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
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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.
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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.
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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.
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.
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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.
Historical Data Available for
US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
- Bioceramics for Orthopedic Implants
- Bioceramics for Dental Implants
- Bioceramics for Implantable Electronic Devices
- Bioceramics for Other Applications
- Alumina Bioceramics
- Zirconia Bioceramics
- Carbon Bioceramics
- Other Material Bioceramics
Bioceramics Market- Scope of Report
A recent study by Fact.MR on the bioceramics market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market.
This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering bioceramics.
The study also provides the dynamics responsible for influencing the future status of the bioceramics market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing bioceramics, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of bioceramics across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of bioceramics during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative markets for bioceramics?
- Which factors will impact the growth of the market?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the bioceramics industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Market estimates at global and regional levels for bioceramics are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.
Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global bioceramics market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the bioceramics market during the forecast period.
Country-specific valuation on demand for bioceramics has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of bioceramics, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering bioceramics has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player.
Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the bioceramics market.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the bioceramics market, and reach conclusions on the future growth parameters.
This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases.
Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
The global bioceramics market is valued at above US$ 14 Bn.
Demand for bioceramics to top US$ 23 Bn by 2031, expanding nearly 1.5X.
From 2016 to 2020, sales of bioceramics applications increased at a CAGR of approximately 6%.
Sales of bioceramics around the world are largely expected to be driven by surging applications across dental and orthopedic implants.
The U.S., Canada, Japan, China, and Germany are the top 5 markets expected to grow at nearly 8% CAGRs, especially in the carbon bioceramics domain.
North America is expected to generate significant expansion opportunities, where the U.S. contributed over US$ 4 Bn market value in 2020.
Sales of bioceramics across Europe are expected to account for over 2/5 of global revenue across the 2021-2031 assessment period.
Orthopedic implants and dental implants are expected to collectively yield over 50% revenue in the long run.
Amedica Corporation, CeramTec GmbH, CoorsTek Medical LLC, and DePuy Synthes are prominent players manufacturing bioceramics across key regions.
The Asia Pacific bioceramics landscape is expected to yield almost US$ 3 Bn by 2031.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.