[FURL=https://www.industryarc.com/Research/hydroxyapatite-Market-Research-500012]Hydroxyapatite Market[/FURL] size is forecast to reach $2.8 billion by 2025, after growing at a CAGR of 6% during 2020-2025. Increasing demand from end-use industries such as healthcare drives global market growth for hydroxyapatite. Additionally, in orthopedic procedures hydroxyapatite is used as a bone replacement. The rise in orthopedic surgery affordability is expected to fuel global market growth. In addition, ongoing research and development activities aimed at increasing the applicability of hydroxyapatite in the medical industry are anticipated to drive global market growth.Key Takeaways
Strict international healthcare regulations for use of hydroxyapatite are anticipated to curb the growth of the global demand for hydroxyapatite. Nevertheless, it is expected that ease of availability of raw materials and increasing healthcare industry will provide lucrative opportunities for the growth of the global market for hydroxyapatite.
The COVID-19 pandemic affects health care networks around the world. The rapidly rising demand for health care services and health care staff is threatening to leave some health systems overstretched and incapable of functioning effectively. This factor is affecting the healthcare industry.
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Geography - Segment Analysis
In 2019, North America is accounted for the largest share of the hydroxyapatite market due to highest investment for healthcare infrastructure in the region. In addition, Asia Pacific hydroxyapatite market is anticipated to expand at a highest CAGR during the forecast period. Owning to the growing demand for hydroxyapatite from countries such as China, Japan, and South Korea is driving the growth of the Asia Pacific hydroxyapatite market.
Drivers – Hydroxyapatite Market
Growing demand of medical implants in healthcare industry
Medical implants are artificial devices which replace damaged or missing biological components. Implants help administer medicine, control body processes, and also provide assistance in various applications for organs and tissues (such as dental, orthopedic, and cardiovascular).
Market Landscape: Hydroxyapatite Market top 10 companies are CAM Bioceramics, Berkeley Advanced Biomaterials, SigmaGraft Inc. Biomaterials, Fluidinova, Taihei Chemical Industrial Co. Ltd., SofSera, APS Material, Zimmer Biomet, and APS Materials. Other players in the value chain analysis (and not included in the report) include CG Bio Inc., Fluidinova, Sigmagraft, and Granulab (M) Sdn Bhd., among others.
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