USD 2.26 billion
Bioactive Materials Market Size, Share, Growth Analysis, By Type(Natural Biomaterial, Metallic Biomaterial, Ceramic Biomaterial, and Polymeric Biomaterial), By Application(Neurology, Cardiology, Orthopedics, Ophthalmology), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35H2177 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
69
|Figures:
75
Bioactive Materials Market Insights
Global Bioactive Materials Market size was valued at USD 2.26 billion in 2022 and is poised to grow from USD 2.55 billion in 2023 to USD 6.79 billion by 2031, growing at a CAGR of 13% during the forecast period (2024-2031).
The market is poised for growth as the demand for advanced implantable materials rises and concerns surrounding the conventional use of metal implants prompt a shift. The bioactive materials exhibit robust bonding capabilities with fluids and tissues, making them sought after for medical and healthcare applications in tissue healing and repair. Their utility extends to the production of antibacterial products, pharmaceuticals, and cosmetics, propelling market expansion.
The burgeoning adoption of these materials in diverse orthopedic surgeries and bioengineering ventures plays a pivotal role in market advancement. Their specialization in cellular transplants, repair, regeneration, and reconstruction reinforces their demand and underpins overall market growth in the foreseeable future.
Notably resistant to wear, bacterial infiltration, and moisture, these materials are gaining traction across multiple industries. However, the substantial initial investment required for sophisticated processing tools and technology might restrain global market expansion.
US Bioactive Materials Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Powder
Fastest Growth
Powder
Growth Rate
13% CAGR
Global Bioactive Materials Market ($ Bn)
Country Share for North America Region (%)
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Bioactive Materials Market Segmental Analysis
The global bioactive materials market is segmented on the basis of type, application, region. By type, the market is segmented into powder, moldable, granules, and others. By application, the market is segmented into dentistry, surgery, bioengineering, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa
Bioactive Materials Market Analysis By Type
With a significant share surpassing 43%, the powder type segment emerged as a dominant revenue contributor. This prominence can be attributed to the robust demand for powdered offerings, primarily owing to their straightforward and successful utilization as fillers within intricate organ structures. Notably, these products also possess the unique capability to stimulate cell proliferation within the healthcare sector.
Granules, constituting the third-largest product category, hold multifaceted applicability across diverse industries such as dentistry, surgery, and bioengineering. Specifically, the prevalent use of bioactive glass granules as bone substitute materials significantly enhances bone-implant interaction during surgeries and various implant connections within bone cavities.
Bioactive Materials Market Analysis By Application
Dominating the market, the dentistry application segment took the lead, contributing to over 45% of the global revenue share. This commanding position is primarily attributed to the escalated consumer expenditure on dental treatments, encompassing procedures like root canals. The increasing employment of materials such as calcium hydroxide, ceramics, and calcium phosphate is poised to steer the demand for these products within this application segment across the projected period. Moreover, the surging requirement for pulp capping materials, the lasting restoration of teeth, and tooth remineralization are broadening the horizons of product utilization within the field of dentistry.
Anticipated to exhibit noteworthy growth, the surgery application segment is expected to evolve rapidly throughout the forecast period. This projection is substantiated by the product's advanced post-surgery performance. Furthermore, the uptick in the adoption of cutting-edge surgical procedures encompassing plastic surgery, tissue augmentation, and craniofacial reconstruction is forecasted to propel demand in the coming years. Other applications encompass a spectrum of uses, including heart valve implants, grafts, stents, artificial joints, tendons and ligaments, as well as devices designed for nerve stimulation and cell proliferation.
Global Bioactive Materials Market By Type
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Bioactive Materials Market Regional Insights
Taking the lead, North America emerged as the frontrunner in the global bioactive materials market, commanding an extensive revenue share surpassing 39%. This regional dominance is poised to extend further, exhibiting noteworthy growth throughout the forecast period. The impetus driving this expansion primarily stems from the escalating count of orthopedic and dental surgical procedures. This trend underscores the region's advanced healthcare infrastructure and the robust demand for bioactive materials to facilitate enhanced medical outcomes.
Meanwhile, the Asia Pacific region is poised to establish itself as the fastest-growing market segment from 2022 to 2030. This trajectory is underpinned by the escalating healthcare expenditures observed within key economies like China, India, and Japan. Supportive governmental policies and strategic investments dedicated to fostering healthcare sector advancement significantly contribute to the burgeoning growth experienced within this region.
