Asia-Pacific bioceramics market is estimated to grow at a CAGR of 7.2% during the forecast period. The expansion of implants manufacturers is one of the key factors in accelerating the growth of the market. Key implant manufacturers, including the Straumann Group and Medtronic plc, have accelerated investment in their implant portfolios in major Asia Pacific markets. For instance, in July 2019, the Straumann Group signed a collaboration agreement with Yuhan Corp., to expand the global business of Warantec, which is an established Korean implant brand. In Warantec, Yuhan holds a controlling stake. Under the agreement, Straumann will provide some capital to set up Warantec’s manufacturing and global business. 

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In Warantec, Straumann will be granted 33.5% shareholding and exclusive distribution rights to its products outside Korea. This will enable Straumann to increase its reach in the non-premium implant segment. Further, in 2016, the Straumann Group acquired Equinox, a renowned Indian implant brand. The increasing focus of major implants manufacturers in Asia-Pacific is expected to widen the opportunity for the adoption of bioceramics that acts as a biocompatible material along with high strength and wear resistance. These properties make bioceramics ideal to strengthen the properties of medical implants.

The market is segmented based on product type and application. Based on product type, the market is segmented into bio-inert, bio-active, and bio-resorbable. Based on the application, the market is segmented into dental, orthopedic, and others. A significant rise in orthopedic procedures coupled with the huge presence of the geriatric population base is driving the demand for orthopedic implants in the region. As per the Japanese Society for Replacement Arthroplasty, in 2016, there were a total of 88,146 primary and revision arthroplasty procedures performed in Japan. Therefore, it is expected that the orthopedic implants' manufacturing base will accelerate in the region, in turn, will further increase the demand for bioceramics in the region.

Some key players in the market include CeramTec GmbH, Straumann AG, Kyocera Corp., NGK Spark Plug Co., Ltd., and Kuraray Europe GmbH. The market players are using strategies such as product launches, mergers & acquisitions, partnerships and collaborations, and geographical expansion, to gain a competitive advantage. For instance, in February 2019, Kyocera Fineceramics GmbH, a division of Kyocera Corp. signed an agreement to acquire 100% shares of H.C. Starck subsidiary H.C. Starck Ceramics GmbH, a Germany-based manufacturer of advanced ceramics. In spring 2019, H.C. Starck Ceramics will combine into Kyocera Group, subject to regulatory approval. This acquisition will enable Kyocera to respond faster to clients in Europe.

Research Methodology

The market study of the Asia-Pacific bioceramics market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Bioceramics Market Research and Analysis by Product Type
2. Asia-Pacific Bioceramics Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Asia-Pacific bioceramics market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific bioceramics market.
• Insights about market determinants, which are stimulating the Asia-Pacific bioceramics market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.