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Diamond-like Carbon (DLC) for Medical Applications Market Size By Type(Pure DLC, Mixed DLC), By Category(Surgical Instruments Implantable), By Application(Orthopedic and Dental Applications, Cardiovascular Applications), By Geographic Scope And Forecast


Published on: 2024-08-12 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Diamond-like Carbon (DLC) for Medical Applications Market Size By Type(Pure DLC, Mixed DLC), By Category(Surgical Instruments Implantable), By Application(Orthopedic and Dental Applications, Cardiovascular Applications), By Geographic Scope And Forecast

Diamond-like Carbon (DLC) for Medical Applications Market Size And Forecast

Diamond-like Carbon (DLC) for Medical Applications Market size was valued at USD 160.16 Million in 2022 and is projected to reach USD 299.28 Million by 2030, at a CAGR of 8.15% from 2023 to 2030.

Rising applications in the medical industry, owing to DLC’. s excellent benefits such as reduced friction, superior brittleness, and bio-inert characteristics, are likely to drive growth in the worldwide diamond like carbon (DLC) market in the coming years. The Global Diamond-like Carbon (DLC) for Medical Applications Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Diamond-like Carbon (DLC) for Medical Applications Market Definition

Diamond-like carbon (DLC) is a Nanocomposite coating with natural diamond properties such as low friction, high hardness, anti-reflectivity, and high corrosion resistance. DLC is an amorphous form of carbon with a diamond bond. Diamond-like carbon coatings can be applied to nearly any alloy, metal, or non-metal, including silicon, glass, ceramics, and plastics. Various formulations of diamond-like carbon coatings are used depending on the application.

Diamond-like carbon (DLC) has emerged as a promising biomedical material. DLC films with a variety of atomic bond structures and compositions are being used in orthopedic, cardiovascular, and dental applications. Cells grew without cytotoxicity or inflammation on the DLC coating. DLC coatings reduced wear, corrosion, and debris formation in orthopedic applications. By reducing platelet adhesion and activation, DLC coating also reduced thrombogenicity.

Global Diamond-like Carbon (DLC) for Medical Applications Market Overview

Rising applications in the medical industry, owing to DLC’s excellent benefits such as reduced friction, superior brittleness, and bio-inert characteristics, are likely to drive growth in the worldwide diamond like carbon (DLC) market in the coming years. The increasing demand for DLC coatings in the medical industry, as well as the growing demand in orthopaedic, cardiovascular, and dental applications, is a significant driver driving the DLC market. In orthopaedic applications, DLC coatings are used to decrease wear, corrosion, and debris accumulation. DLC coatings are mostly utilised in the medical business to cover biomedical equipment used in cardiovascular and orthopaedic applications. Hip and knee replacement surgeries are two of the most popular and successful procedures in the United States. As the number of replacement surgeries continues to climb, there is a greater emphasis on techniques and policies to manage costs and assure proper implant placement. The increasing incidence of hip and knee replacements drives up demand for implants, which propels the expansion of the DLC industry.

Due to its unique features like as shape memory effect and superelasticity, nickel-titanium (NiTi) has been employed for orthodontic implants. However, NiTi alloys degrade in the mouth cavity due to saliva immersion and enzymolysis. Their reactions cause corrosion and the release of nickel into the body. Higher Ni release concentrations may cause hazardous effects. The discharge of nickel produces allergic, toxic, and carcinogenic effects.Constant research operations in the medical business are anticipated to open up new doors for DLC makers. According to the RoHS rules, medical device producers are focused on greener engineering technologies such as DLC coating materials, which are biocompatible and can operate at a variety of temperatures.

Global Diamond-like Carbon (DLC) for Medical Applications MarketSegmentation Analysis

The Global Diamond-like Carbon (DLC) for Medical Applications Market is segmented on the basis of Type, Category, Application, and Geography.

