BIOACTIVE MATERIALS MARKET ANALYSIS

Market Challenges And Opportunities

Global Bioactive Materials Market Drivers:

Increasing demand for dental care and root canal treatment to augment market growth

Portland cement or mineral trioxide aggregate (MTA) is a bioactive material that is widely used in the root canal therapy. It is used for maintaining pulp and periodontal tissue vitality as part of pulp capping and perforation repair procedures. Moreover, dentin extracellular matrix proteins (ECMPs) are also important bioactive materials, contain growth factors which can uphold pulp regeneration and tooth healing. The Global Burden of Disease Study 2019 estimated that oral diseases affect close to 3.5 billion people worldwide. Globally, it is estimated that 2 billion people suffer from caries of permanent teeth and 520 million children suffer from caries of primary teeth.

Growing demand from medical sector to foster market growth

Bioactive materials have a great potential for improving the quality of life. They help to suppress the immune system, improve tissue regeneration, and promote bone growth. A number of polymer-based bioactive materials exhibit osteoconductive properties. Collagen fibrin, hyaluronic acid, and chitosan are some examples.

Global Bioactive Materials Market Opportunities:

The emergence of technologically advanced medical devices has provide significant growth opportunities for the global bioactive materials market. Recent research has investigated how these devices modulate biological activity. These studies have been carried out to determine the potential of bioactive materials in promoting tissue regeneration and maintaining the health of patients.

Increased prevalence of arthritis among the elderly population is a major factor expected to bring bright market opportunities. Moreover, the growing age group has also resulted in increased number of surgeries for joint replacement. Besides, the increasing usage of bioactive materials in the pharmaceutical and cosmetic industries is also driving growth of the market. According to OCED data, in 2020, the total number of knee replacements in Canada stood at 198.4 per 100,000 inhabitants, which are increasing annually at a high rate with the rising old generation and increasing arthritis problem in the region.

Global Bioactive Materials Market Restraints:

Regulatory approval is a major constraint for bioactive materials market

Regulatory approval of bioactive products is a major concern. Drugs, medical devices and biologics are all regulated by the Food and Drug Administration in the United States, to ensure efficacy and safety of any new medical product. Regulatory approvals of all the new medical products is a time consuming process and it is acting as a major challenges for the market.

Negative impact of the Covid-19 is hindering market growth

Due to the lockdown imposed worldwide in order to prevent spread of infection there was disturbance in supply chain and production of bioactive materials. Moreover, pandemic has also adversely affected the research and development in various field. However, the market will witness positive growth in the near future as economy is recovering and getting back to its feet.