Rising Artificial Heart Valve Replacement Procedures to offer an Opportunity for North America Bioceramics Market

North America bioceramics market is estimated to grow at a CAGR of 5.8% during the forecast period. An increasing number of artificial heart valve replacement procedures are offering an opportunity for the adoption of bioceramics. As per the Texas Heart Institute, in the US, surgeons perform nearly 106,000 heart valve operations annually. Most of these heart valve surgeries are performed to repair or replace mitral or aortic valves. This is resulting in an increasing demand for artificial heart valves in the country. Edwards Lifesciences, a provider of artificial heart valve technologies have reported an increase in the sales of their artificial heart valve products. 

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Sales of its transcatheter aortic valve replacement products shown 63.0%, 61.0%, and 59.0% of its net sales in 2019, 2018, and 2017, respectively. This, in turn, will provide a scope for the potential adoption of bioceramics. Hydroxylapatite, calcium phosphate, and carbon are some bioceramics with applications as a coating of artificial heart valves structure. It acts as a tissue engineering material owing to its long-term stability and biocompatibility. Therefore, increasing the development of artificial heart valves will likely drive the market growth. 

Scope of the North America Bioceramics Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Product Type and Application
• Countries Covered- US and Canada
• Competitive Landscape- CoorsTek, Inc., CeramTec GmbH, Dentsply Sirona, Inc., NGK Spark Plug Co., Ltd., and Amedica Corp.

Recent Developments in the North America Bioceramics Market

• In June 2020, Admatec launched bioresorbable ceramics from CAM Bioceramics on the Admaflex 3D printing systems. CAM Bioceramics is a provider of medical-grade ceramic materials. CAM is supporting Admatec to allow printing medically approved ceramic material on the Admaflex 3D printing systems, which is creating opportunities for the dental and medical sectors.
• In March 2019, CeramTec North America declared the expansion of its Laurens County operations. It is a $20 million investment in expansion at its Laurens facility. CeramTec manufactures more than 10,000 products to serve a comprehensive range of applications globally including medical, automotive, electronics, military/aerospace, functional, structural, hermetic, and mechanical industries. The company has invested more than $79 million at Laurens County facility. The expansion will further support the company to serve its customers across different industries more effectively.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North America Bioceramics Market-Segmentation

By Product Type

• Bio-Inert

o Alumina

o Zirconia

o Others

• Bio-Active

o Bioglass

o Glass Ceramics

o Others

• Bio-Resorbable

By Application

• Dental
• Orthopedics
• Others

North America Bioceramics Market– Segment by Country

• US
• Canada

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