Dental Prosthetics Market to Exhibit a CAGR of 6.0% and Touch USD 9.71 Billion by 2026; Increasing Advancement in 3D Technologies to Promote Growth,…

November 02, 2020 05:16 ET | Source: Fortune Business Insights

Pune, Nov. 02, 2020 (GLOBE NEWSWIRE) -- The global dental prosthetics market size is predicted to reach USD 9.71 billion by 2026, exhibiting a CAGR of 6.0% during the forecast period. The market size stood at USD 6.09 billion in 2018. The dental prosthetics market in Europe generated a revenue of 2.48 billion in 2018. The growth in the is attributed to the higher diagnosis and treatment rates for dental diseases. The rising dental expenditure and utilization of dental services will aid the growth in the region. The increasing prevalence of periodontal diseases will have a positive impact on the dental prosthetics market revenue during the forecast period. The growing cases of dental caries and tooth loss will spur opportunities for the market during the forecast period.

KEY INDUSTRY DEVELOPMENTS:

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Acquisition of Henry ScheininCliniclands to Back Growth

Henry Schein, Inc., an American distributor of health care products and servicesannounced that it hasacquired majority of equity stake in Cliniclands, an innovative distributor serving dental practices throughout Sweden, Denmark, and Norway.

The new development of Henry Schein can be an essential factor in boosting the dental prosthetics market trends owing to the variety of dental consumables offerings such as implants, prosthetic and orthodontic solutions as well as small and office equipment. Furthermore, Chairman of the Board and Chief Executive Officer of Henry Schein, Stanley M. Bergman, said in statement.

Cliniclands is a rapidly growing, successful company built upon a valuable business model. We are delighted to partner with the co-founders and the entire Cliniclands team. Our two companies have a shared commitment to the use of advanced technology to help our customers run successful, profitable businesses.

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High Demand for Dental Products to Augment Development in Europe

The dental prosthetics market in Europe generated a revenue of 2.48 billion in 2018. The growth in the is attributed to the higher diagnosis and treatment rates for dental diseases. The rising dental expenditure and utilization of dental services will aid the growth in the region.

The increasing demand for premium dental products will further enhance the market in Europe. The market in Asia Pacific is likely to grow rapidly during the forecast period owing to the rising prevalence of dental caries and growing geriatric population. The growing disposable income will bolster healthy growth of the market in Asia Pacific.

The Report Lists the Key Companies in the Dental Prosthetics Market:

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Global Dental Prosthetics Market Segmentations:

By Type

Crowns

Bridges

Abutments

Dentures

Others

By End User

Dental Hospitals & Clinics

Dental Laboratories

Others

By Geography

North America (U.S. and Canada)

Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

The Middle East& Africa (South Africa, GCC and Rest of Middle East & Africa)

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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:

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Dental Prosthetics Market to Exhibit a CAGR of 6.0% and Touch USD 9.71 Billion by 2026; Increasing Advancement in 3D Technologies to Promote Growth,...