Dental Implant Market To Exceed $1 Billion By 2013 Despite Current Economic Slowdown
Main Category: DentistryArticle Date: 31 Mar 2009 - 2:00 PDT
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According to Millennium Research Group's (MRG's) new US Markets for Dental Implants 2009 report, although the current economic crisis is resulting in lower procedural growth in the short term, the US dental implant market will recover after 2010 and exceed $1 billion by 2013.
As a result of the slumping economy, patients are less likely to invest in dental implant procedures, and some are opting instead for less expensive alternatives, such as crowns and bridges. Because of this retrenchment, dentists are now buying smaller volumes of dental implant products, reflecting the decline in appointments. With economic recovery expected to begin in 2010, however, market growth will be stimulated by preference for minimally invasive procedures that offer improved aesthetic results and boast shorter treatment lengths. Renewed procedure growth will be facilitated through the use of custom-milled abutments, two-piece small-diameter dental implants, and guided surgery technology.
"The growing population of general practitioners (GPs) placing dental implants will also lead to steady market growth, particularly with small-diameter implants that are easier to place and less invasive," says Poonam Jassi, Senior Analyst at MRG. "More GPs will learn to place dental implants because of the profit potential compared to alternative treatments, driving this market into 2013."
MRG's US Markets for Dental Implants 2009 report provides coverage of key industry competitors, including Astra Tech, Bicon Dental Implants, BioHorizons, BIOMET 3i, Dentsply, Implant Direct, IMTEC, Keystone Dental, Nobel Biocare, Straumann, Zimmer Dental, and many more.
About Millennium Research Group
Millennium Research Group (http://www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the health care sector. The company provides specialized industry expertise through published reports, ongoing Marketrack(TM) projects, and customized solutions.
About Decision Resources, Inc.
Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the health care industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at http://www.DecisionResourcesInc.com.
All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.
Millennium Research Group
http://www.mrg.net
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