The global medical ceramics market size is expected to reach USD 4.42 billion by 2032, according to a new study by Polaris Market Research. The report “Medical Ceramics Market Share, Size, Trends, Industry Analysis Report, By Type (Bioinert, Bioactive, Bioresorbable, and Others); By End-Use; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
A bright outlook for the market is also being created by major investments in research and development (R&D) operations to introduce breakthrough technologies, significant advancements in the healthcare infrastructure, and the growth of high-quality healthcare services in numerous nations. For instance, in July 2021, Government financing of EUR 18.3 million has been secured for the Midlands Industrial Ceramics Group (MICG). The money will also allow MICG's partners to spend more money, which will provide possibilities for the next phase of the project, an Advanced Ceramics Campus in North Staffordshire.
Furthermore, global medical ceramics industry is anticipated to be driven by the creation of novel product variations with increased mechanical strength and flexibility. For instance, in June 2022, CeramTec GmbH, a German firm that manufactures and produces innovative ceramic components, created its novel ceramics total knee replacement system which was approved by the US FDA.
Also, in December 2022, Freudenberg Medical unveiled its newest product, HelixFlex. The product is an elevated thermoplastic elastomer TPE tubing intended for use in fluid transfer applications for biopharmaceuticals. Freudenberg expanded their line of silicone tubing and accessories for use in bioprocessing, pharmaceutical, and vaccine production, filling and sampling, peristaltic pumps, lab, and implantable devices application. Thus, ceramic product launches and R&D investments are driving market growth over the forecast period.
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Additionally, the market may be stimulated by the growing use of medical ceramics in dental procedures. In March 2022, Bredent Medical unveiled the most recent WhitesKY Zirconia implant generation. This system is expanded to include the new “whiteSky Tissue Line”, including single restorations & short-span bridges in the anterior teeth & another dental area. Therefore, these factors are bolstering the market growth.
Medical Ceramics Market Report Highlights
Polaris Market Research has segmented the medical ceramics market report based on type, end-use, application, and region:
Medical Ceramics, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Medical Ceramics, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Medical Ceramics, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Medical Ceramics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)