Valley Cottage, NY -- (SBWIRE) -- 12/07/2017 -- Dental implant is an artificial tooth that is placed in jaw to act as replacement tooth. People who have lost their tooth or teeth due to injury, periodontal disease and other reasons may use dental implant as an alternative to the natural tooth. Prosthetics are used to reconstruct the intraoral defects such as soft or hard structure of the jaw, missing parts and others. Rising number of people suffering from periodontal disease is one of the important factors driving the growth of dental implants and prosthetics. For instance, Centers for Disease Control and Prevention (CDC) has estimated that 47.2% of the total population above the age of 65 years suffers from some kind of periodontal disease. Thus, with the rise in periodontal diseases globally the dental implants and prosthetics market is also expected to grow in near future.
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Rising edentulous population, increasing disposable income and growing awareness for dental care are some of key factors driving the growth of dental implants and prosthetics market. For instance, it has been estimated that in 2010 approximately 160 million people globally were edentulous which accounts for 2.3% of the global population. In addition, increasing geriatric population and changing lifestyle also propel the growth of this market. According, to the World Health Organization (WHO) it has been estimated that the global elderly population is expected to reach around 2 billion by 2050; thiswas around 524 million in 2010. Moreover, the global geriatric population is expected to grow at the fastest rate in developed countries such as Italy, Germany, the U.K., the U.S. and Japan. According to the U.S. Census Bureau, around 40 million people in the country belonged to the elderly category in 2011. Around 89 million people are estimated to be beyond the age of 65 years by 2050.Thus, increasing geriatric population globally augments the demand for dental implants and prosthetics.Technological advancements in the field of dentistry also drive the growth of this market. With the introduction of computer-aided design/computer-aided manufacturing (CAD/CAM) technology has significantly reduced the dental treatment time. Thus, all the above mentioned factors collectively drive the growth of dental implants and prosthetics market. However, unfavorable reimbursement policies restrict the growth of this market during the study period.
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Geographically, Europe accounts for the largest share of the global dental implants and prosthetic market as the key players are domiciled in this region followed by North America. In addition, increasing geriatric population, presence of organized distribution channels and rising disposable income are of the major factors driving the global demand of this market during the forecast period 2015 to 2025. In addition, Asia-Pacific is estimated to be fastest growing market for dental implants and prosthetic owing to increasing healthcare awareness, population aging and rising medical tourism in countries such as India, Japan, Malaysia and others. However, economic slowdown in developed regions such as Europe and North America coupled with unfavorable reimbursement policies inhibits the global growth of dental implants and prosthetics market.
3M Company, Biomet, Inc., Nobel Biocare, Straumann, Zimmer Holdings, Dentsply International, Zimmer Dental, BioHorizons, Inc., Ivoclar Vivadent AG are some of the leading companies having their presence in the global dental implants and prosthetics market.
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