Bioceramics Market worth USD 25.9 billion by 2025

Bioceramics Market Analysis Size, Growth rate and Overview:

The Bioceramics Market was valued at USD xx billion in 2017 and is expected to reach almost USD 25.9 billion by the end of 2025, growing at a CAGR of around 6.5% over the predicted period.

Bio ceramics are specific materials that are made up of alumina or hydroxyapatite, calcium phosphate, which are used in the human body to replace a functionality like that of a bone material or hips or knees. Better access to various advanced medical facilities owing to their scale of utilization together with rising disposable income has resulted in early occurrences of surgical intervention, which is expected to stimulate product usage. Additionally, growing dental injuries coupled with rising dental implant procedures is expected to drive product demand over the next seven years.

Growth in healthcare industry in many emerging countries, mounting implantable devices market, availability of alternate for metals, and rising implant surgeries and knee & hip joint replacements are the major factors driving the growth of the bio ceramics market. However, various strict clinical & regulatory processes, and instability in alumina prices may hinder the growth of the market. But, growth in nanotechnology in bio ceramics might provide with several growth opportunities in the forecasted years. Meanwhile benefits like minimally invasive procedures, surgery cost reduction, and partial joint replacements are likely to present lucrative opportunities in the market.

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Bioceramics Market Key Drivers, Challenges, and Opportunities:

There are four chief types of bio ceramics materials like bio-inert ceramics, bio-active ceramics, bio-resorbable ceramics, and piezoceramics. Demand for bio ceramics in dental applications accounted for 37.4% of the global market in 2014, making it the most projecting segment after orthopaedics. The dental implants sector is expected to be a key market driver on account of increasing demand for ceramic-based crowns and bridges as they have shades closely resembling the original teeth crowns.

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Bioceramics Market – Regional Presence:

Geographically, North America and Europe are major markets for the product owing to the increasing research and development activities along with growing consumer demand in the region. Changing demographics in North America and Europe have resulted in a growing demand for healthcare facilities, which has been an important factor for medical advancements and contributed to the increasing use of the material over the past few years. Growing R&D activities by major industry players such as Kyocera coupled with rising demand in North America and Europe has led to a high penetration in these developed regions. 

Some of the Key Players Profiled in this Bioceramics Market Report are:

CeramTec, Amedica Corporation, Straumann, Nobel Biocare, Zimmer Biomet Holdings, Inc., Royal DSM, DOCERAM Medical Ceramics GmbH, and CoorsTek Medical, LLC. CoorsTek Medical etc.

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