The Brazilian Market
The SIT & MSC MED JV will tap into a massive Brazilian market, which ranks #3 behind only the USA and China. Brazil has the highest number of dentists, per capita, with 110 per 100,000 population; by comparison, Canada has 58 dentists per 100,000. Brazil also has 203 schools of dentistry, while the USA has only 73.
According to MarketWatch, by 2023 the Brazilian dental implant market will be worth USD $924 million, with a CAGR of 10%.
Brazil has the highest per capita implant market with an estimated 4.2 million implants placed per year, by 2023.
Dental Implants
Dental implants already hold a substantial 18% share of the global dental device market; and are also expected to have one of the highest growth rates amongst all dental device submarkets.
This is primarily because dental implants offer an effective treatment for edentulism and because of the rising demand for cosmetic dentistry worldwide across all age groups.
The aging baby-boomer population in developed nations offers an especially
high-growth opportunity, as this consumer segment is characterized by high disposable income, and also by an increased need for dental care due to longer life expectancy. Tooth loss has been a major problem North America, Europe and others. About 6 to 10 per cent people in these regions are toothless, while about 240 million people have lost one or more teeth.
Dental
The global Dental Implant market is being forecasted to grow at 8.6% from $7.2 billion (US$) in 2020 to $11.8 billion (US$) in 2026 {Source: MarketWatch}. SIT initial product and technology launch will target the dental implant market.
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Orthopaedic
The global Orthopaedic Implant market, in 2020, was valued at USD $40 billion, and is forcasted to grow at a CAGR of over 5% between 2021 and 2027. Joint reconstruction will remain the largest orthopaedic implants category. SIT secondary product and technology launch will target the joint reconstruction implant market.
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Veterinary
Global Veterinary Implantology is a relatively new field and the global market is expected to reach $170 million (US$) by 2027. SIT tertiary product launch will target the veterinary implant market.
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