US Dental Implant Market to Exceed $900 Million by 2009
October 7, 2005-According to the US Centers for Disease Control, between 1999 and 2002, almost 8% of the US population possessed none of their original teeth. Dental implants are quickly becoming a popular method for treating missing teeth. The ongoing rise in dental implant sales is the result of an increasing number of general practitioners (GPs) placing and restoring implants, the widespread desire for improved aesthetics, and favorable US demographics. According to a new report by Millennium Research Group (MRG), the US dental implant (regular and small-diameter) and final abutment market will experience double digit growth over the next 5 years, exceeding $900 million by 2009.
The industry's wide-ranging educational and promotional campaigns had a significant impact on the number of GPs placing and restoring dental implants in 2004. Manufacturers have attracted GPs to training programs by focusing on not only the technical requirements of placing and restoring implants, but also the business aspects of implantology, including referral networking skills, marketing techniques, and how to develop an implant business. These efforts will increase the number of GPs placing implants in the US and expand the dental implant and final abutment market.
The aging US baby boomer generation will also play a significant role is boosting dental implant sales. Seniors are more apt to have missing teeth or teeth in need of removal and are thus the more likely candidates for dental implants. This segment of the population is also increasingly willing to pay for high-end treatment options, such as dental implants, in order to achieve a natural-looking and appealing smile.
MRG's US Markets for Dental Implants and Final Abutments includes analyses of regular and small-diameter dental implant and final abutment markets. The report covers over 20 competitors including Astra Tech (STH.PA), Bicon, BioHorizons, Dentsply Friadent Ceramed (XRAY), Lifecore Biomedical (LCBM), Nobel Biocare (NBCHF.PK), Straumann (SAUHF.PK), 3i (BMET), and Zimmer Dental (ZMH).
A leading source of competitive intelligence, MRG is now the largest provider of medical device market research in the world. Located in Toronto, Canada, MRG covers global markets and has pioneered reporting of numerous emerging products.
Contact Information:
Tim Guram Millennium Research Group Inc. (416) 364-7776 ext. 112 tguram@mrg.net www.mrg.net
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