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The bioactive glass market size is estimated to grow at a CAGR of 16.98% between 2022 and 2027. The market size is forecast to increase by USD 970.22 million. The growth of the market depends on several factors, including the high demand for dental care and cosmetic dentistry, the growing prevalence of orthopedic disorders, and the increasing number of dental conditions.
This bioactive glass market report extensively covers market segmentation by product (silicate-based glass, phosphate-based glass, and borate-based glass), application (medical, dentistry, cosmetics, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The high demand for dental care and cosmetic dentistry is notably driving the market growth, although stringent regulations and product recalls of bioactive glass may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
High demand for dental care and cosmetic dentistry is notably driving the bioactive glass market growth. A high incidence of oral diseases such as periodontal disease can lead to tooth loss and infection. Therefore, there is a high demand for dental care techniques such as dental implants, dental bridges, and dentures to maintain oral care and treat dental problems. Advances in dental technology, such as teledentistry, digital x-rays, lasers, and the inclusion of dental insurance in the National Health Insurance (NHI) bill are the factors driving the growth of the market. This will increase the demand for bioactive glasses used in dental implants, driving the growth of the market during the forecast period.
Inorganic growth strategies by the vendors are a key trend influencing the bioactive glass market growth. Vendors are implementing various strategies to expand their product portfolio. They pursue various business strategies such as mergers and acquisitions to increase market presence and sales of the orthodontic product line. Vendors are also increasingly collaborating with other companies and research institutes to develop new technologies, enhance their product offerings, and expand their distribution networks. Such strategies offer vendors an opportunity to increase their profit margins.
For example, recently, Heraeus Group announced the acquisition of Mo-Sci Corp, which is a major player in the supply of medical and specialty glass. Therefore, these inorganic growth strategies adopted by the vendors operating in the market will propel the market during the forecast period.
Stringent regulations and product recalls of bioactive glass are challenging the bioactive glass market growth. Government regulations and product recalls can impact vendor revenues and thereby affect market growth. Regulatory bodies impose a strict regulatory framework on bioactive glasses. Medical devices must undergo safety and efficacy evaluations before being approved. Failure to comply with such regulations and laws may hinder new product launches and thus adversely affect market growth. The sterility of bioactive glasses is a major concern for manufacturers and distributors.
On several occasions, such recalls have resulted in corrective procedures for the patient. Additionally, the use of defective bioactive glasses also affects the body parts to which the bioactive glasses are applied. As such, the manufacture and sale of bioactive glasses are highly regulated and require regulatory approval. Products that do not meet regulations are expected to lead to recalls and impact sales volumes, adversely affecting the market growth during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Bioactive Glass Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BioMin Technologies Ltd: The company has developed specialized toothpaste, such as BioMin toothpaste, which uses bioactive glasses to protect patients' teeth and help to reduce sensitivity and tooth decay.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the silicate-based glass segment will be significant during the forecast period. Silicate-based glasses are used in dental and orthopedic surgery as they aid in bone regeneration. Lower extremity fractures and dislocations, total and partial hip replacements, and spinal fusions are some of the major orthopedic diseases requiring the use of silicate-based bioactive glasses. Bioactive glasses are used for spinal fixation after cervical and lumbar surgery. The biomaterial transmits low-level electrical signals to stimulate the natural bone healing process.
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The silicate-based glass segment was valued at USD 191.98 million in 2017 and continued to grow until 2021. Diseases such as tooth decay and periodontal disease are among the most common and significant oral health burdens in the world. These diseases are caused by excessive sugar intake and insufficient exposure to fluoride. Smoking is also believed to be the main risk factor for periodontal disease in adults. The frequency of oral diseases is increasing. Long-term exposure to various risk factors that cause oral disease leads to tooth decay. People with this condition, therefore, need dental implants, which are glass made of silicate. The rising incidence of various oral diseases is expected to drive the segment and hence the growth of the market during the forecast period.
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North America is estimated to contribute 43% to the growth of the global bioactive glass market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The United States is the largest contributor in North America due to the increasing prevalence of dental disease, the growing popularity of dental procedures, and growing awareness and interest in oral health. The United States is the main source of revenue for the North American market. Market growth in the region can be attributed to the number of product approvals, the strong presence of established suppliers such as Zimmer and Stryker, and the increasing prevalence of dental disease and related risk factors. In addition, rising healthcare costs and an increase in dentists and dental facilities are boosting the market growth in the region.
The COVID-19 outbreak slowed down the growth of the market in 2020. The implementation of stringent lockdown measures has halted the production of these products, negatively impacting bioactive glass production across the world and hampering market growth in 2020. However, the situation stabilized at the end of 2021 as the pandemic was gradually contained with the lifting of lockdowns and mass vaccination campaigns. Additionally, hospitals across the world started reopening various types of orthopedic and dental practices, which increased the need for bioactive glasses. Additionally, the growing demand for bioactive glasses for dental and orthopedic surgery will drive the market during the forecast period.
The bioactive glass market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global bioactive glass market as a part of the global healthcare supplies market that primarily includes manufacturers of medical products, including all types of consumables such as consumables and disposables such as safety pins, syringes, and catheters. The parent global healthcare supplies market includes products and companies engaged in the research and development of various product categories spanning medical consumables used in the diagnosis and treatment of various diseases.
Bioactive Glass Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.98% |
Market growth 2023-2027 |
USD 970.22 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
16.04 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 43% |
Key countries |
US, UK, China, India, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Arthrex Inc., BioMin Technologies Ltd., Bonalive Biomaterials Ltd., Curasan Inc., Ferro Corp., GlaxoSmithKline Plc, Johnson and Johnson Services Inc., Koninklijke DSM NV, LASAK s.r.o., Matexcel, Merck KGaA, Mo-Sci Corp., NanoFUSE Biologics LLC, NORAKER, NovaBone Products LLC, Pulpdent Corp., SCHOTT AG, Stryker Corp., Synergy Biomedical LLC, and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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