Bioceramics Market

Global Bioceramics Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Bioceramics Market was worth US$ 16,589.2 Mn and is expected to grow at a CAGR of 6.8% over the forecast period. While the historical CAGR is 5.7%, the market is expected to hit US$ 32,028.6  Mn by 2032 end.

A class of biomaterials known as bioceramics is biocompatible. These are typically applied in medical settings. These are constructed of resorbable materials or ceramic oxides. Leading producers also favor investing in bioceramics as a crucial component in creating various implants. Demand for bioceramics is still high among top producers, which can be attributed to improved qualities such as greater biocompatibility.

Market Dynamic

INCREASING EMPHASIS ON DENTAL CARE SPEARHEADING BIOCERAMICS ADOPTION

With almost 3.5 billion people worldwide, oral illnesses are a significant health burden for many nations. These include periodontal (gum) disease, oral cancer, dental caries, and oro-dental trauma. As a result, dental care expenses have dramatically increased.

As a result, dentists are using cutting-edge implant solutions to help patients with these disorders avoid losing their teeth. As a result, bioceramics are becoming increasingly popular. Bioceramics implants are the favored option among dental professionals since they are non-toxic and bioinert.

Market Segments Covered in Report

By Material Type:

• Aluminum Oxide
• Zirconia
• Calcium Phosphate
• Others

By Type:

• Bio-Inert
• Bio-Active
• Bio-Resorbable

By Application:

• Dental Implants
• Orthopaedic Implants
• Implantable Electronic Devices
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is the aluminium oxide segment expected to register high value?

The aluminum oxide segment is anticipated to rule the worldwide bioceramics market. The need for bioceramics is expected to be strong throughout the projected period due to the expanding demand for orthopedic implants with improved biocompatibility and mechanical strength. Due to these considerations, the market for these bio-inert materials is anticipated to increase moderately during the forecast period.

Why is the Orthopedic Implant Segment expected to contribute to the maximum sales in the Bioceramics Market?

Throughout the forecast period, orthopedic implants such as the knee, hip, and joint replacements are expected to keep a dominant share. The demand for bioceramics among orthopedic implant manufacturers has increased as the senior population grows.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• With a 52.3% market share, the Asia Pacific Region is anticipated to rule the worldwide bioceramics market throughout the forecast period. This area’s manufacturing base is home to several prestigious manufacturers. The Asia Pacific is a key provider of bioceramics to numerous nations worldwide due to the presence of top enterprises in the region.
• Europe controls nearly 30.3% of the worldwide bioceramics market. Germany is expected to experience a large increase in the demand for bioceramics among the major European nations.

Competition Analysis

A small number of producers with specific product lines for various end users dominate the global market for bioceramics. Players are heavily engaged in forming alliances and acquisitions, among other expansion measures, to capitalize on current growth opportunities.

The key developments in the Global Bioceramics Market are:

• In October 2020, for articulating intervertebral devices, associated instruments, systems, and techniques to solve difficulties associated with conventional transforaminal lumbar interbody fusion (TLIF) surgeries, Amedica Corporation obtained a patent from the US Patent & Trademark Office.
• In April 2021, CoorsTek announced a further expansion of its manufacturing footprint in Benton, Arkansas, to support advancement and innovation in important fields, such as bioceramics.
• In June 2021, as the firm advanced its environmental, social, and governance (ESG) credentials program, which includes producing bioceramics, Morgan Advanced Materials Plc. was given the AAA rating for its sustainability achievements and initiatives by MSCI.

A list of some of the key suppliers present in the market are:

• Amedica Corporation
• Cam Bioceramics BV
• CeramTec GmbH
• Compagnie de Saint-Gobain
• CoorsTek Medical LLC
• DePuy Synthes
• DOCERAM Medical Ceramics GmbH
• C. Starck GmbH
• Morgan Advanced Materials Plc.
• Royal DSM NV

Global Bioceramics Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies