Tuesday, 18 April 2023 09:33 AM
Company Update
WILMINGTON, DE / ACCESSWIRE / April 18, 2023 / Transparency Market Research Inc. - The ceramic-polymer composites for biomedical applications market was valued at US$ 243.1 Mn in 2022 and is projected to reach US$ 536.8 Mn by 2031 at a CAGR of 9.2% from 2023 to 2031.
Rapidly increasing usage of ceramic-polymer composites in a range of implants, prosthetics, and biomedical devices is a key trend expected to propel the market. Rise in utilization of ceramic-polymer composites as orthopedic implants can be ascribed to several suitable structural and functional properties of these composites, including bone-bonding capability, mechanical & bioactive properties, and biocompatibility.
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Surge in adoption of ceramic-polymer composites in tissue generation applications and drug delivery applications is anticipated to offer significant opportunities for companies. Rise in R&D in 3D and 4D printing technologies is anticipated to pave the way to multifunctional scaffolds for use in bone tissue regeneration applications. Continuous advancements in fabrication techniques of nanofillers and composites are expected to broaden market outlook. Companies are focusing on the development of novel bioresorbable composite materials that can be used in the treatment of chronic bone conditions. For instance, the potential of biodegradable polymer matrix in curing chronic osteomyelitis has increased interest among several companies.
Key Findings of Study
- Rise in Preference for Hydroxyapatite-based Composites: In terms of bioactive ceramic type, the hydroxyapatite segment is likely to account for major market share during the forecast period. Hydroxyapatite-based composites are widely used in orthopedic and dental implants, as these possess remarkable bioactivity and biocompatibility, in addition to mechanical properties. Rise in adoption of hydroxyapatite-based composites in tissue engineering applications is likely to bolster the ceramic-polymer composites for biomedical applications market.
- Surge in Demand for Ceramic-Polymer Composites for Orthopedic & Dental Implants: Adoption of ceramic-polymer composites for biomedical applications is driven by surge in utilization of these materials in orthopedic procedures. Recent market trends indicate that these have also been widely adopted as biomaterials for bone reconstruction in a number of dental procedures.
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Key Drivers
- Rise in demand for orthopedic and dental implants to treat a range of bone defects and dental procedures is a key driver of the global ceramic-polymer composites for biomedical applications market
- Advancements in polymer composite technologies, such as the application of 3D printing, melt extrusion-based additive manufacturing technology, and nanotechnology, are likely to propel the market. Utilization of these technologies has resulted in significant market prospects for biodegradable polymer matrix nanocomposites in tissue engineering applications.
- Surge in demand for advanced regenerative therapies is likely to increase applications in the ceramic-polymer composites for biomedical applications market
- Rise in prevalence of osteoarthritis is likely to bolster the adoption of ceramic-polymer composites
Regional Growth Dynamics
Asia Pacific accounted for the major market share in 2022. The region is anticipated to dominate the global market from 2023 to 2031. Rise in healthcare infrastructure investment by governments & private companies and rapid expansion of medical tourism are key the trends expected to augment market value in Asia Pacific during the forecast period.
Brazil, South Africa, and Australia are projected to be lucrative markets for ceramic-polymer composites for biomedical applications. North America and Europe are expected to record significant revenue in the next few years owing to surge in adoption of orthopedic and dental implants.
Competition Landscape
Key companies are focusing on developing ceramic-polymer composites with enhanced structural and functional properties. They are also focusing on improving the biocompatibility of these by fabricating organic-inorganic composites such as collagen fibers, fabrics, and films in order to cater to the rise in demand for medical implants in orthopedics.
Prominent companies in the ceramic-polymer composites for biomedical applications market are Foster Corporation, TA Instruments, Metoxit, Zimmer Biomet, Stryker Corporation, CeramTec GmbH, DSM, CAM Bioceramics BV, Morgan Advanced Materials, and CoorsTek Medical LLC.
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Ceramic-Polymer Composites for Biomedical Applications Market Segmentation
Bioactive Ceramics Type
- Bioglass
- Titania
- Zirconia
- Alumina
- Hydroxyapatite (HA)
Composition
- Solid
- Fibers
- Gels
- Fabrics and Films
- Others
Application
- Tissue Engineering
- Dental Implants
- Orthopedic Implants
- Drug Delivery
- Others
Region
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
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