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1 MarketsandMarkets Publisher Sample Phone: (US) or or (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am - 5:30pm EST customerservice@marketresearch.com MarketResearch.com

2 DENTAL IMPLANTS & PROSTHETICS MARKET (Implants, Crowns & Bridges, Dentures, Abutments) Current Trends, Opportunities & Global Forecasts to 2018 MarketsandMarkets

3 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace and defence, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2013 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Page 2

4 1 EXECUTIVE SUMMARY The dental markets studied in this report are categorized as dental implants and prosthetics; of which dental implants account for the largest share of the total market. The global dental implants and prosthetics market is valued at $ million in 2013 and is expected to reach $ million by 2018, growing at a CAGR of. The global dental implants and prosthetics market is mainly driven by factors such as the increasing aging population; rising demand for cosmetic dentistry; high Decayed, Missing, and Filled Teeth (DMFT) index; rising concerns about oral health; and increasing demand in developing nations due to rising disposable incomes and health awareness. However, the economic slowdown in the developed nations, especially in Europe, and the limited coverage for dental products inhibits the growth of the market to a certain extent. FIGURE 1 DENTAL IMPLANTS & PROSTHETICS MARKET, BY TYPE, ($BILLION) Total Market Size ($Billion) Source: International Congress of Oral Implantologists (ICOI), Association of Dental Implant Auxiliaries, The American Academy of Implant Dentistry (AAID), The Journal of Prosthetic Dentistry, The Australian Dental Prosthetists Association (ADPA), Annual Reports, SEC Filings, FDI World Dental Federation, Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets Sample Page 3

5 The dental implants segment leads the global dental implants and prosthetics market with the largest share of around in The market for dental implants is expected to grow at a CAGR of to reach $ million by 2018 from $ million in Factors such as technical advances and increasing consumer awareness have been an impetus for the growth of this market. FIGURE 2 DENTAL IMPLANTS & PROSTHETICS MARKET SHARE, BY GEOGRAPHY, 2013 North ABC America Europe ASD Asia-Pacific QWE RoW RFV Source: International Congress of Oral Implantologists (ICOI), Association of Dental Implant Auxiliaries, The American Academy of Implant Dentistry (AAID), The Journal of Prosthetic Dentistry, The Australian Dental Prosthetists Association (ADPA), Annual Reports, SEC Filings, FDI World Dental Federation, Expert Interviews, and MarketsandMarkets Analysis Europe leads the dental implants and prosthetics market with a share of in North America and Europe collectively contribute around share to the global market and are expected to be the largest markets for dental implants and prosthetics where the generation of aging baby boomers can afford expensive dental procedures. However, Asia-Pacific countries are likely to provide significant growth opportunities to this market due to high population, increasing per capita income, and increasing awareness of dental and oral care. MarketsandMarkets Sample Page 4

6 2 PREMIUM INSIGHTS 2.1 MARKET SEGMENTATION The global dental implants and prosthetics market is broadly segmented as below: Dental Implants & Prosthetics Implants Prosthetics By Material By Procedure Crowns & Bridges Dentures Abutments Titanium Zirconium Root-form Plate-form Porcelain-fused-tometal (PFM) All -Ceramics (all-porcelain) By Stage Single Stage procedure Two Stage procedure By Connectors External Hexagonal Internal Hexagonal Internal Octagonal Metals Source: MarketsandMarkets Analysis MarketsandMarkets Sample Page 5

7 2.2 TECHNOLOGY TRENDS The dental equipment market is characterized by rapid technology developments and the implants segment, in particular, has witnessed significant progress with the use of 3D imaging, CAD/CAM, and nanotechnology CAD/CAM TECHNOLOGIES The use of CAD (computer-aided design) and CAM (computer-aided manufacturing) technologies have revolutionized the dental implants market by enabling customized manufacturing of dental crowns and bridges to be fitted on top of dental implants for individual customers. It is used not only for designing a product but also to control the manufacturing processes. Companies, today, are creating the most precise products using the CAD/CAM technology and from the last decade, the dental profession has also seen a significant increase in the usage of this technology. FIGURE 3 PROSTHETIC ELEMENTS MANUFACTURING, Source: International Congress of Oral Implantologists (ICOI), Association of Dental Implant Auxiliaries, The American Academy of Implant Dentistry (AAID), The Journal of Prosthetic Dentistry, The Australian Dental Prosthetists Association (ADPA), Annual Reports, SEC Filings, FDI World Dental Federation, Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets Sample Page 6

8 More than of all prosthetic elements were produced by CAD/CAM in Though the majority of prosthetic elements are still made manually, the use of CAD/CAM prosthetic elements continues to increase due to the advantages of the CAD/CAM technology over conventional technology. By 2018, the share of manual manufacturing is expected to decline and more than of all prosthetic elements are expected to produce by CAD/CAM. MarketsandMarkets Sample Page 7

9 3 MARKET OVERVIEW 3.1 MARKET SHARE ANALYSIS DENTAL IMPLANTS, BY KEY PLAYERS FIGURE 4 MARKET SHARE ANALYSIS: DENTAL IMPLANTS MARKET, BY KEY PLAYER, 2012 Company 1 Company 2 Company 3 Company 4 Company 5 Others Source: Expert Interviews, Annual Reports and MarketsandMarkets Analysis The second leading position of Nobel Biocare is mainly attributed to its increasing focus on dental implantology and digital dentistry, with new treatment technologies and a range of new product launches. The company has a strong presence in the Europe, Middle East and Africa, North America, and Asia-Pacific with its distribution network in more than 70 countries. DENTSPLY is another well-established player in the market with share in This is mainly attributed to the acquisition of Astra Tech AB, a manufacturer of dental implants in In addition, the company has a strong presence, globally, with around 120 countries including Canada, Europe, Central and South America, South Africa, and the Pacific Rim. MarketsandMarkets Sample Page 8

