Dental Supplies: A Global Strategic Business Report
San Jose, CA (Vocus) October 5, 2010
The economic crisis took its toll on the dental supplies industry as the market experienced a sharp decline in sales in recent years. Recession continued to hamper the rapid growth experienced by the replacement, restorative and regenerative dentistry markets prior 2008 as the ensuing period witnessed a decline in patient traffic for dental practices. People deferred or postponed dental treatments, which resulted in fall in purchases of supplies and equipment by dentists and dental laboratories. Among the procedures that reported a marked decline were the elective procedures such as tooth whitening and cosmetic dentistry. With eroding patient numbers, some dentists stopped recommending implant procedures and continued with conventional alternative treatments such as tooth-borne crowns and bridges. Besides, reduced credit access led dental laboratories to cancel investments in capital equipment such as CAD/CAM scanners. Amid the shrinking demand for dental products and increased competition, manufacturers continued to experience pricing pressures. The competitive pressure is more visible in the look-alike product categories as most companies reverted to price adjustments in order to maintain sales volumes. Overall, the dental supplies market is expected to report sluggish sales in near term, with no immediate signs of stabilization.
The United States, Japan, and Europe collectively account for a lion’s share of global sales, as stated by the new market research report on Dental Supplies. Future growth in the market is likely to be driven by aging population, new products that reduce patient discomfort, increased health consciousness and growing number of dental implants and cosmetic procedures. As implants offer aesthetic value compared to the conventional crown and bridges, the segment is also becoming a preferred treatment of choice among the partially edentulous population. An aging world population promises lucrative vistas for the dental care segment. In future, the Asian markets are expected to witness maximum growth rate compared to other regional markets. Only about 4-5% of the edentulous population has received dental implants so far, rendering high growth opportunities to the industry players despite the lack of consumer-awareness in the developing countries. By the year 2013, dental implants market in Asia Pacific is projected to exceed US$670 million.
The digitalization trend is fast picking up in the dental implants market, with traditional procedures being gradually replaced by digital technology to enable seamless incorporation of processes starting from scanning to final prosthesis. A key trend in the dental market is the integration of computers and 3D imaging technology to plan and implement accurate placement of implants. The proficiency and preservation of tissue stability and crestal bone is expected to enhance with the evolution of computer technologies such as 3D cone imaging, advent of new processes and pioneering products. The advent of CAD/CAM technology is making dentistry less invasive and complicated and more effective and lucrative for dental labs. The technology involves designing of bridges, onlays, inlays and crown on computers and milling on computerized machines.
Overall market for dental supplies is fragmented although a handful of players enjoy a dominant presence in several segments. Key players profiled in the study include 3M ESPE, Biomet 3i, Inc., Danaher Corporation, Dentsply International, Inc., Heraeus Kulzer GmbH, Ivoclar Vivadent AG, Nobel Biocare AB, Straumann AG, and Zimmer Dental. European companies dominate the market for dental implants. Sweden’s Nobel Biocare and Switzerland’s Straumann are the major players followed by Biomet, Zimmer, and Dentsply.
The report titled “Dental Supplies: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a review of market trends, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics for regions including the United States, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Segments analyzed include Orthodontic Supplies, Dental Implants, Prosthetic Supplies, Infection Control Products, Endodontic Supplies, Restorative Supplies, and Preventive Supplies.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Dental_Supplies_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/
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