Intriguingly, the region's elevated consumption of tobacco products, particularly in countries such as China and India, has led to a surge in cases of oral pre-cancer and cancers. This alarming health concern is anticipated to substantially drive the demand for bioactive materials, particularly within the dentistry and surgery applications, as these materials play a pivotal role in addressing such conditions and facilitating effective medical interventions.
Global Bioactive Materials Market By Geography
- Largest
- Fastest
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Bioactive Materials Market Dynamics
Bioactive Materials Market Drivers
Rising Healthcare Expenditure
- In order to improve patient outcomes and enable improved treatment options, there is an increasing demand for sophisticated medical materials, particularly bioactive materials, across all regions.
Advancements in Medical Technology
- The creation of novel bioactive materials with improved capabilities for tissue regeneration and medical implants is now possible because of technological developments in materials science and medical research.
Focus on Personalized Medicine
- The desire for bioactive materials that can be customized to meet the demands of specific patients is being driven by the shift toward personalized treatment, which promotes quicker recovery and better results.
Bioactive Materials Market Restraints
High Research and Development Costs
- Significant R&D expenditures are essential for the development and commercialization of bioactive material. Which can be expensive for niche market players.
Limited Awareness
- The widespread implementation of bioactive materials may be hampered in some areas by patients and healthcare professionals lacking knowledge of their advantages and uses.
Stringent Regulatory Approvals
- Strict regulatory criteria for safety and efficacy apply to the medical sector. The prolonged and difficult process of obtaining regulatory authorization for new bioactive materials might impede industry expansion.
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Bioactive Materials Market Competitive Landscape
The global bioactive materials market is highly competitive, with both well-established market leaders and newcomers competing to meet the rising demand for cutting-edge medical solutions. Due to their considerable experience and dedication to innovation, major market players like Johnson & Johnson, Straumann Group, and Zimmer Biomet Holdings continue to have a significant presence. These industry giants leverage their global reach, brand recognition, and robust distribution networks to maintain a competitive edge.
Bioactive Materials Market Top Player’s Company Profiles
- Medtronic plc (Ireland)
- Evonik Industries AG (Germany)
- Carpenter Technology Corporation (United States)
- Berkeley Advanced Biomaterials (United States)
- Invibio Ltd (United Kingdom)
- Zimmer Biomet Holdings, Inc. (United States)
- BASF SE (Germany)
- Covalon Technologies Ltd (Canada)
- Stryker (United States)
- Johnson & Johnson (United States)
- Dentsply Sirona (United States)
- CoorsTek Inc. (United States)
- Corbion (Netherlands)
- Royal DSM NV (Netherlands)
- 3M Company (United States)
- Amedica Corporation (United States)
- Ceramtec GmbH (Germany)
- Cam Bioceramics (South Korea)
- Alphatec Spine, Inc. (United States)
- Wright Medical Group, Inc. (United States)
Bioactive Materials Market Recent Developments
- In June 2023: An innovative bioactive adhesive developed for wound healing was unveiled by University of Oxford researchers.
- In May 2023: An innovative bioactive cement created for orthopedic surgery was introduced by Zimmer Biomet.
- In April 2023: Researchers at the University of Toronto announced a revolutionary bioactive covering for metal implants.
Bioactive Materials Key Market Trends
- Rise of 3D Printing: The use of 3D printing in the medical industry has made it easier to tailor and create bioactive materials for implants and medical equipment customized for patients.
- Multifunctional Materials: To meet a wider range of medical needs, researchers are concentrating on creating bioactive materials with multipurpose qualities, such as antimicrobial effects.
- Integration of Nanotechnology: Researchers are focusing on developing bioactive materials with multifunctional properties, like antimicrobial effects, to address a larger range of medicinal demands.
Bioactive Materials Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global bioactive materials market analysis, the global bioactive materials market is undergoing a transformation as a result of advances in medical technology and an increasing focus on individualized healthcare solutions. Key drivers of the market's trajectory include the rising need for improved implantable materials, growing health and well-being consciousness, and the expanding range of applications for bioactive materials across industries including medicine, dentistry, and surgery. Innovative companies coexist with long-standing members of the sector in the competitive scene, and both are working to create advanced bioactive materials to address changing medical needs.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.26 billion |
| Market size value in 2031 | USD 6.79 billion |
| Growth Rate | 13% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bioactive Materials Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bioactive Materials Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Bioactive Materials Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bioactive Materials Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bioactive Materials Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bioactive Materials Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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