10 4 DENTAL IMPLANTS MARKET 4.1 DENTAL IMPLANTS MARKET, BY MATERIAL The material used in dental implants is of prime importance. The two most common materials used in dental implants are titanium and zirconium. Among the two types, titanium dental implants are the most widely used dental implants in the market and contribute around to the global dental implants market, by material. Titanium, in its purest form, is the most suitable for osseointegration with the body tissue and is compatible with the human body in most cases. Along with pure titanium, different types of titanium alloys are also used in the manufacturing of dental implants. TABLE 1 DENTAL IMPLANTS MARKET, BY MATERIAL, ($MILLION) Segment CAGR% ( ) Titanium Zirconium Total Source: International Congress of Oral Implantologists (ICOI), Association of Dental Implant Auxiliaries, The American Academy of Implant Dentistry (AAID), The Journal of Prosthetic Dentistry, The Australian Dental Prosthetists Association (ADPA), FDI World Dental Federation, Annual Reports, SEC Filings, Expert Interviews, and MarketsandMarkets Analysis Being the most widely used material in dental implants, titanium leads the global dental implants market, by material, with the largest share of around. It is estimated to be $ million in 2013 and is expected to cross the $ billion mark by 2018, at a CAGR of from 2013 to The extensive use of titanium is mainly attributed to its biocompatibility with the human body and its lower cost than zirconium. MarketsandMarkets Sample Page 9

11 TABLE 2 DENTAL IMPLANTS MARKET, BY GEOGRAPHY, ($MILLION) Region CAGR % ( ) North America Europe Asia-Pacific RoW Total Source: International Congress of Oral Implantologists (ICOI), Association of Dental Implant Auxiliaries, The American Academy of Implant Dentistry (AAID), The Journal of Prosthetic Dentistry, The Australian Dental Prosthetists Association (ADPA), FDI World Dental Federation, Annual Reports, SEC Filings, Expert Interviews, and MarketsandMarkets Analysis Europe commands the largest share of the global dental implants market at an estimated $ million in It is expected to reach $ million by 2018, at a CAGR of from 2013 to This is attributed to the availability of reimbursement, increasing ageing population, and the presence of major dental players in Europe. However, the economic deterioration and high unemployment have had a negative impact on dental practices in this region, thereby hindering the growth of this market to a certain extent. The North American market, on the other hand, is growing at a higher rate than that of Europe, mainly due to the comparatively low penetration and adoption of advanced dentistry. The North American market for dental implants is valued at $ million in 2013 and is poised to grow at a CAGR of to reach $ million by MarketsandMarkets Sample Page 10

12 5 GEOGRAPHIC ANALYSIS 5.1 INTRODUCTION The dental implants and prosthetics market is predominantly divided into four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The global dental implants and prosthetics market is estimated to be worth $ million in Europe is the largest market with share, followed by North America () and APAC (). The developing markets are expected to increase their share in the coming years due to rising disposable incomes, growing desire for better aesthetics, rising demand for advanced dental solutions, and increasing investments by major players in this market. TABLE 3 DENTAL IMPLANTS & PROSTHETICS MARKET, BY GEOGRAPHY, ($MILLION) Region CAGR% ( ) North America Europe Asia-Pacific RoW Total Source: International Congress of Oral Implantologists (ICOI), Association of Dental Implant Auxiliaries, The American Academy of Implant Dentistry (AAID), The Journal of Prosthetic Dentistry, The Australian Dental Prosthetists Association (ADPA), Annual Reports, SEC Filings, FDI World Dental Federation, Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets Sample Page 11

13 5.2 EUROPE TABLE 4 EUROPE: DENTAL IMPLANTS & PROSTHETICS MARKET, BY COUNTRY, ($MILLION) Country CAGR% ( ) Germany Italy Spain France U.K. Russia RoE Total Source: International Congress of Oral Implantologists (ICOI), Association of Dental Implant Auxiliaries, The American Academy of Implant Dentistry (AAID), The Journal of Prosthetic Dentistry, The Australian Dental Prosthetists Association (ADPA), Annual Reports, SEC Filings, FDI World Dental Federation, Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets Sample Page 12

14 6 COMPETITIVE LANDSCAPE 6.1 INTRODUCTION In the competitive landscape, this report studies the growth strategies implemented by companies between 2011 and The players in this market have adapted various strategies to expand their global footprint and to augment their market share. The key strategies followed by most companies in the global dental implants and prosthetics market were new product launches, agreements, partnerships and collaborations, and mergers and acquisitions. FIGURE 5 KEY GROWTH STRATEGIES OF DENTAL IMPLANTS & PROSTHETICS MARKET, ABC QWR ASF QRT Others Source: MarketsandMarkets Analysis Broad research in this market has brought into view that the new product launch strategy is the key strategy followed by major players and accounts for of the total strategies. The dental implants and prosthetics market is primarily driven by organic growth and most players are involved in the research and development of innovative products to provide unique and advanced dental technology-based products to broaden their portfolio, to upgrade existing dental implants and prosthetics products, and also to offer integrated and complementary MarketsandMarkets Sample Page 13

15 dental solutions. These key steps opted by players in this market were ultimately targeted to augment their market share and to provide the best dental solutions to dental professionals. The key players involved in these strategies are OSSTEM IMPLANT Co. Ltd. (South Korea), MIS Implants Technologies Ltd. (Israel), Zimmer Holdings, Inc. (U.S.), Biomet, Inc. (U.S.), and AVINENT Implant Systems (Spain). MarketsandMarkets Sample Page 14

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