Europe, the Middle East and Africa Acrylic Teeth Market - Overview
The Europe, the Middle East and Africa Acrylic Teeth Market Trends 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 Europe, the Middle East and Africa Acrylic Teeth Market Share 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, RD, 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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