BIOCERAMICS MARKET ANALYSIS

Market Challenges And Opportunities

Global Bioceramics Market Drivers:

Increasing demand for biocompatible materials to propel market growth

Biocompatible materials are used in manufacturing of medical devices. The effectiveness of these products depends on how well they interact with the body's natural tissue and cells. The growth of the biocompatible materials market will be driven by the increasing adoption of cosmetic surgery, as well as cosmetic surgeries. Hence, growing demand for biocompatible material will favor the market growth

Growing application in dental care to augment market growth

Bioceramics in dental applications is a growing segment. As the number of people suffering from chronic diseases increases, the demand for bioceramics will also increase. In addition to this, the growing number of dental procedures will drive growth of the market. It includes tooth fillings, pulp capping, and alveolar ridge augmentation. Increasing demand for new and advanced products is expected to propel growth of the market.

Global Bioceramics Market Opportunities:

Increasing use of bioceramics for treating cancer is expected to provide lucrative growth opportunities for players in the market. Cancer treatments include hyperthermia and radiotherapy. Hyperthermia treatment implants are produced from bioceramics materials that exhibit magnetic properties. In this treatment affected area is exposed to an alternating magnetic field, which kills tumor cell using the heat produced. Additionally, the bioceramics are blended with beta-emitting materials and implanted into the affected area. Hence, bioceramics can be the future of cancer treatment.

Development of new method to produce customized nano-cermics is expected to bring bright market opportunities. Customized nano-ceramics in medical is an emerging technology that may have a bright future. Ceramics are used in many medical applications such as dental restorations and orthopedic procedures. These materials offer a number of advantages such as corrosion resistance, good body response and high mechanical strength. The additive manufacturing process is used in biomedical applications and offers the potential to produce customized ceramics. This allows the creation of new implants and bone substitutes. In addition, it provides a more customized and less expensive solution to patients.

Global Bioceramics Market Restraints:

Stringent clinical and regulatory processes

For instance, The US Food and Drug Administration (FDA) has proposed to reclassify yet another medical device, this time blade-form endosseous dental implants, as class II moderate-risk medical devices capable of being cleared through the 510(k) substantial equivalence process the third such reclassification proposal recently. In other words, devices are considered to be dangerous until proven otherwise.         

Medical polymers as alternative

Increasing use of medical polymers is also hindering the market growth. Nonetheless, research and development activities are expected to provide lucrative opportunities for manufacturers.