By Gary Thomas
A report on the dental biomaterials market in Asia Pacific has been released by global medical technology market intelligence provider, Millennium Research Group (MRG).
Titled, Asia Pacific Markets for Dental Biomaterials 2012, the report analyses the competitive landscape and presents market drivers and challenges along with price and sales volume data for dental membranes, bone graft substitutes and tissue regeneration products in the countries South Korea, Japan and Australia.
According to the report, the Asia Pacific dental biomaterials market will register a moderate annual growth rate of 6.6% up to 2016 in spite of the detrimental effect of the Japanese tsunami on revenues. The growth is expected to be fostered by the sustained increase in demand for dental implants. The overall market penetration of biomaterials in dental implants and other dental procedures in Asia Pacific is however considered to be lower than that in other parts of the world.
Owing to the high number of dental procedures performed in South Korea, the country is deemed to be the most active market in the Asia Pacific region for dental biomaterials. South Korean dental biomaterials market is catered to by multinationals with well known brands as well as fiercely competitive local manufacturers who play a significant role in keeping costs low.
Australia and Japan have stringent restrictions on dental biomaterials import and also lack local entities which pushes the price of dental biomaterials to twice that in South Korea. The multinational players operating within the dental biomaterials industry in the Asia Pacific region are Geistlich, Oscotec, Straumann, Zimmer Dental and Riemser Arzneimittel.