The valuation of the global bioceramics market had reached USD 24.92 billion in 2030, which is expected to further appreciate at 10.10% CAGR during the assessment period (2021-2030).
The bioceramics market size is projected to register a market size of 24.92 billion with a CAGR of 10.10% from 2022 to 2030. Bioceramics are ceramic materials that have been specifically designed for use as medical and dental implants. These are typically utilized to replace bodily hard tissue such as bone and teeth. Alumina, zirconia, and hydroxyapatite are common bioceramics (a form of calcium phosphate). Ceramics are inorganic, highly inert, hard, and brittle polycrystalline materials with great compressive strength, good electric and thermal insulators, and a pleasing aesthetic appearance. The aging population has increased in osteoarthritis, which will drive demand for bioceramics for knee and hip replacement replacements and implants. However, alumina price volatility is projected to influence industry expansion negatively. Medical polymers with bioceramic-like characteristics are predicted to stymie growth over the forecast period. Over the projection period, partial joint replacements, less invasive procedures, and lower surgical costs are likely to create new prospects for market expansion. Thus, these factors are anticipated to drive the growth of the bioceramics market.
COVID-19 Impact Analysis
COVID-19 has had an impact on the manufacturing and sales of new automobiles all over the world because the initial outbreak disturbed the entire ecosystem. With the COVID-19 pandemic afflicting the healthcare sector, bioceramics' market share fell due to poor or new requirements. Because of the second wave of the COVID-19 pandemic's deeper and wider penetration into rural regions, governments worldwide were obliged to enforce successive phases of lockdown to halt the virus's spread. OEMs had to wait until lockdowns were released before restarting production, and bioceramics manufacturing was also halted, causing liquidity concerns for tiny tier II and tier III businesses.
Bioceramics Market Dynamics
The market is expanding due to increased demand from the orthopedic and dental implant sectors in countries such as Japan, the US, Germany, and China. Due to ongoing advancements in medical technology and services, the expanding medical industry will likely boost growth during the projection period. Better access to modern medical facilities due to increased consumption and rising disposable money has resulted in earlier surgical intervention, which is projected to increase product usage. Furthermore, increased dental implant procedures and rising dental injuries will drive product demand during the next seven years. For instance, Amedica Corporation was awarded a patent by the US Patent and Trademark Office in October 2020 for articulating intervertebral devices, related equipment, systems, and techniques to solve issues associated with standard transforaminal lumbar interbody fusion (TLIF) surgeries.
The rising medical sector in emerging nations and the use of these ceramics in electronic devices have been cited as important growth drivers in the bio-ceramics and piezoceramics market. Some emerging countries are seeing an increase in osteoarthritis due to an aging population. These ceramics are utilized in hip replacement and knee implants to address this problem. Ceramics have excellent tensile and compressive strength, which is why they are employed as implants. Furthermore, the demand for these ceramics is increasing for producing healthcare devices such as hearing aids, artificial joints, and cardiovascular device components.
With approximately 3.5 billion individuals, oral disorders are a severe health burden for many countries, according to the World Health Organization. Dental caries, oro-dental trauma, oral cancer, and periodontal (gum) disease are a few examples. As a result, spending on dental treatment has increased dramatically.
Even though bioceramics have several beneficial qualities, such as lightweight material composition and improved patient comfort, several disadvantages are anticipated to limit market growth prospects during the long-term forecast period. For instance, the low mechanical qualities of all calcium phosphate bioceramics generated in a porous form, such as brittleness and low fatigue strength, are prevalent negative. Since of this fragility, patients may experience issues because they may need to see their surgeons more frequently to update the implant.
The shift in medical tourism is a big opportunity in the bio-ceramics and piezoceramics business. People from the US and the UK have traveled to nations such as Malaysia, India, and China for medical care. These countries provide high-quality healthcare services at a minimal cost. Patients, for example, come to India for dental implants because of the inexpensive cost of the operation. Ceramics are used in these implants, which has raised the demand for these products. In addition, there is a growing awareness of the importance of oral and health hygiene. These elements are projected to open up new prospects for industry participants.
By Material Insights
The bio ceramics market segmentation, based on material, is alumina, zirconia, and others. The bioceramics market growth was prominently high under the alumina segment in 2021 due to properties such as hardness and excellent wear resistance. Because of their bio-inertness, robustness, and chemical inertness, alumina bioceramics are suited for bone and dental implants.
