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The global dental prosthetics industry is being driven by the growing cosmetic industry, increasing awareness regarding oral care, blooming dental tourism, and rising disposable income. Moreover, the ability of dental prosthesis to improve people’s quality of life is expected to positively impact its demand among consumers. Furthermore, the increasing usage of mini dental implants and the introduction of new and advanced products are expected to be key drivers for the dental prosthetics industry in the near future. Additionally, the prospect of economical dental procedures in developing regions of the world will propel the market growth. And to make this possible, the ease of importing state-of-the-art products and instruments into emerging nations owing to the growing hold of globalisation has played a pivotal role.
Recently, some key industrial developments have shown promising signs to positively impact the market in the forecast period. For instance, in May 2019, Institut Straumann AG (Swiss company with revenue of around USD 1.5 billion in 2018) increased its ownership of French company Anthogyr from 30% to 100%. Anthogyr is a company that designs, produces, and sells premium-quality CAD/CAM and implant solutions. In another case, in September 2019, Zimmer Biomet (NYSE: ZBH), a publicly traded medical device company, made the announcement of an agreement with Align Technology Inc. regarding the multinational distribution of iTero Element family of intraoral scanners. This deal made it possible for Zimmer Biomet to expand in the digital restorative dentistry industry. Thus, such developments are expected to further aid the market growth in the coming years.
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The major players in the global dental prosthetics market are 3M Co., BioHorizons Inc., Avinent Implant System S.L.U., Danaher Corporation, Institut Straumann AG, and Ivoclar Vivadent AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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