Report ID: SQMIG35B2188
Report ID:
SQMIG35B2188 |
Region:
Global |
Published Date: October, 2024
Pages:
219
|
Tables:
66 |
Figures:
74
Global Medical Ceramics Market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.67 billion in 2023 to USD 4.48 billion by 2031, growing at a CAGR of 6.70% during the forecast period (2024-2031).
Rapidly increasing demand for dental and orthopedic implants around the world is projected to primarily drive up the demand for medical ceramics going forward. Surging demand for bioavailable materials in the healthcare industry and growing awareness regarding the properties of medical ceramics such as excellent strength, wear resistance, and chemical stability are slated to bolster medical ceramics market growth in the long run. Advancements in 3D printing technologies and growing use of the same for manufacturing complex medical ceramic structure and products are slated to help create new opportunities for medical ceramics companies in the future. Surging incidence of chronic diseases is also expected to benefit the sales of medical ceramics as the demand for better and advanced medical devices increases in the future. Surging use of medical ceramics to manufacture surgical tools and medical devices will also boost the revenue for all medical ceramics suppliers in the long run. On the contrary, risk of fracture and brittle nature of ceramics, limited availability of raw materials, and high competition from alternative materials are estimated to be key constraints for market development across the study period and beyond.
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Report ID: SQMIG35B2188