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Bioglass Fiber Market - By Type (Conventional Silicate Glass, Glass Ceramics, Borate-Based Glasses), By Raw Material (Silicone Resins & Dioxide, Calcium & Sodium Carbonates, Sodium Phosphate Dibasic), By Application (Dental, Orthopedic), & Forecast, 2023 - 2032

  • Report ID: GMI5176
  • Published Date: Dec 2022
  • Report Format: PDF

Bioglass Fiber Market Size

Bioglass Fiber Market size recorded a valuation of USD 10 million in 2022. Driven by increasing concerns regarding body and tissue damage, the industry is primed to grow at more than 7.5% CAGR from 2023 to 2032.
 

Bioglass Fiber Market

Bioglass fiber materials are gaining positive attention, especially in the dental healthcare sector. These materials are used in dental restorative materials, as minimizing agents, or as a coating material for dental implants, pulp capping, air-abrasion, and in medicines, which is fostering the market growth. Additionally, proliferating healthcare expenditure by public and private agencies is positively influencing the industry size. For instance, the U.S. Health Resources & Services Administration introduced the Integrating Oral Health and Primary Care Practice (IOHPCP) initiative to improve oral health care quality.
 

Moreover, the expanding aging population across the globe is another factor bolstering the uptake of bioglass fiber in the healthcare sector. The risk of tissue and skeletal damage in geriatric patients has hampered the health of the elderly population, fueling the demand for bioactive glasses for the regeneration of bones over bioactive ceramics with anti-infective and angiogenic properties. Also, recent advancements in bioglass containing injectable hydrogel biomaterials for tissue regeneration have been a positive trend for market growth.
 

Need for high investments may restrain industry progression

High costs and technical expertise requirements in producing bioglass fiber are major factors restraining bioglass fiber market growth. As the investment costs in the production process of bioglass fiber are high, many companies are facing issues, such as a lack of efficient machines and support of technical expertise, which are vital for a smooth production process. However, strategic partnerships among market players are supporting advancements in the field and aiding the industry in combatting the issue.
 

Bioglass Fiber Market Analysis

Bioglass Fiber Market, By Type

In terms of type, bioglass fiber market is categorized into glass ceramics, borate-based glasses, and conventional silicate glass. The conventional silicate glass segment is projected to generate around USD 8,900 thousand in revenue by the end of 2032. Conventional silicate glass is extensively used in bone regeneration due to its considerable physiochemical, drug-delivery, and biological properties. Furthermore, silica glasses are thermal shock resistant, which is foreseen to propel segment demand.
 

Bioglass Fiber Market, By Raw Material

With respect to raw material, bioglass fiber market is divided into silicone resins & dioxide, sodium phosphate dibasic, calcium & sodium carbonates, and others. The silicone resins & dioxide segment is poised to exhibit more than 7.5% CAGR over 2023-2032. Silicon dioxide is a primary component of any glass product and possesses several advantages, including high thermal shock resistance, low electrical conductivity, high chemical durability, and others, which are boosting the adoption of silicone resins for bioglass fibers.
 

Bioglass Fiber Market, By Application

In terms of application, bioglass fiber market is segregated into dental, grafting biomaterials, orthopedic, and others. The dental application segment is anticipated to be worth around USD 9,700 thousand by 2032. The segment growth is attributed to the soaring need for oral treatments in hospitals and clinics as a result of the rapid upsurge in oro-dental trauma. Moreover, the increasing geriatric population is speculated to further drive product demand.
 

Bioglass Fiber Market By Region

North America Bioglass fiber market in is expected to depict an 8% CAGR between 2023 and 2032. The region is likely to contribute massively to the industry growth on account of the strong presence of research institutes as well as market players in the region.
 

Bioglass Fiber Market Share

  • Prosidyan, Inc.
  • Vetra Biomaterials
  • ETS Wound Care LLC
  • Mo-Sci Corporation
  • Corbion Biotech, Inc.
  • Vetra Biomaterials

are some key players in the bioglass fiber market. These companies focus on rigorous R&D programs, portfolio diversification, and expansion of production capacity to enhance their market standing.
 

Impact of COVID-19 Pandemic

The onset of the COVID-19 pandemic impacted the market outlook negatively. As a result of disruptions in businesses and stringent lockdowns, the industry witnessed slow supply chain operations. However, in the post-pandemic scenario, bioglass fiber gained significant attention as it helped in reducing infection risk. These bioactive materials are taken in the form of antibiotics and contain antibiotic-resistant strains, which aid in tissue regeneration in patients with coronavirus in their lungs. Thus, the increased awareness regarding bioactive materials in the healthcare sector is foreseen to boost product adoption in the future.
 

The bioglass fiber market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilogram and revenue in USD thousand from 2018 to 2032 for the following segments:

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By Type

  • Conventional Silicate Glass
  • Glass Ceramics
  • Borate-Based Glasses

By Raw Material

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

By Application

  • Dental
  • Orthopedic
  • Grafting Biotypes
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • South Africa
    • Saudi Arabia
       
Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global Market size for bioglass fiber was valued at USD 10 million in 2022 and is set to progress at more than 7.5% CAGR over the next 10 years owing to proliferating healthcare expenditure by public and private agencies and increasing concerns for body and tissue damages.

Dental application segment is anticipated to clock more than USD 9,700 thousand by 2032 due to soaring oral treatments in hospitals and clinics as a result of the rapid upsurge in oro-dental trauma.

Silicone resins & dioxide segment is poised to exhibit over 7.5% CAGR from 2023 to 2032 attributed to multiple advantages of silicone resins, including high thermal shock resistance, low electrical conductivity, high chemical durability, and others.

North America market for bioglass fiber is expected to depict growth at an 8% CAGR between 2023 and 2032 on account of the strong presence of research institutes for medical advancements as well as market players in the region.

Bioglass Fiber Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 8
  • Tables & Figures: 613
  • Countries covered: 20
  • Pages: 375
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