Hydroxyapatite Market size is forecast to reach $2.8 billion by 2025, after growing at a CAGR of 6% during 2020-2025. Increasing demand from end-use industries such as healthcare drives global market growth for hydroxyapatite. Additionally, in orthopedic procedures hydroxyapatite is used as a bone replacement. The rise in orthopedic surgery affordability is expected to fuel global market growth. In addition, ongoing research and development activities aimed at increasing the applicability of hydroxyapatite in the medical industry are anticipated to drive global market growth.
By Type – Segment Analysis
The market is segmented into type which includes nano-sized, micro-sized, and greater than micrometers. In 2019, the micro-sized segment represented the biggest share of the hydroxyapatite market. The primary use of micro-sized hydroxyapatite is as an alternative to allogeneic and xenogeneic bone grafts. It’s also used to cover voids in bones and teeth as a bone filler. The micro-sized hydroxyapatite is used for guided delivery of genes and proteins to the target tissues in the pharmaceutical applications. Micro-sized hydroxyapatite is also used as an implant and screw-coating.
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By Application – Segment Analysis
The Hydroxyapatite market was segmented on application basis into orthopedic, dental care, plastic surgery and others. In 2019 the Hydroxyapatite market was led by the orthopedic group. During the forecast period this market segment is also expected to lead the industry. Hydroxyapatite is used as implant padding, bone grafts, and bone fillers. Hydroxyapatite is used as an alternative to allogeneic and xenogeneic bone grafts due to its bioactivity, resulting in the required reduced healing time. The aging global population and increasing demand for bioactive ceramics are driving demand for hydroxyapatite in orthopedic applications in bone replacement surgeries.
Geography – Segment Analysis
In 2019, North America is accounted for the largest share of the hydroxyapatite market due to highest investment for healthcare infrastructure in the region. In addition, Asia Pacific hydroxyapatite market is anticipated to expand at a highest CAGR during the forecast period. Owning to the growing demand for hydroxyapatite from countries such as China, Japan, and South Korea is driving the growth of the Asia Pacific hydroxyapatite market. Moreover, the aging population, increasing disposable income of the middle-class population, and growing awareness among masses about the advantages of dental bone grafting and bone grafting over traditional treatments provide a huge growth opportunity for the manufacturers of hydroxyapatite in the Asia Pacific region.
Drivers – Hydroxyapatite Market
Growing demand of medical implants in healthcare industry.
Medical implants are artificial devices which replace damaged or missing biological components. Implants help administer medicine, control body processes, and also provide assistance in various applications for organs and tissues (such as dental, orthopedic, and cardiovascular). The demand for medical implants is driven by the rising healthcare needs of the geriatric population, advancements in medical technology and the increasing prevalence of chronic diseases such as osteoarthritis, cardiovascular diseases, neuropathic diseases and congenital disorders.
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Challenges – Hydroxyapatite Market
The growing popularity of bioresorbable composites and lack in performance benchmarking.
The bioactive ceramics (Hydroxyapatite and bioglass) are used to replace various features of the natural bone structures. While Hydroxyapatite is highly biocompatible, it has poor mechanical properties such as low toughness of fracture which limits its load-bearing ability. This is expected to increase the adoption of alternative compounds, such as bioresorbable and bioinert ceramic materials over, particularly in applications where good load-bearing capabilities are crucial. The growing usage of alternative material have become a greater challenge which is constraining the growth of the market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Hydroxyapatite market. Hydroxyapatite Market top 10 companies are CAM Bioceramics, Berkeley Advanced Biomaterials, SigmaGraft Inc. Biomaterials, Fluidinova, Taihei Chemical Industrial Co. Ltd., SofSera, APS Material, Zimmer Biomet, and APS Materials. Other players in the value chain analysis (and not included in the report) include CG Bio Inc., Fluidinova, Sigmagraft, and Granulab (M) Sdn Bhd., among others.
The Onkos Surgical is collaborating with Promimic AB in 2019 to commercialize the nano-thin hydroxyapatite coating technique used by its Promimic on limb salvage implants. It is expected that these kinds of mergers for constant company in-flow would drive market growth in the coming years.
In 2016, under the advancement of the hydroxyapatite, the researchers developed novel bacteria-resistant hydroxyapatite film, which saves the ionic silver through inositol hexaphosphate chelation.
Strict international healthcare regulations for use of hydroxyapatite are anticipated to curb the growth of the global demand for hydroxyapatite. Nevertheless, it is expected that ease of availability of raw materials and increasing healthcare industry will provide lucrative opportunities for the growth of the global market for hydroxyapatite.
The COVID-19 pandemic affects health care networks around the world. The rapidly rising demand for health care services and health care staff is threatening to leave some health systems overstretched and incapable of functioning effectively. This factor is affecting the healthcare industry.
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