United States Hydroxyapatite Market to Grow with a CAGR of 5.48% through 2028
Surge in
technological advancements is expected to drive the United States
Hydroxyapatite Market growth in the forecast period, 2024-2028
According to
TechSci Research report, “United States Hydroxyapatite Market – By Region,
Competition, Forecast and Opportunities, 2018-2028”, the United
States Hydroxyapatite Market stood at USD391.03 million in 2022 and is
anticipated to grow with a CAGR of 5.48% in the forecast period, 2023-2028. The
initiatives taken by government based on hydroxyapatite has led to favorable
market conditions for the United States Hydroxyapatite Market. Several factors
contribute to the growth of various hydroxyapatite products.
The National
Science and Technology Development Agency (NSTDA) and Chulalongkorn University
in Thailand have collaborated to introduce a revolutionary nano-hydroxyapatite
toothpaste, specifically formulated to cater to the dental needs of children.
This groundbreaking development highlights the growing recognition and
appreciation of hydroxyapatite's remarkable effectiveness in oral care,
especially for the young ones who deserve the best dental hygiene products
available in the market.
In a significant
stride towards advancing the field of dentistry, the esteemed Code Maintenance
Committee has recently approved four new codes that align with the American
Dental Association's progressive policy on the role of dentistry. While these
codes may not specifically focus on hydroxyapatite, they play a pivotal role in
laying the foundation for its wider acceptance and integration into dental
procedures. This positive momentum sets the stage for the future of dentistry,
opening doors to embrace innovative materials like hydroxyapatite and explore
their potential benefits in oral healthcare.
Recognizing the
importance of ensuring the safety and efficacy of hydroxyapatite coated
orthopedic implants, the U.S. Food and Drug Administration (FDA) has taken a
proactive approach by providing comprehensive guidance to manufacturers. This
guidance outlines the essential information required for the proper development
and evaluation of hydroxyapatite coated implants, reinforcing their
reliability, and promoting their utilization in orthopedic procedures. By
upholding stringent regulatory standards, the FDA contributes to the
advancement of orthopedic medicine, ensuring patients receive the best possible
treatment options with utmost care and confidence.
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Technological
advancements have paved the way for innovative applications of hydroxyapatite,
particularly in healthcare and biotechnology. For instance, the introduction of
hydroxyapatite-coated femoral components has significantly enhanced the success
rate of orthopedic implants. These coatings facilitate superior integration with
body tissues, ensuring the long-term functionality of the implants.
Furthermore, the
emergence of nanotechnology has played a pivotal role in the expansion of the
hydroxyapatite market. Nano-sized hydroxyapatite particles exhibit enhanced
bioactivity and biocompatibility, making them highly suitable for applications
in bone grafting, dental implants, and cosmetics.
Moreover,
technological advancements have also fostered the development of novel
hydroxyapatite-infused products. For instance, hydroxyapatite is now utilized
in toothpastes and skincare products owing to its protective and remineralizing
properties.
The United
States Hydroxyapatite Market is segmented into type, application, regional
distribution, and company
Based on its application,
the Orthopedic segment held the largest share in the market. The rise in the
number of healthcare services, along with growing health concerns in both the
upper-class and middle-class populations, has contributed to the increased
demand for hydroxyapatite. This versatile compound finds extensive use in the
coating of medical devices for knee and hip surgeries, further driving market
growth. Additionally, in the dental care segment, hydroxyapatite has gained
significant popularity as a fluoride substitute in toothpaste and other dental
products. Its effectiveness in enamel remineralization surpasses that of saliva
and other compounds, making it a preferred choice for oral health maintenance.
The unique properties of hydroxyapatite make it an indispensable component in
the field of healthcare and dentistry.
Based on region,
Midwest segment is expected to grow during the forecast period.
Hydroxyapatite,
a calcium phosphate compound, finds extensive applications in ocular implants,
non-integrated implants, and dental surgeries, particularly in countries like
the U.S. and Canada. The demand for hydroxyapatite is driven by various
factors, including technological advancements and the rise in disposable income
among the middle-class population, especially in Midwest. Additionally, the
region boasts a significant presence of chemical compound manufacturers such as
American Elements and Merz Pharma GmbH, offering high-purity hydroxyapatite
(95-99%).
Major companies
operating in United States Hydroxyapatite Market are:
- Sofsera
Corporation
- Taihei
Chemical Industrial Co. Ltd
- Cam
Bioceramics BV
- APS
Materials Inc.
- Granulab
(M) Sdn Bhd
- Berkeley
Advanced Biomaterials Inc.
- Zimmer
Biomet Holdings Inc
- CG
Bio Inc.
- Bio-Rad
Laboratories Inc.
- Fluidinova
S.A.
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“Growing
application of hydroxyapatite in various end user industries are key drivers of
the hydroxyapatite market. Growth in competitive landscape and presence of
well-established companies in the market who are dedicated to enhance their
productivity of hydroxyapatite with every passing year are anticipated to
register an impressive growth to United States Hydroxyapatite Market in the
forecast period.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“United States
Hydroxyapatite Market Segmented By Type (Nano-Sized, Micro-Sized, Greater than
Micrometer), By Application (Orthopedic, Plastic Surgery, Dental Care, Others),
By Region, Competition, Forecast and Opportunities, 2018-2028”,
has evaluated the future growth potential of United States Hydroxyapatite
Market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in United States
Hydroxyapatite Market.
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