The Global Dental Prosthetics Market is poised to have a steady growth in upcoming years. CAGR wise, the market is expected to develop at the rate of above 5.3% from 2018 to 2022. It is estimated to earn more than USD 5657.2 million by 2022. The Global Dental Prosthetics Market has been evaluated as moderately growing market and it is expected that the market will continue to grow similarly in the near future. Dentistry is one of the oldest medical professions and it became more defined and professional after 1700s. Dental prosthetics is also known as prosthodontics.
The International Dental Prosthetics Market report has been segmented on the basis of type which comprises of denture, crown, bridges, veneer, abutment, inlays. On the basis of type of material it is segmented into Porcelain-fused-to-metal (PFM), Metal, All ceramic, and others. On the basis of End User it is segmented into Dental Hospitals & Clinics Market, Dental Research Laboratories.
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Global Dental Prosthetics Market Players:
There are plenty of large and small market players which operate in this market all over the globe. Henry Schein, Inc. (US), DENTSPLY Sirona (US), 3M (US), Institut Straumann AG (Switzerland), Zimmer Biomet (US), Nobel Biocare (Part of Danaher corporation) (US), Ivoclar Vivadent AG (Liechtenstein), Osstem Prosthetics (South Korea), Planmeca OY (Finland), CAMLOG Biotechnologies AG (Switzerland)
Dental prosthetics are used for replacement of missing or damaged teeth. Growing overall population and increasing demand for dental care treatments are leading the growth for the dental prosthetics market. Rapidly increasing aging population is another important driver for the dental prosthetics market, because after certain age, elderly people may face some dental problems and it is necessary to take some dental treatments. Increasing consumer awareness is major driver for the growth of the market. Cosmetic dentistry is one of the niche sub segment of dentistry and is growing rapidly. Consumers are becoming more conscious about oral health and appearance for which they are opting for cosmetic dentistry. Dental prosthetics manufacturers are spending huge money on R&D to develop new and innovative product for the market which is causing competition among the companies. Growing dental tourism is a key factor for the growth of the market.
Increasing per capita income, increasing expenditure, and growing middle class population are driving the growth for the dental prosthetics market. Hospitals are also providing advance facilities to the patients which are helping them to attract more number of patients. Dental Prosthetics Market was around US$ 3882.4 million in 2016 and it is expected to reach US$ 5659.4 million by 2023 at a CAGR of 5.5% during the forecast period.
Dental Prosthetics Market Regional Analysis:
Considering the global scenario of the market, North America region is believed to be the largest market for Dental Prosthetics. Moreover the European market is also growing and second largest market for Dental Prosthetics. On the other hand, Asia-Pacific market is expected to grow at fast rate in the market of Dental Prosthetics during the forecasted period. Middle East and Africa is likely to have a limited but steady growth in the market.
Dental Prosthetics Market Key Findings:
The Dental Prosthetics global market is expected to reach $ 5659.4 million by 2023.
Dental bridges segment holds the largest share of the market.
North America holds the largest market share of around 38.4% of global dental prosthetics market.
Globally, Asia-Pacific are expected to be fastest growing region and are anticipated to grow at the rate of ~6.3% during the forecast period.
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