The dental implants market is estimated to be valued at US$ 5,049.7 million in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental implants are artificial roots that are surgically placed into the jaw to hold replacement teeth or dentures. They function similar to natural tooth roots by fusing securely with the jawbone over time. Dental implants have become a popular treatment option for replacing missing teeth as they look and feel more natural and stable compared to other alternatives such as dentures. The global market is driven by the increasing adoption of dental implants for tooth replacement and growing dental tourism in countries such as India, Hungary, and Turkey.
Market Dynamics:
The dental implants market is estimated to witness high growth over the forecast period owing to a rapidly growing geriatric population worldwide and the rising preference for dental tourism. As per the UN statistics, the population aged over 60 years is projected to double from 12% to 22% between 2015 and 2050. As tooth loss is common amongst the elderly, the demand for tooth replacement treatments including dental implants is expected to surge significantly. Furthermore, countries such as India and Turkey have emerged as highly-preferred dental tourism destinations owing to availability of equally effective treatment at significantly lower costs. For instance, the cost of a single dental implant surgery in India can be 5-7 times lower than Western countries such as the U.S. or the U.K. Lastly, advancements in dental implant designs and surface technology have improved success rates and longevity of implants, thus boosting market growth.
Segment Analysis
The Global Dental Implants Market is segmented into product type and material. Based on product type, the market is classified as dental titanium implants, zirconium dental implants and others. Among these, the titanium dental implants segment held the largest market share in 2021 owing to their high biocompatibility, high corrosion resistance and mechanical strength. Based on material, the market is bifurcated into titanium implants and zirconium implants. The titanium implants dominate the market with around 70% share due to their relatively lower cost and better osseointegration properties.
PEST Analysis
Political: The favorable government policies and regulations supporting the dental implants procedures across major countries is driving the market growth. For instance, the US government provides reimbursements for dental implant surgeries under Medicare.
Economic: Rising disposable income and growing medical tourism in emerging nations are fueling the demand for cosmetic dental procedures involving dental implants.
Social: Increasing social acceptance of cosmetic dental treatments along with the rising focus on dental aesthetic appearance among population is positively impacting the market.
Technological: Advancements in digital dentistry, computer-aided implant treatment planning and robotic-guided implant surgery solutions have simplified the implant placement procedures boosting the adoption.
Key Takeaways
The global dental implants market size is expected to reach US$ 5,049.7 million in 2023, growing at a CAGR of 6.5% during the forecast period. The high growth can be attributed to the increasing number of tooth loss cases owing to rising incidence of dental caries and periodontal diseases.
Regional analysis: North America dominated the global market in 2021 and is expected to maintain its lead over 2023-2030 due to rising dental expenditure and availability of advanced treatment options in the region.
Key players: Key players operating in the dental implants market are 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.
Read More: https://www.rapidwebwire.com/dental-implants-market-size-and-share
