Press Release / Health and Fitness / Worldwide Dental Prosthetics Market 2018 Synopsis with Leading Players, Industry Growth Factor Foresight by 2023
Worldwide Dental Prosthetics Market 2018 Synopsis with Leading Players, Industry Growth Factor Foresight by 2023
By Bhagyashri Bhole on March 13 2019 | 462 Views
Market Research Future published a research report on Global Dental Prosthetics Market and predicts that Global Dental Prosthetics Market is expected to grow at a healthy CAGR of 5.5% during the forec
Dental prosthetics is a branch of dentistry that focuses on reconstruction and replacement of damaged teeth. Dental prosthetics, also known as Prosthodontics, is used to rehabilitate mastication, improve aesthetics and aid speech. Dental prosthetics is an increasingly popular trend in the dental world. The growing incidence of periodontal diseases across all age groups coupled with increasing awareness on oral health is the reason the market is experiencing an upturn. Dental implants are designed to look and feel like natural teeth, are long-lasting and reliable, improves facial and bone features and provides excellent long-term value. The dental prosthetics industry has vastly improved over the last few years and Market Research Future (MRFR), projects moderate growth for the global dental prosthetics industry with a CAGR of 5.5% during the forecast period 2016-2023. The global dental prosthetics market is set to catapult to USD 5659.4 Million by 2023.
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A number of factors are responsible for the growth of the market. The cosmetic dentistry industry, in particular, has grown significantly owing to rising aesthetic standard globally. Rise in the geriatric population, increasing oral care standards, advanced dental technology such as laser and 3D imaging techniques have spurred the growth of the market. Growing trend for dental tourism in emerging nations due to lower prices has also contributed to the market growth. Other factors include increased disposable income, the rapid growth of dental implants, growing healthcare expenditure and rising number of private clinics. Despite the positive market outlook, the growth may be hindered by lack of awareness, lack of proper reimbursement from insurance companies, stringent regulatory norms, the high cost of treatment, limited acceptance of dental prosthetics in emerging countries, and complications arising from dental implants.
Latest Industry News
Glidewell Dental has announced the opening of the Glidewell International Technology Center in Louisville Kentucky. The 8,500 sq ft center is aimed at teaching cutting-edge dental practices in an effort to keep fellow dentists abreast of new materials and techniques used in dental prosthetic procedures among others.
Prosthodontic clinic Dental Implants Miami Beach has installed a new dental microscope which is expected to improve the vision of the damaged tooth and allow the prosthodontist to treat the patient with lasting implants.
Key Players for Global Dental Prosthetics Market
Some of the eminent players of the industry include Henry Schein, Inc. (US), 3M (US), Zimmer Biomet (US), Ivoclar Vivadent AG (Liechtenstein), Planmeca OY (Finland), DENTSPLY Sirona (US), Institut Straumann AG (Switzerland), Nobel Biocare (Part of Danaher Corporation) (US), Osstem Prosthetics (South Korea), CAMLOG Biotechnologies AG (Switzerland). The market is highly competitive and fragmented, and players are entering into partnerships and collaborations, implementing various strategies such as mergers and product launches to consolidate their position in the market.
Segments for Global Dental Prosthetics Market
The global dental prosthetics market has been segmented based on type, type of material and end-user. By type, the market has been segmented into denture, crown, bridges, veneer, abutment, and inlays. By type of material, the market has been segmented into porcelain-fused-to-metal (PFM), metal, all ceramic and others. By end-user, the market has been segmented into dental hospitals & clinics market and dental research laboratories.
Regional Analysis for Global Dental Prosthetics Market
The four key markets of the global dental prosthetics market are North America, Europe, Asia-Pacific and Middle East & Africa. North America is dominating the market for dental prosthetics with around 38.4% share due to advanced healthcare facilities and rising expenditure on healthcare. Europe is the second largest market for dental prosthetics due to high growth of dental tourism in the region. The Asia-pacific market is projected to grow at the fastest rate during the forecast period and grow at a rate of 6.3%, while the Middle East and Africa market will exhibit steady but limited growth.
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