Dental Implants Market Shows Future Growth With Leading Key Players like DENTSPLY Implants, Bicon Dental Implants, Lifecore Dental Implants, and Implant Innovations
Cosmetic and dental issues arise as a result of aging. According to National Institute of Dental and Craniofacial Research, geriatric population (aged 65 years and above) have an average of 18.9 remaining teeth, in turn creating a highly lucrative market for dental implants. Technological advancements coupled with high demand for dental implant procedure has resulted in a highly lucrative market characterized by high profit margin for players across the value chain. Advancements in technology allow for implants in people without a proper structured or weak jawbone. In 2015, dental implants accounted for over 15% share of global dental device market revenue.
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With changing market dynamics, companies are emphasizing on product innovation and strengthening of distribution channel to sustain and expand their business reach worldwide. Various macroeconomic factors such as increased geriatric population, growing focus on aesthetics, rise in out-of-pocket spending, and establishment of quality healthcare institutions are expected to bolster sales of dental implant devices worldwide. On an average, over 20% of population in EU is aged over 65 years. Moreover, EU spends nearly 9% of its GDP on healthcare. Increasing consolidation, technological advancement, and company laying emphasis on strengthening distribution channels are some of the key dental implants market trends.
Dental implants are witnessing steady growth in demand, owing to rise in geriatric population and higher inclination of the populace towards maintaining aesthetic looks. Post the invention of dental implants in1954, the dental implants market revenue has grown manifold and is still highly lucrative for market players. Demand for dental implants is steadily increasing as the procedure offers a perfect solution for artificial teeth surgically imbibed in upper and lower jawbone.
Dental implants market witnessed a very sluggish growth in terms of innovation post-1957. However, post 2000, many new companies emerged in the market leading to fierce competition among players in a highly fragmented industry. As a result, companies are emphasizing on product innovation to sustain and expand their global market presence. For instance, in 2016, Israel–based Magdent launched a miniature electronic device (MED) capable of accelerating bone growth three times faster than normal. The product is yet to receive approval from the U.S. FDA.
Global Dental Implants Market, By Product Type:
Global Dental Implants Market, By Technique:
• Root form
Global Dental Implants Market, By Population Demographics:
Global Dental Implants Market, By End Use:
• Dental Labs
Europe is expected to dominate the market throughout the forecast period. The region is expected to account for 30.8% of overall market share by 2024. Competition in dental implants market has increased primarily between Straumann and DENTSPLY Implants. According to Europa, over 25% of the population in Europe is expected to fall under geriatric age group by 2020. This coupled with high discretionary income in the region is expected to continue to position the region as a highly lucrative market for dental implants. Germany is one of the key markets for dental implants. The country spends highest per capita income on teeth than any other country in Europe.
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Asia Pacific, followed by Latin America is expected to register fastest CAGR between 2016 and 2024. Asia Pacific market growth is primarily driven by increasing number of dental implants procedure in China, India, and Japan. India dental implants market is expected to register highest regional CAGR over the forecast period.
What Information does this report contain?
• Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2024.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7 year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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