Bioactive Materials Market: Surgery Application Segment Is Expected To Grow At A Significant Rate Over The Projected Period
Bioactive Materials Industry Overview
The global bioactive materials market size is estimated to reach USD 5.85 billion by 2028 registering a CAGR of 14.0% over the forecast period, according to a new report by Grand View Research Inc. Growing geriatric population coupled with the advancement in various surgical procedures is expected to drive the product demand in the market. Rising consumer awareness about health and well-being is projected to drive market growth during the forecast period.
The product helps in promoting stem cell structure and the transplanted stem cells offer enhanced therapeutic effects in surgeries. Thus, a wide scope of application for these products in the replacement and reconstruction of damaged cells, tissues, and bones is fueling the product demand in the surgery application sector. Moreover, increasing technological advancements coupled with the growing demand for dental care and orthopedics, due to high awareness about oral health & hygiene, are also supporting market growth.
The availability of favorable healthcare policies and fast-curing surgical & low-cost post-implant procedures in various developed regions including, the U.S., Japan, France, and others, are offering positive growth prospects to the overall market. Some of the key applications of the product include dentistry, surgery, bioengineering, and others.
Bioactive Materials Market Segmentation
Grand View Research has segmented the global bioactive materials market on the basis of material, type, application, and region:
Based on the Materials Insights, the market is segmented into Glass, Glass-ceramic, Composite, and Others.
- The glass segment led the market in 2020 and accounted for more than 30% share of the global revenue. The segment is estimated to expand further at the fastest CAGR from 2021 to 2028. This growth is attributed to the bioactivity and biocompatibility of the implant material in the human body as the main bonding agent.
- The ability to regenerate dental hard tissues, especially on the acid-affected skin, by the application of materials, such as calcium, phosphate, and other ions, drives the demand for glass The composites segment is estimated to account for the second-largest revenue share by 2028.
Based on the Materials Type Insights, the market is segmented into Powder, Moldable, Granules, and Others.
- The powder type segment accounted for the largest revenue share of over 43% in 2020 on account of high demand for powdered products due to their simplified and successful application as a filler in the complex organ structures and capability of stimulating cell proliferation in the healthcare industry.
- Powdered products effectively allow the transport of body fluids and growth of tissue through the implant process. Increasing metallurgical techniques and related studies for the fabrication of different types of bioactive materials in the field of orthopedics are expected to fuel segment growth in the years to come.
Based on the Application Insights, the market is segmented into Dentistry, Surgery, Bioengineering, and Others.
- The dentistry application segment led the market and accounted for more than 45% of the global revenue share in 2020 owing to the increased consumer spending on dental treatments, such as root canals. The rise in the use of materials, such as calcium hydroxide, ceramics, and calcium phosphate, is likely to drive product demand in this application segment over the forecast period.
- The product demand in the surgery application segment is expected to grow at a significant rate over the projected period owing to its advanced and post-surgery performance. Moreover, a rise in the adoption of advanced surgical procedures involving plastic surgery, tissue augmentation, and craniofacial reconstruction is expected to propel the demand over the forecast period.
Bioactive Materials Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies & Market Share Insights
The major companies are trying to come up with cost-effective and advanced-implant-oriented products to cater to rising demand and thus leading to overall market growth. The market highly depends upon the research institutions and government support for various product and technological approvals. Various business strategies adopted by key players, such as technical collaborations and M&A, are expected to contribute to the industry growth. Some prominent players in the global bioactive materials market include:
- Zimmer Holding Inc.
- Medtronic Inc.
- Stryker Corporation
- DePuy Synthes
- Biomatlante
- Arthrex, Inc.
- Pulpdent Corporation
- Bioactive Bone Substitutes Oy
- Lasak s.r.o
- Bioretec Ltd.
- Noraker
- Septodont Holding
- I. TAKIRON Corporation
Order a free sample PDF of the Bioactive Materials Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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