A variety of bioceramics, materials especially developed for medical and dental applications, are finding a wide ranging set of applications across a number of medical fields. The biocompatibility of these medical ceramics makes them highly usable in prosthetics, surgical implants, and a number of invasive medical devices and tools. A number of medical ceramics have been approved for use across these and a variety of other applications by several national and international regulatory bodies such as the U.S. FDA. The field is ripe with research and development activities and many more medical ceramics with higher levels of mechanical strength, efficiency and flexibility are expected to enter the global market in the near future.
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This report on the global market for medical ceramics presents an in-depth account of various aspects shaping the present state of the market and forecasts the future growth prospects of the market and its key segments. The report includes a detailed analysis of factors such as growth drivers, restraints, trends, regulatory scenario, and competition in the market.
The report estimates the overall valuation of the market during the forecast period in terms of revenue (US$ mn/bn) and sales volumes (mn/bn units).The report also presents a detailed overview of the competitive landscape of the market and an analysis of the key forces shaping it, such as threat of new entrants, threat of substitutes, bargaining power of suppliers and buyers, and degree of competition.
Global Medical Ceramics Market: Drivers and Restraints
The vast rise in customer confidence regarding artificial implant surgeries, rising base of affluent consumers undergoing such surgeries, and an encouraging improvement in healthcare infrastructures of emerging countries are collectively contributing to the increased global demand for medical ceramics. The market is also driven due to the rapid influx of novel product varieties in the market with higher mechanical strengths and flexibility.
However, although medical ceramics are known to be nontoxic, there are cases where very small traces of radioelements are found even in the ceramics that are fully refined. As even trace quantities of radioelements can have devastating effects on tissues and organs, this becomes a highly debatable concern and could lead to negative sentiments among consumers. This factor is expected to hamper the overall growth prospects of the market to a certain extent over the report’s forecast period. Nevertheless, latest product varieties in the market, such as electronic implantable ceramic sensors, are expected to lead to the generation of new opportunities for the market in the near future.