Bioceramics Market

Market Outlook for Bioceramics

According to the bioceramics market insights gathered by Fact.MR, the global market was valued at over US$ 14 Bn in 2020, and is projected to expand 1.5X over the decade to be valued at US$ 23 Bn by 2031. Amedica Corporation, CeramTec GmbH, CoorsTek Medical LLC and DePuy Synthes are identified as some prominent manufacturers of bioceramics, as per industry analysis.

Key Points Addressed in Bioceramics Industry Survey:

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Bioceramics and How to Navigate
• Recommendation on Key Winning Strategies

Bioceramics Industry Analysis from 2016-2020 Vs Future Demand Outlook for 2021-2031

Bioceramics market insights reveal a growth trajectory of around 6% CAGR from 2016 to 2020. Demand was largely spurred by continued advancements in biological implants for various surgical procedures, including orthopedic and dental.

Adjusting for COVID-19-induced recessionary pressures, the market for bioceramics was estimated at over US$ 14 Bn in 2020, and is forecast to top US$ 23 Bn by 2031, expanding at a CAGR exceeding 7%. Bioceramics sales forecasts are especially high across the U.S. and Chinese landscapes, given the fast-paced technological advancements in medical implants.  

How is Increasing Emphasis on Dental Care Spearheading Bioceramics Adoption?

According to W.H.O, oral diseases pose a major health burden for many countries, with nearly 3.5 Bn patients. These include dental caries, oro-dental trauma, oral cancer, and periodontal (gum) disease, among others. Consequently, spending on dental care has augmented significantly.

Therefore, dentists are leveraging highly advanced implant solutions to prevent teeth loss amongst patients suffering from such conditions. Hence, the popularity of bioceramics is surging rapidly. As they are non-toxic and bioinert, bioceramics implants are the preferred implant choices amongst dental practitioners.

Will Rising Prevalence of Musculoskeletal Disorders Heighten Bioceramics Implants Uptake?

Approximately 1.71 Bn people globally suffer from musculoskeletal conditions, significantly limiting mobility and dexterity, prompting early retirement from work, lower levels of well-being, and reduced ability to participate in society, concludes W.H.O.

As the global population expands, musculoskeletal disorders are multiplying, with conditions such as osteoporosis, osteoarthritis, rheumatoid arthritis and back & neck pain becoming common.

Hence, medical practitioners are experimenting with orthopedic implants, incorporating lightweight and flexible material to reduce discomfort amongst patients, broadening bioceramics demand outlook.

Will Brittle Nature of Key Materials Impede Future Sales of Bioceramics?

Although bioceramics are endowed with significant advantageous properties, including lightweight material composition and enhanced patient comfort, there are several drawbacks that are likely to impede market growth prospects in the long-run forecast period.

For instance, a common drawback to all calcium phosphate bioceramics produced in a porous form is their low mechanical properties, such as brittleness and low fatigue strength. Consequently, such fragility may create problems in patients, as they may need to visit their surgeons more often to get the implant replaced.

Country-wise Analysis                  

How will Bioceramics Demand Outlook Shape Up in the U.S.?

Analysis of bioceramics sales across North America reveals that, the U.S. generated bulk of total demand, being valued at over US$ 4 Bn in 2020. Extensive consumption across key medical domains is bolstering the growth prospects for this region over the coming years.

According to the American Ceramic Society, bioceramics applications have surged across orthopedics, tissue engineering and dentistry. For hard or soft tissue replacement, bioceramics manufactured from calcium oxide, sodium oxide and phosphorous pentoxide are widely used, while hydroxyapatite coatings are commonly used for ceramic bearings on orthopedic implants.

What are the Growth Opportunities for Bioceramics across China?

China is forecast to reach a projected market size of US$ 4 Bn by 2031, expanding at a CAGR of over 6%. Bioceramics demand outlook across the East Asian giant is attributed to extensive spending to augment healthcare infrastructure. Further impetus is being provided by the Made in China 2025 campaign.

Estimates suggest that China spends 6% of its GDP on healthcare, with its medical device market experiencing double digit growth since the past three decades.

Advancements in orthopedic and dental surgeries have yielded fertile opportunities for various bioceramics manufacturers in the recent past, as practitioners seek to incorporate lightweight yet robust implant materials.  

Category-wise Insights

Why are Carbon Bioceramics Acquiring Popularity?

By product, sales of carbon bioceramics are anticipated to surge at a CAGR of over 7% until 2031, attributed to their high density and enhanced fiber strength. Moreover, their light weight offers convenience to patients as well as surgeons in terms of implant positioning.

Vitreous carbon is also used as it is light, resistant to wear, and compatible with blood. It is mostly used in cardiac valve replacement. Diamond can be used for the same application, but in coating form.

Will Bioceramics Usage be Maximum for Dental Implant Manufacturing?

As per Fact.MR’s bioceramics market insights, demand for dental implants generated over 40% of the total revenue until 2020. Increasing demand for ceramic-based crowns and bridges owing to close resemblance to original teeth are majorly driving growth in this segment.

Simultaneously, growth across the orthopedic segment is also expected to incline, registering a CAGR of approximately 6% until 2031. Rising incorporation of key materials such as zirconium, aluminum and hydroxyapatite to reduce chances of dislocation shall drive growth in this segment.

Competitive Landscape

The global market for bioceramics is characterized by the presence of limited manufacturers, offering specialized product offerings for multiple end users. Players are largely involved in forging collaborations and acquisitions, among other expansion strategies, to leverage existing growth prospects.

• In October 2020, Amedica Corporation secured a patent from the U.S Patent & Trademark Office for articulating intervertebral devices, related tools, systems and methods to address challenges associated with traditional transforaminal lumbar interbody fusion (TLIF) procedures.
• In April 2021, CoorsTek announced an additional expansion of its manufacturing footprint in Benton, Arkansas, so as to support the evolution and innovation in key domains, including bioceramics.
• In June 2021, Morgan Advanced Materials Plc. was awarded with the AAA rating for its sustainability achievements and initiatives by MSCI, as the company accelerates its environmental, social and governance (ESG) credentials program, including manufacturing bioceramics.

Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
Key Countries Covered	U.S. Canada Germany U.K. France Italy Spain India China Japan South Korea Australia Brazil Mexico Argentina GCC South Africa
Key Market Segments Covered	Application Material Region
Key Companies Profiled	Amedica Corporation Cam Bioceramics BV CeramTec GmbH Compagnie de Saint-Gobain CoorsTek Medical LLC DePuy Synthes DOCERAM Medical Ceramics GmbH H.C. Starck GmbH Morgan Advanced Materials Plc. Royal DSM NV
Pricing	Available upon Request

Key Segments

• Application

  • Bioceramics for Orthopedic Implants
  • Bioceramics for Dental Implants
  • Bioceramics for Implantable Electronic Devices
  • Bioceramics for Other Applications

• Material

  • Alumina Bioceramics
  • Zirconia Bioceramics
  • Carbon Bioceramics
  • Other Material Bioceramics