Soaring Orthopedic and Dental Surgeries to Drive Global Hydroxyapatite Market through 2023
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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