LONDON--(BUSINESS WIRE)--According to Technavio’s latest report, the global dental crowns and bridges market for 2016-2020 is expected to record USD 3.8 billion, growing at a CAGR of over 7% during the forecast period.
According to Barath Palada, lead analyst at Technavio for medical devices research, “The global dental crowns and bridges market is expected to see fast growth owing to the rise in older population. Moreover, consumers prefer these procedures as a cosmetic modification to enhance facial features.”
In this report, Technavio covers the present scenario and growth prospects of the global dental crowns and bridges market. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market. The market is segmented into the following three regions:
EMEA: growing older population to boost growth
The dental crowns and bridges market in EMEA is expected to exceed USD 1.5 billion by 2020, growing at a CAGR of over 5%. EMEA is one of the major revenue contributors to the market and will experience moderate growth during the forecast period due to various factors such as the advances in dental care technologies, growing older population, rising awareness about oral health, and increased demand for dental crowns and bridges in developed countries because of a rise in disposal income.
A majority of these procedures are catering to the growing needs of the general population, showing an inclination for facial modification. The rise in the prices of metals is driving the demand for ceramic material-based crowns and bridge fixture procedures.
Leading vendors such as Nobel Biocare Services and Straumann with their broad product portfolio of dental crowns and bridges prosthetics hold a significant market share in the region.
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Americas: introduction of new materials and technologies to boost growth
The dental crowns and bridges market in the Americas is likely to reach USD 1.5 billion by 2020, growing at a CAGR of over 9%.
The Americas is one of the major revenue contributors to the market with the US and Canada being major revenue contributors to the region. The market in the Americas is expected to witness significant growth with the introduction of new materials and technologies.
Growing older population and an increase in the number of patients opting for dental restoration and cosmetic dentistry is driving the market. Thus, the market in the Americas will post a steady growth rate over the forecast period. Technologies such as CAD/CAM have great potential in providing high-quality dental restoration.
The reimbursement rate coverage is 71%, which is covered only for essential procedures for senior citizens; however, it does not cover cosmetic procedures.
APAC: fastest growing market for dental crowns and bridges
The dental crowns and bridges market in APAC is likely to reach USD 852 billion by 2020, growing at a CAGR of over 9%. APAC is expected to witness fastest growth in the global market with the China, Japan, and India being major revenue contributors to the region. The rising population, increased disposable income, and growing adoption of laser dentistry are expected to boost the growth of the market in APAC.
APAC is expected to witness the fastest growth as vendors are increasingly focusing on these markets for future growth. Increase in healthcare expenditure, rise in medical tourism, and steady rise in the adoption of advanced dental devices and procedures are factors that are expected to drive the market. The medical tourism industry in China is developing the fastest among all the Asian countries. “Though dental clinics in developed countries offer high-quality medical care, factors such as high cost and the lack of reimbursements compel people in these countries to opt for cost-effective treatments in APAC countries,” says Barath.
Global vendors are facing challenges owing to the rise in competition from local vendors. In terms of operations, vendors face challenges due to the lack of a strong distribution channel. However, the overall market is expected to witness faster growth as compared to other regions.
- DENTSPLY International
- Ivoclar Vivadent
- Nobel Biocare Services
- Zimmer Biomet
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