|
Forecast Period
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2024-2028
|
|
Market Size (2022)
|
USD17.43 billion
|
|
CAGR (2023-2028)
|
4.73%
|
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Fastest Growing Segment
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Orthopedic Implants
|
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Largest Market
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Asia Pacific
|
Market Overview
Global Bioceramics and Piezoceramics
Market has valued at USD 17.43 billion in 2022 and is anticipated to project
robust growth in the forecast period with a CAGR of 4.73% through 2028. The
global bioceramics and piezoceramics market is experiencing a remarkable surge
in growth, primarily fueled by the escalating demand from the healthcare
industry. This upward trajectory can be attributed to several factors,
including the expanding geriatric population, remarkable advancements in technology,
and the rising prevalence of chronic diseases across the globe.
Bioceramics and piezoceramics, as
ceramic materials specifically tailored for medical and dental applications,
exhibit exceptional biocompatibility, and possess a unique property of changing
shape when subjected to an electric voltage. These remarkable characteristics
make them highly suitable for a wide range of applications, including
orthopedic implants, dental procedures, and diagnostic and therapeutic
equipment, further contributing to the market's growth.
Witnessing a significant share, the Asia
Pacific region stands out as a key player in the global market, driven by the
implementation of numerous healthcare policies and the continuous development
of the healthcare sector. As the demand for advanced healthcare solutions
continues to rise on a global scale, the demand for bioceramics and
piezoceramics is expected to follow suit, propelling the market's growth in the
foreseeable future.
In conclusion, the global bioceramics
and piezoceramics market is currently on a robust growth trajectory, primarily
driven by the increasing demand within the healthcare industry. With ongoing
technological advancements and the continual growth of the geriatric
population, this upward trend is expected to persist, driving the market
forward in the coming years and paving the way for further innovation and
development in the field.
Key Market Drivers
Growing
Demand of Bioceramics and Piezoceramics from Healthcare Industry
Bioceramics are specialized ceramic
materials designed specifically for medical and dental applications. These
materials, including alumina, zirconia, calcium phosphate, glass-ceramics, and
bioactive glass, possess remarkable biocompatibility and can effectively
replace hard tissues in the body, such as bone and teeth.
On the other hand, piezoceramics exhibit
a unique property of changing shape when subjected to an electric voltage,
making them highly suitable for use in a wide range of electronic devices.
Within the healthcare industry, these materials find application in ultrasound
machines and other diagnostic and therapeutic equipment.
As the global population continues to
age, there is an increasing demand for orthopedic and dental implants.
Bioceramics, with their biocompatible nature and resemblance to natural bone,
emerge as an excellent choice for such implants.
Furthermore, advancements in technology
have paved the way for the development of more efficient and versatile
bioceramic and piezoceramic materials, expanding their potential applications
within the healthcare sector.
Moreover, the growing prevalence of
chronic diseases like osteoporosis and arthritis has contributed to the rising
demand for bioceramics in orthopedic surgeries. Additionally, the unique
properties of piezoceramics make them ideal for use in diverse diagnostic and
therapeutic equipment, which drives up their demand within the healthcare
industry.
In conclusion, the escalating demand for
bioceramics and piezoceramics in the healthcare sector acts as a significant
driver for the global bioceramics and piezoceramics market. With an increasing
geriatric population, continuous technological advancements, and a rising
prevalence of chronic diseases, this demand is expected to witness steady
growth in the coming years.
Growing
Demand of Bioceramics and Piezoceramics from Electronic Industry
The electronic industry's demand for
these materials is driven by the need for more efficient and reliable
components in devices. Bioceramics and piezoceramics, renowned for their
excellent dielectric, piezoelectric, and magnetic properties, are highly sought
after for their versatile applications in capacitors, transducers, actuators,
sensors, and a wide range of other electronic components. The utilization of
these materials not only enhances performance of electronic devices but also
contributes the performance of electronic devices but also contributes
significantly to the development of advanced electronic solutions,
revolutionizing various industries.
