The Global Dental Prosthetics Market has been evaluated as moderately growing market and it is expected that the market will continue to grow similarly in the near future. Dentistry is one of the oldest medical professions and it became more defined and professional after 1700s. Dental prosthetics is also known as prosthodontics. Dental prosthetics are used for replacement of missing or damaged teeth. Growing overall population and increasing demand for dental care treatments are leading the growth for the dental prosthetics market. Rapidly increasing aging population is another important driver for the dental prosthetics market, because after certain age, elderly people may face some dental problems and it is necessary to take some dental treatments. Increasing consumer awareness is major driver for the growth of the market. Cosmetic dentistry is one of the niche sub segment of dentistry and is growing rapidly. Consumers are becoming more conscious about oral health and appearance for which they are opting for cosmetic dentistry. Dental prosthetics manufacturers are spending huge money on R&D to develop new and innovative product for the market which is causing competition among the companies. Growing dental tourism is a key factor for the growth of the market.
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Increasing per capita income, increasing expenditure, and growing middle class population are driving the growth for the dental prosthetics market. Hospitals are also providing advance facilities to the patients which are helping them to attract more number of patients. Dental Prosthetics Market was around US$ 3882.4 million in 2016 and it is expected to reach US$ 5659.4 million by 2023 at a CAGR of 5.5% during the forecast period.
Global Dental Prosthetics Market Players:
There are plenty of large and small market players which operate in this market all over the globe. Henry Schein, Inc. (US), DENTSPLY Sirona (US), 3M (US), Institut Straumann AG (Switzerland), Zimmer Biomet (US), Nobel Biocare (Part of Danaher corporation) (US), Ivoclar Vivadent AG (Liechtenstein), Osstem Prosthetics (South Korea), Planmeca OY (Finland), CAMLOG Biotechnologies AG (Switzerland)
Dental Prosthetics Market Scenario
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.
Dental Prosthetics Market Regional Analysis:
Considering the global scenario of the market, North America region is believed to be the largest market for Dental Prosthetics. Moreover the European market is also growing and second largest market for Dental Prosthetics. On the other hand, Asia-Pacific market is expected to grow at fast rate in the market of Dental Prosthetics during the forecasted period. Middle East and Africa is likely to have a limited but steady growth in the market.
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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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