Bioactive Fillings Market Growth Probability, Key Vendors and Future Scenario Up To 2023
Research Reports
Jan 04, 2021
Bioactive Fillings Market Scope
Bioactive fillings market 2020 can potentially touch USD 6.8 billion by 2023, affirms MRFR/Market Research Future. MRFR’s new study also reveals that the global market can progress at a decent rate of 9.2 % over the appraisal period (2017-2023). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Rising focus on restorative procedures and the high success rate of bioactive fillings treatment also bolster the market demand. But the mechanical weakness along with the high costs associated with bioactive fillings treatment can be key growth deterrents in the global market. On the bright side, the surging focus of leading firms on product innovation can be a significant growth booster in the coming years. The rising trend of antibacterial bioactive fillings that have high efficacy and offer superior protection can also favor the market in the coming years. The expanding application range of bioactive fillings in dentistry can also foster market expansion over the analysis period.
Primary Drivers and Deterrents
As the name suggests, bioactive fillings are materials that are biocompatible with the surrounding tissues and are generally preferred over bio inert fillings. These are also known as bio glasses and consist of a glass-ceramic composition. These are used extensively as implants in the human body for repairing and replacing the diseased tissue. The bioactive fillings market gets a significant boost from the expanding patient population and their rising per capita income, technological innovations including introduction of bio active fillings with antibacterial properties, and more.
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Bioactive Fillings Market Regional Outlook
Europe, APAC or Asia Pacific, MEA or Middle East and Africa and the Americas are the key markets for bioactive fillings across the globe.
The Americas form the biggest market for bioactive fillings since the region expends substantial amounts for healthcare development. Canada and the US are the market leaders, given the high number of restorative procedures and the rich concentration of renowned hospitals in these countries. The favorable reimbursement rates and the escalating number of surgical restoration procedures in hospitals also boost the market growth in the region. The vast pool of medical devices firms concentrated in the US also accelerates the growth of the bioactive fillings market.
Prominent manufacturers are highly focused on conducting researches to develop more advanced and refined products that shorten the recovery time among patients. For instance, in May 2020, a study focused on bioactive glass and its applications in spine fusion, stated states that it may be a better alternative to allograft or any other synthetic bone graft. The product is called BioSphere Putty and has been developed by Synergy Biomedical LLC. The material of the product has been made of 4 oxides of calcium (CaO), silicon (SiO2), Phosphorus (P2O5) and sodium (Na2O).
Bioactive Fillings Market Segmentation
Bioactive fillings industry has been dissected based on material, applications and end user.
The key materials discussed in the MRFR study are calcium oxide based, silicon dioxide based, sodium oxide based and phosphorus pentoxide based.
Some of the major applications of bioactive fillings are tissue engineering, dental, orthopedic, and more.
Research and academics, dental hospitals, orthopedic hospitals, and others are the significant market end-users.
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Europe stands as the second highest gainer in the global market, thanks to the thriving medical devices sector and the high healthcare penetration. The market value of the region is bolstered primarily by France and Germany. Germany happens to be the fastest advancing market, given the presence of a colossal research base and the increasing funds allocated in this regard.
The APAC market is led by India and China and is backed by the fast-developing healthcare industry and the huge unmet needs of the burgeoning patient pool. South East Asian nations like Malaysia and Singapore also contribute significantly to the market growth, in view of the soaring healthcare penetration and the surge in technical innovations in bioactive fillings.
Gulf countries like the UAE and Saudi Arabia can take the lead in the MEA market over the review period. Some other profitable markets in the region include Jordan, Kuwait, Iran and Egypt.
Bioactive Fillings Market Affluent Vendors
Some of the affluent vendors in the worldwide market are GNI GROUP LTD., DePuy Synthes, Arthrex, Inc., SCHOTT AG, Stryker, Zimmer Biomet, Aap Implantate AG, Septodont, Inc., Medtronic, Baxter, to mention a few.
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