In the rapidly growing Asia-Pacific
region, a global hub for electronics manufacturing, the demand for bioceramics
and piezoceramics has reached new heights. This surge in demand can be
attributed to the region's comprehensive electronics industry, bolstered by
favorable government policies that support market growth. With its strong
presence and advancements in technology, the Asia-Pacific region continues to
dominate the bioceramics and piezoceramics market, catering to the evolving
needs of industries worldwide.
In conclusion, the increasing demand for
bioceramics and piezoceramics from the electronics industry is a significant
driving force behind the global market's growth. As technological advancements
continue to unfold and the need for high-performance electronic devices
escalates, the demand for these materials is expected to surge even further,
propelling the market's growth in the coming years. The continuous innovation
and integration of bioceramics and piezoceramics into electronic systems will
undoubtedly shape the future of the industry, unlocking new possibilities and
revolutionizing the way we interact with electronic devices.
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Key Market Challenges
Complexities
Related with Biocompatibility and Long-Term Safety
Bioceramics and piezoceramics have
gained widespread usage in various medical applications due to their
exceptional biocompatibility. These materials possess remarkable properties
such as being non-toxic, non-inflammatory, non-allergic, and non-carcinogenic,
making them highly suitable for bone tissue applications. However, despite
these numerous advantages, ensuring consistent biocompatibility remains an
intricate challenge that necessitates careful consideration.
The interaction between these
biomaterials and the human body is a critical aspect that demands thorough
examination. After defining the concepts of biomaterial and biocompatibility,
it becomes crucial to delve into other key aspects of the material-host
interaction, such as bioactivity. Any potential adverse reactions resulting
from this interaction can lead to severe complications, posing a significant
risk to patient safety.
While the demand for advanced medical
implants and devices continues to drive the growth of the nanostructured
bioceramics market, concerns about the long-term safety of these materials
persist. It is worth noting that these ceramics are often implanted into the
human body, remaining there for the lifetime of the patient. Therefore, gaining
a comprehensive understanding of the potential long-term effects of these
materials on human health is of utmost importance.
One of the critical concerns in this
field is the stability of these materials when stored for an extended period.
For instance, composites that incorporate extracellular matrix proteins may not
exhibit high stability during long-term storage. Overcoming this disadvantage
requires further research and development efforts to ensure the maintenance of
material integrity and functionality.
Moreover, the long-lasting and
selectively-active nature of biomaterials has the potential to address various
healthcare challenges. However, guaranteeing this longevity without
compromising safety remains a complex and multifaceted issue that demands more
in-depth exploration and understanding. By investing in comprehensive research
and continuous advancements, we can unlock the full potential of these
remarkable materials while ensuring the utmost safety for patients and
healthcare practitioners alike.
High
Cost of Production
Bioceramics and piezoceramics are highly
specialized materials, renowned for their exceptional properties that render
them ideal for a wide range of applications, particularly in the ever-evolving
healthcare sector. However, the production of these ceramics entails intricate
and costly processes, necessitating careful consideration.
The manufacturing process of bioceramics
and piezoceramics involves a series of meticulous steps, beginning with
purification to eliminate impurities and enhance the material's quality.
Following purification, calcination is performed to achieve the desired
chemical composition and crystal structure. Subsequently, grinding is carried
out to refine the ceramic particles, ensuring optimal homogeneity and
smoothness. The next step involves pressing the ceramic powder to shape it into
the desired form, such as discs, rods, or complex geometries. Finally,
high-temperature sintering is conducted to impart the necessary strength and
durability to the ceramics.
These manufacturing steps demand
significant energy consumption and necessitate the usage of sophisticated and
expensive equipment. Consequently, the production costs associated with
bioceramics and piezoceramics can be notably high. Furthermore, the raw
materials employed in the production process, including alumina, zirconia,
hydroxyapatite, and various rare elements, are themselves quite expensive,
further escalating the overall production costs.
The elevated production costs directly
influence the pricing of the final products, rendering them less affordable for
end-users, particularly in developing countries. This affordability gap has the
potential to impede the growth of the market, as the high costs may limit the
accessibility and adoption rate of these remarkable materials.
