Dental prosthetics: Key market research findings
- Increased adoption of CAD/CAM technology
- Technological advances in prosthetics
- Key market vendors are DENTSPLY, Ivoclar Vivadent, Nobel Biocare, Straumann, and Zimmer-Biomet
Technavio has released a new report on the global dental prosthetics market, which is anticipated to grow at a CAGR of more than 6% between 2016 and 2020. The advances in computer-aided design CAD and computer-aided manufacturing (CAM) technology have enabled vendors to produce advanced dental prosthetics in terms of designs based of the type of material, size, and color. The main advantage of CAD/CAM technology is that it allows customization of dental prosthetics as per the patient’s oral anatomy and supports the correct placement of implants. The procedure is less invasive and uses 3D imaging to analyse and evaluate the jaw and bone anatomy of patients. Several benefits of CAD/CAM technology such as pain-free virtual evaluation of dental implants have increased its adoption and are driving the global dental prosthetics market. EMEA accounted for around 45% of the overall market share in 2015. The use of dental prosthetics has increased in several European countries owing to the increase awareness about oral health.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is going through several technological changes in the dental prosthetic technology. Some of the latest technological advances include electron microscopy, 3D imaging, and virtual reality training in labs. The use of implant-supported fixed hybrid prosthesis is another significant development that is likely to gain popularity in many European countries during the forecast period. The use of hybrid materials such as zirconium heads and titanium implants improve the aesthetic appearance, strength, and functionality of dental prosthetics,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research
The dental crowns and bridges segment is the largest segment of this market and is expected to occupy more than 65% of the total market share by 2020. The market is witnessing rapid recovery because of an increase in revenue, which is driven by the older adult population and a rise in the number of patients requesting dental restoration for aesthetic reasons. Moreover, the market expansion is also driven by the introduction of advanced technologies such as CAD/CAM to produce dental crowns and bridges.
Due to the presence of several global and regional vendors, the dental prosthetics market is highly competitive. Although the key vendors hold dominant positions, other factors such as innovation, design, and development of advanced products will change the competitive dynamics in the market. The competition among the vendors is expected to increase as they enter into partnerships or acquire distributors to increase their sales and expand their businesses worldwide.
A more detailed analysis is available in the Technavio report, Global Dental Prosthetics Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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