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CHEMICALS AND ADVANCED MATERIALS

Bioceramics Market Segmentation By Material Type (Alumina, Zirconia and Others); By Application (Dental, Orthopedic and Others) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Bioceramics Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Introduction to Bioceramics Market Overview

The bioceramics are the bio materials which can be used to replace any lost tissue or organ structures. Its applications in medicinal and dental functions are attributed to its rational performance and their biological inertness. They are not similar to the metals which are used in the repair or replacement of tissue or organs. They help in normal tissue formation and its bonding with the bones.

The gradual shift towards bioceramics since past few years on the basis of its biological therapies provided in various medical sectors are further expected to propel the growth of the market during the forecast period. They are bioactive materials which facilitates their functioning into cells or tissues to regenerate the parts of the body along with supporting various defects in teeth and bones, fix the fractures and replace the diseased tissues and cells.

Market Size and Forecast

The global bioceramics market is observing robust growth on account of increasing number of replacements and healing human body parts. Advances in medical sector in the past few years, growing research and developments along with growing population and rise in per capita income are projected to drive the market growth over the forecast period.

Bioceramics market is anticipated to record a CAGR of 6.9% over the forecast period i.e. 2018-2027. The bioceramics market is expected to reach a value of USD 22 billion at the end of the forecast period.

knee and hip replacementsurgeries graph

According to OCED data, Germany had 299 hip replacements and 206 knee replacements per 1,00,000 people, U.S. had 204 hip replacement and 226 knee replacement surgeries per 1,00,000 people and U.K. had 182 hip and 149 knee replacement surgeries per 1, 00,000 people during 2015. This large population urging for surgical replacements of hip and knee are expected to boost the market growth during the forecast period. CLICK TO DOWNLOAD SAMPLE

Bioceramics market size

Growth Drivers

Dental Car

The rapid economic growth in the developing regions across the globe coupled with rising disposable income of the population are thriving the dental treatments with bioceramics which is expected to boost the market in the developing regions during the forecast period. Additionally, the increasing cavities in kids along with crowning, bridging and numerous other teeth implants are expected to drive the market significantly during the forecast period. Additionally, the rising focus on the dental care by the population across the globe is expected to escalate the demand for bioceramics in the healthcare sector during the forecast period.

Surgeries for Replacements and Repairs

The rising replacements and repair of various body parts such as hip, knee and others are expected to drive the market for the bioceramics in upcoming years. The accidents causing injuries which require surgeries for replacements and other repairs of various body parts are contributing to the growing demand for the bioceramics. Moreover, the growing population along with increasing disposable income is expected to propel the growth of the market during the forecast period.

Restraints

High Cost

However, the high cost associated with bioceramics in medical sector is estimated to hinder the growth of the market over the forecast period.

Market Segmentation

Our-in depth analysis of the global bioceramics market includes the following segments:

 

By Material Type

  • Alumina
  • Zirconia
  • Others

By Application  

  • Dental
  • Orthopedic
  • Others

By Region

On the basis of regional analysis, global bioceramics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The market is expected to be dominated by Europe during the forecast period owing to various healthcare developments in this region. The European countries such as Germany and U.K are expected to drive the growth of the market during the forecast period on the back of the high utilization of bioceramics in orthopedic treatments.

Asia Pacific is also expected to escalate market’s growth rate owing to various dental and orthopedic diseases in the region. Further, rising population along with growing healthcare concerns are anticipated to boost the market growth over the forecast period.

The global bioceramics market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Key Players

  • Carborundum Universal
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • CeramTec
  • Amedica Corporation
  • Zimmer Biomet Holdings Inc.
  • DOCERAM Medical Ceramics GmbH
  • Straumann
  • Nobel Biocare
  • CoorsTek Medical LLC.
  • Royal DSM
  • Sagemax Bioceramics

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