by Bioceramics are bioinert or bioactive materials made by mixing and processing of inorganic non-metallic materials with calcium phosphates or metal oxides. They have advantageous properties like biocompatibility, bioactivity, strength and durability which make them suitable for various medical applications like dental implants, bone grafts, orthopedic applications.
The global Bioceramics Market is estimated to be valued at US$ 4369.34 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
For instance, dental implants made from bioceramics has advantages over metallic implants as they do not trigger allergic reactions, exhibit superior aesthetic properties and biocompatibility. Bioceramics are also used for bone grafting or substitution in cases of fractures, arthritis or spinal fusion surgeries. Growing geriatric population suffering from bone diseases and increasing dental issues are fueling the demand for bioceramic materials worldwide. The ability of bioceramics to bond to living bone tissues owing to their bioactive properties makes them suitable for diverse medical applications. Technological advancements aimed at improving the mechanical strength and accelerating the biodegradation of bioceramic materials are further augmenting the market expansion.
Segment Analysis
The global bioceramics market is segmented into material and application. Based on the material, the market is divided into zirconia, alumina, glass ceramic, calcium phosphate and others. The calcium phosphate segment dominates the market and accounted for the largest market share in 2023. Calcium phosphate ceramics have excellent biocompatibility and osteoconductive properties which make them suitable for bone grafting and bone repair procedures.
Key Takeaways
The Global Bioceramics Market Demand is expected to witness high growth, exhibiting CAGR of 4.3% over the forecast period, due to increasing number of bone fractures and joint replacements.
Regional analysis
North America dominates the global bioceramics market with the highest market share in 2023, owing to increased healthcare spending and rising prevalence of orthopedic and dental diseases in the region. Europe holds the second largest market due to growing geriatric population suffering from bone diseases.
Key players
Key players operating in the bioceramics market are CoorsTek, Inc., Kyocera Corporation, Morgan Advanced Materials, CeramTec, BONESUPPORT, COLLAGEN MATRIX, BERKELEY ADVANCED BIOMATERIALS INC., and CERAMTEC. The market leaders like Kyocera Corporation and CoorsTek, Inc. account for the major market share.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
