Dental bone graft substitution is a surgical process that allows replacement of a missing tooth. On the other hand, bone grafts are used in certain dental processes to increase the amount of bone that is needed to support the dental implant. The increasing cases of oral problems and rising disposable income in emerging economies are some of the major factors driving the global dental bone graft substitutes and other biomaterials market.
In 2013, the global market for dental bone graft substitutes and other biomaterials was valued at US$0.46 bn and is estimated to reach a value of US$0.88 bn by the end of 2020. The market is projected to exhibit a progressive 10.60% CAGR between 2014 and 2020.
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Xenografts Segment to Register High Growth Rate in Coming Years
The global market for dental bone grafting substitutes and other biomaterials can be segmented on the basis of material into polymers, composites, ceramics, and naturals. In 2013, the natural segment held the biggest share in the global market for dental bone graft substitutes and other biomaterials. Among the two sub-categories of the natural segment, the allografts segment is estimated to hold the largest share in the overall market due to its wide acceptance among the population and tissue compatibility after transplantation. The xenografts market, on the other hand, is estimated to exhibit a healthy 11.10% CAGR between 2014 and 2020 thanks to the rising preference of tissue banks to gather bone tissues from bovine animals.
Asia Pacific Market to Witness High Growth due to Booming Dental Tourism Industry
The global market for dental bone graft substitutes and other biomaterials can be divided on the basis of geography into North America, Asia Pacific, Europe, and Rest of the World. Among these regions, North America and Europe collectively held a 70% share in the overall dental bone graft substitutes and other biomaterials market in terms of revenue. The rapid growth of these two regions can be attributed to the presence of major players including DENSTPLY International and Institut Straumann AG, owing to the presence of opts-out and opt-in scenario in tissue and organ transplantation.
On the other hand, the Asia Pacific market is estimated to register the highest growth rate in the next few years owing to the growing geriatric population and expanding dental tourism industry. In Asia Pacific, the population is reluctant to accept the adoption of xenografts, which has encouraged the rapid growth of the ceramic segment in comparison with the natural segment. Furthermore, in 2013, the Rest of the World market held a very small share in the globe market for dental bone graft substitutes and other biomaterials; nevertheless, this region is projected to witness significant growth in the next few years. The growth in this region is due to the improving healthcare infrastructure and growing disposable income in countries such as Brazil and Mexico.
The major players operating in the global market for dental bone grafting substitutes and other biomaterials include Biomet, Inc., BioHorizons IPH, Inc., Institut Straumann AG, DENTSPLY International Inc., DePuy Synthes Companies, ACE Surgical Supply Company, Inc., Zimmer Holdings, Inc., Geistlich Pharma AG, and Medtronic, Inc.