Bioactive Materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Bioactive Materials Market covers analysis by Type (Bioactive Glass, Bioactive Ceramics, Bioactive Composites, and Others), Application (Orthopaedic, Dental Care, Bioengineering, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00003221
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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The bioactive materials market was valued US$ 2,000 Million in 2022, it is estimated to grow at a CAGR of 13.0% from 2022 to 2031

Bioactive materials exhibit biological activities to stimulate the response of the biological system when the materials are required to have clinical effects. Bioactive materials are clinically used as an important substitute for bones. In addition, bioactive materials find wide application in plastic surgery and body reconstruction, including tissue augmentation, craniofacial reconstruction by utilization of bone and skin substitutes and soft-tissue fillers, wound repair, and scar-reduction technologies. For instance, the properties of bioactive glass, such as high biocompatibility, antimicrobial features, and bioactivity in the internal environment of the body, have made it a useful biomaterial in various fields of medicine and dentistry. 

MARKET DYNAMICS

The huge growth in the surgical procedure field is creating demand for different bioactive materials. The growing number of the global geriatric population and the increasing demand for tissue replacement surgeries are fuelling the bioactive materials market growth. Further, dental filling bioactive materials are gaining popularity as they are durable, restore minerals in teeth, and reduce the process of secondary tooth decay more effectively. Bioactive glass is highly used in dentistry for dental restorative materials, mineralizing agents, as a coating material for dental implants, and root canal treatments. Thus, the increasing demand for bioactive materials from various application fields such as orthopaedic, dental care, and bioengineering is mainly driving the bioactive materials market growth.

MARKET SCOPE

The "Global Bioactive Materials Market Analysis to 2028" is a specialized and in-depth study of the bioactive materials market with a special focus on the global market trend analysis. The report aims to provide an overview of the bioactive materials market with detailed market segmentation. It also provides key statistics on the market status of the leading players operating in the bioactive materials market and offers an analysis of major trends and opportunities in the bioactive materials market.

Strategic Insights

MARKET SEGMENTATION

The global bioactive materials market is bifurcated into type and application. Based on type, the market is segmented into bioactive glass, bioactive ceramics, bioactive composites, and others. Based on application, the market is segmented into orthopaedic, dental care, bioengineering, and others.


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REGIONAL FRAMEWORK

The global bioactive materials market is segmented into five major regions North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.

Asia Pacific is expected to register the highest CAGR during the forecast period. The Asia Pacific bioactive materials market growth is majorly attributed to the increasing number of orthopaedic and dental surgeries, rising cases of oral-pre-cancer, and increasing healthcare expenditure in countries such as China, India, and Japan. Additionally, various investments favoring the growth of the healthcare sector in the region fuel the market growth. The below figure showcases the revenue growth trend in the bioactive materials market:

Bioactive Materials MarketSource: The Insight Partners Analysis

The report analyses factors, such as affecting drivers, restraints, opportunities, and future trends, that impact the bioactive materials market. It also provides exhaustive Porter’s five forces analysis, highlighting the factors affecting the bioactive materials market in these regions.

IMPACT OF COVID-19 PANDEMIC

The bioactive materials market has been mainly driven by the growing use of different bioactive materials in orthopaedic, dental care, and bioengineering before the onset of the COVID-19 pandemic. However, the pandemic has hampered the growth of the bioactive materials market. The COVID-19 pandemic has affected the healthcare system drastically, including dental care practices. Various dental practices have suffered a huge loss in revenue due to the pandemic. According to a survey by the Oral Health Group, ~46% of dentists reported a significant drop in revenue due to the impacts of the pandemic on their dental practices. As a result of the adverse impacts of the COVID-19 pandemic, the demand for bioactive materials from dental care and orthopaedic declined as only critical surgery procedures were given priority.

As various economies are reviving their operations, the demand for bioactive materials is also improving. According to the American Dental Association, in February 2021, the average patient volume reached 81% of pre-COVID levels, thus showing recovery. The resumption of regular clinical practice at dental premises is expected to positively influence the bioactive materials market growth during the forecast period.

World Geography
Strategic Insights

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MARKET PLAYERS

The reports cover key developments in the bioactive materials market, such as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships, and collaborations. These activities have paved way for expansion of business and customer base of market players. Players operating in the bioactive materials market are anticipated to experience lucrative growth opportunities in the coming years with the rising demand for bioactive materials. The list of a few companies engaged in the bioactive materials market is mentioned below:

  • Biomatlante
  • LASAK s.r.o. 
  • Medtronic
  • Stryker 
  • Pulpdent 
  • CERAVER 
  • Collagen Matrix 
  • NORAKER 
  • OSARTIS GmbH 
  • Mo-Sci Corporation 

The report includes the key profiles of companies operating in the bioactive materials market, along with their SWOT analysis and market strategies. It also focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years.

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Market Research

chemicals-and-materials
Research Criteria
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

The List of Companies

1. Medtronic
2. Zimmer Biomet
3. Stryker
4. C.I. TAKIRON Corporation
5. Arthrex, Inc.
6. DePuy Synthes
7. Biomatlante
8. BBS-Bioactive Bone Substitutes Plc
9. LASAK s.r.o.
10. PULPDENT Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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