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Global bioactive materials market: $1.7 billion industry forecast by 2018

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Bioactive Materials: Technologies and Global Markets - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-31 16:14:02
The global bioactive materials market was valued at $792.3 million in 2012 and is expected to reach $890.4 million by 2013. The market is forecast to grow to $1.7 billion in 2018, and register a five-year compound annual growth rate (CAGR) of 13.8% from 2013 to 2018.

Bioactive materials represent a category of biomaterials materials that react with body tissues and fluids without adverse reactions in the body. They can be made from different types of materials, such as ceramics, glass, glass-ceramics, and composites. In this study the term bioactive materials refers in particular to synthetic materials developed during the last 50 years that are commercially available in various configurations such as powders and nanopowders, granules, monoliths, injectable, and moldable products and coatings.

Since 2006 the industry has been growing at a significant pace. With applications spanning a range of industries such as medicine and surgery, dentistry and periodontics, pharmaceuticals, bioengineering, cosmetics and personal care, and other consumer products, the demand for bioactive materials is projected to continue growing at a rapid rate during the next five years.

Increased market penetration of these materials is attributed to several factors, including a rapidly aging population in need of medical care; increasing incidence of orthopedic and spinal procedures related to leisure activities, road accidents, and treatment of diseases; and greater use of synthetic materials for grafting procedures. Indeed, the need for materials that allow tissues to be regenerated and repaired more quickly to reduce hospital stays and that can be applied with minimally invasive or noninvasive procedures are key to the growth in this market. In addition, the penetration of bioactive materials in developing countries will continue to spur growth for this industry in the foreseeable future.

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