Feb 24, 2023   SOURCE: BusinessWire

Global Hydroxyapatite Market Analysis/Forecast Report 2022: An $1,888.47 Million by 2028 - Growing Need for Bone Grafting and Implant Materials Driving Growth - ResearchAndMarkets.com

The "Global Hydroxyapatite Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

According to this report, the global hydroxyapatite market attained a value of USD 1168.54 million in 2022. Aided by the rising demand for orthopaedic implants and bone grafting materials, the market is further expected to grow at a CAGR of 8.8% in the forecast period of between 2023 and 2028 to reach USD 1888.47 million by 2028.

Hydroxyapatite is the mineral form of calcium apatite made up of one phosphate and one hydroxyl group. It is a significant component of teeth that provides higher stiffness and superior enamel remineralisation to saliva. Orthopaedic implants and dental care items with hydroxyapatite coatings also offer improved features, such as bone gap repair. It is applied as a coating on implants, bone grafts, and as bone fillers.

The growing need for bone grafting and implant materials is driving the global hydroxyapatite market. The market is also projected to benefit from the increasing product quality innovations that improve the use of dental and orthopaedic implants during the projection period. Further, it is anticipated that the availability of inexpensive hydroxyapatite implants, such as synthetic hydroxyapatite implants, will attract new customer categories, leading to market expansion.

Additionally, manufacturers are increasingly switching from conventional titanium plasma spray coatings to nano-hydroxyapatite coatings. This is due to their capacity to promote bone healing in bone implant procedures at a faster rate and their ability to prevent corrosion, which is anticipated to favour the market expansion throughout the forecast period.

The hydroxyapatite industry was led by the orthopaedic segment historically, and this segment is anticipated to continue to lead in the coming years. The demand for hydroxyapatite in orthopaedic applications will likely increase owing to the growing need for bioactive ceramics in bone replacement surgeries. A growing geriatric population worldwide is increasing incidences of orthopaedic injuries and conditions caused by weak bones, requiring hydroxyapatite for treatment.

Additionally, the expansion of healthcare services and increased customer concern over their health are anticipated to support the hydroxyapatite market growth. The market for hydroxyapatite is further expected to grow as a result of the rising demand for hydroxyapatite to cover medical components used in knee and hip operations.

Hydroxyapatite has shown remarkable results in dental care, acting as an effective fluoride substitute and also working well in combination with other materials. Due to the increased demand for hydroxyapatite in toothpaste and other dental products and its effectiveness in enamel remineralisation when exposed to saliva and other chemicals, the market is anticipated to experience a healthy expansion in the forecast years.

Combination of hydroxyapatite with other materials offers immense potential for further applications in orthopaedics. Using nano-sized hydroxyapatite with other materials can deliver antibiotic results, extend the lifespan, and increase the strength of the hydroxyapatite. Due to the high bioavailability of hydroxyapatite, research and development launched by key players towards its improved applications can increase the market size considerably in the coming years.

North America is expected to dominate the global hydroxyapatite market. This is due to its widespread applications in dental procedures, non-integrated implants, and bone grafts in the United States and Canada. The presence of a number of significant market participants in the area will support hydroxyapatite market expansion.

Meanwhile, the Asia Pacific region has experienced significant development as more medical professionals adopt the use of hydroxyapatite in dental applications and bone grafting over conventional treatments. This is anticipated to provide the market with considerable growth potential during the forecast period.

Competitive Landscape

This report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global hydroxyapatite market companies.

Some of the major key players explored in the report are as follows:

  • Fluidinova S.A
  • SofSera Corporation
  • Berkeley Advanced Biomaterials, Inc
  • Taihei Chemical Industrial Co., Ltd
  • CAM Bioceramics B.V
  • SigmaGraft Biomaterials, Inc

Key Topics Covered:

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

3.1 Market Definition and Outlook

3.2 Properties and Applications

3.3 Market Analysis

3.4 Key Players

4 Key Assumptions

5 Executive Summary

5.1 Overview

5.2 Key Drivers

5.3 Key Developments

5.4 Competitive Structure

5.5 Key Industrial Trends

6 Market Snapshot

6.1 Global

6.2 Regional

7 Industry Opportunities and Challenges

8 Global Hydroxyapatite Market Analysis

8.1 Key Industry Highlights

8.2 Global Hydroxyapatite Historical Market (2018-2022)

8.3 Global Hydroxyapatite Market Forecast (2023-2028)

8.4 Global Hydroxyapatite Market by Type

8.4.1 Nano-Sized

8.4.2 Micro-Sized

8.4.3 Greater than Micrometer

8.5 Global Hydroxyapatite Market by Application

8.5.1 Orthopaedic

8.5.2 Dental

8.5.3 Plastic Surgery

8.5.4 Others

8.6 Global Hydroxyapatite Market by Region

9 Regional Analysis

10 Market Dynamics

10.1 SWOT Analysis

10.2 Porter's Five Forces Analysis

10.3 Key Indicators for Demand

10.4 Key Indicators for Price

11 Value Chain Analysis

12 Price Analysis

12.1 Historical Price Trends (2018-2022) and Forecast (2023-2028)

13 Competitive Landscape

13.1 Market Structure

13.2 Company Profiles

13.2.1 Company Overview

13.2.2 Product Portfolio

13.2.3 Demographic Reach and Achievements

13.2.4 Certifications

14 Industry Events and Developments

For more information about this report visit https://www.researchandmarkets.com/r/aiwlzr

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