Global Dental Prosthetics Market projected to grow at a CAGR of 7.4% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Dental Prosthetics Market by Type {Fixed Dental Prosthetics (Bridges, Crowns, Inlays & Onlays and Composites), Removable Dental Prosthetics (Partial Dentures, Dental Implants, Dentures and Veneers)}, Material Type (Cements, Ceramics and Composites), End-Users, Region and Global Forecast 2020-2027.
The global dental prosthetics market is expected to grow from USD 4.76 billion in 2019 to USD 8.42 billion by 2027, at a CAGR of 7.4% during the forecast period 2020-2027. North America is the dominant region in terms of market share. The reason can be attributed to the growing patient population and technological advancements of the dental department. Apart from this, Asia-Pacific is expected to grow at an impressive rate. The rising dental tourism, which helps to attract the international patients is the primary factor for the market growth. Further, the increasing disposable income in countries like India and China is fueling the market demand.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the dental prosthetics market are Vivadent AG, VITA Zahnfabrik H. Rauter GmbH & Co. KG., Dental Manufacturing Spa, Thommen Medical AG, Yamahachi Dental Mfg. Co., Zimmer Biomet Holdings Inc., 3D Diagnostix, Amt Medical SRL, Merz Dental GmbH, Glidewell Dental Lab, Medical Precision Implants and others. Many major players are opting for strategic mergers and acquisitions, which will help to advance and diversify the product range and increase their business horizon.
The type segment includes fixed dental prosthetics and removable dental prosthetics. The fixed dental prosthetics further include bridges, crowns, inlays & onlays and composites. The removable dental prosthetics also includes partial dentures, dental implants, dentures and veneers. Out of the two, fixed dental prosthetics segment accounts for the majority of the market share. The fixed dental prosthetics involves one-time cost and provides a lifetime solution. However, removable dental prosthetics are expected to grow a higher market rate owing to the problem caused by the fixed dental prostheses. The material type segment includes cements, ceramics and composites. Composites further include noble metals and base metals. Composite materials holds majority of the market share. Composites have micromechanical retention capacity, which is much useful in filling up the small cavities. The end-users segment includes dental hospitals & clinics, dental research laboratories and others. Out of these, the dental hospital & clinics constitute major share. The dental hospitals & clinics have much more extensive application of dental prosthetics than the other segment. Further, the growing technological advancement has helped in fueling the market growth.
Dental prosthetics works independently. They deal in cosmetic and functional treatments. They are essential as they help in restoring the natural function of the teeth, gum and other parts of the mouth. Dental prosthesis is necessary for treating mastication and swelling of gums. The demand for dental prosthetics is rising owing to the growing dental issues which have increased the market growth. Further, the increasing awareness for oral hygiene care is the primary factor responsible for the market growth.
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About the report:
The global Dental prosthetics market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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