Albany, New York (PRWEB) January 15, 2015 -- The global dental bone graft substitutes and other biomaterials market was valued at USD 0.46 billion in 2013 and is expected to grow at a CAGR of 10.6% during the forecast period 2014 to 2020 to reach a market value of USD 0.88 billion by 2020.
Dental bone graft substitutes and other biomaterials belong to a multidisciplinary field that brings together biology, chemistry and applied engineering. Bone grafting is performed prior to dental implantation procedure to create space and provide support to the implant. The global market for dental bone graft substitutes and other biomaterials has been estimated to grow at a CAGR of 10.6% during the forecast period 2014 to 2020. The growth of dental bone graft substitutes and other biomaterials market is anticipated to be primarily driven by improving dental reforms across the globe that enhances the quality and affordability of dental services. Similarly, the increasing number of dental implantation procedures will also accentuate the growth of this market during the forecast period. Likewise, the aging population is a major reason that is held responsible for the growth of this market as elderly people are at higher risk for developing periodontal diseases.
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Based on materials, the market for dental bone graft substitutes and other biomaterials has been segmented as: natural, ceramics, composites and polymers. Among all of the aforementioned segments, the market for natural bone graft substitutes (allografts and xenografts) accounted for the largest market share by revenue in 2013. This is due to the fact that these grafts are in the market since long which has increased their popularity among periodontists that has ultimately increased the user base. Also, natural grafts have proven their capability in providing implant support efficiently that has further helped the segment market to gain the largest share. The ceramics market segment has been projected to grow at the highest CAGR during the forecast period owing to their reduced cross infection rate. In addition, constant research and development for improving ceramics for dental grafting by various companies will further propel the growth of ceramics market.
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Geographically, Europe accounted for the largest share (more than 30%) in terms of revenue of the total dental bone graft substitutes and other biomaterials market. This is majorly due to the presence of large number of key players such as Institut Straumann AG, Geistlich Pharma AG and others in the region. Similarly, owing to rising dental tourism, it has been projected that Asia-Pacific and Rest of the World (RoW) are the most lucrative regions for dental bone graft substitutes and other biomaterials market during the forecast period. Improving government initiatives will further augment the growth of this market in Asia-Pacific and rest of the world.
The global dental bone graft substitutes and other biomaterials market is dominated by DENTSPLY International, Institut Straumann AG, Zimmer Holdings, Inc., BioHorizons IPH, Inc., Biomet, Inc., DePuy Synthes, Inc. and Medtronic, Inc.
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