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Dental Prosthetics Market Rapid Growth By Top Key Players Danaher Corporation, DENTSPLY Sirona, Zimmer Biomet Hol, Institut Straumann AG, BioHorizons IPH, Inc

05-08-2019 02:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Dental Prosthetics

Dental Prosthetics

In November 2017, Syrma Technology - an OEM, engaged in manufacturing and distribution of services in engineering expertise — introduced RFID-based solutions for identification and tracking of dentures co-developed with Nobilium — a manufacturer of dental prosthetic materials and equipment. The innovative RFID tag technology enables dental labs, dentists, and denturists to assign denture to its user via digital certificate, eliminating the need for labor intensive patient denture identification process. In addition, Syrma’s USB RFID scanner provides new solutions to personnel at nursing homes and dental care facilities to easily match denture with individual users.

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In November 2017, Norgine Ventures offered financial support of US$ 2.3 million to pritidenta GmbH — a company engaged in development, manufacturing, and commercialization of innovative materials in prosthetic dental products. The investment is expected to aid in expansion of the product portfolio of aesthetic zirconia blank disc, which are used on crowns, bridges, contour restorations, veneers, inlays, and onlays.

Continuous launch of new and advanced dentistry devices is expected to drive growth of the dental prosthetics market. For instance, in September 2017, SpineGuard — a company engaged in developing and marketing of disposable medical devices — entered into agreement with Adin Dental Implant Systems to use SpineGuard’s Dynamic Surgical Guidance (DSG) technology in dental implantology. Adin Dental Implant develops, manufactures, and markets products and services in the dental field. The licensing agreement supports product development support, technology transfer, and milestone and royalty payments between the SpineGuard and Adin Dental Implants.

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Institut Straumann AG entered into partnership with Maxon Dental GmbH to develop components for dental implant systems, which is manufactured with Ceramic Injection Moulding (CIM) instead of conventional cutting techniques. Under this partnership, Maxon Dental GmbH is expected to develop CIM components for Straumann. In addition to this, the agreement enables Straumann to obtain 49% stake in Maxon Dental GmbH, after receiving approval from German Federal Cartel Office. Therefore, strategic partnerships among key players is further expected to aid in growth of dental prosthetics market in the near future.

In addition, rising number of dental procedures has contributed to growth in the dental prosthetics market. For instance, according to the National Health Service (NHS) - Dental Statistics for England, around 39.7 million dental procedures were performed in 2015–2016. Furthermore, geriatric population with dental conditions associated with aging such as root and coronal carries, and periodontitis, is increasing significantly. This creates highly conducive environment for growth of the market. According to the 2015 Japan census report, the number of geriatric people aged 65 or above accounts for 26.7% of Japan’s population (127.11 million), which is up by 3.7% from the last five years.

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Some of the key players in the dental prosthetics market are Danaher Corporation, DENTSPLY Sirona, Zimmer Biomet Hol, Institut Straumann AG, BioHorizons IPH, Inc., Zimmer Biomet Holdings, Inc., and AVINENT Implant System.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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