Sarasota, FL -- (SBWIRE) -- 01/23/2018 -- Zion Market Research has published a new report titled "Medical Ceramics Market by Material (Bio-Inert, Bio-Active, & Bio-Resorbable Ceramics), by Application (Dental & Orthopedic Implants, Surgical, & Diagnostic Instrument, Implantable Electronic Devices) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022." According to the report, the global medical ceramics market accounted for USD 14.92 billion in 2016 and is expected to reach USD 20.11 billion by 2022, growing at a CAGR of around 6.4% between 2017 and 2022.

Medical ceramics are specially developed materials for clinical and dental implants. These are mostly used to replace hard tissues in the body such as teeth and bone. Common medical ceramics are zirconia, alumina, and hydroxyapatite (calcium phosphate) which are also known as bioceramics. Ceramics are inorganic refractory polycrystalline compounds which are highly inert, hard & brittle, possess high compressive strength, enhanced electric and thermal insulators with good aesthetic form. The diverse properties of medical ceramics help in a variety of applications in surgical implants, dental and bone implants, joint replacements, bone graft substitutes, dental implants, orthopedic load-bearing coatings.

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According to Zion Market Research, the Global Medical Ceramics Market valued for $14.94 billion in 2016 and is expected to reach $20.11 billion by 2022 growing at a CAGR of 6.4% during forecast tenure. Increasing demand for medical services and clinical intervention and growing consumer incomes are some of the key influencers for market growth. Increasing R&D activities by leading players such as Kyocera is expected to drive the medical ceramics market through foresee period. Moreover, rising demand in North America and Europe has led to a high penetration of medical ceramics market in these regions and transitioning demographics are likely to boost market growth. Rising osteoarthritis population may positively impact on medical ceramics utilization globally. However, volatility in alumina prices may restrain the growth of the global medical ceramics market. Increasing implant surgeries and hip & knee joint replacements is expected to provide lucrative opportunities for the global medical ceramics in the coming years.

Based on product type, the medical ceramics market is segmented into bioactive, bioinert, and bioresorbable. Zirconia and alumina-based ceramics are classified as bioinert. Based on applications segment the medical ceramic market can be segregated into orthopedic implants, diagnostic instruments, dental implants, surgical instruments, implantable electronic devices. The orthopedic sector will witness bolstering growth as a result of increasing surgical intervention trend by doctors for knee specialist, shoulder and hip implants at an early stage. In addition, growing consumption of alumina, zirconium, and hydroxyapatite on account of better stability, reduction in wear and tear, and reduced chances of any dislocation post operation will fuel its demand in the orthopedic sector. The bioceramic market is globally diversified into regions such as North America, Asia-Pacific, Europe, Latin America and Middle East & Africa.

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North America's medical ceramics market is anticipated to grow exponentially owing to research in medical ceramics. Some of the major factors driving the bioceramics market in North America are increasing in cancer patient's rate, rising incidence of orthopedic diseases in the U.S and escalating funding and R&D activities in Canada. Europe was the largest market and is expected to witness gains at a CAGR of 5.7% from 2017 to 2022. Positive outlook towards the orthopedic sector, mainly in Germany, is expected to drive market growth.

Asia-Pacific is projected to be the fastest-growing market for bioceramics, in terms of value within the forecast period. Accelerating demand from end-user such as dental implants, orthopedic implants, surgical & diagnostic instruments, implantable electronic devices, and others are expected to fuel the growth of the bioceramics market in this region. Moreover, tremendous development in healthcare facilities is expected to drive the bioceramics market in the region.

Pharmaceutical companies in Asia Pacific are also increasing their production capacities. This factor coupled with increasing investments in R&D is expected to present new opportunities in the region. Latin America and the Middle East is anticipated to witness initial phase of development in the medical ceramic market owing to new development policy.

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Some of the major players in the market include Stryker Corporation, Carpenter Technology Corp, Morgan Advanced Materials, Zimmer Biomet Holdings, Amedica Corp, CoorsTek Medical LLC, Inc., Invibio Ltd., Wright Medical Technology, Inc., Corbion N.V., Berkeley Advanced Biomaterials, Inc, Kyocera Corp., Bayer AG, Ceramics GmbH, Royal DSM, DENTSPLY International, Inc., Collagen Matrix, Inc., Smith & Nephew plc, Evonik Industries AG, Tosoh Corp and Nobel Biocare.

The medical ceramics market is segmented as follows:

Medical Ceramics Market: Type Analysis

Bio-inert
Aluminium Oxide
Zirconia
Carbon
Bioactive
Hydroxyapatite (HAP)
Glass & Bioglass
Zirconia Alumina
Bioresorbable Ceramics

Medical Ceramics Market: Application Analysis

Devices
Surgical Instruments
Diagnostic Equipment
Others
Implant
Orthopedic Implants
Electronic Implants
Dental Implants

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