Bioceramics Market by Type (Bio-inert, Bio-active, Bio-resorbable), Material Type (Aluminum Oxide, Zirconia, Calcium Phosphate, Calcium Sulfate), Form (Powder, Liquid), Application (Orthopedics, Dental, Biomedical), and Region- Forecast to 2028
Updated on : April 05, 2024
Bioceramics Market
Bioceramics market was valued at USD 7.4 billion in 2023 and is projected to reach USD 10.2 billion by 2028, growing at 6.7% cagr from 2023 to 2028. Bioceramics is a relatively new field; it did not exist until the beginning of the 1970s. The commercialization of bioceramics began to gain momentum in the late 20th century. The commercialization of bioceramics started with the introduction of alumina (aluminum oxide) and zirconia (zirconium dioxide) ceramics for orthopedic implants, such as hip replacements. Companies like Zimmer Biomet, DePuy Synthes, and Stryker began producing and marketing ceramic-based implants for joint replacement surgeries. With advancements in materials science and manufacturing technologies, the commercialization of bioceramics expanded further in the 1900s. Companies invested in research and development to improve the performance, biocompatibility, and longevity of bioceramic products. The commercialization of bioceramics has continued to evolve in the 21st century. Companies are increasingly investing in innovative bioceramic technologies, such as additive manufacturing (3D printing), surface modifications to enhance bioactivity, and nanoscale engineering for improved properties.
The major applications of bioceramics in today’s day and age include orthopedic, dental, and other biomedical applications.
Attractive Opportunities in Bioceramics Market Trends
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Bioceramics Market Dynamics
Driver: Biocompatibility
One of the major drivers of bioceramics in the medical market is aging population. As the global population ages, there is a growing demand for medical solutions to address age-related conditions such as osteoarthritis, osteoporosis, and dental problems. Increasing awareness among patients and healthcare professionals about the benefits of bioceramic materials, such as their biocompatibility, durability, and ability to integrate with natural tissues, is driving demand for bioceramic products in various medical applications.
Restraint: Long-Term Performance and Durability Concerns
While bioceramic materials are known for their biocompatibility and resistance to corrosion, concerns about long-term performance and durability of implants and devices may arise. Although there has been significant progress in the development of bioceramic materials, the range of available materials is still relatively limited compared to other biomaterials. This limitation may restrict the suitability of bioceramics for certain medical applications or patient populations, limiting market opportunities. The production of bioceramic materials often involves sophisticated manufacturing processes, specialized equipment, and quality control measures to ensure biocompatibility and performance. These factors contribute to higher manufacturing costs, which can limit market growth, particularly in price-sensitive markets or for patients without adequate healthcare coverage.
Opportunity: Emerging markets and medical tourism along with sustainable nature.
Growing healthcare infrastructure in emerging markets present opportunities for market expansion in regions such as Asia-Pacific, Latin America, and the Middle East. Additionally, medical tourism trends drive demand for high-quality bioceramic implants and devices in countries offering advanced healthcare services at competitive prices like India, China and Malaysia. Bioceramic materials play a critical role in regenerative medicine and stem cell therapy by providing scaffolds for cell attachment, proliferation, and differentiation. Opportunities exist for developing bioceramic-based products and therapies that harness the regenerative potential of stem cells for tissue repair and organ regeneration.
Challenge: Long term durability and cost considerations
Ensuring the long-term durability, stability, and performance of bioceramic implants and devices over the patient's lifespan is critical for minimizing the risk of implant failure, revision surgeries, and associated healthcare costs. The cost of bioceramic implants and devices, including manufacturing costs, material expenses, and associated healthcare expenditures, can be significant compared to alternative biomaterials. Challenges may arise in achieving cost-effective solutions that balance performance, quality, and affordability while meeting healthcare budget constraints.
Bioceramics Market Ecosystem
Based on the material type, the calcium phosphate segment is estimated to be the fastest-growing type during the forecast period in terms of value.
