Los Angeles, United States, October 10, 2019 –The latest report published by QY Research titled, “Global Bioactive Materials Industry Trends and Forecast to 2025”, which provides a detailed analysis of the segments and sub-segments as well as regional markets. The report highlights the impact of drivers and restraints on the global bioactive materials market during the forecast period. As per the report, the global bioactive materials market is expected to reach US$1775 mn by 2025 from US$1141 mn in 2018. The market is expected to register a CAGR of 6.4% over the forecast period.
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Mounting Demand for Tissue Replacement Surgery to Drive Market
The global bioactive materials market will witness substantial growth due to growing surgical procedures that are meant for the treatment of several ailments among the elderly population. The rising geriatric population across the world is expected to make a major contribution to the growing demand for tissue replacement surgeries, which is projected to positively influence the market. The increasing use of bioactive materials in the healthcare industry due to increasing demand for organ failure, replacement of tissues, and orthodontics is estimated to bolster the market growth.
Besides, bioactive materials are high in demand across various applications as they are wear and tear-resistant, moisture resistant, and resistant to bacterial micro-leakage. The implantation procedures, which includes bioengineered materials, reduces the cost of hospitals incurring post-implant, which will further propel the market over the forecast period.
However, the high cost of new and advanced technologies present in the market is expected to restrain the growth of the market in the coming years.
North America to Lead the Global Bioactive Materials Market
North America will be the leading region in the bioactive materials market followed by Europe due to the increasing adoption of advanced healthcare technologies and developed healthcare infrastructure in this region. Asia Pacific is also anticipated to drive the bioactive materials market due to the rise in elderly population, awareness among people regarding various treatments, progressing medical industry, and increasing per capita income of the consumer.
Bioactive Glass, Glass-Ceramics, and Ceramics Segment Boost Market
The global bioactive materials market is segmented into product type and application. Bioengineering, medical, dentistry, and others are the application areas. The product type segment includes bioactive coatings, bioactive glass, glass-ceramics, and ceramics, bioactive composites, and others. Bioactive glass, glass-ceramics, and ceramics segment dominate the market as they exhibit properties such as stimulation of bone growth and bone growth at implant surfaces. These active properties of bioactive glass, glass-ceramics, and ceramics segment in terms of both morphology and chemical composition are anticipated to help the market prosper.
Global Bioactive Materials Market: Key Players
The top players operating in the global bioactive materials market are Baxter, Berkeley Advanced, Takiron, DePuy Synthes, Wright, Medtronic, Kyocera, Stryker, Novabone, Zimmer Biomet, Dentsply, Wm. H. Reilly, Heraeus Kulzer, Integra Life Science, Biomatlante, and Aap Implantate.
Global Bioactive Materials Market: Competitive Landscape
Companies are using the PESTEL analysis, Porter's Five Force Model, and SWOT analysis to provide a clear view of the competitive landscape to the clients. Companies have also adopted strategies like research and development activities, new product launch, acquisitions, and partnerships to attain a higher revenue.
● Bioactive glass, glass-ceramics, and ceramics segment to lead the global market
● North America is the largest region for bioactive materials market
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