Hydroxyapatite Market Size
| Study Period: | 2017-2027 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | > 6 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hydroxyapatite Market Analysis
The hydroxyapatite market size is estimated to reach over USD 2,250.19 million by the end of the current year. It is projected to register a CAGR of more than 6% during the forecast period.
Though COVID-19 negatively impacted the market in 2020, it has reached pre-pandemic levels.
The major factors driving the growth of the hydroxyapatite market include the rising interest in prosthetic applications and increasing demand from the orthopedic segment.
- On the other side, the high expenditure on implants is anticipated to impact the growth of the market studied.
- Nevertheless, the development of 3D printing technological advancement is expected to provide opportunities to the market studied.
- North America is expected to be the largest market for hydroxyapatite and its products during the forecast period.
Hydroxyapatite Industry Segmentation
Hydroxyapatite is a naturally occurring mineral form of calcium apatite. Up to 70% of the weight of human bone is a modified form of hydroxyapatite.
The hydroxyapatite market is segmented by Type (Nano-sized, Micro-sized, Greater than Micrometers), Application (Dental Care, Plastic Surgery, Orthopedic, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The report also covers the market size and forecasts for the hydroxyapatite market in 15 countries across major regions. The report offers market sizes and forecasts in terms of revenue in USD million for all the above segments.
| By Type | |
| Nano-sized | |
| Micro-sized | |
| Greater than Micrometers |
| By Application | |
| Dental Care | |
| Plastic Surgery | |
| Orthopedic | |
| Other Applications |
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Hydroxyapatite Market Trends
This section covers the major market trends shaping the Hydroxyapatite Market according to our research experts:
Orthopedic Segment to Dominate the Hydroxyapatite Market
- Hydroxyapatite (HAp) is a fundamental calcium phosphate existing as the primary material of bones, teeth, and minerals, generally with high bi-affinity. Its composition promotes osseointegration between bone and orthopedic implants, allowing for the ultimate structural and functional connection. Due to its versatility, hydroxyapatite is becoming increasingly popular as an implant coating.
- Due to the similarity between nano-hydroxyapatite and mineralized bone, HAp powders have a high affinity to hard tissues. They bond chemically with the host tissue bringing about improved biological performance. These items produce bone graft substitutes, such as porous granules and block scaffolds for bone recovery.
- With the development of nanotechnology, a significant effect on materials science has been noted. Nano-hydroxyapatite (nano-HAp) is rising as a biomaterial in orthopedic applications due to its similarity in size, crystallography, and chemical composition with human hard tissue. To a great extent, bones are made of this type of mineral.
- According to the WHO (World Health Organization), by 2030, one out of every six people will be 60 years old or older. The number of people aged 60 and more is expected to rise from 1 billion in 2020 to 1.4 billion by 2050. By 2050, the global population of adults aged 60 and up will have doubled (2.1 billion). Between 2020 and 2050, the number of people aged 80 and more is predicted to triple, reaching 426 million.
- Although the movement in population distribution toward older ages, known as population aging, began in high-income nations (for instance, in Japan, 30% of the population is already over 60 years old), it is currently low- and middle-income countries that are seeing the most change. Two-thirds of the world's population over 60 will reside in low- and middle-income countries by 2050.
- With the growing aged population and health issues in several countries worldwide, the demand for orthopedics is expected to increase during the forecast period, thus, increasing the demand for hydroxyapatite.
- All the abovementioned factors are expected to drive the demand for hydroxyapatite during the forecast period.
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North America to Dominate the Market Studied
- The North American region holds a prominent share of the hydroxyapatite market globally. It is expected to dominate the market during the forecast period due to high investment and better healthcare infrastructure.
- In 2021, US healthcare spending grew by 4.2%, reaching USD 4.3 trillion after registering a growth of 9.7% in 2020. As a share of the nation's Gross Domestic Product, health spending accounted for 18.8%.
- Furthermore, according to World Bank data, the population aged 65 and above in the US stood at around 16.6% of the total population, which requires more medical attention for tooth decay and gum problems as well as a rising risk of arthritis among aged people.
- Government data showed that 75% of Canadians visit a dental clinic annually, and 86% do so at least once every two years. Thus, 84% of Canadians report their oral health as good or excellent.
- However, 34% of dentate Canadians aged 6-79 years have some treatment that needs to be identified. One out of three Canadians has a need, and only one out of six says they cannot address this need for financial reasons.
- Mexico is among the world’s most popular medical tourism destinations. The overall cost of living is low relative to the United States. That means hospitals and clinics can charge much less for medical procedures. Americans who lack health insurance, thus, make the short trip across the border to Mexico for treatment.
- Thus, the rising demand from various segments is expected to drive the market studied in the region during the forecast period.
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Hydroxyapatite Industry Overview
The market for hydroxyapatite is partially fragmented. Some of the players in the market include Zimmer Biomet, HOYA Technosurgical Corporation (HOYA Corporation), CGbio, Bio-Rad Laboratories Inc., and Taihei Chemical Industrial Co. Ltd.
Hydroxyapatite Market Leaders
Zimmer Biomet
HOYA Technosurgical Corporation (HOYA Corporation)
CGbio
Bio-Rad Laboratories Inc
Taihei Chemical Industrial Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
Hydroxyapatite Market News
- March 2022: Zimmer Biomet Holdings Inc. announced that the company completed its spinoff of ZimVie, Zimmer Biomet's former dental and spine business.
- March 2022: Cgbio signed a five-year contract worth KRW 10 billion with Kerunxi Medical, a Chinese company specializing in dental equipment, to export Bongros Dental, a bone graft material.
Hydroxyapatite Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Interest in Prosthetic Applications
4.1.2 Increasing Demand from the Orthopedic Segment
4.2 Restraints
4.2.1 High Expenditure of Implants
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size by Value)
5.1 By Type
5.1.1 Nano-sized
5.1.2 Micro-sized
5.1.3 Greater than Micrometers
5.2 By Application
5.2.1 Dental Care
5.2.2 Plastic Surgery
5.2.3 Orthopedic
5.2.4 Other Applications
5.3 By Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 APS Materials Inc.
6.4.2 Berkeley Advanced Biomaterials (GNI Group Ltd)
6.4.3 Bio-Rad Laboratories Inc.
6.4.4 CGbio
6.4.5 FLUIDINOVA
6.4.6 Granulab Sdn. Bhd. (KPower Berhad)
6.4.7 HOYA Technosurgical Corporation (HOYA Corporation)
6.4.8 SANGI CO. LTD
6.4.9 SigmaGraft Biomaterials
6.4.10 Taihei Chemical Industrial Co. Ltd
6.4.11 Zimmer Biomet
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of 3D Printing Technologically Advancement
Hydroxyapatite Market Research FAQs
What is the study period of this market?
The Hydroxyapatite Market is studied from 2017 - 2027.
What is the growth rate of Hydroxyapatite Market?
The Hydroxyapatite Market is growing at a CAGR of >6% over the next 5 years.
Which region has highest growth rate in Hydroxyapatite Market?
Asia Pacific is growing at the highest CAGR over 2017-2027.
Which region has largest share in Hydroxyapatite Market?
North America holds highest share in 2021.
Who are the key players in Hydroxyapatite Market?
Zimmer Biomet, HOYA Technosurgical Corporation (HOYA Corporation), CGbio, Bio-Rad Laboratories Inc, Taihei Chemical Industrial Co. Ltd. are the major companies operating in Hydroxyapatite Market.
Hydroxyapatite Industry Report
Statistics for the 2023 Hydroxyapatite market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hydroxyapatite analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
