HOME Top Market Reports Hydroxyapatite Market by Type (Nano-sized, Micro-sized, Greater than Micrometers), Application (Orthopedic, Dental Care, Plastic Surgery), and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Global Forecast to 2023

Hydroxyapatite Market by Type (Nano-sized, Micro-sized, Greater than Micrometers), Application (Orthopedic, Dental Care, Plastic Surgery), and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: CH 6513

 

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The Hydroxyapatite (HAp) market is projected to grow from USD 2.10 billion in 2017 to USD 2.97 billion by 2023, at a CAGR of 5.9% between 2018 and 2023. The base year considered for the study is 2017 while the forecast period is between 2018 and 2023.

Objectives of the Report:

  • To define and segment the HAp market based on type, application, and region
  • To analyze and forecast the size of the HAp market, in terms of value
  • To analyze the market segmentation and project the market size, in terms of value for the key regions such as North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the HAp market
  • To strategically profile the key players operating in the HAp market

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the HAp market and to estimate the sizes of its other dependent submarkets. The research study involves the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the HAp market.

After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been then verified through primary research by conducting extensive interviews with key personnel such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives of the leading companies operating in the HAp market. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments of the HAp market. The breakdown of profiles of the primaries has been depicted in the below figure:

Hydroxyapatite Market

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The value chain of the HAp market includes sourcing of the basic raw materials used for producing hydroxyapatite, manufacturing process of hydroxyapatite, and distributors, which supply hydroxyapatite to various end users for different applications.

Berkeley Advanced Biomaterials (US), CAM Bioceramics (Netherlands), Fluidinova (Portugal), SigmaGraft (US), SofSera (Japan), and Taihei Chemical Industrial Co. Ltd. (Japan) are the leading players operating in the HAp market.

Key Target Audience:

  • Raw Material Suppliers
  • Manufacturers of Hydroxyapatite
  • End Users of Hydroxyapatite
  • Government Agencies, Regional Agencies, and Research Organizations
  • Investment Research Firms

Scope of the Report:

This research report categorizes the HAp market based on type, application, and region.

HAp Market, by Type:

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

HAp Market by Application

  • Orthopedic
  • Dental Care
  • Plastic Surgery
  • Others

HAp Market, by Region:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

The market has been further analyzed for the key countries in each of these regions.

Drivers

Continuous R&D activities to increase the applicability of HAp in the medical industry

The demand for bioactive ceramics in orthopedic and dental treatments is growing rapidly, due to their high biocompatibility and rapid healing properties. HAp is the most widely used bioactive ceramic materials, followed by bio-glass. The manufacturers are continuously investing in the R&D activities to enhance the properties of HAp and widen its application areas. These activities focus on replacing –OH group with other ions or varying the production process/temperature of the HAp. These activities also focus on developing HAp for specific applications. This is estimated to widen the opportunity for HAp manufacturers by taking the technical lead and increase market share.

Growing demand for implants

Medical implants are artificial devices that are used to replace damaged or missing biological parts. Implants help in delivering medication, monitoring body functions, and also provide support to organs and tissues in different applications (such as dental, orthopedic, and cardiovascular). The medical implants market is driven by the growing healthcare needs of the geriatric population, advancements in medical technologies, and rising incidence of chronic diseases, such as osteoarthritis, cardiovascular diseases, neuropathic diseases, and congenital disorders.

Restraints

Unfavorable healthcare reforms in the US

In August 2012, the US government planned to reduce Medicare spending by USD 716 billion over the next ten years (till 2022). As a part of this health care reform, a 2% cut was announced in the Critical Access Hospitals (CAH) Medicare payments (effective from April 2013). Furthermore, the government imposed a 2.3% excise duty on the domestic sales of taxable medical devices, effective from 2013 (under the Patient Protection and Affordable Care Act, 2010). Industry stakeholders estimate that these reforms will negatively affect the cash flow for medical device manufacturers operating in the US. Since the US commands a significant share of the global medical ceramics market, the unfavorable healthcare reforms in the country are expected to restrain the growth of the overall market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Regional Analysis:

  • A country-level analysis of the HAp market based on type
  • A country-level analysis of the HAp market based on application