Calcium phosphate is often combined with phosphopeptide to form products such as recaldent and tooth mousse, which are applied directly to teeth to aid in remineralization and reduce sensitivity. The material has shown significant effects on biomineralization and has promising applications in drug delivery and bone therapy. Its unique properties, such as high capacity for drug loading and controlled release, make it suitable for these applications.
Based on the type, the bio-active segment is estimated to be the fastest-growing type during the forecast period, in terms of value.
When implanted, bioactive ceramics stimulate healing and trigger the response of the tissue system. Bio-active ceramics are largely used to repair bone damage owing to their compatibility with living bone. These ceramics are osteoconductive and form a bone-like apatite through a chemical reaction with surrounding body fluids. These ceramics interact with the body so that tissue bonding and further integration into the body occur over time.
Based on application, the orthopedic application segment is anticipated to register the second-highest CAGR in bioceramics market.
Bioceramics are commonly used in orthopedic applications due to several advantageous properties that make them suitable for this field. Bioceramics are biocompatible materials, meaning they are well-tolerated by the body and elicit minimal immune response or rejection when implanted into living tissue. This property is crucial for orthopedic implants, as they need to integrate seamlessly with bone tissue without causing adverse reactions. Some bioceramics are bio-active, meaning they have the ability to chemically bond with bone tissue and stimulate bone regeneration.
Europe to be the second-largest market for Bioceramics during the forecast period, in terms of value.
The European bioceramics market is a mature market. Currently, bioceramics are increasingly used to produce orthopedic and dental implants. There is a forecasted growth of opportunities in the medical industry in the European market due to the biocompatible nature of the material and increasing change in the consumer behavior.
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Bioceramics Market Players
The bioceramic market is dominated by a few globally established players,Coorstek, Inc . (US), Kyocera Corporation (Japan), Morgan Advanced Materials Plc (UK), CeramTec GmbH (Germany), Tosoh Ceramics Co., Ltd. (Japan), Institut Straumann AG (Switzerland), Berkeley Advanced Biomaterials Inc. (US), DSM (Netherlands), CTL Amedica (US), and 3M (US). among others, are the main producers in the global market.
These companies are attempting to establish themselves in the bioceramic market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major bioceramic market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.
Bioceramics Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2022 |
USD 7.1 Billion |
|
Revenue Forecast in 2028 |
USD 10.2 Billion |
|
CAGR |
6.7% |
|
Market size available for years |
2018–2028 |
|
Base year considered |
2022 |
|
Forecast period |
2023–2028 |
|
Units considered |
Value (USD Million), Volume (Kiloton) |
|
Segments Covered |
By Type, By Form, By Material Type, By Application, By Region |
|
Geographies covered |
Europe, North America, Asia Pacific, Latin America, Middle East, and Africa |
|
Companies covered |
Coorstek, Inc. (US), Kyocera Corporation (Japan), Morgan Advanced Materials Plc (UK), CeramTec GmbH (Germany), Tosoh Ceramics Co., Ltd. (Japan), Institut Straumann AG (Switzerland), Berkeley Advanced Biomaterials Inc. (US), DSM (Netherlands), CTL Amedica (US), and 3M (US). |
The study categorizes the bioceramics market based on Type, Application, and Region.
Bioceramics Market by Type
- Bio-inert
- Bio-active
- Bio-resorbable
Bioceramics Market by Material Type
- Aluminum Oxide
- Zirconia
- Calcium Phosphate
- Calcium Sulfate
- Bio-active Glass
- Others (Carbon, Silicon Nitride, Boron Nitride, Barium Titanate)
Bioceramics Market by Application
- Orthopedic
- Dental
- Bio-medical
Bioceramics Market by Form
- Powder
- Liquid
Bioceramics Market by Region
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
Recent Developments in Bioceramics Market
- In January 2021, The CeramTec Group had announced the acquisition of the Swiss specialist for ceramic dental implants, Dentalpoint AG.
- In May 2021, CeramTec GmbH launched BIOLOX Contura, femoral heads that retain the outer diameter profile of conventional implants and incorporate a contoured shoulder with a lesser radius.
