Hydroxyapatite Is Estimated To Witness High Growth

Posted 2023-12-27 09:55:04

Market Dynamics:

The rising demand for hydroxyapatite from the orthopedic industry is one of the key drivers propelling the market growth. Hydroxyapatite coatings on metallic implants such as knee and hip replacements extend the lifetime of implants by preventing cracking and loosening. Moreover, hydroxyapatite-coated dental implants demonstrate better osseointegration and high survival rates compared to non-coated implants. This factor is further amplifying the demand from the dental industry. Another driver fueling the market is increasing geriatric population worldwide who are more prone to musculoskeletal disorders, necessitating hip and knee replacements.

Key Takeaways

The Global Hydroxyapatite Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to grow from US$ 2396.9 Mn in 2023 to reach over US$ 5000 Mn by 2030, recording a CAGR of around 6.52%.

Regional analysis indicates Asia Pacific region is expected to emerge as the fastest growing as well as dominating region in the global hydroxyapatite market. Rising healthcare expenditure, large patient pool suffering from orthopedic conditions, growing medical tourism are fueling the demand growth in countries like China, India and Japan.

Key players operating in the hydroxyapatite market are Aetna, AmeriHealth, Lynn Community Health Center, CHAS Health, Cigna, Siemens Healthcare GmbH, NextGen Healthcare, and Athena Healthcare. These companies are focusing on new product launches, geographical expansion and strategic collaborations to strengthen their market position.

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