Dental Prosthetics Market Gains Momentum with a Striking CAGR of ~5.5% by 2023
The report titled “Dental Prosthetics Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Dental Prosthetics Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! The Global Dental Prosthetics Market is booming and expected to gain prominence over the forecast period growing rapidly. Globally the market for Dental Prosthetics is growing at a steady pace with a CAGR of ~ 5.5% from 2017 to 2023.
MarketResearchFuture.com adds “Dental Prosthetics Market -2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
Market Scenario of Global Dental Prosthetics Market:
The global dental prosthetics market is growing rapidly owing to the increasing number of dental care and per capita income leading to the growth of this market. Increase in population is major driver for the dental prosthetics market. Gum disease is not only common in children but also in adults. Gum diseases may lead to a number of health risks such as heart disease, atherosclerosis, diabetes and cancer. There are about 1.8 million dentists working around the world and over 93% of WHO member states report to have less than 1 dentist per 1000 population. Cavities and tooth decay are very common in children. 60%-90% of the children are facing some kind of dental problems and majority are from developed countries.
Growing influence of social media will help dentists to connect and consult with the patients which will provide convenience to both of them. To meet the increasing demand from the market, there is a need of continuous production and dental prosthetics. According to World Health Organization, about 30% of people aged 65–74 have no natural teeth. Rising population directly leads to top increase in dental procedures. New product development and innovation are bringing the dental prosthetics market at new level.
Global Dental Prosthetics Market - Regional Analysis:
North America holds the largest market share in global dental prosthetics market in 2016. Developed countries and some counties from APAC region like Japan, China, and South Korea are very quick in adopting the new technological changes and innovations while many countries from south Asia and Middle East and Africa are less likely to adopt new technology. It is mainly due to lack of required skills, lack of awareness, high cost of the products, availability of the product etc. There is strong growth for dental prosthetics market in emerging markets mostly from APAC region. Market share of APAC is expected to rise significantly to ~28% by 2023.
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Global Dental Prosthetics Market - Competitive Analysis:
The presence of well-established large and small players, the global dental prosthetics market appears to be highly competitive and fragmented. These players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.
Some of the prominent players at the forefront of competition in the Global Dental Prosthetics Market include DENTSPLY Sirona (US), Henry Schein, Inc. (US), 3M (US), Institut Straumann AG (Switzerland), Zimmer Biomet (US), Ivoclar Vivadent AG (Liechtenstein), Osstem Prosthetics (South Korea), Nobel Biocare (Part of Danaher corporation) (US), Planmeca OY (Finland), and CAMLOG Biotechnologies AG (Switzerland)
Global Dental Prosthetics Market - Industry Updates:
Feb, 2017 AMLOG Biotechnologies AG and BioHorizons, Inc., two leading providers of dental implants and products for restorative dentistry, today announced that CAMLOG Vertriebs GmbH will become the exclusive distributor of BioHorizons-branded products in Germany, effective April 2017.
Jan, 2017 Henry Schein completed the process of acquisition of a majority ownership interest in Dental Cremer S.A., which was a distributor of dental supplies and equipment in Brazil.
Jan, 2016 Henry Schein Inc. acquires 80.1% stakes in Vetstreet, Inc., leading provider of marketing and software services to veterinarians, and in an Italian distributor of dental equipment.
Feb, 2016 DENTSPLY International Inc. ("DENTSPLY") and Sirona Dental Systems, Inc. ("Sirona") completes merger which forms World’s one of the largest manufacturers of professional dental solutions.
July, 2016 Kitron signs supply agreement with Dentsply Sirona. This agreement will add Kitron as a new supplier for Dentsply Sirona
May, 2016 3M acquired Semfinder, a Switzerland-based medical coding technology company. Semfinder is a leading developer of precise semantic coding of medical services. This acquisition will provide 3M with new coding technology for accelerating its availability of its 360 Encompass system in countries adopting electronic medical record systems.
April, 2016 Straumann acquired 51% residual ownership of Neodent (Initially it had acquired 49% of the residual during June 2012) This deal augments Straumann's presence in the tooth replacement sector in the Latin American region and Brazil, which is the second largest market for implant dentistry.
Feb, 2016 Ivoclar Vivadent and Harvest Dental announced that they are forming a strategic partnership, which allows Ivoclar Vivadent to promote and distribute Harvest Dental laboratory products.
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Posted by
Vivian Dsena
on Wednesday January 17 2018, 2:00 PM EST.
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