Rockville , April 27, 2023 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence firm, projects that the demand for bioactive materials to increase at a CAGR of 4.0% from 2023 to 2033, reaching a valuation of US$ 2.8 billion in 2023.
Over the anticipated period, the market for bioactive materials is expected to grow due to the rising need for improved implantable materials as well as the growing interest in replacing the traditional use of metal implants.
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The market for bioactive materials is also growing as a result of their application in the production of cosmetics, antibacterial, medicinal, and other goods. These products shield against moisture, deterioration, and bacterial micro-leakage. Such factors increase bioactive materials demand across numerous end-use industries.
The biomaterials market is predicted to grow rapidly in emerging economies throughout the forecast period. This is largely due to factors including rising CVD awareness, improved healthcare infrastructure, rising disposable income, and neutral government standards and regulations.
Key Takeaways from Market Study
- The market has experienced a growth rate of 8.7% from 2018 to 2022
- Bioactive materials are a dentistry application expected to grow at a significant rate, creating an absolute $ opportunity worth US$ 2.1 billion by 2033
- North America dominates the bioactive materials market, holding a market share of about 26.2% in the global market
- Collective application of bioactive materials in dentistry and surgical approximately accounts for US$ 1.9 billion in revenue in 2023
- The current growth rate of bioactive materials in surgical applications is 12.1%
“Skyrocketing Demand of Bioactive materials in Dental & Bone Implants is Driving the overall market” says a Fact.MR analyst.
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Leading Player’s Blueprint for Bioactive materials Production
Prominent Bioactive Materials manufacturers are:-
- Zimmer Holding Inc.
- Medtronic Inc.
- Stryker Corporation
- Bioactive Bone Substitutes Oy
- Lasak s.r.o
- Bioretec Ltd.
- Noraker
- C.I. TAKIRON Corporation
- Lineage Cell Therapeutics
To meet the growing demand and promote market expansion overall, major corporations are working to develop goods that are both affordable and geared towards improved implants. The market heavily relies on government backing for various product and technological approvals as well as funding for research organizations. Several business tactics used by significant companies, like technological alliances and M&A, are anticipated to support the expansion of the market.
Segmentation of Bioactive Materials Industry Research
- By Material :
- Glass Material
- Glass Ceramic
- Composite Material
- Other Bioactive Materials
- By Type :
- Powdered
- Mouldable
- Granulated
- Injectable
- By Application :
- Dentistry
- Surgery
- Bioengineering
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global bioactive materials market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of material (glass, glass ceramic, composite materials, and others), type (powdered, mouldable, granulated, and injectable), application (dentistry, surgery, bioengineering, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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