According to the market analysis report titled ‘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’, available with MarketStudyReport, the bioglass fiber market is slated to grow substantially by the end of 2027. 

Decisive findings by analysts and researchers state that burgeoning healthcare expenditure and booming geriatric population are the factors augmenting bioglass fiber market growth. Besides, technological innovations have paved the way for biomimetic systems in healthcare sector, which in turn has boosted the demand for bioactive materials like bioglass.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4751520/  

Despite the positive outlook, high production cost and lack of skilled practitioners may inhibit market expansion in the forthcoming years.

Based on type, the conventional silicate glass segment is expected to register a strong CAGR of around 8.5% during the evaluation period, attributable to its impressive mechanical strength and chemical resistance of this product type.

In terms of raw material, the silicone resins and oxides sub-segment is slated to achieve a remuneration scale of USD 6.5 million by 2027, creditable to mounting demand for high quality bioactive materials that resist thermal shocks, possess low conductivity to electricity, and high chemical durability.

Speaking of application scope, global bioglass fiber market is fragmented into grafting biomaterials, dental, and others. Among these, the dental sub-segment accounted for a volume share of 45% in 2020 and is likely to record a CAGR of more than 8.5% through the study period owing to increased usage of biocompatible materials in the industry.

From a regional frame of reference, Middle East & Africa bioglass fiber market is estimated to accumulate a revenue of USD 466.2 thousand by the year 2027, attributable to the advent of tissue engineering products in the medical domain of the region.

The competitive landscape of worldwide bioglass business sphere is defined by major players like Mo-Sci Corporation, Vetra Biomaterials, Corbion N.V., ETS Wound Care, and Prosidyan Inc. These companies are undertaking strategies like R&D investments, mergers, and acquisition to reinforce their position in the marketplace. For instance, technology group Heraeus in September 2021 acquired Mo-Sci Corp to broaden its medical technology portfolio