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Bioglass Fiber Market Size, Share and Industry Analysis Report by Type (Conventional Silicate Glass, Glass Ceramics, Borate-based Glasses), Raw Material (Silicone Resins & Dioxide, Calcium & Sodium Carbonates, Sodium Phosphate Dibasic), and Application (Dental, Orthopedic, Grafting Biomaterials), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027

  • Report ID: GMI5176
  • Base Year: 2020
  • Report Format: PDF

Industry Overview

Bioglass Fiber Market size was around USD 8.8 million in 2020 and is anticipated to grow at CAGR of 8.5% from 2021 to 2027. The growing awareness regarding public health along with rising per capita medical expenditures has constantly encouraged the use of bioactive materials in healthcare treatments, which will influence the overall industry size in the coming years.
 

bioglass fiber market outlook

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Bioglass fibers, mostly acknowledged as surface-reactive biomaterials, are more convenient for biomedical applications such as dental and orthopedic. Factors including high flexural strength, durability, and good chemical resistivity are estimated to boost the market share throughout the assessment period.
 

Demographic changes in the elderly population around the globe will create opportunities for biomedical treatments including bone grafting and dental surgery. The huge geriatric population has increased dramatically over the past 20 years and this considerable change has augmented the number of tissue & spinal surgeries. Bioglass fibers can bind with hard & soft tissues effectively. Moreover, it can also develop the efficacy of bone substitutes by triggering the release of nutrients that can be effective in bone regenerations.
 

According to the World Health Organization, the old age population (60 years and above) will register an increase from 12% to 22% between 2015 to 2050. Furthermore, advancing age creates many risks for senior citizens including dental & orthopedic difficulties. Rapid technological developments in bone-grafting engineering are expected to expedite many bioglass fiber market opportunities & applications.
 

Bioglass fibers actively dissolve in tissues and initiate ion-releasing processes to stimulate new bone formations, thereby augmenting their use in biomedical services, such as restorative fillings, in the upcoming years. Furthermore, bioactive materials for use in craniofacial surgeries owing to their significant mechanical & physical properties will account for notable growth in the future. Moreover, antibacterial properties of bioglass fibers are estimated to create opportunities for the treatment of severe cavitary bone defects over the assessment period
 

However, notable manufacturing costs of bioglass fibers are estimated to hamper the market growth during the forecast timeframe. Factors that make the manufacturing process expensive include high energy requirements and certain medical grade specifications proposing many applications in dental and small-bone replacement activities. Nevertheless, numerous advanced solutions including the reapplication of bioglass fiber products to facilitate wound-healing treatments will gain popularity in the coming years.
 

However, it is expected that the process technology for different types of bioglass fibers will attain a competitive market share over the assessment period due to a gradual decrease in raw material prices and process upgrades. Moreover, promising osteogenesis and angiogenesis applications in bone tissue reaerations will expand the business opportunities for bioglass fibers during the projected timeframe owing to their high mechanical properties.
 

Conventional silicate glass will augment the industry size

bioglass fiber market by type

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Conventional silicate glass is expected to reach nearly USD 6.5 million by 2027 owing to its significant bond formation ability with soft tissues and bones, depending upon their compositions. Moreover, it can be extensively used in dentistry to provide high mechanical strength to the applied area as the product can exhibit higher fracture-resistance capacity. Conventional silicate-based bioactive glass fibers have showcased potential applications in tissue engineering and regenerative medicines. Additionally, the ability to be dissolved at a decent rate for the natural bone formation process makes it suitable for orthopedic applications, which will result in a greater share in the bioglass fiber market over the forecast period.
 

Calcium and sodium carbonates are preferably used as raw materials

bioglass fiber market by raw material

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Calcium and sodium carbonates will gain the highest volumetric share of nearly 46% by 2027 owing to considerable applications in tissue formations. It can influence body fluids while being inserted in the desired area. These carbonates create ample opportunities for manufacturers to enhance the mechanical properties of glass. The development of advanced glass fibers for use in orthopedic applications will drive the bioglass fiber market share over the forecast timeframe.
 

The dental application is estimated to lead the market share

The dental application registered the highest revenue share of around 46% in 2020 and is expected to reach USD 7 million by 2027, growing at a CAGR of 8.4% from 2021 to 2027. The efficient use of bioglass fibers in dental implants and root canal treatments will be the primary driving factors boosting the product demand over the forecast period. Rising oral treatments in hospitals and clinics due to a rapid surge in Oro-dental trauma will further drive the product demand.
 

North America will continue to dominate the overall market share

bioglass fiber market by region

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The North American bioglass fiber market was valued at around USD 5.7 million in 2020 and is expected to reach USD 10 million by 2027, growing with a CAGR 8.8% from 2021 to 2027. Growth in the region can mainly be attributed to favorable government policies and steady economic activities.
 

Owing to the high healthcare expenditure, specifically in the U.S., clinical trials and product improvisations are expected to be done at a faster pace as compared to the other regions. Moreover, the proposed applications of bioglass fibers in various tissue engineering procedures are expected to increase in the coming years owing to changing lifestyles and rising knee-joint-repairing surgeries.
 

Bioactive materials will gain popularity over the coming years

The bioglass fiber industry is in its developing stage owing to the effective implementation of bioglass fibers in healthcare systems. A few manufacturers are adopting various strategies, such as advanced product composition and development & distribution network expansion, through in-depth clinical studies. Such initiatives will help them to explore the untapped market potential and strengthen their market positions over the forecast timeframe. Key market players are include Corbion Biotech, Inc., Mo-Sci Corporation, ETS Wound Care LLC., Prosidyan, Inc., and Vetra Biomaterials.
 

The bioglass fiber market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilogram and revenue in USD thousand from 2021 to 2027 for the following segment:

By Type

  • Conventional Silicate Glass
  • Glass Ceramics
  • Borate-based Glass

By Raw Materials

  • Silicone Resins & Oxides
  • Calcium & Sodium Carbonates
  • Sodium Phosphate Dibasic
  • Others

By Application

  • Dental
  • Orthopedic
  • Grafting Biomaterials
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Kiran Pulidindi, Prashant Hake

Frequently Asked Questions (FAQ) :

Global bioglass fiber market size accounted for around USD 8.8 million in 2020 and is estimated to grow at a CAGR of 8.5% between 2021 and 2027 driven by rising awareness regarding public health and growing per capita medical expenditures.

The market share from conventional silicate glass is estimated to cross USD 6.5 million through 2027 owing to the significant bond formation ability with soft tissues and bones, depending upon their compositions.

The market revenue from dental application is set to expand at a CAGR of 8.4% from 2021 to 2027, considering the efficient product usage in root canal treatments and dental implants.

North America bioglass fiber market value was around USD 5.7 million in 2020 and is expected to reach USD 10 million up to 2027 impelled by steady economic activities and favorable government policies in the region.

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Premium Report Details

  • Published Date: Jan 2022
  • Companies covered: 5
  • Tables & Figures: 234
  • Countries covered: 19
  • Pages: 189

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