Global Hydroxyapatite (HAp) Market to Grow at a CAGR over 6.11% from 2018 to 2025

Researchstore.biz launched a study titled “Global Hydroxyapatite (HAp) Market by Type (Nano-Sized, Micro-Sized, Greater than Micrometers), Application (Orthopedic, Dental Care, Plastic Surgery), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.

The global hydroxyapatite (HAp) market is expected to grow from USD 2.16 Billion in 2017 to USD 3.47 Billion by 2025 at a CAGR of 6.12% during the forecast period from 2018-2025. Major drivers that fuel the growth of hydroxyapatite (HAp) market are:

Continuous research and development activities to increase the applicability of HAp in the medical industry
Growing demand for implants
Increasing healthcare expenditure

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Market Summary:
Hydroxyapatite (HAp) is mineral form of calcium apatite used in orthopedic, dental care, and plastic surgery applications. Hap can be synthesized through several methods including wet chemical deposition, biomimetic deposition, sol-gel route or electro deposition. It is used as bone grafts, fillers, and coatings for metal implants. It can be used with nanotechnology that makes it applicable for orthopedic surgeries and drug delivery systems.

Continuous research and development activities to increase the applicability of HAp in the medical industry and growing demand for implants to drive hydroxyapatite (HAp) market:
Continuous research and development activities to increase the applicability of HAp in the medical industry and growing demand for implants are the key driving factors for the hydroxyapatite (HAp) market. In addition, increasing healthcare expenditure will lead the growth of hydroxyapatite (HAp) market in couple of years. The unfavourable healthcare reform may limit the growth of market. However, growing healthcare industry and easy availability of raw materials is expected to boost the hydroxyapatite (HAp) market over the forecast period.

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Segmentation Analysis:
The global hydroxyapatite (HAp) market is segmented on the basis of type, application, and regions.

Orthopedic segment held the largest market share of 36.33% in 2017
Application segment covers orthopedic, dental care, and plastic surgery. Orthopedic segment is anticipated to grow with highest CAGR as it is widely used as coating for metal implants to increase biocompatibility. The growing convenience and cost efficient orthopedic treatments will increase the market share to orthopedic segment.

Micro-sized segment valued around USD 758.59 Million in 2017
Type segment includes nano-sized, micro-sized, and greater than micrometers. Micro-sized segment is anticipated to grow with highest CAGR over the forecast period. The use of nanotechnology increases the applicability of micro-sized hydroxyapatite is the key factors to drive the demand of micro-sized segment

Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America held the largest market share of approximately 30.68% in 2017. Increase number of arthroplasty and dental implant surgeries and growing aged population across the globe is the major factor that led to the growth of hydroxyapatite (HAp) market in this region.

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Competitive Analysis:
The major players for hydroxyapatite (HAp) market include SofSera, Fluidinova, Bio-Rad, Bonesupport AB, GE Healthcare, Sigma Graft, Berkeley Advanced Biomaterials, Zimmer Biomet, Nano Interface Technology, Nanjing Emperor Nano Material, Suzhou Dingan, CG Bio Inc. , Granulab (M) Sdn Bhd, and Nanjing Emperor Nano Material.

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