Global Hydroxyapatite Ceramics Market 2020- Size, Share & Trends Analysis Report By Product, By Distribution Channel, By Region and Segment Forecasts 2020-2027
The “Global Hydroxyapatite Ceramics Market by Product Type (Porous Hydroxyapatite Ceramics & Dense Hydroxyapatite Ceramics) and by End-Users/Application (Orthopedic & Dental) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 – 2027” report has been added to ProficientMarket.com’s offering.
In terms of revenue, global hydroxyapatite ceramics market in 2019 stood at USD 1,47,873.39 million and is expected to reach USD 200,944.21 million by 2026 growing at a CAGR of 4.48% from 2019 to 2026.
Some of the global major players operating in the global hydroxyapatite ceramics market include: Plasma Biotal UK Limited, Bio-Rad Laboratories, Inc., CAM Bioceramics B.V., Shanghai Bio-lu Biomaterials Company Limited, FLUIDINOVA, S.A., Stryker Corp. & Others.
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Drivers for the Global Hydroxyapatite Ceramics Market: Due to the increasing geriatric population and demand for preventive, restorative, and surgical services for dental care is boosting the market. In addition to this, Favorable government initiatives regarding dental hygiene is another factor responsible for market growth. While The key drivers for this market are increasing cases of dental conditions and rising demands for cosmetic dentistry. Besides this, increasing disposable incomes, the willingness to undergo expensive cosmetic procedures have also increased amongst the population in various countries, specifically among the aging population is propelling the growth of Global Hydroxyapatite Ceramics Market.
Opportunities for the Global Hydroxyapatite Ceramics Market: Production of implantable electronic devices, tissue engineering solutions, wound healing equipment, and medical & diagnostic tools are likely to boost the global hydroxyapatite ceramics market at the forecast period. While the increase in the geriatric population, which is prone to risks related to various diseases such as osteoarthritis, knee, joint and hip problems, tooth decay amongst others. The increasing geriatric population incorporating other factors such as the increasing number of accidents, bad eating habits leading to tooth decay amongst others are the factors responsible for fueling the demand for hydroxyapatite ceramics at the forecast period.
Restrains for the Global Hydroxyapatite Ceramics Market: The high costs of bioceramics and hydroxyapatite are creating a negative impact in middle class & low-class population including the geriatric population regarding the hydroxyapatite ceramics market as the manufacturers offers this product at premium prices. While lack of consumer awareness is another factor hampering the growth of this market. However, due to the lack of resources in developing countries such as Asia, manufacturers are mainly developing only metal-based implants. owing to these factors, the global hydroxyapatite ceramics market is expected to face a decline in the coming years.
Region Wise, Global Hydroxyapatite Ceramics Market Analysis: Report covers the region-wise analysis, global hydroxyapatite ceramics market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Among all, Asia Pacific leads the global hydroxyapatite ceramics market share which is followed by North America and Europe. While the Asia Pacific leads the global hydroxyapatite ceramics market share as the increased demand for hydroxyapatite from countries such as China, Japan and India are driving the growth of the Asia Pacific hydroxyapatite ceramics market. However, increasing geriatric population, rising disposable income of the middle-class population, and growing awareness amongst the population about the advantages of dental bone grafting & bone grafting over traditional treatments offers a huge growth opportunity for the manufacturers of hydroxyapatite ceramics in the Asia Pacific region.
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Global Hydroxyapatite Ceramics Market: Product analysis
Porous Hydroxyapatite Ceramics
Dense Hydroxyapatite Ceramics
On the basis of type, Porous Hydroxyapatite Ceramics accounted for the largest share of total revenue generated. Because of its utilization as filters, absorbers, dust collectors, thermal insulation, hot gas collectors, dielectric resonators, bioreactors & bone replacement. While its properties such as mechanical strength, permeability, abrasion resistance, chemical, and thermal stability led to increasing its usage in this market. In addition to this, it also has a low density, low mass, and low thermal conductivity, due to which it is ideal for usage in bone replacement surgeries. However, due to the following reasons, the product is accounted for the largest market share in this market.
Global Hydroxyapatite Ceramics Market: Application analysis
The demand for global hydroxyapatite ceramics market is highest from Orthopedic, due to the demand for orthopedic implants such as the knee, hip, and joint replacements are increasing rapidly. While the rising geriatric population has boosted the demand for bioceramics and hydroxyapatite among the orthopedic implants manufacturers. In addition to this, Hydroxyapatite is utilized as a coating for implants, bone grafts, and bone fillers. However, due to its bioactivity, it is used as an alternative against allogeneic and xenogeneic bone grafts that results in the reduction of healing time span.
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Global Hydroxyapatite Ceramics Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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