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The global bio-ceramics and piezoceramics market is expected to grow at a stable rate during the forecast period owing to its increasing use in the applications such as orthopedic implants, diagnostic instruments, dental implants and others. Bio-ceramics and piezoceramics are used as biomaterials to fill in defects in tooth and bone, fractures, to replace diseased tissue, and to fix bone grafts. The ceramics are made of alumina, hydroxyapatite, lead zirconate titanate (PZT), and calcium phosphate.
The bio-ceramics and piezoceramics market is segmented by material, application and region. On the basis of material, the market is categorized into bioactive ceramics, piezoceramics, bioinert ceramics, and bioresorbable ceramics. During the forecast period, the bio-inert ceramics is expected to contribute the major share in the market. These ceramics are used in medical applications due to its bio compatibility, non-allergic, and non-inflammatory properties.
Based on the application, the bio-ceramics and piezoceramics market is categorized into orthopedic implants, diagnostic instruments, dental implants, surgical instruments, and implantable electronic devices. During the forecast period, the dental implants is expected to contribute a major share in the market. This is attributed to the growing awareness about oral hygiene and dental implants among consumers globally. As a part of the dental care, there has been a rise in the number of dental implants made of these ceramics is increasing among consumers. These factors are attributing to the growth of the market.
The major growth driver identified in the bio-ceramics and piezoceramics market is the growing medical sector in the emerging countries and the use of these ceramics in electronic devices. There is a rise in the ageing population in some of the developing countries, leading to the rise in osteoarthritis. For the treatment of this condition, these ceramics are used in hip replacement and knee implants. The ceramics has high tensile and compressive strength, attributing to which they are used as implants. Additionally, demand for these ceramics is growing for manufacturing healthcare devices such as hearing aids, artificial joints, cardiovascular device component.
One of the challenge for the bio-ceramics and piezoceramics market is stringent clinical and regulatory process for the use and development of the product. It is seen that the development of the devices using the ceramics is a time consuming and expensive process. Additionally, the medical devices which are implanted inside the body needs to be clinically tested. These factors are acting as a restraint in the growth of the market.
One of the major opportunity acting in the bio-ceramics and piezoceramics market is the shift in medical tourism. It is seen that people from U.S. and U.K. are travelling to countries such as Malaysia, India, and China for the health treatment. These countries offer superior health care facilities at low cost. For instance, patients come for dental implants in India due to the low cost of surgery. These implants use ceramics, thus leading to the increased demand for these products. Also, there has been increasing awareness towards oral and health hygiene. These factors are expected to create growth opportunities for the industry players.
Insights by geography
On the basis of geography, the market is categorized into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA). APAC region is contributing a major share in the bio-ceramics and piezoceramics market. This is attributed to growing use of the product in dental implants, orthopedic implants, and surgical and diagnostic instruments in countries such as Korea, China, India, and Japan. Additionally, these products are used in the electronics industry also. Countries such as China, Japan and South Korea have developed state of the art electronics manufacturing facilities, in which, these ceramics are extensively used for manufacturing of semiconductor and electronics components.
Some of the major players operating in the global bio-ceramics and piezoceramics market are CoorsTek Inc., DePuy Synthes Companies, Morgan Advanced Materials PLC, CeramTec GmbH, Kyocera Corporation, Zimmer-Biomet holdings Inc., HC Starck GmbH, Saint-Gobain Ceramics & Plastics Inc., and NGK Spark Plug Co. Ltd.