As per a new report published by Fact.MR, a market research and competitive intelligence provider, the global bioactive materials market is anticipated to exceed a valuation of around US$ 2.1 Bn in 2021, and register a CAGR of around 11.3% over the projection period of 2021 to 2031.
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While recent advancements in surgeries have led to a surge in the sales of medical devices, it has also triggered the sales of advanced materials that make surgeries effective and safer. According to Fact.MR, bioactive materials have also gained traction owing to their suitability in medical implants, human tissue healing, molecular probes, biosensors, and drug delivery systems. Sealants and patches developed with bioactive materials have shown to withstand lung pressures as well as efficiently treating lung leaks.
The burden of surgery from non-communicable diseases such as cancer and cardiovascular & metabolic diseases has been continuously growing, thus necessitating the need for advanced surgery support technologies. As the understanding of immune response to biomaterials builds with future research in this field, it can lead to enhanced incorporation of implants into host tissues, consequently nudging the demand for bioactive materials toward northward.
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Key Takeaways from Market Study
- Together, North America and Europe command over 65% of global bioactive material revenue, owing to their advanced healthcare infrastructure.
- The market in South Asia is expected to witness a CAGR of over 14% during the forecast period.
- Revenue through bioactive glass ceramic is expected to increase 160 BPS during 2021 – 2031.
- Powdered bioactive materials account for over two-fifth of global demand; however, demand for injectable bioactive materials is expected to grow at a faster pace.
- Together, dentistry and surgery applications make up more than 70% revenue share of bioactive materials.
- Top five players manufacturing bioactive materials accounted for 23% market share in 2020.
“The food industry has been ever-ready to adapt to new food packaging technologies. Sales of bioactive materials can gain significant traction in food packaging when commercialized.” says a Fact.MR analyst.
Market Segments Covered in Bioactive Materials Industry Analysis
- By Material
- Bioactive Glass
- Bioactive Glass Ceramic
- Bioactive Composite Material
- Other Bioactive Materials
- By Type
- Powdered Bioactive Materials
- Moldable Bioactive Materials
- Granulated Bioactive Materials
- Injectable Bioactive Materials
- By Application
- Bioactive Materials for Dentistry
- Bioactive Materials for Surgery
- Bioactive Materials for Bioengineering
- Bioactive Materials for Other Applications
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
Report Benefits & Key Questions Answered
- Bioactive Materials Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Bioactive Materials Market Historical volume analysis: The report provides a comparison of Canned Cocktails Market historical sales and projected sales performance for 2021-2031.
- Bioactive Materials Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Bioactive Materials Market It carefully gauges the impact of changing healthcare needs of key demographics globally
- Bioactive Materials Market Consumption by demographics: The report investigates consumer behavior affecting Bioactive Materials Market demand outlook for the assessment period. Effect of their keenness for digital trends on Bioactive Materials Market is carefully analyzed
- Post COVID consumer spending on Bioactive Materials Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Bioactive Materials Market growth.
For More Insights- https://www.einpresswire.com/article/556610765/x-ray-fluoroscopy-market-neurosurgery-is-expected-to-lead-the-market-by-application-accounting-for-6-5-cagr
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