TORONTO--(BUSINESS WIRE)--According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, while the European market for dental implants will show significant growth to $2 billion by 2015, large variations between dental implant markets in various countries will have significant effects on the business strategies of dental implant companies.
The fragile economies of Spain and Italy have affected their dental implant markets. Dental implants are mainly elective procedures that are usually not reimbursed by insurance. As a result, patients choose not to undergo these procedures when personal finances are limited and employment is uncertain. Due to reduced procedure volumes, Spain’s dental implant market will continue to shrink over the next year. Italy is currently the second-largest European market for dental implants but the downward pressure on prices will make it difficult for companies to increase revenues.
France and the United Kingdom are relatively underpenetrated despite their comparatively robust economies. Increasing patient awareness and dentists’ willingness to adopt dental implant treatments will lead to growth rates of about eight percent annually in both countries, nearly double the overall European market average.
“Growth in dental implants will be strongest in Eastern Europe,” said MRG Analyst Carmen Chan. “The relatively low cost of procedures allows these dental implant markets to benefit from dental tourism from Germany, the United Kingdom and France. While there are some concerns about post-procedure complications—which require the patient to return for follow-up treatments—Eastern European governments and dental organizations are nevertheless working to promote this type of business.”
By the end of 2015, dental implant fixture units sold in Eastern Europe will equal those sold in the Benelux region and represent more than five percent of all revenues in the European dental implant market.
Millennium Research Group’s European Markets for Dental Implants 2011 report includes procedure, unit, average selling price and revenue information, along with market drivers and limiters, as well as competitive landscape for dental implant fixtures, final abutments and other tools in France, Germany, Italy, Spain, Sweden, Switzerland and the United Kingdom, and includes expanded coverage of Israel, Austria, the Benelux countries and Eastern Europe (Czech Republic, Hungary, Poland and Romania).
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.
About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.
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