According to the latest market research study released by Technavio, the global bioactive materials market is expected to grow at a CAGR of more than 13% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global bioactive materials market based on type:
Global bioactive materials market share by type 2015
|
Bioactive Glass, Glass-Ceramics, and Ceramics |
58.0% |
|
Bioactive Composites |
39.0% |
|
Bioactive Coatings |
3.0% |
Source: Technavio
Global bioactive glass, glass-ceramics, and ceramics market
The global bioactive glass, glass-ceramics, and ceramics market was estimated at over $658 million in 2015 and is expected to grow at a CAGR of about 14% by 2020. The growing demand in the field of healthcare for biomaterials like bioactive glass, glass-ceramics, and ceramics will propel the growth of this market segment during the forecast period. Bioactive glass is mixed with elements like copper, zinc, and strontium and is used in bone regeneration and healing of soft tissue wounds. The extensive use of brittle bioactive glass combined with a biocompatible polymer matrix, in the field of orthodontic and medical applications, will help in the progress of this market segment in the coming years.
“The combination of these materials with polymeric bio-substitutes enables them to be used in a wide range of biomedical and healthcare applications. Bioactive glass, glass-ceramics, and ceramics are composed of silicon dioxide, sodium oxide, calcium oxide, and phosphorus pentoxide. The vendors are focusing on advancements in tissue engineering and endodontics to introduce and launch more innovative products and increase their sales during the forecast period,” says Ajay A, a lead analyst at Technavio for research on bio-chemicals and bio-materials.
Global bioactive composites market
The global bioactive composites market was estimated at around $443 million in 2015 and is expected to grow at a CAGR of almost 13% by 2020. The increased use of bioactive composites in the field of endodontics and for the production of scaffolds will lead to the growth of this market segment. These materials have better tensile and elastic properties that enables the use of these in resin matrices for dental applications, mimicking the chemical and physical properties of natural teeth. Scaffolds are classified as biotoxic, bioinert, bioresorbable, biodegradable, and bioactive and the biodegradable scaffolds that are in use currently in tissue engineering applications. The primary materials used in bioactive composites are carbon, carbon wire, and carbon fiber and these are suitable for the usage in joint implants and heart valves. These materials also have properties like robustness, rigidity, and strength and this will lead to the further growth of this market segment over the next four years.
Global bioactive coatings market
The global bioactive coatings market was estimated at around $34 million in 2015 and is expected to grow at a CAGR of about 10% by 2020. The use of bioactive coating in medical grade alumina and metals is the primary driver of this market segment. Hydroxyapatite has been used as a coating material in most dental and orthopedic applications. These materials improve biomechanical properties and provide a combination of its own adhesive biological properties with the mechanical properties of metallic implants. These methods used for bioactive coating include electrophoretic deposition, flame spraying, ion beam sputtering, sol-gel deposition, and radio frequency deposition. These materials are corrosion-resistant when coupled with a high-calcium matrix and are used with a combination of therapeutic agents, immobilizers, and adhesion proteins. The vendors in the market are developing innovative technologies involving bioactive coatings to increase the longevity of bio-implants.
The top leading vendors operating in the global bioactive materials market are:
- DePuy Synthes
- Kyocera
- Medtronic
- Stryker
- Zimmer Biomet
A more detailed analysis is available in the Technavio report titled, ‘Global Bioactive Material Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Bioplastics Market 2016-2020
- Global Carotenoids Market 2016-2020
- Global Bioactive Ingredients Market 2015-2019
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