Bioactive Glass Market: Global Opportunity Analysis and Industry Forecast 2023-2030 Market

Bioactive Glass Market Analysis :

Bioactive glass is a biomaterial made of glass and ceramic. The biodegradability and biostability of this material have led to its increased use in the medical sector to repair bones and for implants. The components of bioactive glass are phosphorus, sodium, calcium, and silicon. They are compatible for surgical operations within human tissues and are used to make medical devices and instruments. Countries have started using bioactive glass due to increase in population and the requirement to meet their medical aids. The glass is used in grafting and implantation. Attributed to the development in the healthcare sector and its expenditure, countries, such as the U.S., India, and China, have been increasing the use of bioactive glass. Therefore, these factors are expected to lead to the market growth in coming years.

COVID-19 analysis:

• The medial industry is the major consumer of bioactive glass; therefore, emergence of COVID-19 situation has come up with positive signs for this market. 
• As the medial industry is operating in this pandemic situation and other industries have ceased their operations, the demand for bioactive is increasing at a significant rate across the globe.   

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis:

Several counties across the globe are registering growth in their population. Recently, a major chunk of the population in several counties have been observed to be moving to urban areas in search of better employment opportunities, better environment, and better life style. Developing countries, such as India and China, face the need of high-quality medical services, owing to urbanization. This is one of the major factors that drive the bioactive market. In terms of application in the medical sector, bioactive glass is used to make medical devices and artificial grafts. It is also extensively used in the process of repairing bones and in the bone structure. Attributed to the increase in population, the disposable income of consumers is also increasing. This fuels the growth of the bioactive growth market as a considerable number of consumers spend more on medical facilities. The medical sector is the major consumer of bioactive glass. It finds application in medical procedures such as grafting of benign bone tumor defects and repairing the damaged tissue of bones. Therefore, various applications of bioactive glass in the medical sector are expected to witness significant growth over the forecast period.

However, there are some restraints, which are expected to hinder the market growth. Technological advances and the development of medical devices, which use bioactive glass, add to the overall cost of the medical facilities. Attributed to this factor, a shortage in the demand for bioactive glass can be witnessed in developing countries. 

Bioactive glass is not much heat resistant and cannot withstand long & repeated heating procedures. Repeated het treatments lead to crystallization, which can reduce the mechanical properties of bioactive glass. Vitreous Materials Laboratory in Brazil has developed a new composition of bioactive glass, which is highly stable against crystallization and has high bioactivity. This new bioactive glass is flexible and bioresorbable, which can be used as an alternative for hard and soft tissue regeneration. 

Regional analysis

In terms of region, the APAC countries are expected to witness high growth in the bioactive glass market share. This is attributed to rise in population in the emerging and developing counties, such as India, China, and Malaysia, increase in urbanization, and changing lifestyle of consumers in the region. 

Key benefits of the report:

• This study presents the analytical depiction of the bioactive glass market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the bioactive glass market share.
• The current market is quantitatively analyzed to highlight the bioactive glass market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the bioactive glass market research report:

• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Bioactive Glass Market: Global Opportunity Analysis and Industry Forecast 2020-2027 Report Highlights