Dental Implants and Prosthetics Market Worth $10,427.7 Million by 2020
DALLAS, June 23, 2015 /PRNewswire/ --
According to a new market research report "Dental Implants and Prosthetics Market by Material (Titanium, Zirconium, PFM, All Ceramics), by Stage (Two Stage, Single Stage), by Connectors (External hexagonal), by Product Type (Crowns, Bridges, Dentures, Abutments) - Global Forecast to 2020", published by MarketsandMarkets, the global Dental Implants & Prosthetics Market is expected to reach $10,427.7 Million in 2020 and is poised to grow at a CAGR of 7.2% during the forecast period of 2015 to 2020.
Browse 229 market Tables and 33 Figures spread through 250 Pages and an in-depth TOC on "Dental Implants and Prosthetics Market"
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The global Dental Implants & Prosthetics Market has witnessed major growth over the past few years. With the rising incidence of tooth caries and other periodontal conditions, there is an overall increase in edentulism globally. The baby booming population is also aging, which is further contributing to the rising incidences of tooth loss. This has resulted in the rise for the demand of tooth restorative techniques and products like dental implants and prosthetics. The increasing focus on quality dental care and rising dental awareness among patients are further expected to propel the growth of this market. However, limited dental insurance coverage and reimbursement could hinder the growth of this market to a certain extent.
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The global Dental Implants & Prosthetics Market is segmented by products, product material, and geography. This report also covers main market drivers, restraints, opportunities, and challenges for the Dental Implants & Prosthetics Market.
In 2014, the titanium implants segment accounted for the largest share of the dental implants market, by material. The extensive use of titanium is mainly attributed to its biocompatibility with the human body and its lower cost than zirconium. Dental bridges segment accounted for the largest share of the dental prosthetics market, by type, in 2014, mainly due to the technological developments in this field. Improvements in the materials used, such as high-performance ceramics and translucent resin nanoceramics, help to decrease the work time and provide higher standards of aesthetics and function. Moreover, the introduction of the CAD/CAM technology helps to increase the accuracy and saves designing and manufacturing times.
Europe was the largest market for the global Dental Implants & Prosthetics Market in 2014, with a share of 39.8%. It was followed by North America, Asia-Pacific (APAC), and the Rest of the World (RoW). APAC and Latin America are expected to show the strongest growth rate during the forecast period. This is mainly attributed to the rising dental tourism due to the low prices of dental implants there. The increase in the number of trained dentists and better medical infrastructure will also drive the growth of this market.
The global Dental Implants & Prosthetics Market is a consolidated market. Some prominent players in this market include STRAUMANN (Switzerland), DENTSPLY International (U.S.), Zimmer Holdings (U.S.), Biomet 3i (U.S.), 3M ESPE (U.S.), Danaher Corporation (U.S.), Avinent Implant System (Spain), and OSSTEM IMPLANT Co. Ltd. (South Korea).
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