Dental membrane and bone graft substitutes are basically employed in bone graft surgeries. A patient is required to go through a bone graft surgery after losing a tooth or multiple teeth through any accident, old age, or being infected by any dental disease. According to a study commenced by the World Health Organization, over 30% of the total people between the age 65 and 74 have lost their natural teeth across the globe. The study also states that approximately 16% to 40% of the children in the age group of 6 to 12 years suffer from dental trauma as a result of violence, road accidents, unsafe schools, and unsafe playgrounds. The American Academy of Periodontology states that almost 64.7 million people in America suffer from periodontitis, thus driving the demand for dental membrane and bone graft substitutes.
The global market for dental membrane and bone graft substitutes is anticipated to expand at a promising 9.3% CAGR from 2016 to 2024. The market was worth US$419 mn in 2015 and is projected to reach a valuation of US$922.6 mn by the end of 2024.
Get Sample Report:
How is dental tourism expected to boost the growth of the market?
The robust progress of the dental tourism industry across several developing countries such as India, China, Mexico, and Hungary has lifted the availability of quality and cost-effective dental services. A prominent publishing house in the U.S., Healthy Travel Media, finds that as compared to developed countries, developing countries provide dental services at a relatively lower price which is approximately 50%-80% less than developed countries. As a result of this, the dental procedures worldwide have witnessed a significant surge in their demand, thus propelling the growth of the global dental membrane and bone graft substitutes market.
Other elements that are expected to drive the growth of the market are innovation in the technology used in bone graft and dental membrane surgery. Advanced technologies such as demineralized bone matrix and xenograft have gained importance among patients over the last couple of years due to the benefits offered by them.
What aspects are likely to hamper the market growth?
The growth of the global market for dental membrane and bone graft substitutes is anticipated to adversely affected by the dearth of efficient reimbursement policies, strict regulations imposed by the government regarding the use of medical devices in dentistry, and pricing policies. The risk in bone grafting procedures and lack of donors is also expected to impact the growth of the market.
On which segment should manufacturers turn their attention to gain in the near future?
To benefit in the near future, companies operating in the market should turn their attention towards the bone grafts substitutes segment as it accounted for a mammoth 94.8% share in the market. It is expected to maintain a leading position in the market. However, the dental membranes segment is likely to exhibit a 10.1% CAGR between 2016 and 2024. In terms of region, the manufacturers can capitalize on the opportunities arising from Europe and Asia Pacific.