The Global Dental Prosthetics Market is led by some of the fervent key players including DENTSPLY Sirona (US), Henry Schein, Inc. (US), 3M (US), Zimmer Biomet (US), Institut Straumann AG (Switzerland),Nobel Biocare (US), Osstem Prosthetics (South Korea), Ivoclar Vivadent AG (Liechtenstein), Planmeca OY (Finland), and CAMLOG Biotechnologies AG (Switzerland). Profiling them in its analysis, MRFR finds out their strategies keeping them at the forefront of the competition.
Global Dental Prosthetics Market – Synopsis
Dental Prosthetics offers a solution for those who have lost their one or more teeth to periodontal diseases or injuries with various types of different kinds of removable or fixed dentures, and fillings made from gold or porcelain developed in a dental lab.With the extensive research in the field, dental Prosthetics have proven to be easiest and effective way to get back the appearance and functions of the missing teeth. Manufacturers of medical devices, strive to develop new and innovative products continually, which can provide advanced solutions to the dental professionals, easing the implant process further.
Bettered processes are increasingly encouraging people to opt for the Prosthetics, augmenting its demand. Resultantly, the Dental Prosthetics market is growing pervasively. Growing Cosmetic Dentistry Treatment market, furthering the market size escalates the market globally. Growing oral healthcare concerns worldwide, fuel the market growth predominantly. Increasing awareness among people about the oral health plays a major role in fostering the market growth.
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Considering the rapid expansions the market is perceiving currently and the potential this market holds to grow further, Market Research Future (MRFR) recently published a study report, giving out a complete market insight for the period 2016 – 2023. In its analysis, MRFR asserts that the global Dental Prosthetics market will reach up to USD 5659.4 Million by 2023 with ~ 5.5% CAGR during the review period (2016 – 2023).
Additionally, factors such as growing population, the geriatric populace, and urbanization, are fostering the market growth. Improving economic conditions across the globe enable access to the quality life, improving the healthcare, are providing impetus to the market growth. Seminal efforts &investments by the market players to develop innovative Prosthetics, drugs & treatments, are paying off well, driving the market growth.
Moreover, social and cultural factors such as the influence of media, fashion and film industry, peer pressure for appearance and beauty, changing dimensions of beauty, etc. are driving the market growth to an extent. In the US & UK, among some other developed countries, dental Prosthetics procedures are quite costly, which, in turn, fuels the market growth of medical tourism in the developing economies such as India and Malaysia & others.
Conversely, factors such as inadequate reimbursements for dental prosthetics are expected to inhibit the market growth of Dental Prosthetics, especially in the developed economies. However, recent technological progress took place in the field such as the proliferation of AI technology in the Dental Prosthetics along with the 3-D imaging, and mobile prosthetics are expected to influence the market growth.
Global Dental Prosthetics Market – Competitive Landscape
The global Dental Prosthetics market appears to be fiercely competitive and fragmented with many well-established players having the global presence. Brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players in the market.
Global Dental Prosthetics Market – Segmentations
For the convenience of the report and enhanced understanding; MRFR has segmented the Dental Prosthetics Market into 4 key dynamics
By Types: Including Crown, Denture, Bridges, Abutment, Veneer, and Inlays among other.
By Types of Material: PFM (Porcelain-fused-to-metal), All ceramic, and Metal, among others.
By End-Users: Dental Research Laboratories, Dental Hospitals & Clinics, among others.
By Regions: North America, Europe, APAC and Rest of the World.
Segment Dental Bridges accounts for the largest market share.
Global Dental Prosthetics Market – Geographical Analysis
Geographically, North America accounted for the leading market for Dental Prosthetics, capturing 38.4 % of market share in 2015, followed by the markets of Europe & Asia Pacific, respectively. The market is growing due to the significant contributions from the burgeoning market of the US backed by the high expenditure on healthcare. Moreover, increasing demand for the Dental Prosthetics provides impetus to the market growth. Continuing with the same trends, the North America market is expected to create a larger revenue pocket in the global market by 2023.
On the other hand, Europe, the world’s second-largest market for Dental Prosthetics is driven by the high per capita income and well-established healthcare penetration in the region. The strong market growth in the countries like Germany & France drives the regional market growth large scale. With the increasing investment in healthcare and rising number of patients with related diseases, the market is projected to register a phenomenal CAGR.
Asia Pacific market for the Dental Prosthetics is expected to perceive an exponential growth owing to the growing markets of India & China backed by the vast population and the burgeoning medical treatment market in the region. Vietnam, Thailand, and Malaysia among the other South East Asian countries are projected to contribute significantly to the regional market growth. With the growing Medical Tourism markets in India & Malaysia, the APAC region will register a CAGR of ~6.3% during the review period.
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