(PharmaNewsWire.Com, December 11, 2019 ) Factors such as increasing research activities for the development of novel medical ceramics, growing demand for medical ceramics in plastic surgeries and wound healing applications, rising number of hip and knee replacement procedures, and increasing demand for implantable devices are driving the growth of the medical ceramics market.
Market Size
The global Medical Ceramics market size is projected to reach USD 18.45 Billion by 2022 from an estimated USD 13.38 Billion in 2017, at a CAGR of 6.6%.
CoorsTek (US), CeramTec (Germany), Kyocera (Japan), Morgan Advance Material (UK), NGK Spark Plug (Japan), DePuy Synthes (US), Zimmer Biomet (US), Rauschert (Germany), Straumann (Switzerland), H.C. Stark (Germany), 3M (US), and DSM (Netherlands).are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions.
“Kyocera is among the leading manufacturers of advanced ceramics”
Kyocera is a growth-oriented company and keeps its focus on safety, environmental performance, compliance, and ethics. Kyocera recognizes innovation as a vital company asset and remains committed to creating intellectual property, which protects and further develops its business. Kyocera is also focused on launching its products into new markets that would expand its geographical imprint and increase its consumer base. The company also invests in R&D to develop new and advanced ceramics.
“3M has been operating in the market for about 100 years”
3M is engaged in developing and manufacturing a wide range of products in the infection prevention, critical and chronic care, healthcare information systems, dental, orthodontic (oral care), drug delivery systems, food safety, and medical device components categories.
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