics market. As they are the preliminary contact point for most people, the requirement for in-hospital surgical 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved
treatments is rising, because of the enormous rise in the incidence of musculoskeletal conditions. Hospitals have advanced facilities, accompanied by highly skilled professionals, allowing them to offer complete care. Moreover, hospitals will have the fastest growth, with a rate of about 8%, in the future. This is because of the upgradation of the healthcare infra by government and private players. North America dominated the industry with over 40%, as per a report by P&S Intelligence. It will maintain its lead in the future as well, primarily because of the increasing number of dental implant procedures and the increasing count of orthopedic surgical procedures. Browse full report at: https://www.psmarketresearch.com/market- analysis/medical-ceramic-market It has a lot to do with the increasing elderly population, that the demand for medical ceramics will continue to rise in the future. Market Size Breakdown by Segment Based on End User Hospitals Cancer Treatment Centers Ambulatory Surgical Centers Research Institutes Others Based on Application Dental • • • • • • oDental implants oDental crowns & bridges oBraces oInlays and onlays oDental bone grafts & substitutes Orthopedic • oJoint replacement Knee Hip Shoulder Others ▪ ▪ ▪ ▪ 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved
oFracture fixation oSynthetic bone grafting Cardiovascular Surgical Instruments Diagnostic Instruments Plastic Surgery Others Based on Material Bioinert • • • • • • oZirconia oAluminum oxide oOthers Bioactive • oHydroxyapatite oGlass ceramics Bioresorbable Others Based on Region North America Medical Ceramics Market • • • oBy end user oBy application oBy material oBy country – U.S. and Canada Europe Medical Ceramics Market • oBy end user oBy application oBy material oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) Medical Ceramics Market • oBy end user oBy application oBy material oBy country – Japan, China, India, South Korea, Australia, and Rest of APAC Latin America (LATAM) Medical Ceramics Market • oBy end user oBy application 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved
oBy material oBy country – Brazil, Mexico, and Rest of LATAM Middle East and Africa (MEA) Medical Ceramics Market • oBy end user oBy application oBy material oBy country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved
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