Ceramics products are produced at high temperatures by firing non-metallic materials. Silicon nitride (Si3N4), alumina, macor, zirconia toughened alumina, zirconia (TZP), dielectric, silicon carbide (SiC), single crystal piezoelectric and braze alloys are some of the materials used in the manufacture of ceramics. Implantable medical devices, diagnostic imaging instruments, consumable medical devices and other therapeutic medical devices are some of the major medical uses of these ceramics. Global Medical Ceramics Market is expected to surpass US$ 26 Billion mark by the year end of 2025.
Growing research activities for the development of new medical ceramics, increasing demand for medical ceramics in plastic surgery and wound healing applications, increasing number of hip and knee replacement procedures, and increasing demand for implantable devices are the key factors driving this market growth. The increasing healthcare industry in emerging economies, increased research activities in medical ceramics for applications in nanotechnology and electronic devices, and a rising number of free trade agreements are an opportunity for the market to expand.
There are various significant factors that influence the medical ceramic market to outperform; rising private investment in research & development of medical ceramics, adoption of medical ceramics in various healthcare products like manufacturing of medical devices and widely used in surgical implant etc, gradual decreasing cost of medical ceramics material, increasing number of non invasive procedure like implant of dental, orthopedic and cardiovascular etc. The other prime factors also include rising geriatric population lead to rise of incidence in dental, orthopedic and cardiovascular disease that would further demand various products made up of medical ceramics like heart valve, hip replacement, knee replacement etc.
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