Company Information:

  • Detailed analysis and profiling of additional market players

Product Analysis

  • Product matrix, which gives a detailed comparison of product portfolios of each company

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitation

2 Research Methodology (Page No. - 14)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Assumption

3 Executive Summary (Page No. - 21)

4 Premium Insights (Page No. - 24)
    4.1 Attractive Growth Opportunity for HAp Market
    4.2 APAC HAp Market, By Application
    4.3 HAp Market, By Application
    4.4 HAp Market, By Region

5 Market Overview (Page No. - 27)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Continuous R&D Activities to Increase the Applicability of HAp in the Medical Industry
                    5.2.1.2 Growing Demand for Implants
           5.2.2 Restraints
                    5.2.2.1 Unfavorable Healthcare Reforms in the US
           5.2.3 Opportunities
                    5.2.3.1 Growing Healthcare Industry and Easy Availability of Raw Materials in APAC
           5.2.4 Challenges
                    5.2.4.1 Unmet Performance Benchmark and Increasing Popularity of Bioresorbable Composites
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Buyers
           5.3.2 Bargaining Power of Suppliers
           5.3.3 Threat of New Entrants
           5.3.4 Threat of Substitutes
           5.3.5 Intensity of Competitive Rivalry

6 Hydroxyapatite Market, By Type (Page No. - 33)
    6.1 Introduction
    6.2 Nano-Sized
    6.3 Micro-Sized
    6.4 Greater Than Micrometer

7 Hydroxyapatite Market, By Application (Page No. - 38)
    7.1 Introduction
    7.2 Orthopedic
    7.3 Dental Care
    7.4 Plastic Surgery
    7.5 Others

8 HAp Market, By Region (Page No. - 44)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Rest of North America
    8.3 Europe
           8.3.1 France
           8.3.2 Russia
           8.3.3 Germany
           8.3.4 UK
           8.3.5 Portugal
           8.3.6 Rest of Europe
    8.4 APAC
           8.4.1 China
           8.4.2 Japan
           8.4.3 South Korea
           8.4.4 Rest of APAC
    8.5 Rest of the World

9 Company Profiles (Page No. - 72)
(Business Overview)*
    9.1 Fluidinova
    9.2 Sofsera
    9.3 Berkeley Advanced Biomaterials
    9.4 Taihei Chemical Industrial Co. Ltd.
    9.5 Sigmagraft
    9.6 Cam Bioceramics
    9.7 Zimmer Biomet
    9.8 APS Materials
    9.9 CG Bio Inc.
    9.10 Granulab (M) Sdn Bhd

*Details on Business Overview Might Not Be Captured in Case of Unlisted Companies.

10 Appendix (Page No. - 82)
     10.1 Insights of Industry Experts
     10.2 Discussion Guide
     10.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     10.4 Available Customizations
     10.5 Related Reports
     10.6 Author Details


List of Tables (63 Tables)

