The global Hydroxyapatite Market is estimated to be valued at US$ 2396.9 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Hydroxyapatite is a naturally occurring calcium phosphate mineral and is the main inorganic component of human hard tissues such as bones and teeth. Due to its biocompatibility and osteoconductive properties, hydroxyapatite is widely used as a bone graft substitute and coating for implantable medical devices and prostheses. Market key trends: One of the key trends in the hydroxyapatite market is the increasing demand for craniofacial reconstruction and dental filling applications. Hydroxyapatite possesses excellent biocompatibility and osteoconductivity, making it a preferred material for repairing minor and major craniofacial defects caused by birth defects, injuries, or medical conditions like oral cancer. It stimulates new bone formation when grafted and integrated well with host tissues. The wide application of hydroxyapatite in craniofacial reconstruction and dental filling procedures is expected to drive the market growth during the forecast period. Segment Analysis The global hydroxyapatite market is segmented by product type, application and region. Based on product type, the market is divided into Nano-sized, Micro-sized and Greater than Micrometer. Among these, nano-sized hydroxyapatite segment holds the largest market share owing to its wide usage in dental and orthopedic applications. Nano-sized hydroxyapatite closely mimics the properties of bones and teeth and hence finds extensive adoption in medical applications. Key Takeaways The global Hydroxyapatite Market Growth Size is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing usage in dental and orthopedic applications. Regional analysis North America dominates the global hydroxyapatite market and is expected to continue its dominance over the forecast period. This is attributed to growing adoption of hydroxyapatite in dentistry, orthopedics, and other medical procedures, backed by advanced healthcare infrastructure and rising healthcare spending in the region. Asia Pacific exhibits the fastest growth in the hydroxyapatite market owing to growing medical tourism, rising healthcare awareness, and expanding medical sectors in emerging countries such as China and India. Key players Key players operating in the hydroxyapatite market are APS Materials Inc., Berkeley Advanced Biomaterials (GNI Group Ltd), Bio-Rad Laboratories Inc., CGbio, FLUIDINOVA, Granulab Sdn. Bhd. (KPower Berhad), HOYA Technosurgical Corporation (HOYA Corporation), SANGI CO. LTD, SigmaGraft Biomaterials, Taihei Chemical Industrial Co. Ltd, and Zimmer Biomet. The global hydroxyapatite market is fragmented owing to presence of several manufacturers. However, mergers and acquisitions, expansion of production facilities, and new product launches are some key strategies adopted by major players to gain competitive edge in the hydroxyapatite market. Read More, https://www.insightprobing.com/hydroxyapatite-market-trends-size-and-share-analysis
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