Improved technological advancement leading to growing demand for Dental services coupled with growing awareness among the population
Date: 10 May 2016
According to recently published Azoth Analytics report “Global Dental Implant and Prosthetics Market (By Implant Type, By Prosthetics Type, By Material, By Stage): Opportunities and Forecasts (2016-2021)
”, global dental Implants and Prosthetics Market is forecasted to grow at a CAGR of 5.35% during 2016 – 2021F, on account of rising baby boomers population and the growing awareness about the dental treatments. With rising per capita healthcare expenditure in emerging markets, on account of the increasing focus on healthcare among the population, where dental care tends to form a bigger focus given the active lifestyles and improved appearance, the market for Dental Implants & Prosthetics is anticipated to grow at a higher rate.
While awareness for dental implants is high due to the increasing support from dental implantologists mainly in regions such as North America and Europe, thereby, having higher number of procedures using dental implants and prosthetics, markets in emerging economies such as Asia Pacific and Latin America are expected to facilitate growth in coming years.
While adoption for dental implants and prosthetics has been contributed by the improved technology, they are viewed as a cosmetic procedure, and hence, coverage of costs under health insurance remain limited which poses itself to be a challenge among the population due to its costly procedures.