The global bioactive materials market is expected to reach
USD 3.29 billion by 2025, according to a new report by Grand View Research,
Inc. The market is expected to witness a CAGR of 10.1% over the forecast
period, owing to rising substitution of engineered plastics in implants.
Increasing healthcare expenditure
by the consumers is expected to drive the demand for bioactive materials over
the forecast period. Rising geriatric population is likely to trigger the
demand for such products primarily for use in the production of prosthesis and
implants, thereby driving the market over the next eight years.
Growing use of bioactive
materials for coating metal implants to promote bone healing &
osteogenesis, and mitogenesis of undifferentiated cells is expected to drive
the market growth over the forecast period. The demand for such products is
likely to rise on account of growing product adoption by consumers including
hospitals and private surgeons.
The industry is expected to
benefit from the rising technological advancements across the globe. In addition,
the products are expected to gain traction over the forecast period driven by
the superior performance in bone regeneration surgeries.
U.S. bioactive materials market revenue by type, 2014 -
2025 (USD Million)
Browse full research report on Bioactive Materials Market: http://www.grandviewresearch.com/industry-analysis/bioactive-materials-industry
Further key findings from
the report suggest:
- Glass
accounted for a market share of 37.7% in 2016, of the material segment,
growing at a CAGR of 12.4% from 2017 to 2025, owing to its successful
clinical applications and rising use in tissue engineering
- Powder
accounted for 23.4% of the overall revenue share in 2016, due to high
demand in tooth implants and other dentistry applications driven by
superior amalgamation properties
- The market
for bioactive materials in surgery is expected to grow at CAGR of 11.3%
from 2017 to 2025. Recent advancements in the stem cell technology have
boosted the demand for bioactive materials in the field of medicine and
science and the trend is expected to sustain over the forecast period
- North America
accounted for the highest global share of 37.0% in 2016 driven by high per
capita healthcare spending owing to Affordable Care Act (ACA) introduced
by the Obama administration in 2010
- Key
participants of the industry include Zimmer Holding Inc., Medtronic Inc.,
Stryker Corporation, and Depuysynthes, with the companies focusing on new
technology, excellent performance and customized products to gain market
share
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-bioactive-materials-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
No comments:
Post a Comment