One of the key drivers propelling this market's growth is the increase in medical treatments requiring implants, such as orthopaedic implants, dental implants, and others. For instance, the knee is the most often injured joint among adolescent athletes, with an expected 754,000 knee arthroplasty (replacement) surgeries performed globally in 2021, according to data from the National Center for Biotechnology Information published in December 2021. In addition, 450,000 hip replacement surgeries were performed worldwide in 2019 according to the European Commission, who will report their findings in July 2021.Technical ceramics are becoming more popular in endo-prosthetics due to their superior frictional qualities on the order of 0.5 to 1.0.The number of trauma cases from slips, trips, and falls necessitates medical treatment (orthopaedics), which increases the need for medical ceramics items including dental screws and bridges, valves, and femoral head implants for hip replacement.
Global Medical Ceramics Market is estimated to be valued at US$ 4,795.13 million in 2022 and is expected to exhibit a CAGR of 6.1% during the forecast period (2022-2030).
Prominent Players in the Medical Ceramics Industry:
1. CoorsTek Medical
Founded in 1910, CoorsTek is a leading global manufacturer of technical ceramics. By leveraging expertise in engineering and materials science, CoorsTek provides solutions to complex technical challenges in the semiconductor, medical, automotive, aerospace, and other industries. Avon Protection in December, 2022 announced it has reached an agreement to sell the assets of its Lexington, KY facility to CoorsTek, Inc, a global manufacturer of advanced ceramics materials, for a modest cash consideration.
2. Tosoh Corporation
Founded in 1935 Tosoh Corporation manufactures and sells basic chemicals, petrochemicals, specialty products, and fine chemicals worldwide. The company is headquartered in Tokyo, Japan
3. Noritake Co., Ltd.
Noritake Co., Limited with its subsidiaries, provides industrial, ceramic and material, engineering, and tabletop products in Japan and internationally. Noritake Co., Limited was incorporated in 1904 and is headquartered in Nagoya, Japan.
4. Morgan Advanced Materials plc
Morgan Advanced Materials plc operates as a materials science and application engineering company. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.
5. Pl Ceramic GmbH
Founded in 1992, PI Ceramic develops and produces high-tech solutions based on piezo ceramics with headquarters in Karlsruhe, Germany. PI (Physik Instrumente), Karlsruhe, Germany, has acquired 100% of the Japanese company P·G·W Precision Granite W Co. Ltd. The acquisition was completed on February 25th, 2021.
6. Kyocera Corporation
Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies. Kyocera Corporation was incorporated in 1946 and is headquartered in Kyoto, Japan. Kyocera Corporation announced in October, 2022 that it has developed an Automotive Night Vision System that can accurately identify collision-risk objects in low-visibility driving conditions, such as at night, or in rain, snow, fog, or smoke.
7. 3M
3M is an America-based company that was established in the year 1929. It is a major player in the Wound Care industry. The company operates through five segments globally. In order to retain its share in the market, the company focuses on launching new and advanced products. Moreover, 3M Health Care's Medical Solutions Division announced, in October 2022, that it’s 3M V.A.C. Therapy negative pressure wound therapy (NPWT) surpassed a clinical evidence milestone of 2,000 published, peer-reviewed medical journal studies. V.A.C. This is the first and only NPWT solution to garner this number of published studies about its therapy.
*Definition- Ceramic materials are the combination of thermal and physical qualities which are used for various medical applications for the repair and reconstruction of human body parts.
