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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Medical Ceramics Market Is Projected To Reach USD 18.45 Billion By 2022

The global medical ceramics market is projected to reach USD 18.45 billion by 2022 from USD 13.38 billion in 2017, at a CAGR of 6.6%. The medical ceramics market is emerging and fragmented in nature with various regional and international players. In 2016, the medical ceramics market was dominated by a few large players and several small players.

The key factors driving the growth of this market are 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.

On the basis of type of material, the medical ceramics market is segmented into bioinert ceramics, bioactive ceramics, bioresorbable ceramics, and piezoceramics. The bioinert ceramics segment is further divided into zirconia, alumina, and others (titanium, pyrolytic carbon, and silicon nitride). The bioinert ceramics segment is expected to register the highest CAGR during the forecast period.

Bioinert ceramics exhibit high fracture toughness, low thermal conductivity, excellent resistance to wear and corrosion, and extremely high bending and tensile strength. Owing to their greater hardness as compared to other metal alloys, bioinert ceramics are widely used in the orthopedic and dental industry.


Asia Pacific is expected to register the highest CAGR during the forecast period, owing to Japan’s growing healthcare industry, the lucrative medical devices industry in China, favorable tax policy in China, growing aging population in China and India, rising number of cosmetic and plastic surgeries in India, high incidence of CVD in India, and rising volume of hip and knee replacement procedures in Australia.

Growing healthcare industry in emerging economies, increasing research activities in medical ceramics for nanotechnology and electronic device applications, and increasing number of free-trade agreements are expected to offer growth opportunities for players operating in the market.

3M has been operating in the market for about 100 years and 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.

Product launches, enhancements, and approvals; partnerships, collaborations, and alliances; mergers & acquisitions; and expansions were the key strategies adopted by players from 2014–2017. The players that adopted these strategies are 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).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. 

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