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The Australian dental implants and prosthetics market has experienced strong growth over the past several years. According to a new market research report, it is expected to grow at an approximate compound annual rate of 7.8 per cent during the forecast period of 2015 to 2020 mainly owing to rising demand, an increase in purchasing power, and growing consumer acceptance of advanced dental technologies.
The Australian dental implants and prosthetics market is largely driven by rising incidences of dental caries and periodontal disease among the ageing population. Rising disposable income, increasing willingness to incur out-of-pocket expenses for dental implants, and growing awareness of quality dental care are expected to drive the growth of this market further. In addition, increasing adoption of dental implants owing to better aesthetics and ease of cleaning will boost the growth of this market. Better customisation of dental implants with the help of CAD/CAM technologies is expected to increase the adoption rate of these products further.
The report identifies some of the major participants in this market, including Straumann, DENTSPLY International, Zimmer Biomet Holdings, 3M ESPE, Danaher Corp., AVINENT Implant System and OSSTEM IMPLANT. Amidst the increasing competition, acquisitions and new product launches have helped these companies to maintain their market share and even grow in this market.
The full report, titled “Australia dental implants and prosthetics market by implant material (titanium, zirconium), prosthetic product (bridges, crowns, dentures), denture type (partial, complete), and abutment type (definitive, temporary)—Forecast to 2020”, was published by research firm MarketsandMarkets and can be purchased on the company’s website.
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