Nobel Biocare Leading the Way: U.S. and European Overdenture Market Expected to Grow
Vancouver, BC (PRWEB) October 06, 2014 -- According to a new report by iData Research (http://www.idataresearch.com), the leading global authority in medical device market research, the collective U.S. and European market for overdenture s is expected to see exciting growth. This market was valued at more than US$1.6 billion in 2013. And by just 2017, in-depth projections show the market crossing the US$2 billion mark.
“It’s important to know the subtle differences between the overdenture markets in the U.S. and in Europe,” explains Dr. Kamran Zamanian, CEO of iData. “In Europe, Germany is a known hotspot for overdentures, as it’s the only country to be heavily involved in telescopic variations. The German overdenture market can expect to be worth more than a half-billion (US$) in just a few years. That said, those in the overdenture industry would be prudent to expect greater market growth in the United States.” As a whole, the U.S. and European overdenture market will be driven by better patient education, but held back by a lack of discretionary income due to the global financial crisis.
Other key findings from the iData Research report entitled U.S. and European Markets for Overdentures:
Dental Laboratories vs CAD/CAM Milling:
The U.S. and European implant bar market is split between dental laboratories and CAD/CAM companies. Dental laboratories fabricate implant bars through traditional methods such as casting and laser welding, while CAD/CAM companies make use of CAD/CAM technology to virtually design and mill the bars, which offers improved efficiency, accuracy and precision. Dental laboratories continue to maintain a majority share in the European implant bar market; however, in the U.S., CAD/CAM companies have taken the lead. As CAD/CAM technology becomes more widespread, it will continue to gain more market share in both the U.S. and Europe.
High Market Growth in the United States:
The U.S. market experienced a higher growth rate compared to the European market due to the better economic conditions. The high unemployment rate in some countries in Europe contributed to these trends. The German market’s economy was comparatively less affected by the recession and experienced an increase in growth rate; this helped the country to maintain its lead over the U.S. and other European markets.
Growing CAD/CAM Prevalence:
CAD/CAM systems are well established in the U.S. and Europe, particularly in the implant bar market. Dental laboratories have been quick to adopt CAD/CAM technology to assist in fabricating suprastructures efficiently and achieving high levels of marginal fit. Likewise, CAD/CAM manufacturers are continuously expanding the ways in which dental laboratories can incorporate the technology in fabricating their restorations, and increasing the portfolio of dental prostheses that can be milled.
Nobel Biocare was the leading competitor in the total U.S. and European CAD/CAM manufactured implant bar market. The long legacy in the dental implant and CAD/CAM industry in the U.S. and Europe has greatly contributed to Nobel Biocare’s leading position in the market. Other notable competitors in the implant bar market are DENTSPLY/ISUS, BIOMET 3i and Cagenix. Other leaders in the collective U.S. and European market for overdentures include Createch, Nobil-Metal, Proscan, and Avinent.
For Further Information
This in-depth U.S. and European report on the overdentures markets covers the overdenture market as a whole, as well as non-splinted, bar-retained, fixed-hybrid, and telescopic overdentures, fixed-hybrid and removable implant bars and implant and bar level attachments. The countries covered in this report span the United States, Germany, France, Italy, Spain, the Benelux and Scandinavian regions.
The full reports provide a comprehensive analysis including, units sold, market value, forecasts, as well as a detailed competitive market shares and analysis of major players’ success strategies in each market and segment.
Register or email us for a complimentary U.S. and European Overdenture Markets - 2014 report synopsis
About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more.
Caroline Lau, iData Research, http://www.idataresearch.com, +1 604-266-6933 Ext: 215, [email protected]
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