A report from Transparency Market Research, titled ‘Medical Ceramics Market - Global Industry Size, Share, Trends, Analysis And Forecasts 2012-2018,’ states that the global medical ceramics market is expected to expand at a 3.50% CAGR during the period between 2012 and 2018 owing to the increasing demand for ceramics in artificial implants and technological advancements in the same.
Bioceramics or medical ceramics are used in the medical field due to their features such as biocompatibility. Medical ceramics are primarily used in prosthetics, surgical implants, and various medical devices and tools. Due to their biocompatibility and other beneficial features, medical ceramics are approved by numerous regulatory authorities including the United States Food and Drug Administration (FDA). The high mechanical strength and nontoxicity of medical ceramics with no/minimal tissue reaction is predicted to propel the global medical ceramics market in the years to come.
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Even though medical ceramics are nontoxic, small traces of radioelements are usually found in fully refined ceramics, which can have a negative effect on tissues and organs. This is expected to restrict the growth of the global medical ceramics market in the coming few years. Electronic implantable ceramic sensors are the latest products among medical ceramics and are predicted to create new growth opportunities in the global medical ceramics market. The increasing use of ceramic materials across various medical applications is predicted to expand the global market for medical ceramics.
Zirconia, zirconia alumina, aluminum oxide ceramics, and others are some of the major types of ceramic materialsthat are used in various medical applications. Zirconia is stronger than alumina and displays high strength and thus is used in equipment that undergoes significant wear and tear.
The global medical ceramics market is segmented on the basis of material type, application, and geography. By application, the global medical ceramics market is classified into dental, implantable electronic devices, orthopedic, diagnostic instruments, surgical instruments, and other therapeutic applications. Currently, the global medical ceramics market is dominated by the dental segment owing to the increasing use of ceramics in dental applications. The dental ceramics segment is predicted to maintain its dominant position in the global medical ceramics market in the years to come.
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Going forward, the use of ceramics in orthopedic applications is expected to be extensive and is thus expected to propel the orthopedic medical ceramics segment. Orthodontic ceramic braces are effective but are invisible, thus making them an attractive cosmetic alternative for the wearer. Ceramic implants are extensively used to reconstruct fractured joints in the hip, knee, and shoulder. The increasing use of medical ceramics as implants is predicted to create new growth opportunities in the global medical ceramics market.
Based on geography, the global medical ceramics market is divided into North America, Europe, Asia Pacific, and Rest of the World. Mergers and acquisitions by the leading players are predicted to create new growth opportunities in the global medical ceramics market in the years to come. Some of the leading companies operating in the global medical ceramics market are Advanced Cerametrics Inc., Advanced Ceramics Research, Inc., Advanced Industrial Ceramics, AVX Corporation, 3M ESPE, Advanced Monolythic Ceramics, Inc., and APC International Ltd.