The market studied is driven by factors such as the rising burden of dental disorders and growing dental tourism, growing penetration of dental implants, and an increase in the disposable income of the people across the developing countries. The rise in the global aging population is contributing to the raised number of dental disorders.
The global population is aging rapidly, owing to reduced birth rates and increasing life expectancy. According to the US Census Bureau’s statistics, the number of older people is estimated to increase by nearly 60% in the next 15 years, and by 2030, the total number of people above the age of 65 is likely to be more than a billion, i.e., the geriatric population is expected to represent 12% of the global population. By 2050, this number is likely to cross 1.6 billion or 16.7% of the total population.
Increasing age is usually associated with high rates of edentulism. Furthermore, according to the American Association of Oral and Maxillofacial Surgeons, 69% of adults age 35 to 44 have lost at least one permanent tooth due to an accident, tooth decay, gum disease, or a failed root canal therapy. As per The Platform for Better Oral Health in Europe, 2018, more than 50% of the European population suffers from some form of periodontitis and over 10% of the people have cases of severe diseases, with the major prevalence rising to 70-85% of the population aged 60- 65 years of age. Hence, rising dental disorders are fueling the growth of the market studied.
Key Market Trends
Titanium Biomaterials are Expected to Witness a High Growth Over the Forecast Period
Titanium biomaterials have been in use for over 50 years, during which they have been studied extensively. The titanium metal is used for dental implants, due to its favorable mechanical properties, such as weight-to-strength ratio and good biological performance. Additionally, it exhibits passivity properties and, thus, relatively low corrosion rates compared with those of other more reactive metals, which undergo active corrosion even in relatively neutral pH.
According to a number of European dentists, if a full arch or a full set of teeth is to be replaced, titanium implants are a better choice. As stated by the European Commission, in 2016, a recent project in Europe, titled “NanoTi consortium”, intends to bring a new titanium implant to the market that possesses the innate capability to resist bacterial infections without the addition of an antibacterial compound. The aim of the NanoTi project is to develop nanophase topography on the surface of titanium dental implants, which enables the innate capability to resist bacterial infections without the addition of any antibacterial compound.
Hence, such advancement in technology is expected to fuel the growth of the titanium biomaterial segment for the market studied, over the forecast period.
North America is Expected to Witness a High Growth Over the Forecast Period
According to the US Centers for Disease Control and Prevention (CDC), 2017 report, recorded about 84.6% dental visits by children aged 5-19, by 2016. further about 64% of adults aged 18-64 went for a dental visit, and similar for adults above the age of 65. Almost 8,000 people in the United States die of oral and pharyngeal cancers every year, most of them elderly. But the problem is not limited to seniors. Children from lower-income families are twice as likely to have tooth decay. The success of dental implants has higher than the root canal and other traditional dental services.
However, reimbursement issues, especially for dental care is restraining the market in the country. With the increasing number of dental issues and the government efforts to improve the healthcare of their citizens are expected to augment the market for dental implants in the United States.
The dental biomaterials market is moderately competitive with the presence of local as well as international players in the market. Major share of the market is grabbed by the international players whereas, small to mid-sized companies are posing intense competition with the help of novel technologies. In the future, it is expected that the market share will be distributed among international players and small players as well due to the focus of new entrants to come up with innovative products.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Burden of Dental Disorders and the Growing Dental Tourism
4.2.2 Growing Penetration of Dental Implants
4.2.3 Increase in the Disposable Income Across the Developing Countries
4.3 Market Restraints
4.3.1 Regulatory Isssues
4.3.2 Cost of the Procedure
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Metallic Biomaterials
18.104.22.168 Stainless Steel
22.214.171.124 Chromium Alloys
5.1.2 Ceramic Biomaterials
5.1.3 Polymeric Biomaterials
5.1.4 Natural Biomaterials
5.2 By Application
5.2.3 Other Applications
5.3 By End-User
5.3.1 Hospitals and Clinics
5.3.2 Academies and Research Institutes
5.4.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.4.3 Asia Pacific
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.4.4 Middle East and Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East and Africa
5.4.5 South America
188.8.131.52 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GC Corporation
6.1.2 Victrex PLC
6.1.3 Medtronic PLC
6.1.4 Straumann Holding AG
6.1.5 Zimmer Biomet Holdings, Inc.
6.1.6 Dentsply Sirona, Inc.
6.1.7 Royal DSM
6.1.8 Henry Schein, Inc.
6.1.9 Danaher Corporation
6.1.10 3M Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.