Bioactive Materials Market (2021 - 2028) Size, Share & Trends Analysis Report By Material (Glass, Composites), By Type (Moldable, Powder), By Application (Dentistry, Surgery), By Region (APAC, North America), And Segment Forecasts

Bioactive Materials Market Summary

The global bioactive materials market size was estimated at USD 2.0 billion in 2020 and is projected to reach USD 5.85 billion by 2028, growing at a CAGR of 14.0% from 2021 to 2028. Rising demand for superior implantable materials coupled with the increasing concern to replace the traditional use of metal implants is expected to drive the market growth over the forecast period.

The bioactive materials have a greater and stronger bond capacity with fluids and tissues, which drives their demand for body tissue healing and repairing purposes in the medical and healthcare industry. In addition, their application in the production of antibacterial products, pharmaceuticals, cosmetics, and others is driving the market growth.

The U.S. is anticipated to be the largest market in the North America region owing to the increasing emphasis on the development of healthcare facilities. In addition, the country is expected to witness an increase in dentistry and dental care-related application as per the American Dental Association (ADA), thereby augmenting the overall market growth in the coming years. The rising global geriatric population along with changing eating habits is also projected to boost the product demand, especially in dentistry applications.

Furthermore, the increasing product usage in various orthopedics surgeries and bioengineering applications is contributing to the market development. The materials specialize in transplants, repairing, regeneration, and reconstruction of cells, which is expected to drive their demand and support overall market growth in the years to come.

These products are resistant to wear & tear, bacterial micro-leakage, and moisture, which is increasing their demand in various application industries. However, the high set-up cost of advanced tools and technology used in the processing and application is expected to act as a major restraint for the growth of the global market.

Type Insights

The powder type segment accounted for the largest revenue share of over 43% in 2020 on account of high demand for powdered products due to their simplified and successful application as a filler in the complex organ structures and capability of stimulating cell proliferation in the healthcare industry.

Powdered products effectively allow the transport of body fluids and growth of tissue through the implant process. Increasing metallurgical techniques and related studies for the fabrication of different types of bioactive materials in the field of orthopedics are expected to fuel segment growth in the years to come.

Granules are the third-largest product type used in various application industries, such as dentistry, surgery, and bioengineering. It is widely used in the form of bioactive glass granules as a bone substitute material. The same results in better bone-contact in surgery and various connections of implants that are projected into bone cavities.

The others type segment includes ceramics and moldable & injectable types, which find application in the formation of medicines and post-implant regeneration of cells & tissues. Rising technological advancements in dentistry and surgical procedures are expected to have a positive impact on the market growth during the forecast period.

Material Insights

The glass segment led the market in 2020 and accounted for more than 30% share of the global revenue. The segment is estimated to expand further at the fastest CAGR from 2021 to 2028. This growth is attributed to the bioactivity and biocompatibility of the implant material in the human body as the main bonding agent. The same leads its usage in the application of repairing and replacement of damaged or broken bones, which, in turn, is propelling the segment growth.

Moreover, the ability to regenerate dental hard tissues, especially on the acid-affected skin, by the application of materials, such as calcium, phosphate, and other ions, drives the demand for glass materials. The composites segment is estimated to account for the second-largest revenue share by 2028.

Glass-ceramics materials exhibit low fracture toughness, brittleness, and apatite formation on their surface in the body. These exceptional properties of various glass-ceramics consisting of materials, such as silicon dioxide, calcium oxide, and phosphorous, are contributing to the growth of the glass-ceramics segment.

Other materials used in the product manufacturing include synthetic hydroxyapatite bioglass, and bioresorbable biomaterials (polylactic–polyglycolic acid copolymers and tricalcium phosphate). The use of these products results in the formation of a biologically active carbonate apatite layer on various implants and, which, in turn, is expected to drive the others segment growth over the forecast period.

Application Insights

The dentistry application segment led the market and accounted for more than 45% of the global revenue share in 2020 owing to the increased consumer spending on dental treatments, such as root canals. The rise in the use of materials, such as calcium hydroxide, ceramics, and calcium phosphate, is likely to drive product demand in this application segment over the forecast period. The rise in demand for pulp capping materials, permanent restoration of teeth, and tooth re-mineralization is also widening the scope of product application in dentistry.

The product demand in the surgery application segment is expected to grow at a significant rate over the projected period owing to its advanced and post-surgery performance. Moreover, a rise in the adoption of advanced surgical procedures involving plastic surgery, tissue augmentation, and craniofacial reconstruction is expected to propel the demand over the forecast period. Other product applications include implants related to heart valves, grafts & stents, artificial, joints, tendons and ligaments, and devices that stimulate nerves and cell proliferation.

Regional Insights

North America led the global bioactive materials market in 2020 and accounted for the largest revenue share of over 39%. The regional market will grow further at a significant rate over the forecast period due to the increasing number of orthopedic and dental surgeries. However, Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2028 owing to the increasing healthcare expenditure in key economies, such as China, India, and Japan. In addition, supportive government policies and investments favoring the growth of the healthcare sector are augmenting the market growth in the region.

Rising cases of oral-pre-cancer and cancers in the region due to high consumption of tobacco products in countries like China and India are expected to increase the product demand in dentistry and surgery applications. The market in Europe is likely to witness promising growth over the projected period owing to the rising consumer awareness about health and well-being. Moreover, rising product adoption in the healthcare sector is expected to have a positive impact on market growth over the forecast period.

Key Companies & Market Share Insights

The major companies are trying to come up with cost-effective and advanced-implant-oriented products to cater to rising demand and thus leading to overall market growth. The market highly depends upon the research institutions and government support for various product and technological approvals. Various business strategies adopted by key players, such as technical collaborations and M&A, are expected to contribute to the industry growth. Some prominent players in the global bioactive materials market include:

• Zimmer Holding Inc.

• Medtronic Inc.

• Stryker Corporation

• DePuy Synthes

• Biomatlante

• Arthrex, Inc.

• Pulpdent Corporation

• Bioactive Bone Substitutes Oy

• Lasak s.r.o

• Bioretec Ltd.

• Noraker

• Septodont Holding

• C.I. TAKIRON Corporation

Bioactive Materials Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global bioactive materials market report on the basis of material, type, application, and region:

• Material Outlook (Revenue, USD Million, 2017 - 2028)

  • Glass

  • Glass Ceramics

  • Composites

  • Others

• Type Outlook (Revenue, USD Million, 2017 - 2028)

  • Powder

  • Moldable

  • Granules

  • Others

• Application Outlook (Revenue, USD Million, 2017 - 2028)

  • Dentistry

  • Surgery

  • Bioengineering

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

  • Middle East & Africa