The Global Dental Implant Market is expected to Grow at a CAGR of 6.01% during the Forecast Period 2017–2023 to an Aggregate of $5,602.2 million by 2023
Factors, such as rise in the incidence of oral diseases, growing adoption of knowledge-based dentistry, rise in demand for dental biomaterials, increased demand for cosmetic dentistry, and a rise in the edentulous population have had a cumulative impact on the dental care industry across the globe. Such factors have also increased the demand for dental implants.The introduction of mini dental implants and adoption of novel technologies such as CAD/CAM are making dental impants a popular treatment method and the number of people embracing this procedure for oral health is expected to increase significantly during the forecast years
BANGALORE, India – September 18, 2017
Infoholic Research LLP, a global market research and consulting company, has published a study titled “Global Dental Implant Market – Drivers, Restraints, Opportunities, Trends, and Forecasts: 2017–2023” (September 2017).
Dental implants are usually used by people who have lost or damaged their teeth.It is also used by some to enhance facial aesthetics. Implant dentistry has evolved specifically for restorative practices and today implants an important artificial restoration method that is relatively risk free, easy to undergo, and has a lasting effect. Dental prosthetics are capped on top of the abutment for complete dental implantation. Depending on the design of the prosthetics, they are either screwed, clipped, or cemented into place. Research studies have proven the effectiveness and safety of dental implants with long lasting results. There is a 95% success rate recorded for these procedures. Once the restoration is complete, good oral hygiene and regular dental checkup are necessary to ensure the dental implants remain functional and clean. In addition to complete dental implants, mini-dental implants are also becoming quite popular for their ease of use and cost effectiveness.
The present dental market is driven by the rise in incidence of oral diseases. Teeth, although not considered as a revered body part like the heart or lungs, is essential for basic human needs: to eat and talk with age, the strength and health of teeth begin to deteriorate often leading to damaged teeth and sometimes even loss of them. With the increase in the global elderly population, there is going to be an increased demand for dental implants as well.. This will give the market a significant impetus in the coming years. Dental implants have already proved its efficacy in treating various oral problems and has become one of the standard treatment methods preferred by dentists and dental surgeons. Titanium and Zirconium are the two most common metals used in dental implants. Titanium has shown high success rate and it used most commonly for dental implants worldwide. Not only for implants, but Titanium is also used for other dentistry procedures such as dental fixtures, crowns and bridges It has shown excellent biocompatibility, osseointegration, and durability. These qualities along with well-established long-term clinical data make Titanium the most preferred choice for artificial dental restoration.
The market has significant opportunities to offer high-quality treatment with the availability of a wide range of dental implants. The adoption of CAD/CAM in dentistry has helped dentists to perform dental procedures with better compliance. The use of ergonomic equipment has enabled them to treat individuals with better and customized treatment. Technologies such as iTero by Cadent, CEREC by Sirona, and Lava Chairside Oral Scanner by 3M ESPE have advanced the digital impression systems. Therefore, the increased adoption of CAD/CAM systems is another factor that will boost the dental implants market sales.
The cost involved in a dental procedure brings a second thought for most individuals who have been recommended implants for dental restoration. As most of the dental procedures have no reimbursement policy and many insurers provide only selected procedural reimbursement, it becomes a difficult decision to make for people who need to undergo treatment. A successful dental restoration requires surgical treatment with regular dental visits and the cost of a single dental implant ranges between $2,500 to $4,500 approximately. This range differs from place to place depending on the medical set up of the region. The advances in technology, such as 3D printing and the usage of biomaterials are making treatment methods hassle free and successful. Therefore, despite the cost dental implants are gaining contributing to the revenue of the market.
Products, such as 3M ESPE MDI Hybrid Lab Analog, OSSEOTITE Implants, SeissPlus Implants, Ankylos, Astra Tech Implant System EV, InterActive, RePlant, NobelParallel Conical Connection, Straumann Tissue Level Implant, and Bone Level Implant Line are some of the dental implant brands that have shown best results and are in high demand in the market. According to Infoholic Research, the Global Dental Implant market is expected to grow at a CAGR of 6.01% during the forecast period 2017–2023 to touch an aggregate of $5,602.2 million by 2023.
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The market is analyzed based on three segments: product types, end-users, and regions. The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). In Europe, France, Italy, the UK, and Germany were the leading countries where the highest number of dental implant procedures were carried out in 2016. North America was the second leading region with more than 26% of the market share in 2016. The advancement in technology and the anticipated launch of new products is expected to increase the sales in developed countries. In Asia Pacific, India and China are the most attractive countries for the big players in the dental industry. Both these nations hold tremendous business opportunities in terms of revenue and growth. ROW will be an emerging market in the next 5–6 years.
The product areas covered in the report are titanium and zirconium dental implants. The titanium dental implant segment is the leading contributor accounting for more than 93% of the global dental implant market. The adoption of titanium is maximum because of the qualities present in this metal. Titanium implants are easy to use, resistant to wear and tear, relatively safer that other metals, cost effective and durable. The increased adoption of customized dentistry has generated increased demand for dental restoration procedures. This rise in the application of dental implants is expected to create a high demand for dental prosthetics and other related products in the market in the coming years.
There are more than 3 million people with dental implants in the US, and more than 5,00,000 are expected to add to this number year on year. These implants/systems are expensive and have an added cost when an individual undergoes dental restoration. The dental implant market in the emerging countries is expected to grow rapidly because of several critical factors such as large number of patients with oral problems, rise in medical tourism, and cost effective advanced medical facilities in developing countries. However, there are several deterrents to the market as well. Some of them include high procedural cost in the developed countries, lack of skilled surgeons, and stringent regulatory approval of the devices in the market. Unless Western countries such as the US, the UK, France and Italy loosen their policies of dental reimbursement, the emerging dental market will witness a significant growth and a manifold increase in medical tourism.
“Dental implant market is growing at a steady rate with the highest contribution coming from the cosmetic/aesthetic dentistry market. Therise in the need for oral care and a significant increase in aging population have led to the demand for dental implants. The market is dominated by top five vendors who hold 70% to 75% of the market share. Medical tourism is a major trend making its way into the dental industry and its popularity is increasing across the globe because of the huge difference in dental treatment cost in the developed and the developing countries. With quality of treatment remaining the same, low cost options in APAC countries is one of the most important reasons for medical tourism. Additionally, the emergence of mini dental implants is expected to give a makeover to the implant industry. Its cost-effectiveness, fast treatment time, and comfortable implant size are expected to leverage the market growth in the future.” – Mohammed Azhar, Senior Research Analyst (Research – Healthcare) at Infoholic Research
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Further, the report aims to cover the below points:
- 1. Provides an in-depth analysis of the key business opportunities in countries and verticals
- 2. Provides complete details about the various types of dental implants
- 3. Provides complete details of trending dental implants
- 4. Provides complete details about the analysis of top players
- 5. Provides industry outlook including current and future market trends, drivers, restraints, and emerging technologies
Ms. Sunanda Ganguli
Infoholic Research LLP