With the increasing number of the dental and orthopedic implants, demand for the bioceramics and hydroxyapatite continues to remain high among the manufacturers. As bioceramics and hydroxyapatite continue to remain an important component in the production of the dental and orthopedic implants they are also known as medical ceramics. Aluminum oxide, zirconia, calcium phosphate (tricalcium phosphate, hydroxyapatite) and bioglass are witnessed to be the most commonly used bioceramics. These are mostly oxides, carbides or nitrides based and have excellent biocompatibility.
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Leading manufacturers also prefer investing in bioceramics and hydroxyapatite as an important component in the production of various implants. Attributed to enhanced features such as improved biocompatibility, demand for bioceramics and hydroxyapatite continues to remain high among the leading manufacturers. However, low mechanical strength of hydroxyapatite has restricted its application to coating of the metal implants to trick the body and also gain the strength of the metal. The living tissues comes in contact with only bio-active material such as hydroxyapatite while the inner part of implant has high strength of metal. Sales revenue of bioceramics and hydroxyapatite is expected to be nearly 2,243.8 Mn in 2018. By the end of the forecast period, the global Bioceramics and Hydroxyapatite Market is projected to reach a value of US$ 4,390.1 Mn, recording a CAGR of 6.9%.
With the growing need for developing effective and durable orthopedic and dental implants, manufacturers prefer utilizing bioceramics and hydroxyapatite attributed to its biocompatibility, chemical and thermal stability, and high mechanical strength. However, health concerns pertaining to the use of materials such as titanium among end-user industries have encouraged manufacturers to opt for zirconia-based implants. Unlike the titanium-based implants, zirconia-based implants have corrosion-resistant and durable features. These implants are white colored ceramic material and have comparatively better biocompatibility.
Increasing production of the dental implants, hip, joints, and knee replacements are projected to fuel demand for bioceramics and hydroxyapatite over the forecast period. Production of implants per capita has exhibited exponential growth over the past years. In addition, increasing old age population, accident cases, and improper dental care have contributed towards growth of the global bioceramics and hydroxyapatite market globally. Bound to these factors, growth of the global bioceramics and hydroxyapatite market is expected to remain positive over the forecast period.
There has been an increase in the percentage of the aging population, which are prone to risks related to various diseases such as osteoarthritis, knee, joint and hip problems, tooth decay amongst others. Aging population coupled with other factors such as increasing number of accidents, bad eating habits leading to tooth decay amongst others are projected to drive demand for bioceramics and hydroxyapatite over the forecast period.
Production of implantable electronic devices, tissue engineering solutions, wound healing equipment, and medical and diagnostic tools are also likely to broaden the scope of growth opportunities for the global bioceramics and hydroxyapatite market over the forecast period.
However, availability of bioceramics and hydroxyapatite at premium prices and lack of consumer awareness is expected to restrain the overall market growth. Moreover, due to lack of resources in developing countries of Asia has led manufacturers to mainly develop metal-based implants. Attributed to these factors, the global bioceramics and hydroxyapatite market is expected to face headwinds over the coming years.
To sustain in the competitive bioceramics and hydroxyapatite market, leading companies are focusing on expanding their footprints globally and signing long-term supply contracts with the implants manufacturers. Ho
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The global bioceramics and hydroxyapatite market is segmented on the basis of material type, type, application, and region. On the basis of material type, the global bioceramics and hydroxyapatite market is segmented as aluminum oxide, zirconia, calcium phosphate and others (bioglass and carbon). Based on the type, the global bioceramics and hydroxyapatite market can be segmented into bio-active, bio-inert, and bio-resorbable. On the basis of application, the bioceramics and hydroxyapatite market can further be segmented into dental implants, orthopedic implants, implantable electronic devices, and others.
Besides these segments, the global hydroxyapatite market is segmented in terms of grade and application. On the basis of grade, the global hydroxyapatite market is segmented as medical grade, research grade, and cosmetic grade. Based on application, the global hydroxyapatite market is segmented as dental implants, orthopedic implants, biochemical research, and others (tissue engineering and wound healing) applications. On the basis of region, the global bioceramics and hydroxyapatite market is segmented as North America, Latin America, Eastern Europe, Western Europe, SEA (South East Asia) and Pacific, China, India, Japan and the Middle East and Africa (MEA).
On the basis of material type, the global bioceramics and hydroxyapatite market is expected to be dominated by aluminum oxide segment. With the growing need for orthopedic implants with improved biocompatibility and mechanical strength, demand for bioceramics is likely to persist over the forecast period. Bound to these factors, these bio-inert materials are likely to witness moderate growth over the forecast period. However, bio-active materials such as calcium phosphate predominantly hydroxyapatite are expected to witness significant growth over the forecast period in the bioceramics and hydroxyapatite market.
On the basis of type, the bio-active materials are projected to witness robust growth in the global bioceramics and hydroxyapatite market. Bio-active materials are increasingly used for developing treatment solutions that promote bone growth as they form bonds and interact with the living tissues of the body. Bound to these factors, the bio-active materials are projected to gain significant share in the bioceramics and hydroxyapatite market over the forecast period. Based on the material type, bio-resorb able materials such as bioglass are projected to witness moderate growth during the forecast period. Depending upon the rate of resorption and release of ions, they can create chemical gradients with specific biological actions over cells and tissue. As they actively participate in the metabolic processes of the body, demand for bio-resorbable materials is likely to remain high growth in the healthcare industry.
In terms of application, the orthopedic implants such as the knee, hip, and joint replacements are projected to hold dominant share throughout the forecast period. Increasing geriatric population has further fuelled demand for bioceramics and hydroxyapatite among the orthopedic implants manufacturers. Dental implants are projected to witness a significant growth in the bioceramics and hydroxyapatite market over the forecast period, recording a CAGR of 6.9% over the forecast period.
From a regional perspective, North America is projected to dominate the global bioceramics and hydroxyapatite market throughout the forecast period. Production base of this region accommodates a number of leading manufacturers. Due to the presence of leading companies in North America, the region is a major supplier of the bioceramics and hydroxyapatite to various countries globally. Of various countries in Asia, China is projected to witness the highest growth with significant growth opportunities to be created in the latter half of the forecast period. ASEAN, India and other Asian countries are mainly dependent on the imports of bioceramics from the U.S., Europe, and Asian countries such as Japan. Therefore a number of manufacturers are planning to strategically invest to expand the sales and production footprints in these countries.
Besides these regions, Europe holds nearly 30% of the share in the global bioceramics and hydroxyapatite market. Among various countries in Europe, Germany is likely to witness a significant demand for bioceramics and hydroxyapatite. However, Latin America and MEA are projected to remain low volume high growth regions in the global bioceramics and hydroxyapatite market over the forecast period.
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