Global Bioceramics Market is Estimated to Reach $27.3 Billion by 2025, Says Accurize Market Research
Global Bioceramics Market report published by Accurize Market Research forecast that the global market is expected to reach $27.3 billion by 2025; growing at a CAGR of 7.0% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Nutritional benefits such as low cholesterol content, great protein content, and rising consumer preference for a vegan diet to drive the growth of the market
Rising number of implant surgeries and knee & hip joint substitutes, availability of alternative for metals, and growth in healthcare industry fuels the demand for the global bioceramics market. Furthermore, research and development of nanotechnology in bioceramics also boosts the growth of the market.
Market Segmentation
The global bioceramics market has been bifurcated on the basis of material, type, application, and geography. The material segment comprises calcium sulfate, aluminum oxide, zirconium, calcium phosphate, glass, and carbon. Type segment contains bioactive, bio-inert, and bioresorbable. Further, market is bifurcated by application into dental implants, bone implants, surgical instruments & diagnostic instruments.
By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe consists of UK, Russia, Germany, France and Rest of Europe. Asia-Pacific is segmented into China, Japan, India and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
“Aluminum oxide accounted for the leading market share in the material segment”, says Accurize
In the source segment, Aluminum oxide accounted for the largest market share in 2017 and is expected to continue its dominance during the forecast period 2017 – 2025. Bio-inert accounted for the major market share in 2017, in the type segment, and is anticipated to continue its dominance during the forecast period 2017 – 2025. The growth is attributed to the fact that bio-inert ceramics are high strength ceramics, used in load-bearing body implants.
“North America dominated the global market with the highest market revenue over the forecast period", says Accurize
North America dominated the market with highest market revenue acquiring around 49% of the total market share in 2017 and expected to continue its dominance during the forecasted period. The growth is accredited to growing R&D activities coupled with growing consumer demand in the region. Additionally, change in demographics in North America has resulted in rising demand for health care accommodations.
Top players in the market
The key market players include InstitutStraumann AG, CoorsTek Medical LLC, Zimmer Biomet, CeramTec, Amedica Corporation, DePuySynthes, CAM Bioceramics B.V., Doceram Medical, H.C. Starck GmbH, and Nobel Biocare Services AG, among others.
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