Albany – NY, Oct. 21, 2015 (GLOBE NEWSWIRE) — According to a new market report published by Transparency Market Research “Dental Prosthetics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” the global dental prosthetics market was valued at US$3.0 bn in 2014 and is expected to grow at a CAGR of 7.6 % from 2015 to 2023, to reach an estimated value of US$5.8 bn by 2023.
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Dental prosthetics focuses on restoration of intraoral defects such as missing teeth, soft tissue, missing parts of the teeth through a variety of artificial methods. Continuous increase in incidence of dental caries and periodontal conditions, growing demand for cost effective and efficient dental prosthetic solutions, rapidly increasing elderly population and technical advances leading to advent of innovative products with improved outcomes are some of the major factors expected to drive the market growth during the forecast period. Increasing lifestyle disorders such as diabetes and growing disposable income are other reasons which will lead to increase in the number of dental procedures. However, high cost of dental procedures is expected to hamper the growth of dental prosthetics market.
The market for dental prosthetics is segmented as bridges, crowns, veneers, dentures, and others that includes inlays, onlays, etc. Among these, crowns segment accounted for the largest market share in 2014 in terms of revenue and continues to dominate the market during the forecast period. Crowns are mainly used to cover a single tooth and are intended to protect the tooth and make a potentially damaged tooth look more aesthetic. According to the American Academy of Implant Dentistry, around 15 million people in the U.S. undergo crowns and bridge replacements for missing teeth every year. Thus, increasing number of people opting for crowns and bridges would fuel the market of dental prosthetics during the forecast period. The leadership of crown segment was primarily observed due to high aesthetic appeal, high durability and reasonable price.
The denture segment of dental prosthetic market accounts to second highest share in terms of revenue. The high share for dentures in terms of revenue is attributed to the rising geriatric population and rising incidence of oral cancer. According to the World Health Organization, the global geriatric population was around 524 million in 2010 and is anticipated to reach 1.5 billion by 2050. Moreover, the world is aging at a rapid pace, especially the developed nations such as the U.S., Germany, and Japan. For instance, the U.S. Census Bureau stated in 2010 that people older than 65 years represented around 12.4% of the total population in 2000 and the percentage is expected to reach 19% by 2030 in the U.S. Furthermore, the United Nations Population Division published in 2013 that the global geriatric population is expected to be more than double, from 841 million in 2013 to 2 billion by 2050. It also revealed that people aged 80 years and above accounted for 14% of the global geriatric population in 2013 and the percentage is projected to reach 19% by 2050. Therefore, consistent increase in the geriatric population across the globe has been identified as one of the major factors fueling the growth of the dental prosthetics market. Additionally, according to the Cancer Research U.K., around 6,800 people were diagnosed with oral cancer in 2011. Thus, rising number of oral cancer cases would subsequently lead to greater demand of dental prosthetics products.
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Institut Straumann AG, Dentsply International, Inc., Nobel Biocare Holdings AG, Zimmer Biomet Holdings, Inc., Avinent Implant Systems, Ivoclar Vivadent Inc.and Biohorizons, Inc. are some of the major players operating in the global dental prosthetics market.
The global dental prosthetics market is segmented as follows:
The global dental prosthetics market is segmented as follows:
Global Dental Prosthetics Market, by Type
- Bridges
- Crowns
- Veneers
- Dentures
- Others (Inlays, Onlays, etc.)
Global Dental Prosthetics Market, by Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Rest of Europe
- Asia Pacific
- China
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Rest of LATAM
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- Rest of the World (RoW)
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