Within the Asia-Pacific market for dental prosthetics, Australia, China, Japan, South Korea, and India make up the individual markets analyzed in detail by iData’s latest research. All of these regions experience similar trends and are all driven by demographic factors. If you are curious to learn more about these markets and some of the key insights relating to growth rate and popular prosthetics, keep reading.
WHAT ARE DENTAL PROSTHETICS?
In dentistry, prosthetics are a way to restore or replace damaged teeth. Crowns and bridges, dentures, denture teeth, and CAD/CAM prosthetics all make up the dental prosthetics market. In general, the majority of dental prosthetics are prepared within laboratories. However, there are some exceptions as dentists prepare several prosthetics outside of a laboratory using chairside technology. In terms of overall trends, CAD/CAM technology has revolutionized the dental prosthetics market as a whole. Traditionally, the preparation of prosthetics was done by hand using physical impressions of patients’ mouths. Now, dentists utilize technology and build prosthetics digitally whether in a dental laboratory or the dental office.
WHAT ARE THE KEY GEOGRAPHIES IN THE ASIA-PACIFIC DENTAL PROSTHETICS MARKET AND HOW ARE THEY DOING?
As mentioned above, Australia, China, Japan, South Korea, and India are the largest individual segments within the overall Asia-Pacific market.
China, the largest market within the region, had in 2020 a dental prosthetics market valuation of $3.8 billion that was a 13.8% decrease from 2019 as a result of COVID-19. Nevertheless, market trends indicate growth to reach $5.3 billion at a CAGR of 5.1% by 2027.
Not far behind, Japan had a 2020 market valuation of $3.6 billion that followed a 15.7% decrease due to COVID-19 headwinds. In 2027, however, the market is indicative of growth to reach $5.1 billion at a CAGR of 5.3%.
In 2020, South Korea’s dental prosthetic market had a value of $641.6 million. This market value was an 18.1% decline from 2019 market values due to COVID-19. Despite this, the market is strong and indicates growth over the forecast period and into 2027 at a CAGR of 5.1% to reach $909.8 million.
In 2020, Australia had a total market value of $345.9 million. This market value was a 17.2% decrease due to COVID-19. Despite this, the market shows strong signs of recovery, and market trends indicate the potential to reach $531.6 million at a CAGR of 6.3% by 2027.
Lastly, in 2020, India’s dental prosthetic market decreased by 13.6% following COVID-19 and had a valuation of $173.8 million. In 2027, the market is indicative of positive growth at a CAGR of 11.3% to reach approximately $368.7 million.
WHAT ARE SOME OF THE OVERALL MARKET TRENDS?
As the numbers indicate, the dental prosthetics market in India is growing the fastest at a CAGR of 11.3%. The majority of growth within India is a result of the rapidly increasing per capita income, as historically, India’s per capita income was much lower than the global average. The largest market in terms of monetary value is China with Japan trailing close behind. Due to the large percentage of the population being above the age of 60, China and Japan can achieve such extreme market values as age acts as a driver.
Within all of the individual markets, similar trends are occurring. For example, dentists prescribe crowns the most in relation to the other prosthetics. As a result, crowns have increased in popularity relative to bridges. Despite the popularity surrounding crowns, dentures are the fastest-growing segment. Growth within the dentures segment is driven by demographic factors and increasing per capita income. Limiters upon these markets vary depending on the segment, dental health, per capita income, and other factors.
WANT MORE INSIGHTS ON THE Asia-Pacific Dental Prosthetic MARKETS?
Find detailed information on market size/trends, market shares for the top competitors, forecasts, growth rates, units sold, average selling prices, and more at the links below:
- Learn more about Australia’s Dental Prosthetics Market or India’s Dental Prosthetic Market
- Learn more about China’s Dental Prosthetics Market or Japan’s Dental Prosthetics Market
- Discover South Korea’s Dental Prosthetics Market or the U.S. Market for Dental Prosthetics