Diamond-like Carbon (DLC) for Medical Applications Market by Type

  • Pure DLC
  • Mixed DLC

To Get Summarized Market Report By Type-

Based on Type, Mixed DLC accounted for the largest market share in 2021, and is projected to grow at a CAGR of 7.69% during the forecast period. DLC coatings are created by combining different poly-type structures at the Nanoscale, which are simultaneously formless and adaptable and are then only sp3 reinforced, much like a diamond. Such a mixture is referred to as tetrahedral amorphous carbon and is the hardest and most grounded (ta-C). DLC is a non-natural mixture of sp2 and sp3 bonded carbon that lacks a clear consistent crystalline structure, giving it some of the properties of diamonds such as hardness, and some of the properties of graphite such as low friction. Due to the inert nature of DLC coating, the mixed DLC segment is the fastest-growing segment, delivering superior friction behaviour, increased life cycle, and chemical compatibility.

Diamond-like Carbon (DLC) for Medical Applications Market by Application

  • Orthopedic and Dental Applications
  • Cardiovascular Applications
  • Cancer Therapy

On the basis of Application, Orthopedic and Dental Applications accounted for the largest market share in 2021, and is projected to grow at a CAGR of 8.03% during the forecast period. DLC can be used in orthopedics as coatings for hip implants and orthopedic pins (eg, femoral heads). In addition to services for the elderly, young people today are increasingly relying on surgical procedures for injuries sustained in sports or accidents. As a result, an increase in the number of operations is driving up the market for orthopedic implants. This is exacerbated by the use of bone grafts in other medical fields, including oncology, spine surgery, and traumatology. Severe trauma, osteoarthritis, and rheumatologic diseases damage human tissues beyond repair, and tumor resections, which are common in the elderly, can result in irreversible damage or structural defects that do not heal. All of these events will inevitably exacerbate the already massive economic challenge that healthcare and social systems face.

Diamond-like Carbon (DLC) for Medical Applications Market by Category

  • Surgical Instruments
  • Implantable

On the basis of Category, Implantable accounted for the largest market share in 2021, and is projected to grow at the highest CAGR during the forecast period. Diamond-like Carbon (DLC) coatings have properties that could make them suitable for implant applications. With a decrease in the age at which patients are considered for surgery and a population that is living longer, the need for long-lasting implants is becoming a greater concern. The current average life span of 15 years for hip implants is insufficient in a population that may require 30-40 years of service. Particularly in total hip and total knee replacement devices with an increase in the number of implants placed every year. According to The American Joint Replacement Registry (AJRR), the report shows an 18.3% increase in cumulative procedural volume over the previous year and includes data from 2,244,587 hip and knee arthroplasty procedures performed between 2012 and 2020.

Diamond-like Carbon (DLC) for Medical Applications Market by Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & East

On the basis of regional analysis, the Global Diamond-like Carbon (DLC) for Medical Applications Market is classified into North America, Europe, Asia Pacific and Latin America, and Middle East & East. The increasing use of DLC in the medical devices market is expected to drive the North America diamond like carbon market during the forecast period. The medical industry has developed rapidly in recent years, primarily due to the increase in investments in research and development in the industry. Some of the common medical devices that use diamond like carbon are surgical tools, prosthetic devices, dental implants, and cardiovascular implants, among others. Asia Pacific was the second-largest market in 2021, and it is projected to grow at the highest CAGR. The rising applications of diamond like carbon (DLC) in medical industry, owing to excellent benefits offered by DLC, such as low friction, exceptional brittleness, and bio-inert properties, are expected to bolster the development within the Asia-Pacific diamond like carbon (DLC) market in medical sector in coming years. The solutions and products in the diamond like carbon (DLC) market are being increasingly used for regular therapy as well as for orthopaedic surgeries. The solutions in the diamond like carbon (DLC) market can also be beneficial in cardiovascular treatments in medical sector.

Key Players

The “Global Diamond-like Carbon (DLC) for Medical Applications Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Oerlikon Balzers, Toyo Advanced Technologies Co., Ltd, DOT GmbH.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Oerlikon Balzers, Toyo Advanced Technologies Co., Ltd, DOT GmbH.

SEGMENTS COVERED

By Type, By Category, By Application, and By Geography.

CUSTOMIZATION SCOPE

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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