Technavio, a tech-focused market research firm, has published a new report on the global medical ceramics market, which is expected to experience a slow but steady growth rate with a CAGR of around 7% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global medical ceramics market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global medical ceramics market into the following key regions: The Americas, APAC, Europe, and ROW.
Geographical segmentation of the global medical ceramics market for 2015 (market share %)
|
Americas |
45.23% |
|
Europe |
24.92% |
|
APAC |
23.13% |
|
ROW |
6.72% |
Source: Technavio
Medical ceramics market in the Americas
In 2015, the Americas had accounted for around 45% market share in the global medical ceramics market. The prevalent factors such as increased consumer inclination towards aesthetic products and the prevalence of cardiovascular and bone disorders have resulted in the rise in demand for medical ceramics in the Americas. With hypertension being a common disorder among the US inhabitants, cardiac arrest and stroke are regular complications faced by the individuals. This worsening condition of heart health calls for implants such as defibrillators and stents, which are made of ceramics. Apart from this, owing to a sedentary lifestyle such as lack of physical activities and food habits, people of developed countries like the US and Canada are prone to osteoporosis.
According to Barath Palada, a lead analyst at Technavio, specializing in research on glass and ceramics, “It is expected that a rise in dental procedures such as tooth replacement, smile reconstruction, mending cavities, and permanent denture implantation, will increase the demand for medical ceramics in the region. Apart from this, people of in the Americas are getting more health conscious and follow oral hygiene which will also considerably drive growth in the ceramics market in the region.”
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Medical ceramics market in Europe
The global medical ceramics market for Europe accounted for around 25% share in the global market in 2015. It is expected that an increase in the amount of medical surgeries and the growth in medical technologies will drive the growth of medical ceramics market in Europe. Europe has been providing effective health solutions in orthopedics and dentistry, which will further boost the market in the coming years. Apart from this, the rise in awareness about implants and the availability of sophisticated healthcare facilities will also positively aid in the market’s growth in the region. The prime revenue generators of this region are Spain, Hungary, Poland, Turkey, and the Czech Republic owing to their strong dental tourism. It is due to this tourism that people travel all the way from Middle East countries and the Americas to Europe. Factors such as the growing awareness of oral hygiene and rising dental disease will boost the ceramics market in Europe over the next four years.
Medical ceramics market in APAC
The medical ceramics market in the APAC region accounted for around 23% share of the global market in 2015. The key revenue generators of this region are China and India, with China being the leading manufacturer of ceramic products worldwide. The vital factor that has boosted the ceramics market in APAC is the increase in old age population mostly with bone disorders, especially osteoporosis, which is increasing the incidence of trauma, spinal, and orthobiological injuries. This condition is more prevalent in countries with huge population like China and India, which will increase the demand for ceramics in this region. The vendors in the APAC region aims for using better equipment, quality products, strong technical force, and heightened brand awareness to penetrate the market better. Apart from these two countries, Singapore and Thailand are also the key revenue generators, owing to their strong market for orthopedic surgeries performed. While South Korea ranks among the largest markets for dental surgeries and implants, these countries are also leading in terms of medical tourism, owing to the low surgical costs.
Medical ceramics market in ROW
The market of medical ceramics in ROW accounted for around 7% of the global market in 2015. The key revenue generator of this region is Saudi Arabia, owing to the fact that rickets, which is caused by the deficiency of vitamin D, is a prevalent disease in the Middle Eastern countries and Africa. This deficiency will boost the ceramics market in ROW to a great extent.
The top leading vendors operating in the global medical ceramics market are:
- 3M ESPE
- CoorsTek Medical
- Straumann
- Stryker
Other prominent vendors in the medical ceramics market include Amedica, APC International, BCE Special Ceramics, and CeraRoot.
A more detailed analysis is available in the Technavio report tilted, ‘Global Medical Ceramics Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Medical Composite Materials Market 2016-2020
- Global Glass Ceramics Market 2016-2020
- Global Medical Composite Material Market for Orthopedics 2015-2019
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