Europe, the Middle East and Africa Acrylic Teeth Market Insight, Size, Value, Demand, Covid 19 Pandemic Impact, Regional Framework, Research Methodology and Forecast To 2028
Europe, the Middle East and Africa Acrylic Teeth Market -
Overview
The Europe,
the Middle East and Africa Acrylic Teeth Market is growing with a rapid
pace. According to a recent study report published by the Market Research
Future, the Europe, the Middle East and Africa Acrylic Teeth Market is booming
and expected to gain prominence over the forecast period and is projected to
grow at a sound pace. The market is projected to demonstrate a sound growth by
2021, surpassing its previous growth records in terms of value with a sound
CAGR during the anticipated period.
The growth of the market is likely to driven by growing
edentulous population, rising disposable income, increasing incidences of
dental caries and other periodontal diseases, and various advantages
of acrylic teeth over porcelain teeth. According to the National Bureau of
Statistics of China, the annual per capita disposable income of urban
households in China was USD 2,271.0 in 2008 and it reached USD 3408.5 in 2012.
In addition, the overall annual disposable income of middle class households in
India was USD 1,366.2 billion in 2010, which reached USD 1,587.6 billion in
2013. However, factors such as inadequate reimbursement and problems associated
with dentures may hinder the growth of the market up to some extent. The market
also possesses significant growth opportunities which include increasing focus
on cosmetic dentistry and colossal pool of geriatric population in the region.
Key Players:
YAMAHACHI DENTAL MFG., CO (Japan), SHOFU DENTAL
(Singapore), Dentsply Sirona (U.S.), Ivoclar Vivadent, Inc. (Europe), Dental
Manufacturing Spa. (Europe), New Stetic S.A. (South America), HQ Dental
(England), QUEST CORPORATION (Japan), and others are some of the prominent
players at the forefront of competition in the Europe, the Middle East and
Africa Acrylic Teeth Market and are profiled in MRFR Analysis.
Europe, the Middle East and Africa Acrylic Teeth Market -
Competitive Analysis
Characterized by the presence of several well-established
and small players, the EMEA market of acrylic teeth market appears to be highly
competitive and fragmented. International players are increasingly expanding
their footprint in the developing economy, making it difficult for regional
vendors to compete with them, especially in terms of features such as product
differentiation, product portfolios, quality, and pricing. The market is
witnessing intensified competition which is expected to get more intensified further
during the forecast period. The intense competition prevalent in the market
dictates the consolidation among marketers.
Well established players incorporate acquisition,
collaboration, partnership, expansion, and product launch in order to gain
competitive advantage in this market and to maintain their market position.
In February, 2015- Merz Pharma entered into an agreement to
sell Merz Dental to Japanese dental materials and equipment manufacturer Shofu.
This divestiture enabled Merz Pharma to focus on its core business, while
giving Shofu the opportunity to strengthen its position as a leading dental
manufacturer. This acquisition lead SHOFU DENTAL to leverage the German market.
The head office was be kept in Lütjenburg, and Friedhelm Klingenburg stayed on
as CEO.
In June, 2016- Dentsply Sirona, the Dental Solutions
Company, entered into aa definitive agreement to acquire all of the outstanding
shares of privately held MIS Implants Technologies Ltd., a dental implant
systems manufacturer headquartered in northern Israel, for USD 375 million in
cash.
In September, 2017- Ivoclar Vivadent acquired Sagemax
Bioceramics, Inc. Sagemax Bioceramics who is an innovative manufacturer of
zirconium oxide for the dental laboratory industry. The company was founded by
Larry Dang in 2006 and maintains manufacturing, R&D, and general business
operations in Seattle, Washington.
Europe, the Middle East and Africa Acrylic Teeth Market -
Regional Analysis
Europe is the largest market in the EMEA Acrylic Teeth
Market owing to growing geriatric population, presence of the global players
within the region along with the region and rising healthcare expenditures. On
the other hand, the Middle East and Africa holds the least market share. Market
within this region is led by the gulf nations particularly by the Saudi Arabia
and UAE. However, the poor economies of the African region are the major
restraining factor for the market growth due to lack of the healthcare services
and low per capita healthcare expenditures within the region.
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