Bioactive Materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

The 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 2031

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 2031" 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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Bioactive Materials Market: Strategic Insights

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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.

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 andorthopaedic 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.

MARKET PLAYERS

The reports cover key developments in the bioactive materials market, such as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships, and collaborations. These activities have paved way for expansion of business and customer base of market players. Players operating in the bioactive materials market are anticipated to experience lucrative growth opportunities in the coming years with the rising demand for bioactive materials. The list of a few companies engaged in the bioactive materials market is mentioned below:

• Biomatlante
• LASAK s.r.o. 
• Medtronic
• Stryker 
• Pulpdent 
• CERAVER 
• Collagen Matrix 
• NORAKER 
• OSARTIS GmbH 
• Mo-Sci Corporation 

The report includes the key profiles of companies operating in the bioactive materials market, along with their SWOT analysis and market strategies. It also focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years.

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Report Scope

Bioactive Materials Market Regional Insights

The regional trends and factors influencing the Bioactive Materials Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Bioactive Materials Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Bioactive Materials Market Report Scope

Bioactive Materials Market Players Density: Understanding Its Impact on Business Dynamics

The Bioactive Materials Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Bioactive Materials Market are:

1. Medtronic
2. Zimmer Biomet
3. Stryker
4. C.I. TAKIRON Corporation
5. Arthrex, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.