BIOCERAMICS MARKET ANALYSIS

The global bioceramics market size was valued at US$ 4,187.2 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4.35% from 2023 to 2030. Rising awareness among patients and medical facilities regarding benefits of bioceramics is expected to fuel market growth. In addition to the advancements in the health care industry, increasing research activities in this field is also projected to drive market growth. Bioceramics can be used in a wide array of medical applications, they are more commonly found in dentistry. Moreover, the increase in the production of bioceramics is expected to create immense market opportunities.

Global Bioceramics Market: Regional Insights

Regionally, Asia Pacific is expected to dominate the global bioceramics market owing to the increased demand for bioceramics in China, Japan, and India. These countries are also experiencing rising health concerns. Moreover, the increase in research and development activities will increase the growth of the market. Furthermore, the growing geriatric population has contributed to increase in the demand for bioceramics in the field of dentistry.

Europe is expected to have the second-largest market share in the global bioceramics market. Increasing consumer awareness and the presence of advanced medical facilities plays a significant role in the regiona market growth. Another major driver is the presence of large pharmaceutical companies that are investing heavily in research and development activity.

Figure 1. Global Bioceramics Market Share (%), By Region, 2022

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Global Bioceramics Market Drivers:

Increasing demand for biocompatible materials to propel market growth

Biocompatible materials are used in manufacturing of medical devices. The effectiveness of these products depends on how well they interact with the body's natural tissue and cells. The growth of the biocompatible materials market will be driven by the increasing adoption of cosmetic surgery, as well as cosmetic surgeries. Hence, growing demand for biocompatible material will favor the market growth

Growing application in dental care to augment market growth

Bioceramics in dental applications is a growing segment. As the number of people suffering from chronic diseases increases, the demand for bioceramics will also increase. In addition to this, the growing number of dental procedures will drive growth of the market. It includes tooth fillings, pulp capping, and alveolar ridge augmentation. Increasing demand for new and advanced products is expected to propel growth of the market.

Global Bioceramics Market Opportunities:

Increasing use of bioceramics for treating cancer is expected to provide lucrative growth opportunities for players in the market. Cancer treatments include hyperthermia and radiotherapy. Hyperthermia treatment implants are produced from bioceramics materials that exhibit magnetic properties. In this treatment affected area is exposed to an alternating magnetic field, which kills tumor cell using the heat produced. Additionally, the bioceramics are blended with beta-emitting materials and implanted into the affected area. Hence, bioceramics can be the future of cancer treatment.

Development of new method to produce customized nano-cermics is expected to bring bright market opportunities. Customized nano-ceramics in medical is an emerging technology that may have a bright future. Ceramics are used in many medical applications such as dental restorations and orthopedic procedures. These materials offer a number of advantages such as corrosion resistance, good body response and high mechanical strength. The additive manufacturing process is used in biomedical applications and offers the potential to produce customized ceramics. This allows the creation of new implants and bone substitutes. In addition, it provides a more customized and less expensive solution to patients.

Global Bioceramics Market Trends:

Merger and acquisition in market is a recent trend

Key players are adopting merger and acquisition for market expansion.  For instance, in March 2022, Tata Steel Advanced Materials (TSMAL), an indirect wholly owned subsidiary of Tata Steel, has executed a share purchase cum shareholders' agreement for acquisition of 90% equity stake in bio-ceramics firm Ceramat (CPL).

Rise in income levels has facilitated the repairing of joints in the older generation

One of the major drivers for the global bioceramics market is the rising incidences of osteoarthritis and joint replacement surgeries. Bioceramics are basically used in bone cement. Hence growing number of joint replacement surgeries is expected to augment market growth.

Global Bioceramics Market Restraints:

Stringent clinical and regulatory processes

For instance, The US Food and Drug Administration (FDA) has proposed to reclassify yet another medical device, this time blade-form endosseous dental implants, as class II moderate-risk medical devices capable of being cleared through the 510(k) substantial equivalence process the third such reclassification proposal recently. In other words, devices are considered to be dangerous until proven otherwise.         

Medical polymers as alternative

Increasing use of medical polymers is also hindering the market growth. Nonetheless, research and development activities are expected to provide lucrative opportunities for manufacturers.

Figure 2. Global Bioceramics Market Share (%), By Segment Type, 2022

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Global Bioceramics Market Segmentation:

The global bioceramics market report is segmented into material, type, application, and geography

Based on material, the market is segmented into aluminum oxide, zirconia, calcium phosphate, calcium sulfate, and carbon. Out of which, zirconia is expected to dominate the global market over the forecast period. Zirconia, a highly sought-after bioinert ceramic material, is anticipated to exhibit a rapid growth rate. Moreover, it is used in manufacturing ceramic-based crowns, bridges, and other implant devices. Similarly, hydroxyapatite on cellulose fibers is being used as a reinforcing agent for dental restorations.

Aluminum oxide segment is also expected to witness significant growth in the near future and this is owing to their high density, high strength, good biocompatibility, and superior corrosion and wear resistance properties.

Based on type, the market is segmented into bio-inert, bioactive, and bio-resorbable. Out of which, bio-inert is expected to dominate the global market over the forecast period and this is attributed to their high strength which makes them ideal material for load-bearing body implants applications.

Bioactive segment is also expected to witness significant growth in the near future and this is owing to the increasing use of these ceramics as grafting material for filling of small bones defects and periodontal anomalies. Bioactive materials have the ability to react with the surrounding tissue, forming a hydroxyapatite layer, or they may not.

Based on application, the market is segmented into bio-medical, orthopaedic, and dental. Out of which, orthopaedic is expected to dominate the global market over the forecast period. They are used to help with tissue attachment, bone reconstruction, and musculoskeletal repairs. In addition, they have antibacterial properties which makes them ideal for orthopaedic procedures.

Bio-medical segment is also expected to witness significant growth in the near future. Bioceramics have been used for a wide range of uses, from bone implants to artificial joints. In order to be successful, the materials must be carefully shaped, and a reliable injection molding process must be used.  They have been used to replace bone and dentin, as well as to obliterate sinus cavities and to correct orbital floor fractures. Currently, they are also used in pulp capping and artificial heart valves.

Global Bioceramics Market: Key Developments

In Mar, 2017 BONESUPPORT™ extends United States Distribution Agreement for CERAMENT™, bone void filler with Zimmer Biomet.

In November 2022, ceramic 3D printer and material manufacturer Tethon 3D announced a partnership with composite 3D printing start-up Fortify to develop more technical ceramic materials for 3D printing. This partnership will open the door for ceramic additive manufacturing to penetrate into high-performance applications in demanding sectors like aerospace, medicine, and energy.

In June 2020, Amatec has announced the launch of CAM Bioceramics’ a medical grade ceramic materials with Admaflex DLP 3D printing systems.

Global Bioceramics Market: Key Companies Insights

The global bioceramics market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global bioceramics market are CoorsTek, Inc., Kyocera Corporation, Morgan Advanced Materials, CeramTec, BONESUPPORT, COLLAGEN MATRIX, BERKELEY ADVANCED BIOMATERIALS INC., and CERAMTEC

*Definition: Bioceramics are a special class of ceramics which are designed to interact with biological systems. They are primarily used in the healthcare industry. However, they have also found applications outside the medical field. Bioceramics are often used to construct scaffolds. Scaffolds are structures made of bioceramics that are used to replace tissue. These scaffolds are typically made of calcium phosphates.