Global Bioceramics Market Report, published by Variant Market Research, forecast that the global market is expected to reach $27.3 billion by 2025 from $15.9 billion in 2017; growing at a CAGR of 7.0% from 2017 to 2025. By geography, Asia-Pacific, and RoW are expected to grow at a CAGR of 9.3% and 8.4%, respectively, during the forecast period. Bioceramics find usage in medical applications mainly for maxillofacial surgery, implants in orthopedics, & for dental implants. With growing healthcare industry in emerging nations, and increasing rate of implant surgeries, the market is expected to boost over the forecasted period.
"Bioceramics Market (By Material: Aluminum Oxide, Zirconium, Calcium Sulfate, Calcium Phosphate, Carbon and Glass; By Type: Bioinert, Bioactive and Bioresorbable; By Application: Bone Implants, Dental Implants, Surgical Instruments and Diagnostic Instruments;By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario Market Size, Outlook, Trend and Forecast, 2016 – 2025"
Growing implantable devices marketto drive the growth of the global market
The factors supporting growth of the global bioceramics market are growing implantable devices market, increasing healthcare industry in emerging countries, and increasing number of implant surgeries as well as knee & hip joint replacements. However, uncertainty in alumina prices may act as a restraint for the growth of the market. Moreover, growing nanotechnology in bioceramics would provide several growth opportunities for the market in the future years.
Material, type, application, and geography are the major segments considered in the global bioceramics market. By material, the market is bifurcated into aluminum oxide, zirconium, calcium sulfate, calcium phosphate, carbon and glass. By type, the market is categorized into bioinert, bioactive, and bioresorbable. Application segment includes dental implants, bone implants, surgical instruments and diagnostic instruments. By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico. UK, Russia, Germany, France, and Rest of Europe are analyzed under the European market. China, India, Japan, and Rest of Asia-Pacific are included under the Asia-Pacific Market While RoW is bifurcated into South America, Middle East, and Africa.
Aluminum oxide accounted for the largest market share in thematerial segment
Aluminum oxide accounted for the largest market share in 2017, in the material segment, and is expected to continue its dominance during the forecast period 2017 – 2025. Aluminum oxide is a white powder, has high strength, high density, exceptional corrosion resistance, biocompatibility, as well as high wear resistance. Also, it can be crushed, machined, as well as polished to a high-quality product. These characteristics of aluminum oxide drive the growth of this segment.
Bioinert accounted for the largest market share in thetypesegment
Bioinert accounted for the largest market share in 2017, in the type segment, and is expected to continue its dominance during the forecast period 2017 – 2025. The growth is attributed to the fact that bioinert ceramics are high strength ceramics, used in load-bearing body implants. Also, these ceramics do not cooperate with the body environment apart from beginning an initial fibrous tissue reaction, that coats the ceramic. Bioinert are used in the dental & orthopedic implants, which drive the growth of this segment.
Bone implantsaccounted for the largest market share in theapplication segment
Bone implants accounted for the largest market share in 2017, in the application segment, and are expected to continue its dominance during the forecast period 2017 – 2025. The growth is attributed to the fact that these ceramics are considered with excellent biocompatibility, high mechanical strength, dimensional stability, and tribological properties, and are used for bone implants.
North America dominated the global market with highest market share over the forecast period
North America dominated the global market with largest market share of 49.1% in 2017 and expected to continue its dominance during the forecasted period. The growth is attributed to growing R&D activities coupled with rising consumer demand in the region. Change in demographics in North America has resulted in rising demand for health care facilities.
The major players operating in the market are CoorsTek Medical LLC, Doceram Medical, Institut Straumann AG, Nobel Biocare Services AG, Zimmer Biomet, CeramTec, Amedica Corporation, CAM Bioceramics B.V., H.C. Starck GmbH, and DePuy Synthes, among others.