Global
bioceramics market is expected to reach USD 19.05 billion by 2022, according to
a new report by Radiant Insights, 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.
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Full Report with TOC @ http://www.radiantinsights.com/research/bioceramics-market
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.
Further
key findings from the study 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.
About Us
Radiant Insights is a platform for companies looking to meet their
market research and business intelligence requirements. We assist and
facilitate organizations and individuals procure market research reports,
helping them in the decision making process. We have a comprehensive collection
of reports, covering over 40 key industries and a host of micro markets. In
addition to over extensive database of reports, our experienced research
coordinators also offer a host of ancillary services such as, research
partnerships/ tie-ups and customized research solutions.
For more information visit: Radiant
Insights
Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
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