In the dynamic landscape of the Asia-Pacific dental prosthetics market in 2023, numerous noteworthy events unfolded. Strasys unveiled TrueDent, a groundbreaking full-color 3D permanent denture, while Desktop Health forged a strategic alliance with Carbon to introduce the innovative Flexcera series of dental resins to the Carbon 3D printing platform. Concurrently, technological advancements persisted, with dental practices embracing digital technologies such as CAD/CAM design and CAD/CAM manufacturing, encompassing inlays, onlays, and other cutting-edge solutions.
Despite the continuous positive momentum in this market, various challenges persistently attempt to impede its growth. In this blog, we delve into a comprehensive country-level analysis, shedding light on the factors that exert significant pressure on hindering the overall progress of the Asia-Pacific dental prosthetics market.
Australia Dental Prosthetics Market
In Australia, the growth-limiting factor appears to be a positive development, stemming from the enhancement of the overall dental health of the population. While this is certainly commendable, it poses a challenge for the expansion of the dental prosthetics market. The paradox is evident: the better the oral health of individuals, the lower the likelihood of them requiring dental procedures, including the use of dental prosthetics. To be more specific, the increase in dental health impacts the full denture and bridge markets, while the lower-cost crown and partial denture markets will see an increase. Likewise, the growth of the denture teeth market will be constrained, given that these products necessitate more teeth compared to partial dentures. In essence, enhanced oral health is restricting market expansion by reducing the demand for comprehensive full-mouth restorations, leading to a decreased need for teeth restorations among clients.
China Dental Prosthetics Market
The dental prosthetics market in China faces constraints primarily due to the high overall cost of dental procedures. Despite widespread access to healthcare services for the majority of the Chinese population, dental insurance is often not included. Consequently, a substantial access barrier exists for most individuals, preventing them from pursuing dental treatments, including obtaining dental prosthetics when necessary.
Even for the minority with dental coverage under their medical insurance, a prevailing trend is to opt for more economical alternatives over premium options. This tendency further hampers market expansion by narrowing the scope for growth in demand for dental prosthetics.
Japan Dental Prosthetics Market
In Japan, the key determinant restraining market growth is not a specific factor but rather a program, namely the National Health Insurance (NHI) program. This initiative facilitates access to dental care and coverage for the Japanese population. However, the coverage and care offered through NHI are notably low-cost, necessitating individuals to turn to private care for premium methods, incurring significant out-of-pocket expenses. As the majority of the population opts for the affordable care provided by NHI, the overall growth of the market is curtailed due to the lack of coverage for higher-priced prosthetics.
India Dental Prosthetics Market
In India, the primary constraint on market growth stems from the fact that dental procedures are relatively expensive compared to the income levels of a significant portion of the population. With a per capita income in India lower than the global average, coupled with the uncommon prevalence of dental insurance, many people face financial barriers to accessing dental care. Compounding this issue is the fact that a substantial portion of the population resides in rural areas or villages where dental clinics and hospitals are scarce.
The combination of cost constraints and limited access to dental facilities serves as a dual impediment to the overall growth of the dental prosthetics market in India. Moreover, those who can afford dental care often opt for the most economical options available, contributing to the further limitation of growth in premium prosthetic categories.
South Korea Dental Prosthetics Market
South Korea encounters analogous limiting factors comparable to those faced by Australia. While the overall oral health of the South Korean population is on an upward trajectory, the emphasis on achieving improved oral health standards paradoxically poses challenges for the market due to a growing scarcity of dental care. Similar to the situation in Australia, this limitation predominantly affects the full denture and bridge markets, with the lower-cost crown and partial denture markets experiencing a heightened surge in market value. Additionally, there is anticipated to be a decline in the denture teeth market.
Although the enhancement of oral health is a positive development for the population, it presents a negative factor impeding the growth of the dental prosthetics market in South Korea.
In summary, the Asia-Pacific dental prosthetics market in 2023 reflects a blend of innovation and challenges. Notable advancements, like Strasys’ TrueDent and Desktop Health’s Flexcera series, showcase industry dedication. However, country-specific hurdles persist, from Australia’s oral health paradox to China’s cost barriers and Japan’s reliance on low-cost insurance. India faces financial constraints and limited access, while South Korea grapples with improved oral health impacting market dynamics. The road forward necessitates ongoing innovation and collaborative efforts to overcome these challenges, ensuring accessible, affordable, and high-quality dental care for all.