Hydroxyapatite Market to Generate $3.65 Billion by 2027, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the hydroxyapatite market across Asia-Pacific is expected to cite the fastest CAGR during the forecast period.
Allied Market Research published a research report on the hydroxyapatite market. The findings of the report states that the global market for hydroxyapatite generated $2.46 billion in 2019, and is projected to reach $3.65 billion by 2027, witnessing a CAGR of 5.1% from 2020 to 2027. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
The report provides detailed insights on the drivers, restrains, and opportunities to help the market players devise several growth strategies. Rise in demand for bone transplants and bone grafting, increase in disposable income, and advancements in R&D fuel the growth of the global hydroxyapatite market. On the other hand, high cost of implants impedes the growth to some extent. Nevertheless, innovations in product development are projected to pave the way for multiple opportunities in the industry.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the hydroxyapatite market globally. Dental practices across the world were only considering emergency patients, which gave way to significant fall in the revenue throughout the sector. The disrupted supply chain, on the other hand, led to distortions in the manufacturing of dental care products and orthopedic implants, which impacted the global hydroxyapatite market negatively. However, the market has started recovering at a fast pace.
“The global hydroxyapatite market is heading towards an expansion phase. This is mainly attributed to a significant surge in demand for bone transplants and bone grafting material. As the quality healthcare services are increasing in developed as well as in emerging economies, customers are inclined toward aesthetic and dental surgeries. In addition, growing population of elderly people in the countries, such as the U.S. and Canada, further fuel the demand for orthopedic implants; there, boosting the market growth. The presence of large number of hydroxyapatite manufacturers and suppliers has positioned North America as a lucrative region for the global hydroxyapatite market growth.” said Eswara Prasad, Manager, Chemical & Material at Allied Market Research.
The report offers detailed segmentation of the global hydroxyapatite market based on type, application, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

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By type, the micro-sized segment accounted for more than half of the global market share in 2019, and is projected to dominate by the end of 2027. The nano-sized segment, however, would cite the fastest CAGR of 5.5% by 2027.
By application, the orthopedic segment held around two-fifths of the total market revenue in 2019, and is anticipated to retain the lion’s share by 2027. However, the plastic surgery segment would manifest the fastest CAGR of 5.6% during the forecast period.
By region, North America garnered the highest share in 2019, contributing to two-fifths of the global market. Simultaneously, the Asia-Pacific region is expected to cite the fastest CAGR of 5.5% throughout the study period.
The leading market players analyzed in the global hydroxyapatite market report include Granulab (M) Sdn Bhd, Sofsera, Berkeley Advanced Biomaterials, Taihei Chemical Industrial Co. Ltd., Fluidinova, Cam Bioceramics, Aps Materials, Cg Bio Inc, and Zimmer Biomet.

About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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