Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Dental Prosthetics Market Insights
Usage of dental prosthetics in dental implantation contributes in restoration of the edentulous area of a missing tooth and treatment of the ridge defects. Dental prosthetics such as dental implants and dental bone graft are capable of restoring functionality without intervening with the aesthetic appearance. Moreover, dental prosthetics can be placed at different locations in the buccal cavity for several indications such as alveolar sockets post extraction, to refill a local bony effect caused as a result of infection or trauma, to refill a peri-implant defect caused due to peri-implantitis, for horizontal augmentation of the mandible and maxilla, and for vertical augmentation of the mandible and maxilla.
The global dental prosthetics market is estimated to be valued at US$ 4,710.5 million in 2019, and is expected to exhibit a CAGR of 7.8% during the forecast period (2020–2027).
Figure 1. Global Dental Prosthetics Market Value & Y-o-Y Growth Analysis, (2016 & 2027)
Source: Coherent Market Insights Analysis (2019)
Adoption of inorganic growth strategies by key players is expected to drive global dental prosthetics market growth
Manufacturers operating in the dental prosthetics market are engaged in the adoption of inorganic growth strategies such as acquisitions and collaborations, in order to enhance their dental care product portfolio. For instance, in June 2016, Dentsply Sirona Inc. acquired MIS Implants Technologies Ltd. ("MIS"), a manufacturer of dental implant systems, based in northern Israel. Under this acquisition, the broad portfolio of MIS’s dental implant has complemented the existing dental implant portfolio of Dentsply Sirona Inc.
Increasing product launches by key players for dental prosthetics are expected to drive the dental prosthetics market growth. For instance, in October 2015, Sterngold Dental launched Sterngold Implant System at the American Academy of Implant Dentistry (AAID) in Las Vegas, U.S. The Sterngold Implant System includes one surgical system with multiple restorative platforms such as TRU Implant (conical connection) and PUR Implant (tapered internal hex).
Increasing incidences of oral health diseases such as cavities and gum disease is a major factor that is expected to drive growth of the dental prosthetics market across the globe.
The factors leading to oral health issues include unhealthy diet, tobacco use, excess alcohol consumption, and poor oral hygiene. For instance, according to the Global Burden of Disease Study, in 2016, around 3.58 billion people, globally, have been affected with dental caries (tooth decay) in permanent teeth. Moreover, according to WHO, in 2012, around 60-90% of children had dental cavities and around 15-20% of population in the age group of 35-44 year suffered from severe periodontal disease globally.
Global Dental Prosthetics Market- Restraints
Growth of the global dental prosthetics market is expected to be hampered over the forecast period, owing to increasing product recalls for dental prosthetics. For instance, in November 2017, the U.S. Food and Drug Administration issued the product recall notice to recall Tapered Screw-Vent MTX Model TSVTB11, developed by Zimmer Dental Inc, due to inadvertently crack on implant vial caps in the recalled implant lot.
Global Dental Prosthetics Market- Regional Analysis
Regional segmentation of the global dental prosthetics market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to hold a dominant position in the global dental prosthetics market, owing to presence of major players such as Neodent Dental Hub, operating in dental prosthetics market in the region. For instance, in March 2014, Neodent Dental Hub, dental implant company, received the U.S. FDA approval to launch its dental implant system in the U.S. market. Moreover, in May 2018, Straumann Group signed an agreement with Zirkonzahn USA Inc., for co-development and co-marketing activities for dental clinics and technicians in the U.S. and Canada.
Moreover, Europe is expected to witness significant growth in the global dental prosthetics market over the forecast period, owing to rising product launches in the region, which is expected to drive the dental prosthetics market in Europe. For instance, in November 2018, Institut Straumann AG launched new dental products, including a new two-piece ceramic implant (PURE ceramic implant) and a mini-implant system at 27th Annual Scientific Meeting of the European Association for Osseointegration in Vienna, Austria.
Figure 2: Global Dental Prosthetics Market Share (%), By Region, (2018 & 2026)
Source: Coherent Market Insights Analysis (2019)
Global Dental Prosthetics market- Competitive Landscape
Key players operating in the global dental prosthetics market include Polident D.O.O., Amt Medical SRL, Ivoclar Vivadent AG, VITA Zahnfabrik H. Rauter GmbH & Co. KG., Dental Manufacturing Spa., Merz Dental GmbH, 3D Diagnostix Inc., gebdi DENTAL-PRODUCTS GmbH, Medical Precision Implants, FSM Dental Medikal Mak. San. Tic. Ltd. Sti., Candulor AG, Yamahachi Dental Mfg., Co., Glidewell Dental Lab, Zimmer Biomet Holdings, Inc., Thommen Medical AG, Institut Straumann AG, and Henry Schein, Inc.