Fact.MR: The global bioceramics market is expected to grow 1.5X over the next ten years and reach a valuation of US$23 billion by 2031, according to a recent Fact.MR analysis of the bioceramics market. The development of medical implants and the choice of materials for the production of biological implants are responsible for the rise.
According to data from the World Health Organization (W.H.O.), musculoskeletal problems affect around 1.71 billion individuals worldwide. Lower levels of wellbeing have resulted from these disorders, which have significantly impacted mobility and dexterity.
The need for soft and hard tissue replacement has increased due to the rising prevalence of musculoskeletal disorders in the younger population, including rheumatoid arthritis, osteoporosis, osteoarthritis, and back and neck pain. The market for medical ceramics will see an increase in demand for bioceramics as a result of its use in the production of strong and pleasant orthopedic implants.
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Could the Brittle Nature of Bioceramics Limit Future Sales?
While bioceramics offer notable benefits like being lightweight and improving patient comfort, certain limitations may hinder long-term market growth.
One key challenge is the low mechanical strength of porous calcium phosphate bioceramics, which are prone to brittleness and low fatigue resistance. This fragility can pose issues for patients, potentially requiring frequent visits to surgeons for implant replacements.
Country-Wise Analysis
The U.S. accounted for a significant share of bioceramics sales, exceeding $4 billion in 2020, driven by extensive use across major medical fields.
As reported by the American Ceramic Society, bioceramics have seen growing applications in orthopedics, tissue engineering, and dentistry. Materials like calcium oxide, sodium oxide, and phosphorus pentoxide are widely utilized for hard and soft tissue replacements, while hydroxyapatite coatings are popular for ceramic bearings in orthopedic implants.
Competitive Landscape
The global bioceramics market is marked by a limited number of specialized manufacturers catering to diverse end users. Companies are actively pursuing collaborations, acquisitions, and other expansion strategies to capitalize on growth opportunities.
- In October 2020, Amedica Corporation received a patent from the U.S. Patent & Trademark Office for articulating intervertebral devices and associated tools, systems, and methods aimed at improving traditional transforaminal lumbar interbody fusion (TLIF) procedures.
- In April 2021, CoorsTek announced plans to expand its manufacturing operations in Benton, Arkansas, to drive innovation and advancements in bioceramics and related domains.
- In June 2021, Morgan Advanced Materials Plc earned an AAA rating from MSCI for its sustainability initiatives, reflecting the company’s commitment to environmental, social, and governance (ESG) practices, including advancements in bioceramics manufacturing.
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