PUBLISHER: iData Research Inc. | PRODUCT CODE: 1404346
PUBLISHER: iData Research Inc. | PRODUCT CODE: 1404346
In 2023, the Indian dental prosthetics market achieved a value of almost $0.9 billion. Projections anticipate a continuous increase over the forecast period with a Compound Annual Growth Rate (CAGR) of 6.9%, reaching a value exceeding $1.4 billion.
Barriers associated with both cost and accessibility exert notable constraints on the overall growth of the dental prosthetics market in India. The financial limitations faced by many patients compel them to choose the most economical dental care options, thereby further restricting the growth potential, especially in premium prosthetic categories.
The growth of the dental prosthetics market in India faces challenges due to the discrepancy between the high cost of dental procedures and the income levels of a considerable portion of the population. With per capita income in India falling below the global average and dental insurance being uncommon, accessibility becomes a significant hurdle, especially in predominantly rural areas where dental facilities are limited. These combined barriers, arising from both economic limitations and restricted access, substantially impede the overall expansion of the dental prosthetics market in India. As a result, individuals with limited budgets often choose more economical dental care options, further restricting the potential growth of premium prosthetic categories.