By Application Insights
The bioceramics market segmentation, based on application, is orthopedics, dental care, and bio-medical. Because of the increasing surgical intervention trend for knee, shoulder, and hip implants, the orthopedic application sector accounted for the largest proportion of the worldwide bio-ceramic market in 2021 and is also anticipated to lead the market with the highest growth rate in the forecast period. Because of the growing senior population, the demand for bioceramics for hip joint and knee replacements and implants is increasing.
Global Bioceramics Market Share, by Region, 2021 (%)
Bioceramics Market Overview, by Region
By region, the bio ceramics market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share, and Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
North America dominated the market, with the highest market share in 2021. North America is the key industry for bioceramics goods, owing to increased R&D activity and rising customer demand. North America's changing demographics have resulted in a rise in demand for healthcare facilities. This has been a significant element in medical developments and has contributed to the material's increased use in recent years.
Asia-Pacific is anticipated to register the fastest CAGR in the forecast period. Pharmaceutical companies in the Asia-Pacific are also expanding their manufacturing capacity. This aspect and increased R&D spending are likely to create new opportunities in the Region. Bioceramics are frequently employed in designed bioreactors and extracorporeal circulation systems such as dialysis and dental and bone implants. This tendency is expected to boost the expansion of the Asia-Pacific market throughout the forecast period.
Bioceramics Market Competitive Landscape
The market compromise of tier-1, tier-2, and regional players. The tier-1 and tier-2 players have reach with diverse product portfolios. Companies such as CeramTec, Amedica Corporation, Zimmer Biomet Holdings, Inc., Royal DSM, DOCERAM Medical Ceramics GmbH, Straumann, Nobel Biocare, and CoorsTek Medical, LLC. CoorsTek Medical, among others, dominates the market due to product differentiation, strategic developments, financial stability, and diversified regional presence. Bioceramics firms are focusing on developing new and inventive methods to make facility assets and services relevant and necessary for improving customer experience, business administration, occupational physiology, and supporting their core business. Property management services are tailored to property owners' short and long-term financial goals. Service and solution providers develop strategic property operations plan for their customers based on a zero-based operating budget and capital plan. To expand their market footprint and acquire more clients, these market players are investing in R&D and engaging in marketing strategies such as partnerships & collaborations, mergers & acquisitions, product launches, and developments.
Prominent players in the bioceramics market research include CoorsTek Inc., DePuy Synthes Companies, Morgan Advanced Materials PLC, CeramTec GmbH, Kyocera Corporation, Zimmer-Biomet Holdings Inc., HC Starck GmbH, Saint-Gobain Ceramics & Plastics Inc., NGK Spark Plug Co. Ltd., among others.
Scope of the Bio ceramics Market Segmentation
By Material Outlook
By Application Outlook
By Region Outlook
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the bioceramics market report segmented by material and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers in the bioceramics market forecast between 2022 and 2030
To identify and infer the drivers, restraints, opportunities, and challenges in the bioceramics market growth
To find out the factors which are affecting the bioceramics market size among consumers
To identify and understand the various factors involved in the market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
|Market Size||2030: USD 24.92 billion|
|CAGR||7.10% CAGR (2022-2030)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Growth Factors, Competitive Landscape, and Trends|
|Segments Covered||Material, Type, Application|
|Geographies Covered||North America, Asia-Pacific, Europe, and the Rest of the World (RoW)|
|Key Vendors||CoorsTek Inc., DePuy Synthes Companies, Morgan Advanced Materials PLC, CeramTec GmbH, Kyocera Corporation, Zimmer-Biomet Holdings Inc., HC Starck GmbH, Saint-Gobain Ceramics & Plastics Inc., and NGK Spark Plug Co. Ltd.|
|Key Market Opportunities||A shift in medical tourism|
|Key Market Drivers||Application of bioceramics in electrical devices|
The bioceramics market forecast period is 2022 - 2030
The market is expected to register a CAGR of ~7.10 % over the next 10 years, according to bioceramics market research.
Asia-Pacific is expected to register the highest CAGR during 2022 - 2030
North America held the largest share in 2021
The market size is expected to be USD 24.92 billion by 2030.
CoorsTek Inc., DePuy Synthes Companies, Morgan Advanced Materials PLC, CeramTec GmbH, Kyocera Corporation, Zimmer-Biomet holdings Inc., HC Starck GmbH, Saint-Gobain Ceramics & Plastics Inc., NGK Spark Plug Co. Ltd are the major companies operating in the market.