Bioactive Materials Market Global Demand, Sales, Consumption And Forecast 2028

According to Premium Market Insights new research study on "Bioactive Materials Market was valued US$ 2,000 Million in 2022, it is estimated to grow at a CAGR of 13.0% from 2022 to 2028

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Some Of the Major Players Influencing are Biomatlante, LASAK s.r.o. , Medtronic, Stryker , Pulpdent ,CERAVER , Collagen Matrix , NORAKER, OSARTIS GmbH , Mo-Sci Corporation

Bioactive materials exhibit biological activities to stimulate the response of the biological system when the materials are required to have clinical effects. Bioactive materials are clinically used as an important substitute for bones. In addition, bioactive materials find wide application in plastic surgery and body reconstruction, including tissue augmentation, craniofacial reconstruction by utilization of bone and skin substitutes and soft-tissue fillers, wound repair, and scar-reduction technologies. For instance, the properties of bioactive glass, such as high biocompatibility, antimicrobial features, and bioactivity in the internal environment of the body, have made it a useful biomaterial in various fields of medicine and dentistry.

MARKET DYNAMICS

The huge growth in the surgical procedure field is creating demand for different bioactive materials. The growing number of the global geriatric population and the increasing demand for tissue replacement surgeries are fuelling the bioactive materials market growth. Further, dental filling bioactive materials are gaining popularity as they are durable, restore minerals in teeth, and reduce the process of secondary tooth decay more effectively. Bioactive glass is highly used in dentistry for dental restorative materials, mineralizing agents, as a coating material for dental implants, and root canal treatments. Thus, the increasing demand for bioactive materials from various application fields such as orthopaedic, dental care, and bioengineering is mainly driving the bioactive materials market growth.

MARKET SCOPE

The "Global Bioactive Materials Market Analysis to 2028" is a specialized and in-depth study of the bioactive materials market with a special focus on the global market trend analysis. The report aims to provide an overview of the bioactive materials market with detailed market segmentation. It also provides key statistics on the market status of the leading players operating in the bioactive materials market and offers an analysis of major trends and opportunities in the bioactive materials market.

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MARKET SEGMENTATION

The global bioactive materials market is bifurcated into type and application. Based on type, the market is segmented into bioactive glass, bioactive ceramics, bioactive composites, and others. Based on application, the market is segmented into orthopaedic, dental care, bioengineering, and others.

REGIONAL FRAMEWORK

The global bioactive materials market is segmented into five major regions North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.

Asia Pacific is expected to register the highest CAGR during the forecast period. The Asia Pacific bioactive materials market growth is majorly attributed to the increasing number of orthopaedic and dental surgeries, rising cases of oral-pre-cancer, and increasing healthcare expenditure in countries such as China, India, and Japan. Additionally, various investments favoring the growth of the healthcare sector in the region fuel the market growth. The below figure showcases the revenue growth trend in the bioactive materials market:

The report analyses factors, such as affecting drivers, restraints, opportunities, and future trends, that impact the bioactive materials market. It also provides exhaustive Porter's five forces analysis, highlighting the factors affecting the bioactive materials market in these regions.

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IMPACT OF COVID-19 PANDEMIC

The bioactive materials market has been mainly driven by the growing use of different bioactive materials in orthopaedic, dental care, and bioengineering before the onset of the COVID-19 pandemic. However, the pandemic has hampered the growth of the bioactive materials market. The COVID-19 pandemic has affected the healthcare system drastically, including dental care practices. Various dental practices have suffered a huge loss in revenue due to the pandemic. According to a survey by the Oral Health Group, ~46% of dentists reported a significant drop in revenue due to the impacts of the pandemic on their dental practices. As a result of the adverse impacts of the COVID-19 pandemic, the demand for bioactive materials from dental care and orthopaedic declined as only critical surgery procedures were given priority.

As various economies are reviving their operations, the demand for bioactive materials is also improving. According to the American Dental Association, in February 2021, the average patient volume reached 81% of pre-COVID levels, thus showing recovery. The resumption of regular clinical practice at dental premises is expected to positively influence the bioactive materials market growth during the forecast period.

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