North America Hydroxyapatite Market Size Growth Analysis Report 2019

Posted by Shiva on June 12th, 2019

Hydroxyapatite Market Size and Growth Rate:

Hydroxyapatite Market Size was valued at USD 2.34 billion in 2018 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.4 % during the forecast period to become a USD 3.04 billion market in 2023.

Hydroxyapatite is a naturally occurring calcium mineral which can be used as a bone graft or as bone and dental cement to fill in the gaps. It dissolves at an annual rate of 10% wt in vivo which is significantly lesser than the new bone formation rate. This quality makes it an ideal bone graft especially for elders who are undergoing grafting procedures as their metabolism and body functioning is slower.

North America growth in Hydroxyapatite Market:

By geography, the Hydroxyapatite Market is segmented into US and Canada. North America the third largest market for Hydroxyapatite Market. Instabilities in supply, as well as accessibility of alternatives, could hinder the growth of the Hydroxyapatite Market in this region. North America and Europe have a decently stable Hydroxyapatite Market, as the leading industries in these region are self-sustainable for the requirement in their region. North America and Europe are almost equally stable in the market as major giants in this field tend to invest in a low-cost region like the Asia Pacific than in North America and Europe.

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Market Drivers and Restraints:

The growing world population, along with increased access to health facilities, is driving the healthcare industry forward, and the demand for quality healthcare in emerging markets has increased dramatically in recent decades. With the increase in disposable income, families are not afraid to invest in the best possible medical facilities for their loved ones. Along with the above, the increase of the elderly population with an increasing need for bone grafts and transplants has driven the market.

The abandonment of traditional diets in favor of commercial snacks rich in sugar, breakfast cereals, and soft drinks is causing a dental emergency among younger populations. This is also one of the drivers of the market, as hydroxyapatite is used as a filling for caries and as a coating for teeth. Although hydroxyapatite is a natural mineral, it is also synthesized in the industry. The rise in labor costs and fluctuations in commodity prices are impacting growth in the industry.

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Hydroxyapatite Market Detailed Segmentation:

By size:

  • Nano-sized
  • Micro-sized
  • Greater than Micrometers

By Application:

  • Orthopedic
  • Dental Care
  • Plastic Surgery

Prominent Key Players are:

  1. Berkeley Advanced Biomaterials (US)
  2. SigmaGraft (US)
  3. CAM Bioceramics (Netherlands)
  4. Taihei Chemical Industrial Co. Ltd. (Japan)
  5. SofSera (Japan)
  6. Fluidinova (Portugal)
  7. Zimmer Biomet (US)
  8. Johnson & Johnson (US)
  9. Medtronic (Ireland)
  10. APS Materials Inc (US)
  11. Bonesupport Holding AB (Sweden)

Competition Analysis:

Berkeley Advanced Biomaterials (US) is a company that specializes in the production of Hydroxyapatite for medical uses. It was started in the year 1996 in California, USA to manufacture hydroxyapatite grafts that are tailored to the customer’s needs.

The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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Shiva

About the Author

Shiva
Joined: June 11th, 2019
Articles Posted: 88

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