Hydroxyapatite (HA) is a major component of normal bone and teeth that is already used as a coating on orthopedic implants to promote fixation and bone in-growth. Increasing demand for dental as well as orthopedic implants coupled with rising popularity of bioactive materials and robust investment in the R & D activities for widening applications of hydroxyapatite are expected to drive the growth of the HAp market. This factor is estimated to be key factor over the forecast period across the globe. The report offers extensive introduction as well as growth prospects traced in the global hydroxyapatite market.
Some of the key players in the global hydroxyapatite market are Berkeley Advanced Biomaterials, Fluidinova, CAM Bioceramics, SigmaGraft, Taihei Chemical Industrial Co. Ltd., and SofSera. These key players are looking to enter in to strategic alliance with the surgical oncology device developers for manufacturing the coating technology and surgery implants. For instance, in 2019, the Onkos Surgical said today that it is working with Promimic AB commercialize its Promimic’s nano-thin hydroxyapatite coating technique on limb salvage implants. These kind of mergers for constant in-flow of business is estimated to push market growth in coming years.
In 2016, under the advancement of the hydroxyapatite, the researchers developed novel bacteria-resistant hydroxyapatite film, which saves the ionic silver through inositol hexaphosphate chelation. In 2012, the U.S. government has reduced medicare spending by USD 716 billion over the next ten years. Since the U.S. has been a key region for the global medical ceramics market, the unfavorable healthcare reforms in the country are expected to restrain the growth of the overall market.
Based on the region, the hydroxyapatite market is segmented in to five parts such as North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Of these, the North America region is estimated to dominate the hydroxyapatite market owing to highest investment for healthcare infrastructure in the region. However, Asia Pacific hydroxyapatite market is anticipated to expand at a highest CAGR during the forecast period.