Moreover, the high cost of production
also creates formidable barriers to entry for new players in the market. This,
in turn, leads to reduced competition and may hinder the development of
innovative and cost-effective solutions, thereby impacting the overall growth
of the bioceramics and piezoceramics market.
Key Market Trends
Growing
Advancements in Material Design
Bioceramics and piezoceramics are
ceramic materials with unique properties that make them highly suitable for a
wide range of applications, particularly in the healthcare sector. Recent
advancements in material design have further enhanced these properties,
resulting in improved performance, and expanded applications.
For instance, the introduction of new
manufacturing techniques has allowed for the production of bioceramics and
piezoceramics with precise shapes and sizes. This level of precision enables
better fit and function in applications such as dental and orthopedic implants.
Moreover, the field of nanotechnology has played a significant role in the
development of nanostructured bioceramics. These nanostructured materials
exhibit superior mechanical strength and bioactivity compared to their
traditional counterparts.
The increasing advancements in material
design have significantly broadened the application range of bioceramics and
piezoceramics, leading to a growing demand in various sectors. In the
healthcare industry, these materials are increasingly utilized in dental and
orthopedic implants due to their enhanced bioactivity and biocompatibility.
Furthermore, the improved material properties have also paved the way for the
integration of these ceramics in electronic devices. Advanced piezoceramics,
for example, are extensively used in a wide array of applications such as
sensors, actuators, and transducers due to their improved piezoelectric
properties.
The continuous evolution of technology
and material design has attracted new players to the bioceramics and
piezoceramics market, fostering healthy competition and driving innovation.
This trend is expected to persist in the future, further propelling market
growth.
In conclusion, the ongoing advancements
in material design represent a significant trend in the global bioceramics and
piezoceramics market. These advancements have not only improved the properties
of these materials but have also expanded their applications, attracting new
participants to the market. As technology continues to evolve, we anticipate
further advancements in material design, which will undoubtedly fuel the growth
of the bioceramics and piezoceramics market in the coming years.
Segmental Insights
Material
Insights
Based on the category of material, the bio-inert
ceramics segment emerged as the dominant player in the global market for bioceramics
and piezoceramics in 2022. These ceramics exhibit exceptional resistance to
corrosion and wear, making them highly durable and long-lasting. Additionally,
their biocompatibility ensures that they do not provoke any inflammatory
reactions when implanted in the human body, making them ideal for medical
applications. By providing a stable and robust platform for tissue growth and
repair, these ceramics contribute to the successful integration of implants,
promoting healing and enhancing patient outcomes.
Application
Insights
The orthopedic implants segment is
projected to experience rapid growth during the forecast period. In the medical
and healthcare sector, bioceramics and piezoceramics, known for their
exceptional bonding properties, are widely utilized as implants in orthopedic
surgeries. These advanced materials have revolutionized the field, providing
strong and durable solutions for patients in need.
As the global population ages and the
prevalence of acute and chronic trauma cases continues to rise, the demand for
orthopedic surgeries has witnessed a significant surge. According to a recent
report published by the America Academy of Orthopedic Surgeons, the number of
orthopedic surgeries in 2021 increased by a remarkable 18.3% compared to the
previous year.
Moreover, data from the Organization for
Economic Co-operation and Development reveals that in 2019, Germany alone
witnessed a 3.2% increase in the number of hip replacement surgeries, reaching
a staggering figure of 244,590. These statistics highlight the growing need for
effective and long-lasting solutions in the orthopedic field.
Given the rising trend in orthopedic
surgeries, it is anticipated that the demand and utilization of bioceramics and
piezoceramics for implant applications will continue to grow, fostering market
expansion in the medical and healthcare sector. The remarkable properties of
these materials, combined with their compatibility and effectiveness, make them
a promising choice to meet the evolving needs of patients and surgeons alike.
