Knowledge Sourcing Intelligence announces the publication of a new report on “Bioceramics Market - Forecasts from 2020 to 2025" to their offering.
Bioceramics are used for the repair and reconstruction of damaged or diseased parts, these can be bioinert, bioactive, bioabsorbable, or porous for tissue in-growth. Bioceramics are used for dental and other medical applications.
According to the report, the Bioceramics Market is estimated to grow at a CAGR of 10.54% over the forecast period 2019-2025.
The increasing geriatric population of the world is driving the growth of the global bioceramics market during the forecast period.
The global geriatric population is expected to surge with the growing advancements in healthcare facilities resulting in providing effective therapies or treatments for the elderly. Hence, this has further contributed in increasing their lifespan. The advent of bioceramics for the treatment of various age-associated disorders affecting the bone and teeth of the older individuals is providing an opportunity for the manufacturers to enhance their product portfolio dedicated to this group. As per the WHO, 2018 estimates, the percentage of global population attaining more than 60 years of age will increase from 12% in 2015 to 22% by the end of 2050. Additionally, it has been predicted that the number of older individuals, aged 60 years or more, will exceed the number of children below 5 years of age, by 2020. Around 80% of the elderly population is projected to live in low-and-middle-income regions of the world. Hence, the market is estimated to hold favourable growth prospects in the forecast period. The growing need for medical assistance by the elderly has further put a strong impact on increasing the health expenditure, especially for countries having a substantial geriatric population.
The utilization of bioceramics for tissue engineering applications is further augmenting the market growth during the forecast period.
With people suffering from bone diseases either due to diseases or trauma, the number of surgical procedures is also increasing every day in order to repair or replace the diseased bones and tissues. However, the tissues available are quite costly, in addition to their scarcity. The emergence of tissue engineering has further contributed to providing an alternative for addressing these issues. The major aim of tissue engineering includes the regeneration of damaged tissues along with the restoration and maintenance of the function of the human bone tissues. This is achieved through the combination of cell biology, materials science, and engineering principles where regeneration of the damaged tissues is achieved through the combination of cells from the human body with porous bioceramics scaffolds acting as a template for the growth of novel viable tissues.
The use of 3D printing in the manufacturing of bioceramics is further contributing to propel the market growth in the forecast period.
It has been observed that companies through 3D printing technology are manufacturing custom-made bioceramics products for various reconstructive surgical applications. 3DCeram through additive manufacturing is involved in the manufacturing of bespoke bone substitutes, cranial or jawbone implants. The company developed bioceramic cranial or jawbone implants, BioCranium® through the utilization of stereolithography. The custom product, hydroxyapatite ceramic implant assists in the replacement of the significant osseous defects of the skull and the jawbone. The product is biocompatible, resorbable, easy to stock, easy to work, in addition, it offers good mechanical properties.
In June 2020, a 3D printer manufacturer, Admatec made an announcement that it will be possible for the medical and dental professionals for using CAM Bioceramics’ medical-grade ceramic materials with the Admaflex DLP 3D printing systems. The Bioceramics is in accordance with ISO 13485:2016 certification, and hence, are medically approved. This includes the commercially available hydroxyapatite slurry 3D printing material. Such partnerships and collaborations utilizing 3D printing technology for the development of bioceramics are further offering significant market growth prospects during the forecast period.
The major players covered as part of the report areCeramTec GmbH, DSM, and Morgan Advanced Materials plcamong others.
View a sample of the report or purchase the complete study at www.knowledge-sourcing.com/report/bioceramics-market
This report has categorized the Bioceramics marketon the basis of the following segments