Dental Bone Graft Substitute Market - Growing Medical and Dental Tourism in Developing Countries
Growth in
the dental bone graft substitute market is driven primarily by the increasing
prevalence of dental disorders, continuous product commercialization, market
availability & product affordability, rising number of geriatric
population, and growing public awareness related to preventive care.
Dental
Bone Graft Substitute Market Dynamics:
1.
Increasing demand from customers
and rising inclination toward cosmetic dentistry
2. Low penetration rates for dental implants
3. Growing demand for bone graft substitutes from emerging markets
4. Changing demographics
The
dental
bone graft substitute market size is projected to reach USD 659 million by
2025 from USD 450 million in 2020, at a CAGR of 7.9%.
Key Questions Addressed in The Report:
1.
Who are the top 10 players
operating in the global dental bone graft substitute market?
2. What are the drivers, restraints, opportunities, and challenges in the dental bone graft
substitute Industry?
3. What are the opportunities for stakeholders and provide details of the
competitive landscape for key players?
4. What will be growth of dental bone graft substitute in North America,
Europe, Asia Pacific, Latin America, and the Middle East and Africa?
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COVID-19 Impact on Dental Bone Graft Substitute Market:
The
dental bone graft substitute market is impacted due to the pandemic, resulting
in short term negative growth due to factors such as a sharp decline in
elective surgeries. Moreover, dental clinics were temporarily closed, and
hospital access restricted to non-essential care. Thus, limited access to
clinics, social distancing, the lockdown of the population, which results in
less trauma and workplace injuries, and slow-down in patient flow and referrals
has also impacted the market growth.
Growing Medical and Dental Tourism in Developing Countries:
Dental tourism is an important factor that drives the dental bone
graft substitutes market. India’s dental tourism service as there is a lot of
cost difference with good quality work when we compared India to the other
countries. Like cost for smile designing in US is USD 8,000 and in India is USD
1,000 and for dental implants in the US is USD 2,000, in Hungary is USD 1070
and in India USD 600 approximately. Vietnam revamped its dental care services
to world-class standards in the last decade, attracting patients from
Australia, New Zealand, and the United States. Today, more than 100,000
tourists from these countries visit Vietnam for cutting-edge dental procedures,
contributing more than USD 150 million to the country’s dental industry.
Countries, such as Thailand and Malaysia, offer dental tour packages that
include the cost of a dental treatment as well as a vacation, which is still
lower than the total cost of a dental treatment incurred in the US or the UK.
This has attracted a large number of people from America and Europe to avail
dental treatments in Asian countries, thus making dental tourism a major source
of revenue collection in these countries. Introduction and availability of
newer and advanced dental products is expected to further fuel the growth of
this market.
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Europe is one of the
major revenue-generating regions in the dental bone graft substitute market.
The favorable reimbursement & insurance coverage for major procedures and
supportive government regulations for product commercialization are the major
factors driving the growth of the dental bone graft substitute market in Europe.
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