Global Dental Prosthetics Market, by Product Type (Fixed Dental Prosthetic (Crown, Bridges, Inlays and Onlays, and Composites) and Removable Dental Prosthetic (Dentures, Partial Dentures, Dental Implants, and Veneers)), by Material Type (Ceramics, Cement and Composites (Noble Metals and Base Metals)), by End User (Hospitals & Clinics, Dental Laboratory and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 5,863.3 Million in 2022 and is expected to exhibit a CAGR of 8.0% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
The increasing adoption of inorganic growth strategies, such as acquisition by key market players is expected to drive the global dental prosthetics market growth over the forecast period. For instance, in May 2022, Institut Straumann AG, a manufacturer of dental implants, announced that it had acquired PlusDental, a health tech company, for orthodontic treatment solutions that help correct teeth and jaws that are crowded, have over- or under-bites, or are positioned improperly. This acquisition will strengthen Institut Straumann AG’s strategic consumer expertise and help it in growth and expansion.
Global Dental Prosthetics Market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdowns in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
The COVID-19 pandemic also had a negative impact on the global dental prosthetics market. For instance, in March 2021, according to the data published in the article Online Journal of Dentistry & Oral Health, dental physicians have a higher risk of COVID-19 infection due to high affinity to ACE2 receptors which are highly expressed in salivary glands than respiratory mucosa, and saliva act as mainly tank for droplets transmission. Different droplet sources during dental procedures, such as splash, and spatter with the use of a handpiece, dental syringe, and ultrasonic scalar all can remain active for a few hours to days depending on the surface, and may remain suspended in the air for a few hours, depending on the surrounding atmosphere. Hence, dental treatments decreased during COVID-19.
Global Dental Prosthetics Market: Key Developments
Adoption of inorganic strategies such as product launches by key market players over the forecast period. For instance, in July 2021, Nexa3D, a manufacturer of 3D printers, announced that it had launched xMODEL 2505 dental material for dental prosthetics. This material is ideal for the ultrafast production of additively manufactured thermoformed dental models, dental removable dies, and other dental model applications.
Browse 35 Market Data Tables and 30 Figures spread through 180 Pages and in-depth TOC on “Global Dental Prosthetics Market”- Forecast to 2030, Global Dental Prosthetics Market, by Product Type (Fixed Dental Prosthetic (Crown, Bridges, Inlays and Onlays, and Composites), and Removable Dental Prosthetic (Dentures, Partial Dentures, Dental Implants, and Veneers)), by Material Type (Ceramics, Cement, and Composites (Noble Metals and Base Metals)), by End User (Hospitals & Clinics, Dental Laboratory and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/dental-prosthetics-market-1163
Moreover, increasing adoption of inorganic strategies such as partnerships by key market players is expected to drive the global dental prosthetics market growth over the forecast period. For instance, in February 2022, Envista, a manufacturer of dental equipment, announced that it had entered in a partnership with Vitaldent Group, Dental Service Organization (DSO). Under this partnership, Envista will become the supplier of clear aligners and implants, which are Spark and Nobel Biocare, respectively.
Key Takeaways of the Global Dental Prosthetics Market:
- The global dental prosthetics market is expected to exhibit a CAGR of 8.0% during the forecast period due to the increasing adoption of growth strategies such as product launches by the key market players. For instance, in March 2021, Dentsply Sirona, a manufacturer of dental products and technologies, announced the introduction of its CEREC Tessera blocks (Advanced Lithium Disilicate CAD/CAM Blocks), glass ceramics which is used by dentists when fabricating a restoration that makes restorations look nearly identical to the natural teeth.
- Among product type, the fixed dental prosthetic segment is estimated to hold a dominant position in the global dental prosthetics market over the forecast period due to the adoption of inorganic strategies such as patent approval by key market players. For instance, in November 2021, Den-Mat Holdings, LLC, a manufacturer of dental products, announced that it had received a patent for a caries-resistant composite material, a restorative material used to restore tooth structure lost due to trauma or disease. This patent will allow DenMat to expand its dental innovation.
- Among regions, North America is estimated to account for the largest market share in the global dental prosthetics market, owing to the increasing adoption of inorganoic strategies such as product launch by key market players over the forecast period. For instance, in January 2021, Nobel Biocare Services AG., a manufacturer of dental implants, announced that it had launched Xeal and TiUltra surfaces in the U.S. Xeal and TiUltra surfaces are applied to implants and abutments, to provide a secure platform for dental prosthetics.
- Major players operating in the global dental prosthetics market include Polident D.O.O., Amt Medical SRL, Ivoclar Vivadent, VITA Zahnfabrik H. Rauter GmbH & Co. KG., Merz Dental GmbH, 3D Diagnostix Inc., Medical Precision Implants, FSM Dental Medikal Mak. San. Tic. Ltd. Sti., Yamahachi Dental Mfg., Co., Glidewell, Anthogyr SAS, Dentsply Sirona, 3Shape, Zimmer Biomet, SprintRay Inc., Thommen Medical AG, Institut Straumann AG, and Henry Schein, Inc.
