Dental Prosthetics Market with Future Prospects, Key Player, Types, Applications, SWOT Analysis And Forecast 2020 To 2027
Global Dental Prosthetics Market: Information By Type (Denture, Crown, Bridges, Veneer, Abutment, Inlays), By Type of Material (Porcelain-Fused-to-Metal (PFM), Metal, All-Ceramic, Others) and By End User (Dental Hospitals & Clinics, Dental Research Laboratories) - Forecast till 2027
Market Synopsis
Market Research Future (MRFR) asserts that the global dental prosthetics market is slated to register a CAGR of 5.5% during the forecast period (2016-2023). The surging awareness about oral health is likely to offer the market a sturdy growth. Also termed as Prosthodontics, dental prosthetics are commonly used in the improvement of deficient or damaged teeth and helps to improve the functions along with the appearance of the teeth. Dental prosthetics deal with the temporary or permanent replacement of missing teeth, where screws or dental adhesives are used to fix dental prosthesis. The different type of dental prostheses available in the market is dental bridges, dental crown, abutment, dental veneers, inlays, denture, and onlays.
Market Potential and Pitfalls
The global dental prosthetics market is expanding at a breakneck speed owing to several factors such as increased geriatric population and surging awareness regarding oral health. Manufacturers in the market are developing innovative products in order to offer more advanced solutions to dental professionals, which is highly contributing to the growth of the market. Cosmetic dentistry is gaining prominence across the world with people getting conscious about the appearance of their teeth.
The augmenting prevalence of severe periodontal diseases is estimated to trigger the demand for dental prosthetics across the globe. Various international authorities like the American Academy of Implant Dentistry and the World Health Organization have reported in an increased patient count suffering from severe periodontal diseases which are benefiting the market to a large extent. With the increased incidences of oral cancer across the world, the market is likely to foster. Moreover, the rising disposable income of the people, consumption of unhealthy food items, and ever-increasing geriatric population are influencing the market growth throughout the appraisal period.
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On the contrary, the rising entry of new players in the market is creating a huge disparity in the cost of prosthetics, as the local vendors are offering such products at comparatively lower rates. This has resulted in a disruption in the market globally. Moreover, the lack of awareness among the individuals coupled with the limited number of implantologists is hampering the market growth.
Global Dental Prosthetics Market: Segmental Analysis
The global dental prosthetics market has been segmented on the basis of type, material, and end-users.
By mode of type, the global dental prosthetics market has been segmented into crown, denture, veneer, bridges, inlays, and abutment. Among these, the bridges are likely to gain prominence in the long run as they cost lesser compared to other dental implants, and are extensively used as an alternative to single tooth dental implants.
By mode of material, the global dental prosthetics market has been segmented into metal, porcelain-fused-to-metal (PFM), all ceramic, and others. Among these, the metal segment is likely to command a major share as they are cheaper compared to other materials. Meanwhile, the ceramic segment is also anticipated to gain prominence in the long run due to their unique characteristics such as high density, biocompatibility, and capability to withstand abuse.
By mode of end-users, the global dental prosthetics market has been segmented into dental research laboratories and dental hospitals & clinics market. Among these, the dental hospitals & clinics segment is estimated to occupy a larger share as surgeries are mainly performed in clinics.
Regional Insights
Geographically, the dental prosthetics market spread across regions namely, North America, Europe, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, the dental prosthetics market is dominated by the North American region. With well-established healthcare infrastructure and surging demand for dental implants, the market is likely to reach out to a wider spectrum of audiences.
The European region is considered to occupy the second spot in the global market. The growth can be attributed to the increased prevalence of dental issues and periodontal diseases in this region. The presence of a huge population pool affected with oral diseases is enhancing the market growth in this region. Also, the increased government expenditure on oral healthcare, and surging incidences of dental issues with the aging population are influencing the market to a large extent.
The Asia Pacific region is likely to expand at the fastest growth rate in the global dental prosthetics market. The growth is credited to the surging incidences of dental caries. Moreover, with the rising consumer awareness in some of the developing economies like China and India, the market is predicted to flourish. These economies are adopting the best treatment options and new technologies to improve the quality of life.
Industry Updates
March 08, 2019: An Austria-based oral implantologist, inventor, and researcher, Dr. Mario Kern has recently developed Extended Anatomic Platform which is a patented procedure to create metal 3D printed dental abutments. The integration of GE Additive’s Dental Hybrid Solution combining of milling and metal 3D printing, the dental abutment is all set to revolutionize dental implant prosthetics.
Competitive Dashboard
The prominent players operating in the global dental prosthetics market comprises Planmeca OY (Finland), 3M (US), Zimmer Biomet (US), Osstem Prosthetics (South Korea), Nobel Biocare (Part of Danaher Corporation) (US), Ivoclar Vivadent AG (Liechtenstein), CAMLOG Biotechnologies AG (Switzerland), Henry Schein Inc. (US), DENTSPLY Sirona (US), and Institut Straumann AG (Switzerland).
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