Article -> Article Details
Title | Microdontia Market to Reflect Impressive Growth Rate During 2017-2023 |
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Category | Fitness Health --> Addictions |
Meta Keywords | Microdontia Market |
Owner | vinit |
Description | |
Market Highlights Increasing prevalence of microdontia is the major factor
contributing to the growth of the market and is likely to increase in the
coming years due to increasing prevalence of dental problems and aging
populations worldwide. Increasing number of patients suffering from different
dental diseases have increased the demand different treatments in the market.
During the last few years, the dental consumables have changed the treatment
scenario. The market is expecting a healthy growth during the next decade. Moreover,
well developed technology has supported the growth of the market in this
region. During last decade the number of dental procedures have
increased which has influenced the growth of the market positively. Moreover,
increasing demand for better treatment and changing reimbursement policies has
boosted the market growth The global microdontia
market is expected to grow at a CAGR of ~5.6 % during the forecast
period 2017-2023. According to the American Dental Association, in 2014, 52.3%
of adults reported to visit the dentist every six months, 15.4% reported once
per year, and 11.0% reported once every two to three years. According to the
Pew Center on the States, in 2010, Americans spend USD 106 billion on dental
care. Moreover, According to the American Dental Association, in 2010, over 600
million dental procedures were performed which will continuously increase in
coming future. Approximately 75 % of all procedures were diagnostic procedures.
Children ages 0–20 accounts 41 % of all procedures. Moreover, advancing
technology in dentistry is adding fuel to the growth of the market. Regional Analysis The Americas dominate the global microdontia market owing to
the presence of huge patient population with dental diseases, high healthcare
spending, and increasing government support for research & development.
Europe holds the second largest share of the global
microdontia market as result of increasing focus of various government agencies
on the treatment of dental diseases such as microdontia. Moreover, the growing
public awareness about microdontia likely to boost the Europe market.
Asia Pacific is the fastest growing microdontia market
across the globe. Japan holds the major share of the regional market due to
availability of advanced technology and huge healthcare spending. Moreover,
rapidly developing economy, increasing healthcare expenditure, and the
government’s initiatives for research & development projected to drive the
market in China and India over the forecasted period. The Middle East and Africa holds the least share of the
global market due to limited availability of medical facilities. The UAE, Saudi
Arabia, and Kuwait are expected to drive the Middle East & African market.
Whereas, the African region is expected to witness a moderate growth. Segmentation The global microdontia market is segmented on the basis of
types, by treatment, and by end user. On the basis of type, it is segmented into
true generalized microdontia, relative generalized microdontia, and localized
(focal) microdontia. On the basis of treatment, it is segmented into
cosmetic dentistry, and others. On the basis of end user, it is segmented into
dental clinics, dental laboratories, and others. Key Players Some of key the players in the market are Patterson Dental
(U.S.), Henry Schein (U.S.), Dentsply Sirona (U.S.), 3M (U.S.), Straumann
(Switzerland), Danaher Corporation (Switzerland), PLANMECA OY (Finland),
Carestream Health, Inc., Biolase Inc, KERR Corporation, GC orthodontics, and
American Orthodontics.
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