Kenneth Research published a report on Dental Implant Market which gives detailed analysis of the present market landscape. The report which is evaluated for the forecast period, i.e., 2022-2031, provides an in-depth analysis of the market based on size, volume, latest trends, opportunities and challenges associated.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dental Implant Market Products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Dental Market in India is expected to grow at a healthy rate as dental implants are a better substitute compared to other forms of treatment and also people are getting more beauty conscious.
The report begins with an introduction on dental market and describes the various types of dental implants available in the market. In the market overview section the market size with a forecasted value is depicted along with the growth rate. Further the total units of dental implants sold are also given. Factors affecting the cost of dental implant are also tabulated.
In the next section drivers and challenges has been highlighted. Drivers include due to tremendous increase in medical science people aged more than sixty years of age are living much longer. This gives ample scope to the manufacturers of dental implants to grow. Also due to rise in medical tourism, scope for dental treatment including dental implants is on the rise. Also it is much cheaper to get the treatment for dental implants done in India compared to the western counterparts. People are also becoming more beauty conscious and hence opting for dental implants. Many people have opted for dental implants because they want to have a perfect smile. Challenges include that dental implants are more expensive than other forms of dental treatment. This may cause a sizeable population not to opt for dental implants as the Indian market is extremely price sensitive. It has also been found out that Indians in general have apathy towards dental treatment. Also insurance companies do not cover a comprehensive list of dental treatments further discouraging the masses not to opt for the high value dental implant treatment. Again many doctors do not recommend dental implants as they themselves are not sure about the quality of treatment (as dental implants are a relatively new technique)
In the next section market trends have been highlighted which includes growth in dental tourism. Dental tourism is assumed to increase its market share within medical tourism in the days to come. Also, there has been a significant improvement in the technology employed by dental implants. New technologies allow patient to complete the whole procedure in minimum time and minimum pain. This should help in increasing the popularity of dental implants. Some of the companies are trying to come up with cheap dental implants which will help them to penetrate the price sensitive dental implant market.
The competition section begins with a Porter’s five forces model which analyses the dynamics of the market. The major players in the market have been profiled which includes a financial summary for each of the players. Key ratios and key contacts are also listed. The last section offers strategic recommendations for the players in the dental implant market.
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of Dental Implant Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Playes
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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