Table 1 HAp Market Size, By Type, 2016–2023 (USD Million)
Table 2 Nano-Sized HAp Market Size, By Region, 2016–2023 (USD Million)
Table 3 Micro-Sized HAp Market Size, By Region, 2016–2023 (USD Million)
Table 4 Greater Than Micrometer HAp Market Size, By Region, 2016–2023 (USD Million)
Table 5 HAp Market Size, By Application, 2016–2023 (USD Million)
Table 6 HAp Market Size in Orthopedic Application, By Region, 2016–2023 (USD Million)
Table 7 HAp Market Size in Dental Care Application, By Region, 2016–2023 (USD Million)
Table 8 HAp Market Size in Plastic Surgery Application, By Region, 2016–2023 (USD Million)
Table 9 HAp Market Size in Other Applications, By Region, 2016–2023 (USD Million)
Table 10 HAp Market, By Region, 2016–2023 (USD Million)
Table 11 North America: Hydroxyapatite Market Size, By Country, 2016–2023 (USD Million)
Table 12 North America: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 13 North America: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 14 North America: Hydroxyapatite Market Size, By Co untry and Type, 2016–2023 (USD Million)
Table 15 North America: Hydroxyapatite Market Size, By Country and Application, 2016–2023 (USD Million)
Table 16 Comparison Between North America and Europe, HAp Market Size, By Type, 2018–2023 (USD Million)
Table 17 Comparison Between North America and APAC, HAp Market Size, By Type, 2018–2023 (USD Million)
Table 18 Comparison Between North America and RoW, HAp Market Size, By Type, 2018–2023 (USD Million)
Table 19 Comparison Between North America and Europe, HAp Market Size, By Application 2018–2023 (USD Million)
Table 20 Comparison Between North America and APAC, HAp Market Size, By Application, 2018–2023 (USD Million)
Table 21 Comparison Between North America and RoW, HAp Market Size, By Application, 2018–2023 (USD Million)
Table 22 North America: Dental Implants & Prosthetics Market, By Country, 2016–2023 (USD Million)
Table 23 North America: Dental Implants Market, By Country, 2016–2023 (USD Million)
Table 24 US: HAp Market Size, By Type, 2016–2023 (USD Million)
Table 25 US: HAp Market Size, By Application, 2016–2023 (USD Million)
Table 26 Rest of North America: HAp Market Size, By Type, 2016–2023 (USD Million)
Table 27 Rest of North America: HAp Market Size, By Application, 2016–2023 (USD Million)
Table 28 Europe: Hydroxyapatite Market Size, By Country, 2016–2023 (USD Million)
Table 29 Europe: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 30 Europe: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 31 Europe: Hydroxyapatite Market Size, By Country and Type, 2016–2023 (USD Million)
Table 32 Europe: Hydroxyapatite Market Size, By Country and Application, 2016–2023 (USD Million)
Table 33 Europe: Dental Implants & Prosthetics Market, By Country, 2016–2023 (USD Million)
Table 34 Europe: Dental Implants Market, By Country, 2016–2023 (USD Million)
Table 35 France: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 36 France: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 37 Russia: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 38 Russia: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 39 Germany: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 40 Germany: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 41 UK: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 42 UK: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 43 Portugal: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 44 Portugal: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 45 Rest of Europe: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 46 Rest of Europe: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 47 APAC: Hydroxyapatite Market Size, By Country, 2016–2023 (USD Million)
Table 48 APAC: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 49 APAC: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 50 APAC: Hydroxyapatite Market Size, By Country and Type, 2016–2023 (USD Million)
Table 51 APAC: Hydroxyapatite Market Size, By Country and Application, 2016–2023 (USD Million)
Table 52 Asia Pacific: Dental Implants & Prosthetics Market, By Country, 2016–2023 (USD Million)
Table 53 Asia Pacific: Dental Implants Market, By Country, 2016-2023 (USD Million)
Table 54 China: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 55 China: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 56 Japan: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 57 Japan: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 58 South Korea: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 59 South Korea: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 60 Rest of APAC: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 61 Rest of APAC: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)
Table 62 Rest of the World: Hydroxyapatite Market Size, By Type, 2016–2023 (USD Million)
Table 63 Rest of the World: Hydroxyapatite Market Size, By Application, 2016–2023 (USD Million)


List of Figures (25 Figures)

Figure 1 HAp Market Segmentation
Figure 2 HAp Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 HAp Market: Data Triangulation
Figure 6 Micro-Sized to Be the Fastest-Growing Type
Figure 7 Orthopedic Application to Dominate the HAp Market
Figure 8 APAC to Register Significant Growth in the Market During the Forecast Period
Figure 9 Growing Demand From Orthopedic and Dental Care Products to Drive the HAp Market
Figure 10 Orthopedic Treatment Was the Largest Application
Figure 11 Dental Care Was the Second-Largest Application of HAp
Figure 12 APAC to Be the Fastest-Growing HAp Market
Figure 13 Overview of Factors Governing the HAp Market
Figure 14 HAp Market: Porter’s Five Forces Analysis
Figure 15 APAC to Remain the Largest Market for Nano-Sized HAp Between 2018 and 2023
Figure 16 APAC to Be the Fastest-Growing Micro-Sized HAp Market Between 2018 and 2023
Figure 17 Europe to Remain the Largest Market for HAp With Particle Size Greater Than Micrometer Between 2018 and 2023
Figure 18 Orthopedic Treatments Accounted for the Largest Market Share in 2017
Figure 19 North America to Be the Largest HAp Market in Orthopedic Application Between 2018 and 2023
Figure 20 APAC to Be the Fastest-Growing HAp Market in Dental Application Between 2018 and 2023
Figure 21 APAC to Be the Largest HAp Market in Plastic Surgery Application Between 2018 and 2023
Figure 22 APAC to Be the Fastest-Growing HAp Market in Other Applications Between 2018 and 2023
Figure 23 South Korea is the Fastest-Growing Market for HAp
Figure 24 North America: HAp Market Snapshot
Figure 25 APAC: HAp Market Snapshot

