Global Bioceramics and Hydroxyapatite Market: Key Facts and Forecast Predictions Presented Until 2028

The global bioceramics and hydroxyapatite market is projected to reach a value of US$ 4,390.1 Mn, recording a CAGR of 6.9%.

 

Albany, NY -- (SBWIRE) -- 11/06/2018 -- The demand for bioceramics and hydroxyapatite continues to be pushed by the increasing number of dental and orthopedic implants. With bioceramics and hydroxyapatite collectively being an important part in the production of dental and orthopedic implants, they are otherwise known as medical ceramics. These insights are derived from new report, titled "Bioceramics and Hydroxyapatite Market: Bio-Active Segment Projected to Generate Significant Growth Opportunities: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028," recently added to the repository of Market Research Reports Search Engine (MRRSE).

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Aluminum oxide, zirconia, bioglass, and calcium phosphate (tricalcium phosphate, hydroxyapatite) are some of the widely used bioceramics. Superior biocompatibility is one of the predominant factors pushing the adoption of bioceramics and hydroxyapatite by a notable margin.

Bioceramics and Hydroxyapatite Market- Surging Popularity of Zirconia-based Implants to Supplement Growth

In line with the quest for durable and effective orthopedic and dental implants, the preference for utilizing bioceramics and hydroxyapatite is on the rise. This rise in demand can be accredited to multiple factors, such as excellent biocompatibility, superior chemical and thermal stability, and robust mechanical strength. However, rising health concerns pertaining to use of materials, such as titanium, among multiple end-user industries is persistently encouraging manufacturers to choose for zirconia-based implants. Unlike the titanium variants, zirconia-based implants are abrasion-resistant along with exceptional durability. The zirconia based implants are ceramic material that are white in color and have superior biocompatibility quo.

Rising production of dental implants, joints, hip, and knee replacements are poised to fuel demand for bioceramics and hydroxyapatite over the assessment timespan. In addition, rising old age population and improper dental care have significantly contributed toward increased adoption of bioceramics and hydroxyapatite implants across the globe. By virtue of these factors, the growth of the global bioceramics and hydroxyapatite market is expected to foresee an optimistic leap in the upcoming years.

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Bioceramics and Hydroxyapatite Market- Market Players to Focus on Regional Penetration for Gaining Strategic Advantages

In a bid to remain in the forefront of the competitive scenario, the key market players are persistently emphasizing on fostering long-term partnerships with implant manufacturers as well as extending their regional outreach in the bioceramics and hydroxyapatite market. Rising investments in research and development for crafting 3-D printing and artificial bones is further evolving as an instrumental factor in expansion of application area as well as product offerings in the bioceramics and hydroxyapatite market

However, the premium prices of bioceramics and hydroxyapatite and lack of awareness regarding its beneficial aspects is likely to confine the adoption rate. Moreover, sporadic technological developments across developing countries of Asia Pacific region may hinder the bioceramics and hydroxyapatite market growth, in the long run.

Bioceramics and Hydroxyapatite Market- Report Description

The report puts spotlight on an in-depth analysis of the market scenario and also identifies various influencing factors having a deep-rooted impact on the growth of the global bioceramics and hydroxyapatite market. In a bid to offer accurate market information, the report offers imperative information apropos of pervasive market trends in the bioceramics and hydroxyapatite market, to aid the market players in viable decision making. Additionally, the report also revolves around the micro as well as the macroeconomic factors along with their impact on the bioceramics and hydroxyapatite market growth for the forecast timeline.

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