Markets & Trends: Bioceramics Market Forecast to Grow Through 2016

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Bioceramics Market Size, Share, Trend Analysis,
Market Growth By Technology Application And
Segment Forecasts To 2022

Global bioceramics market is expected to reach USD 19.05 billion by 2022, according to a new report
by Grand View Research, Inc. Rising ageing population coupled with increasing occurrences of
osteoarthritis is expected to augment market growth over the next seven years. Growing need to
maintain a healthy lifestyle coupled with introduction of new low cost preventive care measures has
led to the utilization of medical devices, which is expected to augment expansion of the industry.
Alumina dominated the global market, in terms of material, accounting for over 62% in 2014.
Bioinertness, hardness and high abrasion resistance are some of its qualities, resulting in the
extensive use of alumina implants for dental and joint applications. Growing demand for
biocompatible materials to increase acceptance by the patients’ body as well as reduce the
occurrence of infections post surgery is expected to augment demand for alumina over the forecast
Browse Detail Report With TOC @
Further key findings from the report suggest:
Global bioceramics market demand was USD 12.31 billion in 2014 and is expected to reach USD
19.05 billion by 2022, growing at a CAGR of 6.2% from 2015 to 2022.
Rising ageing population in developed economies has been a major factor for positive growth over
the past few years and this trend is likely to continue in the near future. Increasing trend of early
surgical intervention by doctors in case of joint replacements has resulted in growing demand for
knee, shoulder and hip implants. This will result in increasing penetration of bioceramics in the
orthopedic sector generating revenues worth USD 7.87 billion by 2022.
Advancements in medical technology and demand for...