Medical Ceramics Market Outlook by Product Overview, Application and Regions by 2025
Medical ceramics- Latest trends and insights
According to a new report published by Reports Monitor titled, “ Global Medical Ceramics Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global medical ceramics market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Medical ceramics are called as nontoxic. Moreover, there are cases where minute traces of radio elements are found even in the ceramics which are totally refined. Ceramics are the products which are made by firing non-metallic materials at high temperatures. Zirconia , alumina and single crystal piezoelectric are the materials used in producing ceramics.
Therapid influx of novel product varieties in the market with higher flexibility and mechanical strengths are the other factors driving the market. Massive rise in customer confidence related to artificial implant surgeries, rising base of affluent consumers undergoing such surgeries as well as an encouraging improvement in healthcare infrastructures of emerging countries are conjointly contributing to the increased global demand for medical ceramics. Trace quantities of radio elements might have devastating effects on organs and tissues that might lead to negative sentiments among consumers. This factor is expected to hinder the overall growth prospects of the market to a certain extent. Electronic implantable ceramic sensors are the latest product varieties in the market predicted to lead to the generation of new opportunities for the market in the coming days.
Medical ceramic market is segmented on the basis of criteria covering material type, application, and geography. On the basis of material type, the market is segmented into aluminum oxide, zirconia, zirconia alumina ceramics. On the basis of applications, medical ceramics are segmented across areas like surgical and diagnostic instruments, implantable electronic devices, dental, therapeutics and orthopedics. As a result, its usage across applications where the implant will be subjected to sufficient wear, such as femoral balls in hip replacements, has significantly increased in the past years. Moreover, on the basis of geography the market is segmented covering Latin America, Middle East, and Africa, North America, Europe, Asia Pacific.
Factors such as lucrative medical devices industry in China, Japan's growing healthcare industry, rising number of cosmetic and plastic surgeries in India, favorable tax policy in China, growing aging population in India and China, high prevalence of CVD in India as well as rising volume of knee and hip replacement methodologies in Australia are driving the growth of the market in the APAC region.
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