Medical ceramics market to surpass $5.8B in value by 2022 — 5 insights

Spinal Tech

The global medical ceramics market surpassed about $3.9B in value in 2015 and could reach $5.84 billion by 2022, according to an Allied Market Research report.

What you should know:

1. Implants will continue driving the market, with the U.S. on top.

2. Allied Market Research expects the global market will grow at a 6.2 percent compound annual growth rate through 2022.

3. Device industry demand for ceramics is also driving market growth. Device-makers are adopting ceramics for their compressive strength, biodegradability and ability to minimize bone ingrowth.
4. The Asia-Pacific market has the most demand for medical ceramics. Allied Market Research expects that market to grow the most through 2022.

5. CoorsTek, Zimmer Holdings, Straumann, Stryker, Kyocera and DePuy Synthes are the major market players.

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