Over 40% Bioceramics Demand Stimulated by Dental Implant Applications: Fact.MR Study
Published : 21 Jun 2021 Industry: Healthcare
Fact.MR’s bioceramics market report forecasts strong expansion, expecting an incline of over 7% CAGR across the 2021-2031 assessment period. As per the report, the market is poised to be valued at above US$ 23 Bn by 2031. Growth is majorly fueled by extensive application across the orthopedic and dental implants segments.
Historically, sales of bioceramics grew by approximately 6% in value CAGR from 2016 to 2020, closing in at above US$ 14 Bn by the end of 2020. As the COVID-19 pandemic unfolded, recessionary pressures were experienced, attributed to postponement of elective procedures, including dental and orthopedic implant surgeries.
As per the World Health Organization, dental caries prevalence is a major public health concern globally. Since the past half-decade, dental caries ranked first for permanent tooth decay, comprising 2.3 billion people, and 12th for deciduous teeth, equivalent to 560 million children. Hence, patients are undergoing numerous teeth implant surgeries, which is stimulating demand for dental crowns, bridges, bristles and dentures.
Likewise, an estimated 10-15% of adults aged above 60 suffer from varying degrees of osteoarthritis and other bone-related ailments, for which implant surgeries are on the incline. Hence, demand for bioceramics is showing sufficient promise.
Key Takeaways from Market Study
- By material, carbon bioceramics to expand at over 7% CAGR through 2031
- Alumina bioceramics likely to be valued at over US$ 11 Bn by 2031-end
- By application, demand likely to remain high for dental implants, generating over 2 out of 5 sales
- Orthopedic applications to acquire traction, expanding at around 6% CAGR until 2031
- U.S. sales of bioceramics were valued at above US$ 4 Bn in 2020, mostly for orthopedic implants
- Cutting-edge surgical innovations pushing bioceramics sales across China at over 6% CAGR
- India, Australia, and South Korea to collectively reach nearly US$ 3 Bn by 2031
“Inclining preference for lightweight, flexible, and comfort-enhancing biomedical implants is prompting healthcare providers to incorporate bioceramics within their surgical procedures, catalyzing market growth,” says a Fact.MR analyst.
Presence of handful of manufacturers renders the bioceramics landscape fairly consolidated in nature. Prominent players include Amedica Corporation, Cam Bioceramics BV, CeramTec GmbH, Saint-Gobain, CoorsTek Medical LLC, DePuy Synthes, and Royal DSM NV, to name a few.
- In June 2020, Cam Bioceramics BV announced that its medical grade ceramic materials would be deployed by Admatec in its Admaflex DLP 3D printing systems, which includes a newly available hydroxyapatite slurry material.
- In January 2021, DOCERAM Medical Ceramics (Nacera) introduced a new product catalogue, which includes a new range of zirconia products such as the Nacera® Blanks which are used for producing fixed dentures, including single crowns and bridges measuring up to 16 inches.
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the bioceramics market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of application (orthopedic implants, dental implants, implantable electronic devices and other applications), and material (alumina, zirconia, carbon and other materials) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa)
Fact.MR’s Domain Knowledge on Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
For more information, refer to our market research report or contact the PR author.
Shambhu Nath Jha
Sr. Consultant - Healthcare