Bioceramics Market worth $10.2 billion by 2028 | Key players CeramTec GmbH (Germany), Tosoh Ceramics Co., Ltd. (Japan), Institut Straumann AG (Switzerland).

According to recent market research the " 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", is estimated at USD 7.4 billion in 2023 and is projected to reach USD 10.2 billion by 2028, at a CAGR of 6.7 % from 2023 to 2028. Bioceramics are a class of ceramic materials that are biocompatible and used for repairing or replacing damaged bone tissues. Bioceramics range in biocompatibility from the ceramic oxides, which are inert in the body, to the other extreme of resorbable materials, which are eventually replaced by the body after they have assisted repair. Bioceramics are used in many types of medical procedures, including dental and bone implants, joint replacements, pacemakers, kidney dialysis machines, and respirators. Bioceramics can be modelled to precise shapes and their compositions can be tailored to enhance specific properties.

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Zirconia is one of the four most popular bioceramics in the world. Zirconia can be composed of various materials and dopants to achieve specific properties. The most common zirconia compositions are yttria-stabilized tetragonal zirconia polycrystalline material, which contains yttria as a stabilizing agent. Zirconium dioxide is a very strong technical ceramic with excellent properties in hardness, fracture toughness, and corrosion resistance. The material is highly biocompatible and hence it is used widely in orthopedic, dental, and other biomedical applications.

Global bioceramics market has been segmented based on the types, into bio-active, bio-inert, and bio-resorbable. In 2022, bio-active type dominated the market in terms of value. Bioactive materials are widely used in dental industry as bulk, active layers on dental implants, or as morphogenetically active scaffolds. Hydroxyapatite, bio-active glass, tricalcium phosphate are some of the major materials get used in bio-active bioceramics. They posseses good biocompatibility, durability and osteoconductive nature.

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In North America, the driving forces of the bioceramics market include rising demand for medical applications. The demand for bioceramics in medical applications, particularly in orthopedics, tissue engineering, and dentistry, is bolstering the growth prospects in North America. Anticipated demand in the coming years is expected to be driven by specific factors, such as technological advancements, which are likely to shape the industry. There is a change in the consumer behavior as well, the consumers are now shifting towards adopting bioresorbable and bioactive materials to facilitate the healing of the body's bones and tissues. Bioceramics are one of the materials in the medical industry that can satisfy this demand. Hence, changing consumer behaviour has been a driving factor in North America and will continue to be in the forecasted years.

Prominent companies in the bioceramic market include 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).

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CeramTec GmbH is a manufacturer as well as a supplier of bioceramics and advanced ceramics, the company has a rich history dating back to 1903, when it was established. CeramTec operates in medical market and industrial market segments. Under these segments the company produces a wide product range, including aluminum substrates, bearing rollers, circuit boards, fuel cells, hip joints, milling tools, pressure sensors, and various other bioceramic products. CeramTec GmbH had a headcount of 3,680 employees and reported a revenue of USD 769.2 million in December 2022. The company's products are available in countries all over the world and Europe accounts for the largest share of revenue earned by the company from a particular region.

Institut Straumann AG is a part of the Straumann Group, the company is a global leader in tooth replacement and orthodontic solutions. Straumann is headquartered in Basel, Switzerland and was established in the year 1954. The company operates under three major segments i.e. General Dentist, Laboratory, and Specialist segment. Under these segments the company develops, manufactures, and markets a wide range of bio ceramic products used in the dental industry, including dental implants, instruments, digital equipment, CAD/CAM prosthetics, dental biomaterials, and clear aligners for tooth replacement, restoration, and prevention of tooth loss. The company had a head count of 10,400 employees and revenue of USD 2,410.6 million in December 2022. Straumann's products are available all around the globe and Europe, Middle East and Africa account for the largest share of revenue earned by the company from regions all around the world.

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