Growing Rate of Medical Tourism Increases the Demand for Dental Prosthetics Market

Leading market intelligence firm, Transparency Market Research (TMR), has announced the publication of a report on the global dental prosthetics market. The report takes into consideration all the relevant factors expected to have an impact on the trajectory of the global dental prosthetics market in the coming years and presents solid market forecasts.

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Dental prosthetics are compensatory replacements places inside a patient’s mouth in the event of damage to the dental structure. Missing parts of teeth or whole teeth and other structural deficiencies in the jaw and the palate are the primary focus of dental prosthetics.

According to the TMR report, the global market for dental prosthetics is expected to exhibit a sturdy 7.6% CAGR between 2015 and 2023. The value of the market, estimated at US$3.0 bn in 2014, is expected to almost double over the forecast period and end up at US$5.8 bn.

One of the primary drivers for the global dental prosthetics market is the increasing global geriatric population. While the improving healthcare scenario around the world has boosted the average lifespan of the global population, the inevitable increase in the risk of dental problems with aging has driven the demand for dental prosthetics. The further expected increase in the global geriatric population, as well as the increasing proportion of the geriatric population in the global population, will drive the global dental prosthetics market in the coming years.

The increasing prevalence of dental problems in younger demographics is another major driver for the global dental prosthetics market. The widespread prevalence of unhealthy eating habits is a key factor adding to the global prevalence of dental problems.

The increasing demand for medical tourism in emerging countries such as Thailand and India has also driven the global dental prosthetics market. While the high prices of dental prosthetics have held the market back in developed economies, the lower healthcare costs in emerging regions have allowed their medical tourism industry to flourish, with dental care being a major part of the services made available in the medical tourism sector.

By product type, crowns emerged as the largest segment of the global dental prosthetics market in 2014. Crowns are mainly used to cover up damage to single teeth and to enhance their aesthetic appeal. High durability has also ensured steady demand for crowns, with about 15 million people estimated to undergo crown and bridge implant or replacement every year in the U.S. alone.

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The report provides detailed information about the performance of each product segment of the dental prosthetics market. It also elaborates upon the competitive landscape of the market by profiling major players such as Institut Straumann AG, Nobel Biocare Holdings AG, Biohorizons, Inc., Dentsply International, Inc., Avinent Implant Systems, Zimmer Biomet Holdings, Inc., and Ivoclar Vivadent, Inc.

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