Bioceramics Market To Cross $19.05 Billion By 2022: Grand View Research, Inc.
Global bioceramics market is expected to reach USD 19.05
billion by 2022, according to a new report by Grand View Research, Inc. Rising
ageing population coupled with increasing occurrences of osteoarthritis is
expected to augment market growth over the next seven years. Growing need to
maintain a healthy lifestyle coupled with introduction of new low cost
preventive care measures has led to the utilization of medical devices, which
is expected to augment expansion of the industry.
Alumina dominated the global market, in terms of
material, accounting for over 62% in 2014. Bioinertness, hardness and high
abrasion resistance are some of its qualities, resulting in the extensive use
of alumina implants for dental and joint applications. Growing demand for
biocompatible materials to increase acceptance by the patients’ body as well as
reduce the occurrence of infections post surgery is expected to augment demand
for alumina over the forecast period.
Full
Research Report On Global Bioceramics Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/bioceramics-market
www.grandviewresearch.com/industry-analysis/bioceramics-market
Further
key findings from the report suggest:
- Global bioceramics market demand was USD 12.31
billion in 2014 and is expected to reach USD 19.05 billion by 2022,
growing at a CAGR of 6.2% from 2015 to 2022.
- Rising ageing population in developed economies
has been a major factor for positive growth over the past few years and
this trend is likely to continue in the near future. Increasing trend of
early surgical intervention by doctors in case of joint replacements has
resulted in growing demand for knee, shoulder and hip implants. This will
result in increasing penetration of bioceramics in the orthopedic sector
generating revenues worth USD 7.87 billion by 2022.
- Advancements in medical technology and demand
for sophisticated medical services & devices are expected to augment
demand for bioceramics over the forecast period. Changing food consumption
patterns among younger population coupled with lack of nutrition in diet
have contributed towards cavity formation and damaged tooth health. This
has led to increasing demand for dental crowns, bridges, and bristles
which has eventually contributed towards increasing penetration of
bioceramics in dental care.
- Europe was the largest market and is expected
to witness gains at a CAGR of 5.7% from 2015 to 2022. Positive outlook
towards the orthopedic sector, mainly in Germany, is expected to drive
market growth.
- Key industry players including CeramTec,
Amedica Corporation, Zimmer Biomet Holdings, Inc, DOCERAM Medical Ceramics
GmbH, Straumann, Nobel Biocare and CoorsTek Medical, LLC. These companies
are investing heavily in research and development activities of
bioceramics materials. Companies such as CIRTEC Medical Systems perform
thermal shock testing of brazed and ceramic components which help in
making robust designs. In addition, the company is also using x-ray and
dye penetration technology to evaluate various ceramic components.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the global bioceramics market on the
basis of material, application and region:
Global
Bioceramics Material Outlook (Revenue, USD Million, 2012 - 2022)
- Alumina
- Zirconia
- Others
Global
Bioceramics Application Outlook (Revenue, USD Million, 2012 - 2022)
- Dental
- Orthopedic
- Others
Global
Bioceramics Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- Asia
Pacific
- Japan
- China
- RoW
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-bioceramics-market
www.grandviewresearch.com/press-release/global-bioceramics-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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