The global bioactive materials market is expected to reach USD 3.29 billion by 2025, according
to a new report by Grand View Research, Inc. The market is expected to witness
a CAGR of 10.1% over the forecast period, owing to rising substitution of
engineered plastics in implants.
Increasing healthcare expenditure by the
consumers is expected to drive the demand for bioactive materials over the
forecast period. Rising geriatric population is likely to trigger the demand
for such products primarily for use in the production of prosthesis and
implants, thereby driving the market over the next eight years.
Growing use of bioactive materials for
coating metal implants to promote bone healing & osteogenesis, and
mitogenesis of undifferentiated cells is expected to drive the market growth
over the forecast period. The demand for such products is likely to rise on
account of growing product adoption by consumers including hospitals and
private surgeons.
The industry is expected to benefit from
the rising technological advancements across the globe. In addition, the
products are expected to gain traction over the forecast period driven by the
superior performance in bone regeneration surgeries.
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http://www.grandviewresearch.com/industry-analysis/bioactive-materials-industry
http://www.grandviewresearch.com/industry-analysis/bioactive-materials-industry
Further key findings from the report suggest:
· Glass accounted for a market share of 37.7%
in 2016, of the material segment, growing at a CAGR of 12.4% from 2017 to 2025,
owing to its successful clinical applications and rising use in tissue
engineering
· Powder accounted for 23.4% of the overall
revenue share in 2016, due to high demand in tooth implants and other dentistry
applications driven by superior amalgamation properties
· The market for bioactive materials in
surgery is expected to grow at CAGR of 11.3% from 2017 to 2025. Recent
advancements in the stem cell technology have boosted the demand for bioactive
materials in the field of medicine and science and the trend is expected to
sustain over the forecast period
· North America accounted for the highest
global share of 37.0% in 2016 driven by high per capita healthcare spending
owing to Affordable Care Act (ACA) introduced by the Obama administration in
2010
· Key participants of the industry include
Zimmer Holding Inc., Medtronic Inc., Stryker Corporation, and Depuysynthes,
with the companies focusing on new technology, excellent performance and
customized products to gain market share
Grand View Research has segmented the
bioactive materials market on the basis of material, type, application and
region:
Bioactive Materials, Materials Outlook
(Revenue, USD Million, 2014 - 2025)
·
Glass
·
Glass Ceramic
·
Composite
·
Others
Bioactive Materials, Type Outlook (Revenue,
USD Million, 2014 - 2025)
·
Powders
·
Moldables & Injectables
·
Granules
·
Others
Bioactive Materials, Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
Dentistry
·
Surgery
·
Bioengineering
·
Others
Bioactive Materials, Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
