Changing Lifestyles To Augment Dental Implants and Prosthetics Market
Intensifying number of patient pool experiencing periodontal ailment is one of the vital aspects motivating the growth of dental implants and prosthetics. The global dental implant and prosthetics market was worth US$11,948 million in 2014 and is further projected to grow at a CAGR of 7.2% between 2015 and 2020.
A mounting population, predominantly from the aged pool, are getting vulnerable to dental complications, thus stimulating the global dental implants and prosthetics market. Shifting lifestyles and the growing demand for cosmetic dentistry play an influential role in the progress of the market. In addition, the increasing disposable earnings of patients from emerging nations and technical developments in CAM/CAD techniques are functioning in support of the market. With the launch of computer-aided design/computer-aided manufacturing (CAD/CAM) technology has ominously abridged the dental treatment time. As a result, all the above cited factors mutually drive the evolution of dental implants and prosthetics market. Nevertheless, adverse compensation guidelines curb the growth of this market
Alternatively, the cumbersome price of dental implants is undoubtedly the primary reason limiting the market. This feature is added by the dearth of compensation policies that gives into dental work. With the scarcity of insurance coverage, patients are reluctant to benefit from the cutting-edge cures accessible for dental implants. In addition, the upward patient incredulity as regards to the loss of tooth related to dental bridges is hampering the growth of the market. Nonetheless, the steady shift towards innovative materials and inventive technologies like 3D cone beam imaging technology is crafting abundant growth prospects for the international market for dental implants and prosthetics.
Europe is the leading market with humongous returns owing to upturn in the elderly population, added patient cognizance for acceptance of dental implants and high medical tourism expressly in Hungary. North America takes up the second biggest share trailed by Asia-pacific region and is estimated to grow at the highest CAGR in the coming years because of augmented healthcare consciousness, better-quality economic growth and swelling government resources. Noteworthy mergers and acquisitions, associations, joint undertakings are few of the industry tendencies that are playing a foremost role for the market evolution.
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