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08 September 2021

Global medical ceramics market to near $30B

Katherine E. Pfaff

The global market for medical ceramics is expected to grow despite earlier setbacks due to COVID-19. Medical ceramics are forecast to continue to reach $29.1 billion in value by 2027, according to market research firm, ReportLinker.com. Within a period from 2020 to 2027, the global medical ceramics market is projected to grow at 8.63% CAGR. The report includes items or materials used to create medical devices, implants, packaging, and related tools.

Global ceramics are expected to maintain growth based on the increasing rate of surgeries and procedures requiring implants, including dental and orthopedics. According to the report, the number of patients receiving dental implants is expected to rise by 500,000 per year on top of an estimated 3 million patients who have already received dental implants.

Within the market, the main segments within the report are bioactive, bioresorable, bioinert, and piezo, with bioinert taking the largest share based on its durability, tensile strength, and extended time of use. By geography, North America is expected to have a lasting demand for medical ceramics based on rates of implant use.

Source: https://www.globenewswire.com/news-release/2021/08/26/2287232/0/en/Medical-Ceramics-Market-Global-Forecast-Impact-of-COVID-19-Industry-Trends-by-Type-of-Material-Growth-Opportunity-Company-Analysis.html

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