Bioactive Materials Market Explores New Opportunities By 2024 | Page 3
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The high use of bioactive materials in the healthcare industry owing to rising demand for replacement and organ failure
procedures and orthodontics is expected to boost the growth of the market in the near future. Bioactive materials are high
in demand across several applications as they are moisture resistant, tear and wear resistant, and also resistant to
bacterial micro-leakage. Moreover, the implantation procedures that include bioengineered materials decrease the
hospital costs incurring post-implant. However, the high cost of advanced and new technologies being introduced in the
market is likely to act as a major hindrance for the growth of the market.
Global Bioactive Materials Market: Regional Analysis
Geographically, the market can be segmented into Asia Pacific, Europe, North America, and the Rest of the World. At
present, North America leads the market closely trailed by Europe owing to early adoption of new healthcare technologies
and high expenditure in healthcare. Asia Pacific is further expected to emerge as a promising market due to the growing
awareness regarding availability of several treatments, advancing healthcare infrastructure, rising purchasing power of
consumers, and a progressing medical industry.
Global Bioactive Materials Market: Companies Mentioned in the Report
Some of the leading companies in the market are Zimmer Holdings Inc., Stryker Corporation, Medtronic Inc.,
DePuySynthes, and Biomet Inc.
Due to the high degree of competition and rising threat from lo cal players, established players in this market are focused
on mergers and collaborations, partnerships, and strategic alliances to enhance their geographical presence and improve
product offerings. In the next few years, established players are expected to enter into strategic collaborations with
vendors in Asia Pacific and Latin America as companies strive to exploit growth opportunities in these high-potential
regions.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics