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Dental Devices Market to 2016
The Global Dental Devices Market to Exceed $12.9 billion by 2016.The global market for dental devices is forecast to exceed $12.9 billion by 2016 with a Compound Annual Growth Rate (CAGR) of 9% from 2009 to 2016
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Hyderabad,
AP,
India
(PRBD.net)
9/7/2010 12:00:00 AM
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The global market for dental devices is forecast to exceed $12.9 billion by 2016 with a Compound Annual Growth Rate (CAGR) of 9% from 2009 to 2016. The market is expected to be driven by strong demand for dental implants in US, Japan, Germany and France. The changing dynamics of patient choice and demand for cosmetic dentistry will drive the dental devices market. In addition,technological advances, increased preference for minimally invasive surgeries, dental benefit plans and direct to consumer advertising by manufacturers are also expected to bolster the growth in the global dental devices market.
For further details, please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=Dental-Devices-Market-to-2016-Cosmetic-Dentistryand-Dental-Implants-to-be-the-Key-Growth-Drivers&ReportType=Industry_Report&Title=Medical_Devices
The market for dental devices in China is forecast to grow at CAGR of 15% for the next seven years from 2009-2016. The market is expected to be mainly driven by healthcare reforms and deregulation of dental services in China. The state council of china announced an allocation of US$123 billion as part of its new medical reform plan to improve health care through 2011. The plan would cover 90% of China’s population under a universal health care system by 2010 to significantly improve health care facilities and expand health related infrastructure. Developing Chinese economy has led to consumers’ desire for better health care and higher quality dental services. This has resulted in rapid expansion of dental clinics, which are expanding beyond basic dental care to offer higher value added services. There are more than 1,000 dental laboratories in
China with production permits and more than 50% of all dental lab equipment and materials are imported from overseas. Health care facilities needs to be equipped with advanced dental technologies as 60% to 70% of current equipment is from the 1970s or 1980s.Hence, patients are seeking out advanced dental techniques to treat there illnesses., which will increase the demand for dental devices.
The US is the biggest market for dental devices, having a market share of 37% towards the global dental device market in 2009. In that year the US dental market was valued at $2.2 billion which is forecast to grow at a CAGR of 10% to reach $4.2 billion by 2016 .In 2008, the U.S. healthcare spending rose to $2.3 trillion. According to Centers for Medicare & Medicaid Services (CMS) $2.3 trillion spent on healthcare in 2008 is translated to $7,681 per person. The baby boomer population due to their unhealthy lifestyle has been contributing significantly to the dental devices market growth in the US. . Implant manufacturers conduct training sessions for dentists to increase awareness, which will drive the dental devices market. Increase in demand for specialist clinics will
bolster the growth of dental implants, chairs and equipment category.
GBI Research’s report, “Dental Devices Market to 2016 – Cosmetic Dentistry and Dental
Implants to be the Key Growth Drivers” provides key data, information and analysis on the global dental devices market. The report provides a market landscape, competitive landscape and market trends information on six dental devices market categories: crowns and bridges, dental chairs and equipment, dental lasers, dental implants, dental biomaterials and dental radiological equipment.The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the latest, advances in dental devices market. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of
industry experts.
For further details, please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=Dental-Devices-Market-to-2016-Cosmetic-Dentistryand-Dental-Implants-to-be-the-Key-Growth-Drivers&ReportType=Industry_Report&Title=Medical_Devices
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GlobalData
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rgunnam@globaldata.com
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