Fiber material

Bioglass Fiber Market is Expected to Exceed USD 15.3 Million by 2027, Says Global Market Insights Inc.

Bioglass fiber is composed of several compounds such as calcium/sodium carbonates, silica gel, and dibasic sodium phosphate, which offer different compositions for specific end-use applications. Growing demand for bioactive materials in emerging countries due to their ability to form bonds with soft and hard tissues is expected to fuel product demand in the coming years. Additionally, the growing number of orthopedic and dental clinics globally is expected to drive market adoption over the forecast period.

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The borate-based glass accelerated tissue remodeling during the healing process. It is expected to gain popularity as it offers promising results in soft tissue regeneration. Additionally, government initiatives to promote product compatibility with mammalian tissues and cells are set to create massive growth potential for product adoption in the coming years. Due to the growing importance of borate-based glass, the bioglass fiber market share of borate-based glass types segment is expected to register a CAGR of around 9% during the analysis period. .

In terms of raw materials, the sodium phosphate segment generated sales of approximately $570,000 in 2020 and is expected to grow at a substantial rate over the period 2021-2027. The widespread use of these fibers in orthopedic and dental applications in Europe and the United States and the development of conventional silicate glass fibers are expected to drive segment growth throughout the review period.

The main reasons for Growth of the bioglass fiber market:

1. Growing use in the healthcare industry.

2. Growing adoption in grafting applications.

3. High prevalence in healing processes.

4. Increased use in dental and orthopedic procedures.

5. Booming clinical healthcare sector in North America.

Forecasts for 2027 show that the “biomaterial grafting” segment retains its dominance:

From an application point of view, the segment of grafting biomaterials is in the process of being valued at more than $1.8 million by 2027. Bioglass fibers have properties as scaffold materials for soft tissue regeneration. The recently developed borate-based bioglass fiber has demonstrated notable ability to facilitate soft tissue repairs and new bone formation, which is likely to drive the demand for bioglass fibers. These factors are assumed to favor a segmental perspective throughout the study period.

Asia Pacific to maintain top-tier revenue status:

In the regional landscape, the Asia Pacific The bioglass fiber market is expected to witness notable growth to account for more than 10% of the entire industry in terms of revenue by the end of 2027. The proliferating healthcare industry in India, China, Malaysia, South Korea, and Indonesia is expected to sustain the growth of the regional market over the forecast period.

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Impact of the COVID-19 pandemic on bioglass fiber market:

Biomaterials are considered beneficial in various therapeutic strategies. Following the COVID-19 epidemic, they have gained popularity as they have helped reduce mortality in patients infected with the new coronavirus. Rising awareness about the therapeutic benefits of biomaterials and the common application of the products in the healthcare sector has had a positive impact on the market growth during the pandemic.

Main market players

Some key companies operating in the global bioglass fiber industry are Corbion Biotech, Inc., Prosidyan, Inc., ETS Wound Care LLC., Mo-Sci Corporation, and Vetra Biomaterials.

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, in the United States, is a global provider of market research and consulting services. Offering syndicated and custom research reports, growth advisory and business intelligence services, Global Market Insights Inc. aims to help clients with penetrating insights and actionable market data that facilitates strategic decision-making.

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SOURCE Global Market Insights Inc.