Bioactive Material Sales to Triple Over Current Valuation, Reaching US$ 6.2 Bn by 2031 – Markets Insider

Exhibiting a Consolidated Market Attribute, Top Five Players Accounted for more than 20% Revenue Share in Global Bioactive Materials Market

Rising cases of age borne tissue damage especially in geriatric population and increasing use of bioactive materials to create regenerative medicine will drive the bioactive material market. Fact.MR offers incisive survey covering insights into key segments within the market in terms of material, type, and application.

NEW YORK, Aug. 4, 2021 /PRNewswire/ --Fact.MR A Market Research and Competitive Intelligence Provider: The bioactive materials market revenue totaled $2.0 Billion in 2020, according to a Fact.MR study. The overall bioactive materials sales is expected to reach US$ 6.2 billion by the end of 2031, growing at a CAGR of 11.3% for 2020- 31.

The demand for bioactive composite materialswill continue accelerating, rendering the market highly competitive. Amidst this, Fact.MR estimates the top 5 players to account for more than 22% of bioactive materials market in 2021.

Bioactive materials are proven to be effective when used for in-situ drug delivery applications. Researchers have found that bioceramicsare excellent carriers of antibiotic, anti-osteoporotic, and anticancer compounds due to its high carrier suitability.

These materials also have showcased positive results in reducing peri-implant traumas and enabling tissue regrowth. These factors are expected to spur the demand for bioactive materials in bioengineering application.

Besides this, application in regenerate dental hard tissuesand manufacturing dental consumables will emerge as a chief growth driver. The World Health Organization (WHO)reports that around 3.5 billion suffer from oral problem across the world.

Increasing cases of periodontal diseases, problems associated with gingival tissues and dental impairments are fueling the demand for dental consumables which in turn is driving the bioactive materials market demand.

Growing prevalence of musculoskeletal disorders such as osteoporosis, osteoarthritis, and rheumatoid arthritis is fueling the demand for orthopedic implants. Bioactive materials are used in manufacturing orthopedic implants owing to their light weight, high flexibility and biochemical inert properties.

Increasing focus on research activities to identify suitable bioactive materials for implants to reduce trauma amongst patients will pave way for a positive demand outlook.

"Bioactive materials application is expected to soar in the food packaging industry. As a result of commercialization, the demand for packaging material that keeps perishable food items fresh for long period of time is at all-time high. Increasing use of bioactive materials for producing eco-friendly coating for paper packaging will therefore boost the market," said a lead analyst at Fact.MR.

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Competitive Landscape

Rise in geriatric population and increasing demand for tissue repair is motivating market players to develop regenerative medicines through collaboration and partnership with other market players. Growing popularity of tissue engineering has created ideal condition for biomedical suppliers to enter new markets.

For instance, Arthrex signed a distribution agreement with Celularity in July 2021. Under this agreement, Arthrex will gain distribution and commercialization rights to Celularity's orthopedic biomaterial products.

Lineage Cell Therapeutics Inc. under pre-negotiated terms issued a royalty-bearing license to Amasa Therapeutics Inc. in June 2021, to use HyStem technology of Lineage Cell Therapeutics for developing treatment for solid tumors and marketing of treatment therapies.

More Valuable Insights on Bioactive Materials Market

Fact.MR, in its new report, offers an unbiased analysis of the global bioactive materials market, analyzing forecast statistics through 2021 and beyond. The study reveals growth projections on in bioactive materials market on the basis of various segments. These include:

Key Questions Covered in the Report

Explore Fact.MR's Coverage on the Chemical & Materials Domain

Bioceramics Market- Dentists are utilising cutting-edge implant options to avoid tooth loss in individuals suffering from such illnesses. As a result, the popularity of bioceramics is fast increasing. Bioceramic implants are the favoured implant choice among dental practitioners since they are non-toxic and bioinert. Carbon bioceramics sales are expected to increase at a potential CAGR through 2031, owing to its high density and increased fibre strength.

Drug Delivery Systems Market- Polymeric drug delivery is particularly beneficial in the treatment of chronic illnesses such as cancer, particularly solid tumors. It also has a reduced level of toxicity. During the projection period, the polymeric drug delivery segment will account for more than one-third of the worldwide drug delivery systems market. Several advances in the field of medication delivery systems have been made. The inclusion of three-dimensional printing is the most significant of these (3D-printing).

Dental Consumables Market- Dental consumables are used to treat dental illnesses such as tooth restoration, gingival tissue difficulties, dental impairments, dental caries, and periodontal diseases. The growing number of dental disorders around the world is driving the growth of the dental consumables industry. One of the primary drivers of the global dental consumables market is the growing emphasis on physical appearance. Asia Pacific's worldwide dental consumables market share is expected to expand significantly.

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Bioactive Material Sales to Triple Over Current Valuation, Reaching US$ 6.2 Bn by 2031 - Markets Insider