Medical Ceramics Market

Market Leader - Medical Ceramics Market

The medical ceramics market is projected to reach USD 12.9 billion by 2025 from an estimated USD 9.6 billion in 2020, at a CAGR of 5.9%. The growth of the global medical ceramics market can be attributed to factors such as increasing research activities for the development of novel medical ceramics, growing demand for medical ceramics in plastic surgeries & wound healing applications; the rising number of hip & knee replacement procedures; and the increasing demand for implantable devices drive the growth of the medical ceramics market. The growing healthcare industry in emerging economies and increasing research activities in medical ceramics for nanotechnology and electronic device applications are likely to offer lucrative growth opportunities for players in the medical ceramics market. However, factors such as stringent clinical & regulatory processes and unfavorable healthcare reforms in the US are expected to restrain this markets growth. Moreover, issues related to reparability & recycling processes and the shortage of skilled surgeons & dental professionals are major challenges adversely impacting this markets growth. The growth of the market is also expected to slow temporarily during the forecast period due to the COVID-19 pandemic.

In 2019, the medical ceramics market was dominated by CoorsTek, Inc. (US), CeramTec GmbH (Germany), KYOCERA Corporation (Japan), Morgan Advanced Materials (UK), Tosoh (Japan), Johnson & Johnson (US), Institut Straumann (Switzerland), 3M (US), and Royal DSM (DSM) (Netherlands). The players adopted key strategies, such as, new product launches, partnerships, acquisitions, agreements, and alliances to increase their market penetration.

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Straumann is a leading player in the medical ceramics market. It is a global provider of dental products used in implants, restorative dentistry, and oral tissue generation therapy. The company has a strong brand value and an established geographic presence. Straumann is expected to grow further in the coming years due to its increasing focus on China, India, Argentina, Chile, and Colombia. North America is a key revenue generator for the company. The company significantly invests in R&D to drive innovation and sales & marketing activities to capture growth potential in underpenetrated markets. To increase its customer base and maintain its position in the medical ceramics market, the company focuses on various growth strategies, such as acquisitions, agreements, and product launches. The company’s other areas of focus are improving its global presence by increasing its subsidiaries and partnering and collaborating with various dental industry participants. In the past two years, the company has opened new subsidiaries in Iran, Columbia, Argentina, and Chile.
Johnson & Johnson offers a range of medical devices, procedural solutions, programs, and services for orthopedic & neuroscience applications. The firm is engaged in the production of ceramic-related hip reconstruction products. The firm has its presence in the US, Canada, Latin America, Europe, the Middle East, Asia, and Africa. DePuy Synthes acquired Tissue Regeneration Systems, Inc. (US) to enhance its customer base and improve its product portfolio.

CeramTec has expanded its product portfolio, entered new markets, and built a better network for increasing its customer base. The company’s innovative capabilities are evident from the advanced products it has launched in recent years. These include the Zirconium Oxide Bright Dental Ceramic, which has a very high resistance to crack propagation. This product also has high thermal expansion and is often the material of conjunction for ceramic and steel. CeramTec has expanded into various regions to cater to consumers growing demand and venture into new markets. The company has a strong presence in the European region and is keenly increasing its presence in the Asia Pacific. The company recently invested significantly into emerging economies to expand its reach in the Asia Pacific and South American regions. CeramTec has adopted expansions and acquisitions as its key strategies. The company incessantly focuses on financial consolidation, higher returns on capital, and higher profitability.

KYOCERA Corporation is among the leading manufacturers of advanced ceramics and has maintained its position among the key competitors worldwide. Kyocera is a growth-oriented company and focuses on safety, environmental performance, compliance, and ethics. Kyocera recognizes innovation as a vital company asset and remains committed to creating intellectual property, which protects and further develops its business. Kyocera is also focused on launching its products into new markets that would expand its geographical imprint and increase its consumer base. The company also invests in R&D to develop new and advanced ceramics.

3M has been operating in the market for about 100 years and is engaged in developing and manufacturing a wide range of products in infection prevention, critical & chronic care, healthcare information systems, dental, orthodontic (oral care), drug delivery systems, food safety, and medical device components categories. The firm operates across North and South America, Europe, the Middle East and Africa, and the Asia Pacific. Innovation is an integral part of the company. The firm is committed to improving oral care through continuous investments in R&D. Recently, the firm won a patent infringement lawsuit against Dental Direkt and licensed the same patent to Dental Direkt (Germany). This development is likely to generate revenues for the company.

Related Reports:

Medical Ceramics Market By Material (Zirconia, Alumina, Hydroxyapatite, Glass, Bioresorbable, Bioinert, Bioactive, Piezoceramics), Application (Dental, Orthopedic, Cardiovascular, Diagnostic, Surgical Implants, Dermal Fillers) & Region - Global Forecast to 2025

Mr. Aashish Mehra
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Report Code
MD 5934
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