The Global Hydroxyapatite Market Growth Accelerated By Growing Demand From Orthopedic And Dental Applications

Hydroxyapatite Market
 

 Hydroxyapatite is a naturally occurring mineral form of calcium apatite, with the formula Ca5(PO4)3OH. It is the major inorganic component of human hard tissue such as bones and teeth. Hydroxyapatite can be used as substitutes or extenders in bone grafting procedures and is an important material for hard tissue engineering applications due to its ability to bond chemically with bone. Hydroxyapatite delivers superior osteogenesis, osteoconduction and is well-tolerated by the body without invoking any undesirable immune reactions.

The global Hydroxyapatite Market is estimated to be valued at US$ 2761.23 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Growing demand from orthopedic and dental applications is one of the key trends driving the growth of the hydroxyapatite market. Hydroxyapatite has ability to fuse naturally with human bones and hence is widely used as bone graft substitutes for spinal fusion surgeries, trauma fixation and bone defect fillings. It is also used in dental applications for repair and reconstruction of damaged bones in jaw, teeth and gums. According to the U.S. National Library of Medicine, over 500,000 bone grafting procedures are carried out each year in United States to repair bone fractures that fail to heal naturally or for spinal fusions. Growing prevalence of orthopedic diseases and rising awareness regarding tissue regeneration is expected to drive the demand for hydroxyapatite over the forecast period.


Segment Analysis

The global Hydroxyapatite market is segmented by product into nano-sized, micro-sized and greater than micrometer. The nano-sized hydroxyapatite segment dominates the market and is expected to witness high growth over the forecast period. Nano-sized hydroxyapatite possesses superior biocompatibility and bioactivity properties making it a popular choice for biomedical applications like bone graft substitutes and coatings for dental and orthopedic implants.

Key Takeaways

The global Hydroxyapatite Market demand is estimated to be valued at US$ 2761.23 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.

Regional analysis:

North America region currently dominates the hydroxyapatite market and is expected to grow at a CAGR of 7.4% during the forecast period. High prevalence of orthopedic disorders coupled with advanced healthcare infrastructure and growing biomedical industry are major growth drivers in the region. Asia Pacific region is projected to be the fastest growing market owing to large patient pool, increasing healthcare spending and rising medical tourism.

Key players:

The global hydroxyapatite market is consolidated in nature with few major players operating globally. Key players operating in the hydroxyapatite market are West Pharmaceutical Services Inc., Berry Global Inc., Sartorius AG, Corning Inc., Gerresheimer AG, SCHOTT AG, Stevanato Group, AptarGroup Inc., SGD Pharma, Ompi - Stevanato Group, DWK Life Sciences, Nipro Corporation, Nolato AB, Terumo Corporation, Qosina Corp. Among them, West Pharmaceutical Services Inc., Berry Global Inc. and Sartorius AG collectively account for over 30% of the global market share. These players are focused on new product launches, partnerships and capacity expansions to strengthen their market position.

Get more insights on this topic: https://www.ukwebwire.com/hydroxyapatite-market-industry-insightstrendshydroxyapatite-market/

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