The global dental implants market is estimated to be valued at US$ 5,049.7 million in 2022 and is expected to exhibit a CAGR of 6.5% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
The dental implants market refers to the use of titanium or zirconium implants to replace missing teeth or provide support for dental prosthesis. Dental implants offer several advantages over traditional dental restorations, including improved aesthetics, durability, and functionality. They are used in a wide range of cases, from single tooth replacement to full mouth rehabilitation.
B) Market Dynamics:
The growth of the dental implants market can be attributed to two main drivers. Firstly, the increasing prevalence of dental disorders, such as periodontal diseases and tooth decay, is driving the demand for dental implant procedures. These disorders are prevalent in all age groups and have a significant impact on oral health and quality of life. Dental implants provide an effective solution for restoring missing teeth and improving oral functionality.
Secondly, there is a growing number of dental implant procedures worldwide, driven by factors such as rising disposable income, improved awareness about oral health, and advancements in dental implant technology. With the availability of advanced implant materials and techniques, dental implant procedures have become safer, quicker, and more predictable. This has encouraged more individuals to undergo dental implant treatment.
For example, the introduction of computer-guided implant surgery allows for precise placement of implants, reducing the risk of complications and improving treatment outcomes. Furthermore, the advent of immediate loading implants enables patients to receive functional teeth on the same day as the implant placement procedure.
C) Market Key Trends:
One key trend observed in the dental implants market is the growing adoption of digital dentistry. Digital dentistry involves the use of advanced imaging, CAD/CAM technology, and 3D printing to enhance the accuracy, efficiency, and predictability of dental implant procedures. Digital tools enable practitioners to plan implant placement digitally, simulate the expected outcome, and fabricate custom restorations with high precision. This technology streamlines the treatment process, reduces chair time, and improves patient satisfaction.
D) SWOT Analysis:
1. Strength: High success rates of dental implant procedures, increased patient awareness about oral health.
2. Weakness: High cost associated with dental implant treatment, limited coverage by dental insurance.
3. Opportunity: Rising geriatric population, advancements in material science and implant design.
4. Threats: Presence of alternatives to dental implants, such as dentures and bridges, regulatory challenges in different countries.
E) Key Takeaways:
1. The global dental implants market is expected to witness high growth, exhibiting a CAGR of 6.5% over the forecast period, due to increasing dental disorders and a growing number of dental implant procedures.
2. North America dominates the global dental implants market due to the presence of advanced healthcare infrastructure, high awareness about dental health, and favorable reimbursement policies. However, Asia Pacific is the fastest-growing region, driven by the rising prevalence of dental disorders, a large target patient pool, and increasing healthcare spending.
3. Key players operating in the global dental implants market include DENTSPLY Implants, Straumann AG, Bicon Dental Implants, Anthogyr, KYOCERA Medical Corporation, Lifecore Dental Implants, Zest Anchors, Implant Innovations Inc, BioHorizons IPH, Inc., Neobiotech USA. Inc., Sweden & Martina, TBR Implants Group, Global D, and MOZO-GRAU, S.A. These players focus on product innovation, strategic collaborations, and geographic expansion to strengthen their market presence.
In conclusion, the global dental implants market is expected to experience significant growth in the coming years. The increasing prevalence of dental disorders and the growing demand for dental implant procedures are the major driving factors. Advancements in digital dentistry and the rise of alternative materials and techniques are shaping the market trends. However, challenges related to cost and insurance coverage, as well as competition from alternative treatments, pose potential threats to market growth.
Market Insights Medical implants, with their ability to replace or support a damaged organ or body part, have a wide range of applications in a rapidly growing market that was estimated to value USD 112.83 billion in 2016.
Market Research Future's (MRFR) report on the global medical implants market predicts a significant increase in value and CAGR during the forecast period 2017 to 2023.
Rising incidences of chronic diseases, the increased success rate of surgical procedures, a globally growing geriatric population and the growing adoption of advanced medical devices are some key drivers of market growth.
Investments in research are expected to unveil new opportunities in the coming years.
The Asia-Pacific is the fastest growing region with a remarkable CAGR of 7.55% during the forecast period of 2017 to 2023.
Meanwhile, the Middle East & Africa is expected to experience limited growth due to the unavailability of appropriate medical facilities and the slow development of the healthcare sector in Africa.
