The Bioactive Glass Market is segmented 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)). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 1.57 billion, at a CAGR of 21.48% during the forecast period. There are several companies that are contributing to the market as per this report.
By Product, the Silicate-based glass segment is projected to dominate the market size in 2024
In the healthcare industry, bioactive silicate-based glass plays a pivotal role in dental and orthopedic applications. This biomaterial is utilized extensively in the treatment of various orthopedic conditions, including fractures and dislocations of the lower extremity, total and partial hip replacements, and spinal fusions. In the field of orthopedics, bioactive glass is employed post-surgery to facilitate bone regeneration. Specifically, in spinal fusion procedures following cervical and lumbar spine surgeries, this biomaterial delivers low-intensity electrical signals to stimulate the natural bone healing process. Simultaneously, in the realm of oral health, dental caries and periodontal diseases pose a significant global health concern. These conditions, often caused by high sugar consumption and inadequate fluoride exposure, can be mitigated through the use of bioactive glass in dental restorations and preventive treatments.
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Why is North America forecasted to hold the largest regional market size in 2024?
The Bioactive Glass market represents a significant business opportunity due to its biocompatibility and ability to promote bone regeneration. This advanced material is gaining traction in the healthcare industry for various applications, including bone graft substitutes and drug delivery systems. Market growth is driven by an aging population, increasing prevalence of bone diseases, and technological advancements. Strategic collaborations and product innovations will continue to shape the competitive landscape.
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Research Analysis Overview
The Bioactive Glass market is witnessing significant growth due to its increasing application in medical aids and devices, particularly in the medical and dental sectors. These glasses, made primarily of silica, sodium, phosphorus, calcium, and silicon, exhibit biostability and biodegradability, making them ideal for use in surgical operations involving human tissues. Bioactive glasses have shown remarkable success in bone repair and regeneration, as well as in wound healing. They work by interacting with living tissues, promoting the growth of cells essential for bone and tissue growth. This makes them an excellent alternative to traditional implants such as hydroxyapatite. In the medical sector, bioactive glasses have been used to treat conditions such as septic osteoporosis and diabetic foot ulcers. In the dental industry, they have been used to repair damaged teeth. The biological reaction between the glass and living tissues results in the formation of a bond that is stronger than the original tissue. Tissue engineering is another area where bioactive glasses are making a significant impact. Their ability to promote the growth of living tissues makes them an essential component in the development of new medical devices and treatments. The medical industry is expected to continue driving the growth of the Bioactive Glass market due to the increasing demand for advanced medical devices and treatments.
Market Research Overview
The global healthcare supplies market encompasses businesses and innovations within the healthcare sector, focusing on the development of medical consumables utilized for disease diagnosis and treatment. According to Technavio, the healthcare supplies market size is determined by the consolidated revenue generated by manufacturers of medical equipment, including syringes, drapes, gloves, and gowns. Factors propelling market expansion include demographic shifts, with the global population aged 60 and above projected to surge significantly. By 2050, approximately one-quarter of the US population and by 2030 in Europe are anticipated to reach this age threshold. - The Bioactive Glass Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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