Global Dental Crowns and Bridges Market Set to Witness Prolific Demand: Projected to Grow at a CAGR of 6.9% in the Forecast Period
Published | 16 August 2021
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the was valued at USD 4.3 billion in the year 2020 and is projected to grow at a CAGR of 6.9%, earning revenue of around USD 6.7 billion by the end of 2027. A major factor driving the growth of the global dental crowns and bridges market is the increasing prevalence of oral disorders such as bleeding gums, cavities, chipped or cracked teeth, etc., especially among the elderly. However, the market growth may be limited by the high cost of crowns, bridges, and implant procedures.
Growing Trends of Digitization and Robotic Surgeries in Dental Industry Boosting the Global Crowns and Bridges Market
With the use of robotics in dental surgeries, the growth opportunities for the global crowns and bridges market are becoming more lucrative. A Cone-Beam Computed Tomography (CBCT) scan in conjunction with the fabrication of physical guides has transformed the entire dental implant therapy into a digital process. Furthermore, the use of robotics during dental implant surgeries and 3D technology to design crowns and bridges to meet the patient's needs are both contributing to the growth of the global dental crowns and bridges market.The use of robotics in dental implant surgeries allows for a high degree of autonomy, automatic adjustment towards intraoperative procedures, etc., which ultimately spurs the consumption of dental crowns and bridges.
Increasing Focus Towards Dental Aesthetics Is Anticipated Favoring the Global Dental Crowns and Bridges Market
The demand for dental surgeries for cosmetic purposes is growing rapidly as people are becoming more interested in enhancing their physical appearances and are spending a lot of money on it. Due to these changing behaviors and the increasing disposable income of consumers, the global dental crowns and bridges market is set to grow substantially. Moreover, the dentures and dental bridges market is experiencing an increased demand among all age groups because these are capable of solving both dental problems as well as the human desire to look better.
Global Dental Crowns and Bridges Market - By Material
Based on materials, the global dental crowns and bridges market is categorized into ceramics, porcelain fused to ceramics, and metals. Among these, the ceramic segment accounts for the largest market share because of its aesthetics as well as longevity. It is becoming increasingly common to use all-ceramic crowns and bridges during dental procedures, as they can last up to 15 years. Furthermore, they are durable enough to last for 25 years or more with proper care and regular checkups, which eliminates the need to replace them every few years, which reduces the burden on patients financially.
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Global Dental Crowns and Bridges Market - Regional Insights
Geographically, the global dental crowns and bridges market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, North America accounts for the largest market share. However, the Asia-Pacific region is projected to witness the highest CAGR and cover a substantial share during the forecast period. This is because of the flourishing medical tourism in countries like India, China, South Korea, etc. Furthermore, with such high population density in Asia-Pacific countries, the prevalence of dental disorders tends to be high, which in turn fuels the demand for dental crowns and bridges.
Impact of COVID-19 on Global Dental Crowns and Bridges Market
The COVID-19 pandemic had a swift and severe impact on the global dental crowns and bridges market. As soon as the pandemic broke out, several countries had to impose nationwide lockdowns to curb the spread of the virus. As a result, patient visits to healthcare facilities dropped significantly. Moreover, the demand for dental crowns and bridges also declined to ensure the safety of the patients as well as the dental professional. However, the global market is estimated to recover from this setback in the post-COVID-19 period.
The leading market players in the global dental crowns and bridges market are Biotech Dental, Zimmer Biomet, Dentium, Glidewell, 3M, Ivoclar Vivadent AG, Henry Schein, Inc., National Dentex Lab, Nobel Biocare Services AG, Institut Straumann AG, Dentsply Sirona, OSSTEM Implant, Biohorizons Implant Systems, Inc., Derby Dental, Lithoz, GNI, Co. Ltd., LASAK, AMT SRL, GC Corporation, and other prominent players.
The key market players in the global dental crowns and bridges focus heavily on product approvals and launches in order to expand their consumer base by introducing innovative products that make patients' lives easier.In order to grow their market and boost their customer base, these companies also implement competitive market strategies such as mergers, acquisitions, partnerships, and collaboration.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global dental crowns and bridges market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global dental crowns and bridges market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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