Bioceramics Market worth $10.2 billion by 2028, at a CAGR of 6.7 %, says MarketsandMarkets™

Chicago, March 13, 2024 (GLOBE NEWSWIRE) — The Bioceramics Market is projected to grow from USD 7.4 billion in 2023 to USD 10.2 billion by 2028, at a CAGR of 6.7%., as per the recent study by MarketsandMarkets™. Bioceramics are a class of ceramic materials that are biocompatible and used for repairing or replacing damaged bone tissues. Bioceramics range in biocompatibility from the ceramic oxides, which are inert in the body, to the other extreme of resorbable materials, which are eventually replaced by the body after they have assisted repair.

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206 – Market Data Tables

63 –   Figures

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List of Key Players in Bioceramics Market:  

  1. Coorstek Inc. (US)
  2.  Kyocera Corporation (Japan)
  3.  Morgan Advanced Materials Plc (UK)
  4.  CeramTec GmbH (Germany)
  5.  Tosoh Ceramics Co. Ltd. (Japan)
  6.  Institut Straumann AG (Switzerland)
  7.  Berkeley Advanced Biomaterials Inc. (US)
  8.  DSM (Netherlands)
  9.  CTL Amedica (US)
  10.  3M (US)

Drivers, Opportunities and Challenges in Bioceramics Market

  1. Drivers: Biocompatibility
  2. Restraint: Long-Term Performance and Durability Concerns
  3. Opportunity: Emerging markets and medical tourism along with sustainable nature.
  4. Challenge: Long term durability and cost considerations

Key Findings of the Study:

  1. The Zirconia material segment accounted for the largest market share during the forecast period.
  2. Bio-active type accounted for the largest market share during the forecast period.
  3. Dental segment to remain the largest end-use application in terms of value during the forecast period.

Bioceramics are used in many types of medical procedures, including dental and bone implants, joint replacements, pacemakers, kidney dialysis machines, and respirators. Bioceramics can be modelled to precise shapes and their compositions can be tailored to enhance specific properties.

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Based on type, the bioceramic market is segmented into bio-inert, defined as substances that do not elicit a response from the host’s immune system when introduced into the body, bio-active are a class of biomaterials designed to induce specific biological activity for repairing and regenerating bone tissues, and bio-resorbable are the substances that are designed to be gradually absorbed by the body after serving their intended function, such as providing mechanical support or delivering medication.

Based on material type, the bioceramic market has been segmented based on material type used to manufacture bioceramics having applications in dental, orthopaedic and biomedical. Major materials are aluminum oxide, zirconia, calcium phosphate, calcium Sulfate, bio-active glass, and others. In terms of value, zirconia material type segment accounted for the largest market share in the global bioceramics market. Aluminum oxide and Zirconia based ceramics are being increasingly used for hip replacements and dental implants.

Based on the applications, the global bioceramic market has been segmented into orthopedic, dental, and biomedical applications. Bioceramics are getting widely used in the various applications like for hip and joint replacement implants, dental implants, surgical equipments, and others. Bioceramics are highly biocompatible and have very high compressive strength. They are also naturally sterile, which is beneficial for medical applications. Bioceramics are resistant to chemical degradation and wear, making them suitable for long-term use.

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Based on Region, Asia Pacific region is expected to witness highest CAGR, in terms of both value and volume, during the forecasted period 2023 to 2028. The high growth of bioceramics market can be attributed to rapid growth in aging population. High acceptance of bioceramics in the healthcare industry and growing need for these ceramics in the production of dental implants, orthopedic implants, and other medical devices are attributed to the high growth of bioceramics in this particular region.

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CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com

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