The Hydroxyapatite Market is Estimated to Witness High Growth Owing to Opportunity in Sports Medicine Applications

 

Hydroxyapatite Market

Hydroxyapatite is a naturally occurring mineral form of calcium apatite, with the chemical formula Ca10(PO4)6(OH)2. It is the major mineral constituent of teeth and bones. In its naturally occurring form, hydroxyapatite is used as a ceramic material in surgical implants and substitutes. Hydroxyapatite can be used in coatings for artificial joints, bone substitutes, bone scaffolds, repair of defects in dental enamel and filling of periodontal defects. It also finds applications in orthopedic, plastic surgery and reconstructive surgery as bone graft substitute. 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 Dynamics:

One of the key drivers for the growth of the hydroxyapatite market is the increasing demand for hydroxyapatite-based orthopedic implants. Hydroxyapatite has bioactive and osteoconductive properties that help in faster healing of bones and integration of the implant with the natural bone. Hydroxyapatite coatings on metallic implants provides a biochemical bond between the implant and bone, leading to better fixation of the implant. This reduces stress-shielding and improves stability of orthopedic implants such as hip implants, dental implants, screws etc. Usage of hydroxyapatite coatings has been shown to reduce healing time and promote rapid bone formation around implants.

 

SWOT Analysis

Strength: Hydroxyapatite has good biocompatibility and bioactivity, which makes it suitable for applications in dentistry and orthopedics. It bonds well with hard tissues like bone and teeth due to its chemical composition similar to bone mineral. Its excellent osteoconductivity helps new bone formation.

Weakness: Hydroxyapatite is brittle in nature with relatively low fracture toughness, limiting its use in high stress bearing applications. Processing hydroxyapatite into various forms requires sintering at high temperatures, which can lead to phase transformations.

Opportunity: Increasing incidence of dental diseases and growing geriatric population prone to orthopedic conditions are driving the demand for hydroxyapatite. It is being widely researched for developing advanced bone graft materials and coatings for implants. No drawbacks of autografts and allografts increase the popularity of synthetic bone grafts containing hydroxyapatite.

Threats: Stringent regulatory norms for approval of new medical applications act as a barrier for market players. Impact of COVID-19 led economic slowdown and trade barriers pose challenges. Alternatives like calcium phosphate substitutes create competition.

 

Key Takeaways

 

The Global Hydroxyapatite Market Size is expected to witness high growth.

Regional Analysis: North America currently dominates the market due to continuous technical advancements and increasing number of cosmetic and orthopedic surgical procedures in this region. The Asia Pacific region is expected to grow at the fastest rate over the forecast period owing to large patient pool, rising medical tourism, and improving healthcare infrastructure in many developing countries.

 

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, and Qosina Corp. Hydroxyapatite microspheres manufactured by Sappiria Inc are being researched for future bone therapies and 3D printing of prosthetics. Various nanocrystalline hydroxyapatite pastes and cements are gaining attention for minimally invasive spine surgeries and fracture repairs.


Get More Insights Here

https://www.newswirestats.com/hydroxyapatite-market-size-share-growth-outlook-2023/

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