Increasing Geriatric Population to Stimulate the Global Dental Prosthetics Market during the Forecast Period (2020-2027)
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 Scenario
The global dental prosthetics market is presumed to expand at 5.5 % CAGR during the assessment period (2016-2023) owing to the growing geriatric population, asserts Market Research Future (MRFR). Also known as Prosthodontics, dental prosthetics are generally used to improve deficient or damaged teeth and also improves function and appearance of the teeth. Dental prosthetics deal with temporary or permanent replacement of missing teeth. Screws or dental adhesives are used in fixing dental prosthesis to teeth.
Drivers and Constraints Impacting the Market
The global dental prosthetics market is expanding moderately owing to several factors such as growing awareness of oral health and rising geriatric population. Improved processes due to extensive research in the field are highly encouraging people to adopt dental prosthetics, thereby fostering the market growth. Also, escalating market for cosmetic dentistry treatment supports dental prosthetics market to augment worldwide. Moreover, social and cultural factors like influence of the film and media industry coupled with the peer pressure for beauty and appearance are considered to fuel the market growth during the review period.
On the flip side, inadequate reimbursements for dental prosthetics is likely to retard the market growth globally in the coming years. Moreover, entry of new market players is creating high level of disparity in the cost of dental prosthetics, as local vendors offer such products at much lower prices. This is likely to impede the market growth during the assessment period.
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Global Dental Prosthetics Market: Segmental Analysis
The global dental prosthetics market has been segmented on the basis of type, material, end-users, and region.
By mode of type, the global dental prosthetics market has been segmented into inlays, crown, veneer, abutment, bridges, and denture. Among these, the demand for bridges and crowns are likely to remain high during the review period. They are most commonly used as they are easy to use and offer high degree of aesthetics.
By mode of material, the global dental prosthetics market has been segmented into metal, all ceramic, porcelain-fused-to-metal, and others.
By mode of end-users, the global dental prosthetics market has been segmented into dental research laboratories, dental hospitals & clinics market, and others.
Regional Insights
Geographically, the global dental prosthetics market span across North America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, the North American region is presumed to hold the largest market share with 38.4 % in 2014. The growth in this region is attributed to growing market in the U.S. which is heading with high expenditure on healthcare. Also, the high demand for dental prosthetics stimulates the market growth in this region.
Europe is estimated to account for the second largest market during the review period owing to the rising per capita healthcare expenditure backed by resurging economy coupled with proliferation of healthcare penetration in this region. Countries like Germany, U.K., and Italy support the market growth to a large extent.
The Asia Pacific region proliferating rapidly and is likely to emerge as one of the profitable markets globally. Growing markets in China and India backed by burgeoning medical treatment market, and vast population in the region stimulates the market growth. Countries such as Vietnam, Thailand, and Malaysia are presumed to contribute to the growth of the market.
Industry News
October 04, 2018: GDC Holdings, Inc., which owns National Dentex Labs has announced that it has acquired Trident Dental Laboratories which is headquartered in Hawthorne. While NDX and Trident will continue to operate independently, their combined offerings will offer superior restorative dentistry options in the dental lab industry.
Competitive Dashboard
The major players operating the global market are Institut Straumann AG (Switzerland), Henry Schein Inc. (US), Osstem Prosthetics (South Korea), Ivoclar Vivadent AG (Liechtenstein), DENTSPLY Sirona (US), Nobel Biocare (US), 3M (US), CAMLOG Biotechnologies AG (Switzerland), Zimmer Biomet (US), and Planmeca OY (Finland).
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