Fact.MR’s bioceramics market report forecasts strong expansion, expecting an incline of over 7% CAGR across the 2021-2031 assessment period. As per the report, the market is poised to be valued at above US$ 23 Bn by 2031. Growth is majorly fueled by extensive application across the orthopedic and dental implants segments. Historically, sales of bioceramics grew by approximately 6% in value CAGR from 2016 to 2020, closing in at above US$ 14 Bn by the end of 2020. As the COVID-19 pandemic unfolded, recessionary pressures were experienced, attributed to postponement of elective procedures, including dental and orthopedic implant surgeries.
As per the World Health Organization, dental caries prevalence is a major public health concern globally. Since the past half-decade, dental caries ranked first for permanent tooth decay, comprising 2.3 billion people, and 12th for deciduous teeth, equivalent to 560 million children. Hence, patients are undergoing numerous teeth implant surgeries, which is stimulating demand for dental crowns, bridges, bristles and dentures. Likewise, an estimated 10-15% of adults aged above 60 suffer from varying degrees of osteoarthritis and other bone-related ailments, for which implant surgeries are on the incline. Hence, demand for bioceramics is showing sufficient promise.
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Keyword Market Segmentation
By Region
- North America
- Europe
- East Asia
- South Asia
- Latin America
- Oceania
- Middle East & Africa
By Application
- Bioceramics for Orthopedic Implants
- Bioceramics for Dental Implants
- Bioceramics for Implantable Electronic Devices
- Bioceramics for Other Applications
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Essential Takeaways from the Bioceramics Market Report
- Comparison of prominent players operating in the Bioceramics Market.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain of the Bioceramics Market.
- Growth opportunities for emerging market players in various regional markets.
- Current trends influencing the scenario of the Bioceramics Market.
Important queries related to the Bioceramics Market addressed in the report:
- Who are the most prominent players in the Bioceramics Market?
- What are the factors that are likely to hinder the growth of the Bioceramics Market during the forecast period (2021-2031)?
- Why is the concentration of tier-1 companies high in specific region?
- How are the soaring prices of raw materials impacting the demand for keyword?
- Why are market players eyeing opportunities in particular region?
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