Global Dental Prosthetics Market Size

Dental Prosthetics Market Analysis

The Global Dental Prosthetics Market size is estimated at USD 8.96 billion in 2024, and is expected to reach USD 12.61 billion by 2029, growing at a CAGR of 7.07% during the forecast period (2024-2029).

COVID-19 is expected to have a significant impact on the dental prosthetics market as due to COVID-19, various dental procedures were canceled or rescheduled along with a decline in the diagnosis and treatment of dental diseases owing to the high influx of COVID-19 patients. For instance, according to a survey study published by the General Dental Council of the United Kingdom in June 2022, about 22% of all respondents to the study reported that they tried to make an appointment since August 2020 but were unsuccessful, and 17% said they had an appointment that was rescheduled or canceled during the previous 12 months. Further, as per the same source, nearly half of the respondents (47%) believed that all dentist offices were open as of October 2021, while that was an improvement over August 2020, when just 19% of respondents believed all dental offices were open, 25% of respondents in both the 2020 (25%) and 2021 (26%) polls said they were unsure about the status of dental offices. This data shows that the emergence of COVID-19 had a significant impact on dental procedures. Hence, COVID-19 is expected to have a significant impact on the studied market. However, with the decreasing cases of COVID-19, the footfall in dental clinics and hospitals is increasing and over the forecast period, the studied market is expected to regain its full growth potential.

The major factors attributing to the market's growth are the global prevalence of accidental injuries and various periodontal diseases due to increased tobacco, chocolates, and junk foods. Dental caries is the most widespread chronic disease across the globe leading to tooth loss resulting in higher demand for dental prosthetics and dentists to meet the needs of significant global public health challenges. For instance, as per a March 2022 update by the World Health Organization (WHO), it is estimated that oral diseases affect nearly 3.5 billion people worldwide and severe periodontal (gum) disease, which may result in tooth loss, is also very common, with almost 10% of the global population affected. Caries of permanent teeth affects an estimated 2 billion people worldwide, while caries of primary teeth affect 520 million children. Thus, the increasing prevalence of dental diseases results in tooth loss anticipated to drive the demand for dental prosthetics, thereby boosting the market growth.

In addition, the studies depict that the prevalence of dental caries and other dental diseases is high in the geriatric population which is further expected to boost the market's growth as the population of older people increases around the world. For instance, according to the October 2021 report of the World Health Organization, the population of people of age 60 years and more is expected to increase from 1 billion to 2.1 billion by 2050. As a result, the growing geriatric population is expected to drive the market for dental prosthetics, as these groups are more prone to tooth loss. As a result, the demand for dental prosthetics is expected to increase, boosting growth in the dental prosthesis market over the forecast period.

Furthermore, a growing number of strategic alliances, such as collaborations and partnerships within the major market players, are expected to impact the segment's growth positively. For instance, in May 2021, Western Dental and Orthodontics partnered with the Straumann Group to expand access to dental implants. Straumann intends to provide high-quality dental implants, abutments, and crowns under the Neodent brand for all 333 Western Dental and affiliated offices. Similarly, in January 2021, Nobel Biocare launched Xeal and TiUltra surfaces in the United States. These new surfaces are applied to dental implants and abutments, which optimizes tissue integration at every level. These developments are expected to increase the availability of abutments to the patient population, thereby increasing their adoption in dental procedures and driving the market growth. Thus, all aforementioned factors are anticipated to drive the market growth over the forecast period. However, costly treatment and prosthetics, along with associated severe complications and reimbursement issues, restrain the market growth.