Growing youth inclination towards cosmetic surgeries, increasing incidences of dental caries and rising demand for orthopedic implants to drive global hydroxyapatite market through 2023
According to TechSci Research report, “Global Hydroxyapatite Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2013 – 2023’’, global hydroxyapatite market is forecast to reach $ 2.9 billion by 2023, on the back of increasing number of orthopedic and dental surgeries, and growing need for joint implants such as knee and hip implants. Growing number of plastic surgeries among youth for better appearance and increasing awareness about bioactive ceramics coupled with huge research & development investments by large players to boost hydroxyapatite application areas are expected to fuel the hydroxyapatite market, globally. Some of the other major factors anticipated to drive the market are rising disposable income of middle class, growing awareness about dental and bone grafting, and rising demand for multiple body implants.
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Micro-sized hydroxyapatite segment dominated the global hydroxyapatite market in 2017. Rising concerns regarding the better adaptability and acceptance of implants in the human body are widening the application of micro-sized hydroxyapatite in the coating of bone and teeth implants, due to which this product segment is expected to dominate the market in coming years. Moreover, usage of micro-sized hydroxyapatite has expanded from void fillers in bone and teeth to controlled delivery of genes and proteins to the target tissues. North America accounts for the largest share in global hydroxyapatite market, owing to rising elderly population and increasing frequency of dental and orthopedic surgeries in the region.
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“Several leading hydroxyapatite manufacturers are undergoing mergers & acquisitions in their quest to expand their presence across the globe. In 2018, Bonesupport Holding collaborated with Collagen Matrix, Inc. to expand its product offerings in bone grafting substitutes. Being a bioactive and bioceramic material, hydroxyapatite is significantly participating in gene delivery and is readily accepted by the human body in dental and orthopedic implants. As joint related problems among geriatric population and number of dental defects in children are growing, demand for hydroxyapatite is expected to grow across the globe during forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Hydroxyapatite Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of hydroxyapatite market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in global hydroxyapatite market.
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