Register to receive a free Latin American Market Report Suite for Dental Bone Graft Substitutes and Other Biomaterials 2017 – MedSuite report synopsis and brochure
The Latin American market for dental bone graft substitutes includes the bone graft substitute and dental membrane markets in Brazil, Argentina, and Mexico. These markets are growing in response to technological innovation, as well as ongoing attempts to reduce disease transmission. However, a lack of government insurance coverage restricts the growth potential in all three regions.
Brazil represented the largest market in 2016, both in terms of value and growth. Brazil is the second-largest market for dental implants across the globe, trailing the United States. The relatively active Brazilian implant market is explained in part by the country’s large population, exceeding 200 million in 2016. Furthermore, there are is a large number of dentists in Brazil, outnumbering the population of dentists in the United States.
The highest priced market is Mexico, where a rising incidence of dental tourism is stimulating growth. Despite the fragile state of the economy, Mexico has continued to lure in international customers—primarily Americans—with its affordable dental products. In addition to encouraging growth in procedural volumes, the foreign customer base is also less reluctant to opt for pricier procedures as they continue to be relatively inexpensive in Mexico.
Lack of Government Dental Insurance Coverage
The overall market for bone graft substitutes and dental membranes in Latin America is limited by a lack of governmental dental insurance coverage. In all of the regions considered, there is no insurance coverage for dental implant or bone graft procedures. As such, the bulk of the population does not have the funds to support such treatments. As a result, numerous local companies have emerged in each country, offering similar products at a marked-down price. These smaller competitors have appealed to the public through their attractive product offerings and affordable prices, thus prompting total market growth to slow down. Even multinational corporations have engaged in price cuts to compete with the vast assortment of inexpensive, local alternatives, furthering restricting the growth potential of the market.
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For Further Information
More on the dental bone graft substitute market in Latin America can be found in a series of reports published by iData Research entitled the Latin American Market Report Suite for Dental Bone Graft Substitutes and Other Biomaterials. The suite covers reports on the following markets: dental bone graft substitutes, dental growth factors and dental barrier membranes.
The iData report series on dental bone graft substitutes covers the U.S., Brazil, Argentina, Mexico, Japan, South Korea, Australia, China, India and 15 countries in Europe including Germany, France, the United Kingdom (U.K.), Italy, Spain, Benelux (Belgium, Netherlands and Luxemburg), Scandinavia (Finland, Denmark, Sweden and Norway), Portugal, Austria and Switzerland. Reports provide a comprehensive analysis including units sold, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment. To find out more about dental bone graft substitute market data, register online or email us at [email protected] for a Latin American Market Report Suite for Dental Bone Graft Substitutes and Other Biomaterials brochure and synopsis.
About Procedure Tracker
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