European bioceramics market is estimated to grow at a CAGR of 5.0% during the forecast period. The increasing number of joint replacement procedures and rising number of dental procedures are some factors driving the market growth. As per the National Joint Registry, UK, the total number of joint replacement procedures recorded was nearly 2.5 million during the period, 2017/18. It is a rise of 9,632 over the previous year. This is resulting in the demand for bioceramics to develop orthopedic implants in the region. The region consists of several major implant manufacturers that primarily focused on innovations, which include Smith & Nephew plc and Biotechni.

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The increasing number of joint revision procedures have led to the demand for advanced materials that can contribute to reduce the chances of revision procedures. Bioceramics is a major alternative to metal alloys in total hip replacement. In bioceramics, alumina is an extensively utilized oxide ceramic material for use in orthopaedic implants, owing to its potential biocompatibility, strength, and wear resistance. It is concluded in several publications that the number of revision procedures of ceramic/ ceramic pairings is lower than polyethylene/ metal pairings. As a result, ceramic implants are gaining wide significance in the orthopedic procedures.

Based on the country-wise classification, the market is classified into the UK, Germany, France, Spain, Italy, and Rest of Europe. In Germany, a significant presence of the elderly population is expected to drive the demand for orthopedic procedures in the country. As per the Organization for Economic Cooperation and Development (OECD), the people aged 65 and over was 21.5% in Germany. Aging process causes significant changes in skeletal and neuromuscular systems, which resulting in a decrease in lean muscle mass. Ligaments, tendons, and joint capsules also drop tensile strength and are more possibly affected by injury or degeneration. Therefore, joint replacement procedures are being widely performed in the country as an effective way to remove joint pain, improve a deformity, and supporting improve the patient's movement. This is contributing to the demand for bioceramics for development of orthopedic implants in the country. It is used as a biocompatible coating material on heavy load-bearing orthopedic implants.

Some key players in the market include CeramTec GmbH, Kyocera Corp., Straumann AG, CAM Bioceramics N.V., and NGK Spark Plug Co., Ltd. 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 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 European 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. European Bioceramics Market Research and Analysis by Product Type
2. European Bioceramics Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the European 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 European bioceramics market.
• Insights about market determinants, which are stimulating the European bioceramics market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.