According to a recent report by Transparency Market Research, dental membrane and bone graft substitutes marketis anticipated to witness a sound growth with a steady CAGR of 9.3% within the forecast period from 2016 to 2024. The market is expected to soar around the value uS$922.6 mn in 2024, from US$419 mn in 2015. Based on product type, the market for dental membrane and bone graft substitutes is led by bone graft substitute segment, in which allograft procedure accounts for a strong position in the market due to its comfortable acceptance by the human body, coupled with its biocompatibility property. In dental membrane market, the restorable membrane is anticipated to be the dominant segment.
The market for dental membrane and bone graft substitutes is anticipated to experience a tremendous growth in coming years owing to rise in number of people suffering from dental ailments. The global dental membrane and bone graft substitutes is highly competitive, with the best four organizations representing 30.0% of shares in 2015. Zimmer Biomet Holdings, Inc., DENTSPLY International, Inc., Integra LifeSciences Holdings Corporation, and Institut Straumann AG are the four key firms leading the global market. The advancement and expansion of the technology into growing regions have supported these organizations well in fortifying their position in the dental membrane and bone graft substitutes market. For example, Geistlich Pharma AG, which is a worldwide maker and provider of dental products and gadgets, expanded its activities in New Delhi, India and Sydney, Australia, in year 2016.
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Rise in Geriatric Population to Fuel Global Market of Dental Membrane and Bone Graft Substitutes
The worldwide market for dental membranes and bone graft substitutes is ready to show a wonderful scope for growth within the span of forecast period, driven by the rising occurrence in dental illnesses and a constant rise in geriatric population. The first portion of the forecast period is likely to be somewhat restricting for the dental membrane and bone graft substitutes market, as some of the products manufactured by the firms would have achieved a maturity period. Nevertheless, by the end of 2020, new materials and products are anticipated to be launched in the market, exhibiting solid opportunities for future development.