The Dental Prosthetics global market is expected to reach $ 5659.4 million by 2023. Dental bridges segment holds the largest share of the market. North America holds the largest market share of around 38.4% of Global Dental Prosthetics Market. Globally, Asia-Pacific are expected to be fastest growing region and are anticipated to grow at the rate of ~6.3% during the forecast period.
The global market for Dental Prosthetics is growing moderately due to various factors like, increasing aging population and increasing awareness about oral health which are driving the growth for dental prosthetics market. Dental prosthetics manufacturers are developing new and innovative products to provide more advance solutions to the dental professionals. People are getting more conscious about the appearance of their teeth which is leading to the growth of Cosmetic dentistry.
Globally the market for Dental Prosthetics is growing moderately and has a bright future. The market for Dental Prosthetics is expected to grow at the CAGR of ~ 5.5% from 2016 to 2023.
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The worldwide dental prosthetics has seen a lot of innovations in recent times. One of the most notable ones has been cosmetic dentistry. It comprises of everything from replacing damaged or missing tooth to reshaping, cleaning & rearranging of teeth.
Even other technologies have hit the market. Lasers, intraoral cameras, tomography X-rays & CAD/CAM are some of them.
Key Players & Strategies
Some of the most noteworthy names of this industry include, Henry Schein, Inc., DENTSPLY Sirona, 3M and Zimmer Biomet. To increase their revenue, these brands form partnerships & acquisitions. Through these, they have been successful in increasing their sales & expand their business on the global map.
The global dental prosthetics market is poised to have a steady growth in upcoming years. CAGR wise, the market is expected to develop at the rate of above 5.3% from 2018 to 2022. It is estimated to earn more than USD 5657.2 million by 2022.
There are many drivers that are responsible for the success of this market. Some of them include, rising geriatric population, oral health awareness amongst individuals. The efforts by the manufacturers make for an essential growth driver. They are constantly coming up with new and innovative dental products. Through this, they want to offer advanced solutions. Lastly, in present times people think a lot about their external appearance. Teeth are an important part of your body & many people are realizing it. They want their smiles to be completely flawless.
Technological reforms & discoveries and the demand for quality dental care can be termed as secondary market propellers. Although, the market may face certain hindrances like costly dental implants & limited coverage for dental products.
The global dental prosthetics market has been divided on the basis of types, types of materials, end users & regions.
Denture, crown, bridges, veneer, abutment & inlays form the types segment. Crowns & bridges hold the largest market segment. They are expected to earn above USD 3.8 billion by 2022. The growth of this section is driven by latest CAD/CAM discoveries.
On account of types of materials, the market is divided into Porcelain-fused-to-metal (PFM), metal, all ceramic. And lastly the end users segment comprises of dental hospitals & clinics market, dental research laboratories.
Geographically, the market is divided into North America, Europe, Asia Pacific, South America & Rest of the World. Amongst these, Europe holds the biggest share of the market. It can be attributed to the rising geriatric population & governmental expenditure in that region. During the forecast period (2018-2022), Asia-Pacific is expected to gain considerable growth.
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Major TOC for Dental Prosthetics Market:
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.2 Growth Drivers
3.2.1 Increasing Number of Dental care
3.2.2 Increasing Per Capita Income in Emerging Markets
3.2.3 Rising Dental Tourism
3.2.4 Increasing Cosmetic dentistry treatments
3.3.1 Cost of Dental Procedures
3.3.2 Grey Market of Dental Prosthetics
3.3.3 Slow Adoption of New Technology
3.5 Macroeconomic Indicators
LIST OF TABLES:
TABLE 1 GLOBAL DENTAL PROSTHETICS MARKET, BY TYPE, 2014-2023 (US$ MILLION)
TABLE 2 GLOBAL DENTURE MARKET, BY REGION, 2014-2023 (US$ MILLION)
TABLE 3 GLOBAL DENTAL CROWN MARKET, BY REGION, 2014-2023 (US$ MILLION)
TABLE 4 GLOBAL DENTAL BRIDGES MARKET, BY REGION, 2014-2023 (US$ MILLION)
TABLE 5 GLOBAL DENTAL VENEER MARKET, BY REGION, 2014-2023 (US$ MILLION)
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS
FIGURE 2 MARKET DYNAMICS
FIGURE 3 GLOBAL DENTAL PROSTHETICS MARKET, BY TYPE, 2016 & 2023 (US$ MILLION)
FIGURE 4 GLOBAL DENTURE MARKET, BY REGION, 2016 & 2023 (US$ MILLION)
FIGURE 5 GLOBAL DENTAL CROWN MARKET, BY REGION, 2016 & 2023 (US$ MILLION)
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