Posted in | Ceramic Materials

Global Medical Ceramics Market is Expected to Reach $13.1 Billion by 2017

A new report, titled “Medical Ceramics – A Global Market Overview” has been released by Companiesandmarkets.com. It discusses the market trends such as innovations, new technologies and applications as well as mergers and acquisitions.

The research report includes strategic, geographic and regional analysis. The strategic analysis of the global medical ceramics market comprises historic and forecast data from 2007 to 2017. The report is divided by geography regions such as the US, Japan, Asia Pacific, Europe and rest of the world. The 198 page report also includes profiles of 100 companies in the medical ceramics market.

The analysis shows that the worldwide medical ceramics market has achieved a value of around $10.4 billion in 2011. It is anticipated that the market will reach $13.1 billion at 3.5% growth rate every year through 2017.

Major medical ceramic materials are zirconia alumina, zirconia and aluminum oxide. These materials possess resistant and biocompatible features, which are ideal for developing medical devices to be implanted into the human body. Numerous research and development initiatives in this market have led to the introduction of electronic medical devices. Applications of medical ceramic include artificial joints, stimulators, implant sensors and drug delivery devices.

Source: http://www.companiesandmarkets.com/

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