Pune, India -- (SBWIRE) -- 11/16/2018 -- The main objective of this report is to define, describe, and forecast the global "Bioactive Materials" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to the report, the global bioactive materials market is projected to grow at a CAGR of 10.3% over the forecast period of 2018-2024.

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Growing demand of bioactive materials in the tissue replacement surgeries is strengthening the growth of bioactive materials market

The bioactive materials are plays a significant role in the biomedical industry as it is used in the variety of applications including artificial organs, drug delivery systems, nano-medicine, bio-sensors and many others. The growing demand of bioactive materials in the tissue replacement surgeries is strengthening the growth of bioactive materials across the globe. The Bioactive materials are increasingly used for bone and joint substitution and in the repair and regeneration of bone defects. In addition, rapidly growing healthcare industry and demand of advanced materials from the orthopedic sectors are likely to boost the growth of bioactive materials. The factors such as growing geriatric populations, rising organ failure and replacement procedures and growing applications of bioactive materials in dental care & antibacterial products are anticipated to contribute to the growth of bioactive materials. However, the high cost of bioactive materials Confines the growth of bioactive materials market. Moreover, the ongoing technological innovations and the advancements in the bioactive materials are projected to create various growth opportunities in the bioactive materials market over the forecast period.

ALTAPORE BONE GRAFT CLEARED FOR SPINAL FUSION

In September 2018, Baxter International Inc.'s Altapore bone graft can now be used in spinal fusion. The product had previously been cleared by the FDA for use in procedures in the extremities and pelvis.

Just a few weeks ago Baxter announced FDA clearance for its Actifuse Flow bone graft for use in a variety of orthopedic surgeries in the pelvis, extremities, and posterolateral spine applications. The company announced the FDA clearance of the Altapore Bioactive Bone Graft is for use as an autograft extender in posterolateral spinal fusion.

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The product, which the company calls a "next-generation bioactive and osteoconductive bone graft substitute, is designed to enhance bone growth with optimized porosity that promotes earlier vascularization, which plays a central role in the bone formation process by providing oxygen, nutrients, and growth factors critical for bone development."

North America Prevail the market of bioactive materials followed by Europe

Among the geographies, North America Prevail the market of bioactive materials followed by Europe. The developed healthcare infrastructure, high adoption of new healthcare technologies are the factors driving the growth of bioactive minerals market in the North America region. Furthermore, Asia Pacific is the fastest growing region in the bioactive materials market owing to the growing healthcare expenditure, and the growing geriatric population.   

The major key players in Bioactive Materials Market are Biomatlante, Arthrex Inc, Pulpdent Corporation, Bioactive Bone Substitutes Oy, Lasak s.r.o, Zimmer Holdings Inc, Medtronic Inc, Stryker Corporation, AAP implantate and DePuy Synthes.

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