NEW YORK, May 29, 2018 (GLOBE NEWSWIRE) -- Global dental implants and prostheses market is projected to attain a size of $10.7 billion by 2023, the market is mainly driven by the increasing prevalence of dental problems, increasing popularity of cosmetic dentistry procedures, rising dental implant surgeries, increasing awareness and concern about oral hygiene, rising geriatric population and increasing healthcare expenditure.
Based on type, the dental implants and prostheses market has been categorized into implants and prostheses. The market for dental implants is expected to register a CAGR of 6.5% during the forecast period. This is attributed to increasing research on mini dental implants and the cost effectiveness of these products as compared to dental prostheses.
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The dental implants market has been further categorized into root form and plate form, on the basis of procedure. The root form procedure dominated this market during the historical period, with 94.6% contribution in 2017. Root form provides initial retention strength while performing dental implants, and since it resembles the tooth root it provides stability to maintain the jawbone.
During the forecast period, the dental implants and prostheses market is forecasted to witness the fastest growth in Asia-Pacific (APAC), at a CAGR of 7.0%. This growth is attributed to the increasing incidence of dental problems, rising awareness on dental care, and growing dental tourism. With age-related dental problems, the large base of geriatric population in India and China is driving the regional growth. According to the UN publication World Population Ageing 2017, the number of people aged 60 years and above was approximately 549.2 million in 2017, which is expected to reach to 1,273.2 million by 2050.
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The companies operating in dental implants and prostheses industry are acquiring related strategic business unit of the other companies for market expansion. For instance, in March 2018, Dentsply Sirona Inc. acquired OraMetrix, a provider of 3-D technology solutions and CAD platform for dental professionals to deliver better orthodontic outcomes. The acquisition enhanced the orthopedic offering solution of Dentsply Sirona Inc.
In December 2017, the Straumann Group acquired Same Day Solutions (SDS), a Portugal-based dental implants, biomaterials and whitening products distributor. The acquisition was aimed at enlarging the company’s customer base and add additional sales power to its team.
Some of the other key players in the dental implants and prostheses industry are Ivoclar Vivadent AG, OSSTEM IMPLANT CO. LTD., Merz Dental GmbH, Bicon, LLC, Zimmer Biomet Holdings Inc., Danaher Corporation, Henry Schein Inc., and Avinent Implant System.
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