- In August 2021, Kyocera Corporation announced that it has entered into an agreement with Osteon Digital Japan Co., Ltd. for continuous sales transactions, and will begin sales of customized dental prostheses for implants utilizing Implant Solutions digital technology starting in September 2021.
- In December 2021, Tosoh Ceramics Co., Ltd. introduced Zgaia, a next-gen, higher grade zirconia powder developed to achieve a perfect balance of high fracture toughness and high bending strength that opens a new world of applications.
- In June 2022, CoorsTek, announced the expansion of the Advanced Materials Processing (AMP) center at its Benton, Arkansas facility.
- In August 2023, Smith + Nephew launched OR3O Dual Mobility System in India for use in primary and revision hip arthroplasty.
- In September 2023, Straumann Group acquired AlliedStar to complement its intraoral scanner portfolio across different price points and expand market access of its digital solutions.
Frequently Asked Questions (FAQ):
Which are the major companies in the Bioceramic market? What are their major strategies to strengthen their market presence?
Some of the key players in the Bioceramic market are Coorstek, Inc. (US), Kyocera Corporation (Japan), Morgan Advanced Materials Plc (UK), CeramTec GmbH (Germany), Tosoh Ceramics Co., Ltd. (Japan), Institut Straumann AG (Switzerland), Berkeley Advanced Biomaterials Inc. (US), DSM (Netherlands), CTL Amedica (US), and 3M (US).
What are the drivers and opportunities for the Bioceramics market?
Biocompatibility is one of the major drivers of the bioceramics market and one of the major opportunities lies in medical tourism for Asia Pacific region.
Which region is expected to hold the highest market share?
North America, Asia Pacific, and Europe’s bioceramics market has been experiencing growth and significant industry demand.
What is the total CAGR expected to be recorded for the bioceramics market during 2023-2028?
The CAGR is expected to record a CAGR of 6.7 % from 2023-2028.
How is the bioceramics market aligned?
The market is growing at a significant pace. The market is a potential market, and many manufacturers are planning business strategies to expand their existing business. .
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The study involves two major activities in estimating the current market size for the bioceramics market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering bioceramic products and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the bioceramic market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the bioceramics market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from bioceramic industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using bioceramic products were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of bioceramic and outlook of their business which will affect the overall market.
The Breakup of Primary Research:
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Market Size Estimation
The research methodology used to estimate the size of the bioceramics market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in bioceramic products in different applications at a regional level. Such procurements provide information on the demand aspects of the bioceramic industry for each application. For each application, all possible segments of the bioceramics market were integrated and mapped.
Bioceramics Market Size: Botton Up Approach
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Bioceramics Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
The bioceramics are biocompatible materials and used for repairing or replacing damaged bone tissues, as well as other medical applications such as dental implants, joint replacements, pacemakers, kidney dialysis machines, and respirators. Bioceramics can be composed of various materials and dopants to achieve specific properties, such as zirconia, alumina, hydroxyapatite, and bioactive glasses. The market is driven by factors such as increasing demand in medical applications, rising healthcare expenditure, growing geriatric population, increasing research and development activities, and geographical factors. The bioceramics market is segmented by material type, form, type, application, and geography, with major players including CoorsTek Inc., DSM, KYOCERA Corporation, and CeramTec GmbH. The market is expected to continue expanding in the coming years, driven by technological advancements, changing consumer behaviors, regulatory shifts, and global trends.
Key Stakeholders
- Bioceramic Manufacturers
- Raw Materials Suppliers
- Distributors and Suppliers
- End-use Industries
- Industry Associations
- R&D Institutions
- Environment Support Agencies
Report Objectives
- To define, describe, and forecast the bioceramic market size in terms of volume and value.
- To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
- To analyze and project the global bioceramics market by type, form, material type, application, and region.
- To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and analyze the significant region-specific trends.
- To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
- To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
- To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape.
- To strategically profile the key market players and comprehensively analyze their core competencies.
Available Customizations
MarketsandMarkets offers following customizations for this market report:
- Additional country-level analysis of the bioceramic market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company's market.
Growth opportunities and latent adjacency in Bioceramics Market