A hydroxyapatite microsphere was prepared using a spray-drying method. The change in the shape as a function of the slurry concentration and the change in the degree of shrinkage according to the heat-treatment temperatures were observed. To obtain biomaterials with improved bio-stability, $CaHPO_4{cdot}2H_2O$ and $Ca(OH)_2$ were mixed at a ratio of 6 : 4 and then ball-milled to synthesize hydroxyapatite. The hydroxyapatite microsphere was prepared using 30 wt% ~ 80 wt% hydroxyapatite slurry by a spray-drying method. For concentrations lower than 50 wt% or higher than 80 wt%, doughnut-shaped microspheres were produced. However, perfect microspheres were produced when using slurry concentrations of 50 wt% ~ 70 wt%. A dense microstructure was observed after a heat treatment at temperatures higher than $1100^{circ}C$ and the size was reduced by 24.3% at these temperatures.