LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global bioceramics market is expected to grow at a CAGR of more than 6% during the forecast period.
This research report titled ‘Global Bioceramics Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
Bioceramics are biocompatible because of properties such as wear resistance and light weight. These properties make them suitable for various application involving the repair and replacement of diseased and damaged parts of the musculoskeletal system. Therefore, the growing demand for bioceramics in dental and orthopedic applications is driving the growth of the market. The increased demand from emerging economies will boost the growth of the market during the forecast period.
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The market research analysis categorizes the global bioceramics market into three major application segments. They are:
- Dental
- Orthopedics
- Others
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Global bioceramics market for dental applications
The global bioceramics market for dental applications will grow at a fast pace during the forecast period, owing to the increasing demand for ceramic-based crowns and bridges in most dental applications. Bioceramic bridges and crowns closely resemble the original teeth crowns, thereby attracting customers to choose these materials for dental implants. These are also used to fabricate inlays and onlays for all parts of the jaw.
“The lack of adequate nutrition in diet and changing food habits among the youth have led to increase in dental caries and damage to the overall teeth health. These problems have, in turn, increased the demand for dental crowns, bridges, and bristles, leading to an increase in demand for bioceramics,” says Ajay Adikhari, a lead analyst at Technavio for bio-chemicals and bio-materials research.
Global bioceramics market for orthopedic applications
The global bioceramics market for orthopedic applications is anticipated to grow steadily during the forecast period, owing to the expanding geriatric population base and the increasing occurrences of osteoarthritis. The expanding aging population base has led to an increase in the number of people undergoing joint replacement surgery, such as total knee and hip replacement.
“The growing demand for knee, shoulder, and hip implants will fuel the market's growth over the next five years. Other factors augmenting the growth of the global bioceramics market for orthopedic applications are increasing instances of work-related musculoskeletal disorders and increasing awareness of minimally invasive procedures. Minimally invasive techniques and partial joint replacements are expected to attract new opportunities for the market during the forecast period,” says Ajay.
Global bioceramics market for other applications
The growth of the global bioceramics market for other applications can be attributed to the current progression in medical technology and services. The others segment includes cardiovascular, bio-medical, drug delivery systems, and tissue engineering. The prevalence of inactive lifestyles is leading to chronic heart diseases and high incidence of cardiac diseases.
Technological advances, increasing demand for biologics, prevalence of chronic diseases, and new product launches are some of the major factors which will drive the growth of the global bioceramics market in the drug delivery system market during the forecast period. There is a continuous increase in the demand for bioceramics because of the development of biomimetic composites and methods to produce customized nanoceramics.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Carborundum Universal
- CeramTec
- Royal DSM
- Sagemax Bioceramics
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