Press release
Dental Implants and Prosthetics Market Size to hit $12.74 billion by 2023, Top Prominent Players: 3M Company, Zimmer Biomet Holdings, Inc
Increased popularity of dental tourism, high prevalence of dental diseases, and rise in awareness regarding oral health are expected to boost growth of the global dental implants and prosthetics marketThe report offers an in-depth analysis of the dental implants and prosthetics industry by closely monitoring the market trends, key challenges & opportunities, top investment pockets, key growth strategies, and competitive landscape.
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The global dental implants and prosthetics market garnered $7.68 billion in 2017 and is expected to reach $12.74 billion by 2023, registering the CAGR of 8.8% from 2017 to 2023.
COVID-19 scenario-
1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
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Growth in dental tourism and increase in the prevalence of dental diseases drive the growth of the global dental implants and prosthetics market. In addition, rise in consumption of tobacco and alcohol and increased demand for cosmetic dentistry have supplemented the market growth. However, high cost of dental products, limited reimbursements, and dearth of skilled professionals hamper the market growth. On the contrary, rise in awareness regarding oral health and increase in disposable income in the developing countries are expected to offer lucrative opportunities for the market players in the near future.
Dental prosthetics segment to manifest fastest growth by 2023
The dental prosthetics segment is expected to portray the fastest growth in the market, registering a CAGR of 11.2% during the forecast period, owing to rise in demand for cosmetic dentistry including tooth replacement, restoration, and tooth whitening. However, the dental implants segment held the largest market share in 2017, contributing about two-thirds of the total market revenue, owing to high prevalence of tooth loss due to lack of oral hygiene and negligence.
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Metals segment holds the largest share in the market
Based on material, the report splits into metals, polymers, ceramics, and biomaterial, out of which the metal segment is expected to garner the maximum share of the market by 2023, contributing about 55% share of the market. However, the ceramics segment is estimated to manifest the fastest CAGR of 10.4% during the study period, owing to their unique characteristics including biocompatibility, high density, and capability to withstand abuse.
Asia-Pacific region governs the market
Asia-Pacific region is projected to witness the fastest CAGR of 13.6% during the forecast period, owing to the rise in incidence of dental caries and growth in consumer awareness in the developing countries such as India and China. However, Europe held the largest market share in 2017, contributing about 41% of the total market revenue, owing to high prevalence of dental issues including periodontal diseases in the region. The other regions studied in the report are North America and Latin America, Middle East and Africa.
To know more about the report, visit the website at @ https://www.alliedmarketresearch.com/dental-implants-and-prosthetics-market
The Major companies profiled Are:
• Institut Straumann AG
• Danaher Corporation
• Dentsply Sirona Inc.
• 3M Company
• Zimmer Biomet Holdings, Inc.
• Avinent Implant System, S.L.
• CAMLOG Biotechnologies AG
• BioHorizons IPH, Inc.
• Osstem Implant Co., Ltd.
• Bicon, LLC.
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