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Regional Insights
Asia Pacific emerged as the
dominant player in the global bioceramics and piezoceramics Market in 2022,
holding the largest market share in terms of value. The Asia-Pacific region is
currently experiencing a notable rise in orthopedic surgeries and automotive
production, creating a significant demand for Bioceramics and Piezoceramics
used in implant, sensor, and actuator applications. This surge in demand can be
attributed to various factors.
According to the
International Organization of Motor Vehicle Manufacturers, automotive
production in China witnessed a 3% increase in 2021, while India's production
soared by an impressive 30%. Additionally, data from the Organization for
Economic Co-operation and Development reveals a 5% growth in the number of hip
replacement surgeries in Australia, reaching 43,375 in 2019 compared to the
2013 figures.
With the automotive industry
and orthopedic surgeries on the rise, the demand for Bioceramics and
Piezoceramics in the Asia-Pacific region is expected to grow significantly,
positively impacting the overall growth of the Bioceramics and Piezoceramics
Market during the forecast period. This trend signifies the increasing need for
advanced materials that can cater to the growing requirements of the automotive
and medical sectors in the region.
Recent Developments
- In June 2022, CTS Corporation, a leading
provider of electronic components and sensors, made a strategic move by
acquiring Ferroperm Piezoceramics. Ferroperm Piezoceramics is renowned for its
expertise in manufacturing high-performance piezoceramic components used in the
medical, industrial, and aerospace sectors. This acquisition not only
strengthens CTS Corporation's position in these industries but also expands its
portfolio of cutting-edge technologies.
- In May 2022, Septodont, a global leader
in dental anesthetics and pharmaceuticals, announced the launch of its
innovative product, BioRoot. BioRoot is a groundbreaking Bioceramics root canal
sealer that not only effectively seals root canals but also prevents the growth
of unfavorable bacteria near the teeth. With its unique formulation, BioRoot
enhances the bioactivity of the treated area, promoting faster healing and
better long-term outcomes for patients.
- In March 2022, Tata Steel, one of the
world's leading steel manufacturers, made a strategic investment by acquiring a
90% stake in Ceramat, a renowned Bioceramics manufacturer. This acquisition
marks Tata Steel's entry into the rapidly growing medical field, where
Bioceramics-based instruments play a crucial role in various medical
applications. By combining Tata Steel's expertise in steel manufacturing with
Ceramat's advanced Bioceramics technology, the company is poised to deliver
innovative and high-quality medical instruments that will revolutionize patient
care.
Key Market Players
- Ceramtec GmbH
- Coorstek Inc.
- DePuy Synthes Inc
- H.C. Starck GmbH
- Kyocera Corporation
- Morgan Advanced Materials PLC
- NGK Spark Plug Co., Ltd.
- Rauschert GmbH
- Saint-Gobain Ceramic Materials Zhengzhou
Co Ltd
- Zimmer-Biomet holdings Inc
|
By Material
|
By Application
|
By Region
|
|
Bio-Inert Ceramics
Bio-Active Ceramics
Bio-Resorbable
Ceramics
Piezoceramics
Others
|
Dental Implants
Orthopedic Implants
Surgical Instruments
Implantable Electronic Devices
Diagnostic Instruments
Others
|
North America
Europe
Asia Pacific
South America
Middle East &
Africa
|
Report Scope:
In this report, the Global Bioceramics and Piezoceramics
Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- Bioceramics and Piezoceramics
Market, By
Material:
o Bio-Inert Ceramics
o Bio-Active Ceramics
o Bio-Resorbable Ceramics
o Piezoceramics
o Others
- Bioceramics and Piezoceramics
Market, By
Application:
o Dental Implants
o Orthopedic Implants
o Surgical Instruments
o Implantable Electronic Devices
o Diagnostic Instruments
o Others
- Bioceramics and Piezoceramics
Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Global Bioceramics and Piezoceramics Market.
Available Customizations:
Global Bioceramics and Piezoceramics Market report
with the given market data, TechSci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Global Bioceramics
and Piezoceramics Market is an upcoming report to be released soon. If you wish
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