The global dental fittings market is expected to grow at a CAGR of above 5% during the forecast period, 2017-2021.
Technavio has announced its latest market research report on the global dental fittings market, under its orthopedics and medical devices portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Danaher, Dentsply Sirona, and Institut Straumann.
According to Barath Palada, a lead analyst for orthopedics and medical devices research at Technavio, “Advances in CAD/CAM technology have enabled vendors to produce dental implants that are superior compared with conventional dental implants. Advantages of CAD/CAM technology such as pain-free virtual evaluation of the suitability of dental implants is spurring an increase in its adoption, thereby driving the global dental fittings market.”
The main advantage of CAD/CAM technology is that it allows customization of implants based on the individual’s oral anatomy and supports the correct placement of implants. This, in turn, results in shortening of the recovery period and makes the procedure less invasive.
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Increase in M&A
Vendors in the market are increasingly adopting strategies such as the acquisition and merging with small or medium-sized companies, to strengthen their product portfolios and productivity. Such alliances also result in the integration of R&D facilities for the improvement of dental implants and introduction of products in the untapped markets such as Africa, Middle East, and some Asian countries, thereby increasing availability and penetration of the dental fittings. For instance, during 2016, Zimmer Holdings acquired Biomet and changed its name to Zimmer Biomet. This acquisition doubled the size of Zimmer’s dental implants business.
Growth of medical tourism
Medical tourism, including subsets like dental tourism, has become lucrative in few developing countries of Europe due to the low-end cost of dental procedures in these countries. This is expected to have a strong impact on the dental implants market in developed and developing countries. The rise in the quality of dental services and infrastructure in developing countries is also a contributor to the growth of dental tourism. Currently, dental tourism is on the rise in developed countries such as the UK, which accounts for the largest number of dental tourists in Europe, as individuals from developing countries come to prestigious hospitals in the UK for dental restoration procedures.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Dental Fittings Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Orthodontic Services Market 2017-2021
- Global Dental Adhesives Market 2017-2021
- Global Dental Lasers Market 2017-2021
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