The Hydroxyapatite (HAp) market is projected to grow from USD 2.22 billion in 2018 to USD 2.97 billion by 2023, at a CAGR of 5.9% between 2018 and 2023. The HAp market is projected to grow at a significant rate during the forecast period due to the increasing consumer awareness about bioactive ceramics and growing healthcare expenditure across the globe.

Based on type, the HAp market has been segmented into nano-sized, micro-sized, and greater than micrometers. The micro-sized segment accounted for the largest share of the HAp market in 2017. The micro-sized hydroxyapatite is primarily used as an alternative to allogeneic and xenogeneic bone grafts. It is also used as a bone cement to fill voids in bones and teeth. Micro-sized hydroxyapatite is also used as a coating for implants and screws. The micro-sized hydroxyapatite is used in the pharmaceutical applications for controlled delivery of genes and proteins to the target tissues.

Based on application, the HAp market has been segmented into orthopedic, dental care, plastic surgery, and others. The orthopedic segment led the HAp market in 2017. This segment of the market is projected to lead the market during the forecast period as well. Hydroxyapatite is used as a coating for implants, bone grafts, and bone fillers. Due to its bioactivity, hydroxyapatite is used as an alternative to allogeneic and xenogeneic bone grafts, resulting in the reduced healing time required. The aging global population and growing demand for bioactive ceramics in the bone replacement surgeries are driving the demand for hydroxyapatite in the orthopedic applications.

The North American region accounted for the largest share of the HAp market in 2017. It is projected to lead the HAp market during the forecast period as well. The Asia Pacific HAp market is projected to grow at the highest CAGR during the forecast period. The increased demand for hydroxyapatite from countries such as China, Japan, and South Korea is driving the growth of the Asia Pacific HAp market. Moreover, the aging population, increasing disposable income of the middle-class population, and growing awareness among masses about the advantages of dental bone grafting and bone grafting over traditional treatments provide a huge growth opportunity for the manufacturers of hydroxyapatite in the Asia Pacific region.

Hydroxyapatite Market

The major restraints for the HAp market are unfavorable healthcare reforms in the US and unmet performance benchmark by hydroxyapatite such as its low fracture toughness. The key players operating in the HAp market are Berkeley Advanced Biomaterials (US), CAM Bioceramics (Netherlands), Fluidinova (Portugal), SigmaGraft (US), SofSera (Japan), and Taihei Chemical Industrial Co. Ltd. (Japan).

Opportunities

Growing healthcare industry and easy availability of raw materials in APAC

In APAC, the economies such as China and India are experiencing rapid growth in healthcare expenditure, thereby driving the healthcare industry in the region. This growth is attributed to the large population of these countries with increasing disposable income and growing investments from public and private sources in the healthcare infrastructure. The aging population and high disposable income increased the access to the expensive orthopedic and dental treatments. This has increased the demand for bioceramic products, thereby widening the opportunity for bioceramics and HAp manufacturers in the region.

Challenges

Unmet performance benchmark and increasing popularity of bioresorbable composites

The bioactive ceramics (HAp and bioglass) are used in replacing natural bone structures with different characteristics. Though HAp has high biocompatibility, it has poor mechanical properties such as low fracture toughness, which limits its load-bearing capability. This is expected to increase the adoption of alternative compounds such as bioresorbable and bioinert ceramic materials over HAp, especially in applications where good load-bearing capabilities are crucial.

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