San Francisco, 10 January, Bioceramics
Market Analysis By Material (Alumina, Zirconia), By Application (Dental,
Orthopedic) And Segment Forecasts To 2022
Global bioceramics market is expected to reach USD 19.05 billion by 2022,
according to a new report by Grand View Research, Inc. Rising ageing population
coupled with increasing occurrences of osteoarthritis is expected to augment
market growth over the next seven years. Growing need to maintain a healthy
lifestyle coupled with introduction of new low cost preventive care measures
has led to the utilization of medical devices, which is expected to augment
expansion of the industry.
Alumina dominated the global
market, in terms of material, accounting for over 62% in 2014. Bioinertness,
hardness and high abrasion resistance are some of its qualities, resulting in
the extensive use of alumina implants for dental and joint applications.
Growing demand for biocompatible materials to increase acceptance by the
patients’ body as well as reduce the occurrence of infections post surgery is
expected to augment demand for alumina over the forecast period.
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Report On Bioceramics Market Analysis:
Further key findings from the report suggest:
·
Global bioceramics market
demand was USD 12.31 billion in 2014 and is expected to reach USD 19.05 billion
by 2022, growing at a CAGR of 6.2% from 2015 to 2022.
·
Rising ageing population in
developed economies has been a major factor for positive growth over the past
few years and this trend is likely to continue in the near future. Increasing
trend of early surgical intervention by doctors in case of joint replacements
has resulted in growing demand for knee, shoulder and hip implants. This will
result in increasing penetration of bioceramics in the orthopedic sector
generating revenues worth USD 7.87 billion by 2022.
·
Advancements in medical
technology and demand for sophisticated medical services & devices are
expected to augment demand for bioceramics over the forecast period. Changing
food consumption patterns among younger population coupled with lack of
nutrition in diet have contributed towards cavity formation and damaged tooth
health. This has led to increasing demand for dental crowns, bridges, and
bristles which has eventually contributed towards increasing penetration of
bioceramics in dental care.
·
Europe was the largest market
and is expected to witness gains at a CAGR of 5.7% from 2015 to 2022. Positive
outlook towards the orthopedic sector, mainly in Germany, is expected to drive
market growth.
·
Key industry players including
CeramTec, Amedica Corporation, Zimmer Biomet Holdings, Inc, DOCERAM Medical
Ceramics GmbH, Straumann, Nobel Biocare and CoorsTek Medical, LLC. These
companies are investing heavily in research and development activities of
bioceramics materials. Companies such as CIRTEC Medical Systems perform thermal
shock testing of brazed and ceramic components which help in making robust
designs. In addition, the company is also using x-ray and dye penetration
technology to evaluate various ceramic components.
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Grand View Research At: www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the
global bioceramics market on the basis of material, application and region:
Global Bioceramics Material
Outlook (Revenue, USD Million, 2012 - 2022)
·
Alumina
·
Zirconia
·
Others
Global Bioceramics Application
Outlook (Revenue, USD Million, 2012 - 2022)
·
Dental
·
Orthopedic
·
Others
Global Bioceramics Regional
Outlook (Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
·
Europe
o
Germany
·
Asia Pacific
o
Japan
o
China
·
RoW
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/