Medical Ceramic Market Outlook
Market Overview
Ceramic materials have been manufactured for tradition practices for centuries but they are a relatively modern advancement in medical practices and applications. Medical ceramics demand is majorly driven by the extensive applications in prosthetics, surgical implants, and numerous medical tools and devices. Manufacturers are fabricating various ceramic medical equipment and appliances from the oxides alumina and zirconia. Some medical devices, precisely, ceramics-on-ceramics in artificial joint systems, mandatory numerous modifications before they are widely practiced.
Among the modern products of medical ceramics are electronic implantable ceramic sensors, a blend of medical processing and modern technology. Medical ceramic technology continues to be a pioneering medical practice, as proved with the development of electronic devices as implants. As a result, major manufacturers and some other companies are developing neurostimulators—used to pulse nerves and treat medical symptoms—that are dependent on ceramic composition.
Browse Full Report: Medical Ceramics Market
Further, Medical Ceramics Market is projected to be dominated by the United States with a market share of more than 30.0% in 2016. Whereas, Asia Pacific is projected to grow at fastest CAGR over the forecast period owing to lucrative market opportunities in the developing countries such as China & India which have high population density with high demand attracted by medical implants market.
Case Study: Acquisition
CoorsTek, the world’s largest engineered ceramics manufacturer, in June 2016 announced the acquisition of Philips ceramics operation in Uden, Netherlands. Through this acquisition, CoorsTek ha successfully expanded its ongoing strategic partnership with Philips and will work for both Philips and other regional customers from Uden.
Adding Uden outspreads the CoorsTek footprint to a dozen of European manufacturing locations — in the Czech Republic, Finland, Germany, England, Italy, Netherlands, Norway, Scotland, and Sweden. “The acquisition will help support CoorsTek expanding customer base across Europe and around the world.
Market Segmentation
The report studies the medical ceramic market on the basis of criteria such as:
By Type
- Bio-inert (aluminum oxide, zirconia, and carbon)
- Bio-active (glass &bioglass, and zirconia alumina composite)
- Piezo Ceramics
- Bioresorbable Ceramics
By Application
- Dental Implants
- Implantable Electronic Device
- Orthopedic Implants
- Surgical and Diagnostic Instruments
- Other Application
By Region
- North America Medical Ceramic Market {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe Medical Ceramic Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Middle East and Africa Medical Ceramic Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America Medical Ceramic Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- {Market SMedical Ceramic Market Asia Pacific
- hare (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Medical Ceramics Market Outlook 2024” provides a complete analysis of the Medical Ceramics Market, Growth Drivers, Challenges, and their projections for the upcoming years. Further, the report also encompasses the market growth drivers, risk analysis, market challenges, BPS (Base Point Scale) analysis, market attractiveness, SWOT analysis, and Porter’s five force model.
This market report also includes competitive outlook of some of the major players profiling of companies such as Advanced Industrial Ceramics,3M ESPE, Advanced Cerametrics Inc., Advanced Monolythic Ceramics, Inc., Advanced Ceramics Research, Inc., APC International Ltd., AVX Corporation, etc. All the companies studied in the report have been studied from 3 Points: company overview, business strategy /mergers & acquisition, and financial insights. Overall, the report provides a thorough analysis with current and future market trends to pinpoint the investment opportunities along with the market forecast that will help industry existing and new players to align their market-centric strategies according to the ongoing and expected trends in the future.
Key queries answered in this global medical ceramics market report
- Present and future medical ceramics market outlook in the developed and emerging markets
- Investigating various perceptions of the market with the help of Porter’s five forces analysis
- Key market trends across the segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period.
- Regions that are expected to witness fastest growth during the forecast period
- Key developments and strategies employed by the major market players.
- Industry opportunities for the existing and entry level players?
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