by The global bioactive materials market is experiencing a significant surge in growth, driven by the widespread adoption of these materials in nanomedicines, mechanical interlocks, dental procedures, and bone tissue healing. The regenerative and repair properties of bioactive materials have expanded their applications in endodontic procedures like root canals. As per the American Association of Endodontics, the United States alone witnesses over 15 million root canal surgeries every year, and this number is steadily increasing. Additionally, bioactive materials find use in cosmetic dental applications, such as teeth restoration, tooth re-mineralization, and pulp capping, further boosting market growth.
Bioactive Glass: The Rising Star
Bioactive glass is emerging as a highly sought-after material in the market. Its growing demand can be attributed to its exceptional biocompatibility and bioactivity, making it an ideal implant material with excellent bonding capabilities within the human body. Bioactive glass is increasingly used for repairing and replacing broken or damaged bones, and it also plays a crucial role in regenerating dental hard tissues, especially in cases of acid damage. The expanding applications of bioactive glass are expected to contribute significantly to the overall growth of the bioactive materials market.
North America Takes the Lead, Asia Pacific Gains Momentum
The bioactive materials market is thriving in North America, driven by a robust healthcare infrastructure, stable GDP per capita growth, and substantial investments in medical technology. The region has seen a rise in dental and orthopedic surgeries, driven by an aging population. In the United States, individuals aged 65 and above constitute approximately 16.5% of the population, necessitating efficient medical therapies for gum problems and tooth decay.
Meanwhile, in the Asia Pacific region, demand for bioactive materials is poised for substantial growth, primarily due to an increasing number of cancer cases. The need for nanomedicines in cancer treatment is bolstering the bioactive materials market. For example, oral cancer cases are on the rise in countries like India and China, according to the National Central Cancer Registry of China. This trend is driving the adoption of advanced medical technologies in the Asia Pacific region, contributing to the growth of the bioactive materials market.
Competitive Landscape
Key players in the bioactive materials market are actively engaging in collaborations, partnerships, and strategic alliances to strengthen their market positions. Notable examples include Strykers acquisition of Wright Medical Group NV, Amasa Therapeutics royalty-bearing license from Lineage Cell Therapeutics Inc, and the distribution agreement signed between Arthrex and Celularity.
Major players in the bioactive materials market include Boston Scientific, Arthrex, DSM, Depuy Synthes, Zimmer Holdings Inc., Stryker Corporation, Bioretec Ltd., Evonik, and Biomatlante.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/bioactive-materials-market
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COMTEX_442052546/2840/2023-10-18T00:49:42
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
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