NEW YORK, NYC, USA/LEIPZIG, Germany: The increasing demand for dental biomaterial and implants is driving the global dental equipment and consumables market. According to a report released by US market research company MarketsandMarkets on Tuesday, both segments are expected to grow at at a compound annual growth rate of 6 per cent—only slightly below the 7 per cent growth predicted for all market segments combined. Total market volume is forecasted to reach US$27,6 billion by 2015.
According to the report, the growth of these segments is expected to be highest in North America and the EU where the generation of aging baby boomers can afford high-priced dental procedures including cosmetic treatments and implants. Improved orthodontic products, especially by younger people, are also in high demand.
Improvements in the field of dental biomaterials and tissue regenerative material have also enabled the dentists to offer more natural and longtime dental solutions. Latest technology such as CAD/CAM will reduce the overall turnaround time for dental procedures while improving efficiency of the dental practitioners further, the report states.
(Edited by Daniel Zimmermann, DTI)
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