Global Bioactive Glass Market to Grow 14.4% to 2021
The increasing number of clinical applications for bioactive glass is driving growth in the market.
Analysts forecast that the global bioactive glass market will grow at a compound annual growth rate (CAGR) of 14.4% from 2017-2021, according to a report available from Research and Markets. One trend reportedly gaining momentum involves mergers and acquisitions. Many top companies in the market have acquired smaller firms in order to extend their product base. This trend, which is expected to continue in the forecast period, could lead to tightened competition and improved product standards.
The increasing number of clinical applications for bioactive glass is driving growth in the market. For example, since bioactive glass is hard, it can replace some of the inert glass fillers that are mixed with polymers to make composite tooth fillings. The global dental consumables market is expected to grow at a CAGR of more than 6% during the forecast period, which will bring about more demand for bioactive glass.
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