The recession will have an impact on any elective medical procedure, and dental implants (and the resulting bone grafts) are no exception. Since the last edition of Kalorama Information's Implant-Based Dental Reconstruction: World Dental Implant and Bone Graft Market, economic conditions have changed in US and world markets, but the industry has also changed: mergers, new products, an increase in computer design and trained dentists are driving growth, as is reimbursement.
This study, now in its third edition, provides a detailed view of these changes and the state of the dental implant market today. Market coverage and analysis in this report includes:
The information for this report was gathered using both primary and secondary research including comprehensive research of secondary sources such as company literature, databases, investment reports, and medical and business journals. Telephone interviews and email correspondence were the primary method of gathering information. For the purpose of this study, Kalorama Information conducted interviews with key industry officials, consultants, health care providers, implant dentists, oral surgeons, and government personnel. These sources were the primary basis for information specifically relating to trends in the implant industry, revenue and market share data presented in this report. Specific interviews with implant device and biomaterial company representatives included marketing directors, division managers, and product representatives.
Companies covered in this report include:
New York, September 4, 2009 — Tooth loss among the elderly population will create some growth in the $3 billion global dental implant market despite the recession, according to Implant-Based Dental Reconstruction: World Dental Implant and Bone Graft Market, 3rd Edition by premier life sciences market research publisher Kalorama Information, though not the impressive double digit growth rates of prior years.
“The numbers so far suggest that basic restorative work, preventive, day-to-day procedures will continue unabated by the economic downturn, though teeth-whitening and purely cosmetic dentistry will suffer,” says Bruce Carlson, analyst for Kalorama Information. “These are big purchases and in a recession, tentative spending is contagious. That will taper the kind of fast growth we’ve seen here.”
Simple demographics will force some growth in the market - the U.S. elderly population that is projected to be twice as large in 2030 as it was in 2000 - and tooth loss rates are high among this population, but there will still be customers who will have to put off implants. Economic problems are often compounded because many older Americans do not have dental insurance. Financing dental care for those elderly on a fixed income is particularly difficult compared with other age groups, and less than a quarter of older persons are covered by private dental insurance.
The recession is expected to pose a challenge for future sales of dental implants because the dental implant industry relies heavily on the ability of patients to pay for treatments out of their disposable income. Equally impacted is the dental bone graft market, which has a growth trajectory proportional to growth in the dental implant market. Kalorama forecasts both market sectors will experience gains of 5% in 2009, the lowest annual increase in more than a decade for either.
Since the last edition of Kalorama's Implant-Based Dental Reconstruction, economic conditions have changed in the U.S. and world markets, but the industry has also changed: mergers, new products, an increase in computer design and trained dentists are driving growth, as is reimbursement. This latest study provides a detailed view of these changes and the state of the dental implant market today.
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