Clinical Applications to Boost the Global Bioactive Glass Market | Technavio

November 30, 2017

LONDON–(BUSINESS WIRE)–#Ceramics—Technavio
market research analysts forecast the global
bioactive glass market to grow at a CAGR of more than 14%
during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the
global bioactive glass market for 2017-2021. The report also
lists medical, dentistry, and cosmetics as the three major application
segments, of which the medical segment accounted for 65% of the market
share in 2016.

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Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global bioactive
glass market:

Growing clinical application of bioactive glass
Increase in the aging population
Increasing demand from emerging countries

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Growing clinical application of bioactive glass

Bioactive glass is made from compounds of calcium oxide, silicon oxide,
and phosphorus oxide. It resembles the physical appearance of powdered
glass. It is called "bioactive" since it can be used in surgeries
safely, as opposed to other biomedical products that are inert.
Bioactive glass is being used as a major bone graft substitute in
various clinical applications. Various compositions of bioactive glass
are being developed with better composition, bone forming properties,
antibacterial properties, and degradability. With the market expected to
grow at a CAGR more than 14%, it is expected that its use in clinical
application is also likely to increase during the forecast period.

According to Hitesh Bhatia, a lead analyst at Technavio for glass
and ceramics research, “Bioactive glass is hard, and hence, can
replace some of the inert glass fillers mixed with polymers to make
composite tooth fillings. Bioactive glass will also prolong the life of
tooth-fillings, as research proves that the depth of bacterial
penetration in a bioactive glass-containing filling was significantly
smaller than the composites without the glass.”

Increase in the aging population

The vastly expanding aging population across the globe has increased the
number of spinal, pathobiological, and tissue-replacement surgeries.
This is expected to increase the demand for bioactive glass during the
forecast period. The technological developments in bone tissue
engineering are increasing the scope and utilization of bioactive glass.
When used in bone-reconstructive surgeries, it helps in building a
temporary structure for cells, useful for tissue regeneration. The
increase in the number of aging population will bring a positive impact
to the global market since surgeries, where bioactive glass is used, are
likely to increase during the forecast period.

Increasing demand from emerging countries

Many countries around the globe are currently witnessing the large-scale
migration of population from rural to urban areas. The increase in the
exodus of people from rural to urban areas is likely to result in health
problems related to bones and tissues.

In India, there has been a recent spurt in the rates of spondylosis or
degeneration of the vertebrae that protect our spine, especially among
millennials who follow poor lifestyle habits or have a genetic
predisposition. R reveals that 6% of the population aged over 40 have
been affected by spondylosis in 2016 alone. This increase in the number
of people with spondylosis will increase the demand for bioactive glass.

“Bioactive glass has been used in the manufacture of artificial
grafts and implants of bones and tissues. To repair the bone structure,
bioactive glass powders are coated onto ceramic and polymer substrates,
to prevent ionic accumulation or corrosion of the surface. Bioactive
glass is also increasingly being studied for its use in nonbiological
applications, such as the making of medical devices and instruments,” says
Hitesh.

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