Bioglass Fiber Market Analysis

Bioglass Fiber Market Analysis

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.
 

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.
 

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.
 

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.