Soaring Orthopedic and Dental Surgeries to Drive Global Hydroxyapatite Market through 2023
North America accounts for the largest share of the global hydroxyapatite market due to the rising elderly population and increasing frequency of dental and orthopedic surgeries in the region.
According to a recent report from TechSci Research, the global hydroxyapatite market is forecast to reach $2.9 billion by 2023 due primarily to increasing numbers of orthopedic and dental surgeries worldwide. The growing need for joint implants such as knee and hip implants, a growing number of plastic surgeries among youth for better appearance, and increasing awareness about bioactive ceramics—coupled with huge research and development investments by large players to boost hydroxyapatite application areas—are expected to fuel the global hydroxyapatite market. Some additional factors that are anticipated to drive the market include the rising disposable income of the middle class, a growing awareness about dental and bone grafting, and the rising demand for multiple implants.
The 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. In addition, the use 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 of the global hydroxyapatite market due to the rising elderly population and increasing frequency of dental and orthopedic surgeries in the region.
“Several leading hydroxyapatite manufacturers are undergoing mergers and acquisitions in their quest to expand their presence across the globe,” said Karan Chechi, research director for TechSci Research. “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 the geriatric population and number of dental defects in children are growing, demand for hydroxyapatite is expected to grow across the globe during the forecast period.”
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