The global market for dental membrane and bone graft substitutes features a relatively fragmented vendor landscape, with the leading four companies collectively accounting for a mere 30% of the overall market in 2015, notes Transparency Market Research in a recent report. Growth strategies are chiefly focused on the development of digital solutions such as CADCAM-based dental scanning and restoration software. Expansion across emerging economies with thriving medical tourism industries is also a key growth strategy; Switzerland-based Geistlich Pharma AG’s move to establish operations in Delhi, India, is an instance.
Owing to the small number of tissue providers and bone graft manufacturers, the bargaining power of suppliers is high in the market. To work around the situation, leading international companies are resorting to collaborations, acquisitions, and mergers with niche suppliers in key regional markets. Moreover, the high cost of developing technologically advanced products such as dental restoration software, intra-oral scanning solutions, and guided surgery products, the threat of new entrants is low. Transparency Market Research states that the global dental membrane and bone graft substitutes market will exhibit a promising 9.3% CAGR over the period between 2016 and 2024, rising to a valuation of US$922.6 mn by 2024 from US$419 mn in 2015.
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Medical Tourism in Asia Pacific to Help Market Grow at Promising Pace
In terms of products, the market has been examined for two key varieties of dental consumables – bone graft substitute and dental membrane. Of these, the segment of bone graft substitutes emerged as the clear leader, accounting for a massive 94.8% of the overall market in 2015. The high costs of bone graft substitutes are chiefly attributed to the segment’s leading contribution to the revenue of the global market. Despite witnessing growth at a rate lower than that of the segment of dental membranes over the report’s forecast period, the bone graft substitute segment will continue to account for a dominant share in the global market throughout the forecast period.
From a geographical viewpoint, the Europe market for dental membrane and bone graft substitutes presently leads and is expected to lead in terms of share in the global market’s valuation throughout the forecast period, chiefly owing to technologically advanced dental care infrastructures and high costs of services. Asia Pacific, on the other hand, will be the market with the most promising growth rate – 11.0% in the global market over the period between 2016 and 2024, mainly owing to the thriving medical tourism industry.
Rising Prevalence of Periodontal Diseases Driving Market Growth
The rising incidence rate of a variety of periodontal diseases and the resultant rise in the demand for dental surgeries are key to the increased global demand for dental consumables such as dental membrane and bone graft substitutes. According to the American Academy of Periodontology, nearly 50% of the U.S. population aged 30 years and above suffered from periodontitis in 2015. Rate of incidence of several other dental issues also rises with the increased population of aged people, a demographic which is largely becoming a larger part of the global population.
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The market is also benefitted from technological advances making most dental surgeries minimally invasive. However, challenges such as lengthy clinical trials, non-uniform pricing across key regional markets, and regulations requiring companies to sell products to government bodies at lower rates are expected to hinder the overall growth prospects of the market to a certain extent.
This review of the market is based on a recent market research report published by Transparency Market Research, titled “Dental Membrane and Bone Graft Substitutes Market (Product – Dental Membrane (Resorbable and Non-resorbable Membranes) and Bone Graft Substitutes (Demineralized Bone Matrix (DBM), Autograft, Allograft, Xenograft, and Synthetic Bone Graft Substitute); Material – Hydrogel, Collagen, Polytetrafluoroethylene (PTFE), Human Cells Source, Hydroxyapatite (HA), and Tricalcium Phosphate (TCP); End User – Hospitals, Ambulatory Surgical Centers, and Dental Clinics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
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