Medical Ceramics Market is Expanding Rapidly with Zimmer Biomet Holdings, Inc. Completed the Acquisition of A&E Medical Corporation for US$ 150 Million

 

Medical ceramics are ceramics that have the properties to be used as the direct medium of medical procedures. They are made from a number of different materials including porcelain, enamel, ceramic, polymers, and other materials. The ceramic material is used to serve the purpose of impregnating the substances on the affected part so that they get affected by the required heat and are changed into a non-toxic and safe substance.

Increasing demand for implantable devices is expected to drive the growth of the global medical ceramics market. The demand for implantable devices offer additional advantages including the ability to selectively activate grouping of fibers within the nerve. Major companies operating in the market are focused on research and development activities, in order to gain a significant edge in the competition. For instance, in December 2020, W. L. Gore and Associates, Inc. received the U.S. Food and Drug Administration (FDA) approval for its Gore Excluder Comfortable (EXCC) AAA Endoprosthesis to treat patients with aneurysm of the infrarenal abdominal aorta. Furthermore, in December 2020, Boston Scientific Corporation received the U.S. FDA approval for Vercise PC and Vercise Gevia Deep Brain Stimulation (DBS) Systems, an implantable device to reduce signs and symptoms of advanced levodopa-responsive Parkinson’s disease. Hence, such factors are expected to drive growth of the global medical ceramics market. Furthermore, increasing demand for medical ceramics in plastic surgeries is expected to propel the global medical ceramics market growth in the near future.

Stringent clinical and regulatory processes and product recalls are expected to restrain growth of the global medical ceramics market. Lack of skilled professionals and concerns regarding reparability are expected to hinder the market growth in the near future. However, rapid growth of the healthcare sector can present lucrative growth opportunities for market players. Among regions, North America is expected to witness significant growth in the global medical ceramics market. This is owing to high usages of implantable medical devices and diagnostic imaging equipment in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to rising demand for medical devices in emerging economies such as India and China.

Major companies involved in the global medical ceramics market are CoorsTek Inc., DePuy Synthes, Zimmer Holdings, Inc., Morgan Advanced Materials, Straumann, Nobel Biocare Services AG, Stryker, 3M ESPE, Kyocera Corporation, Advanced Cerametrics Inc., H.C. Starck GmbH, Advanced Ceramics Research, Inc., and APC International Ltd.

For instance, in December 2020, Zimmer Holdings, Inc., a provider of musculoskeletal healthcare solutions, acquired A&E Medical Corporation, a subsidiary of Vance Street Capital Portfolio Company, for US$ 150 million in cash.