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How is Booming Life Sciences Sector Contributing to Growth of Dental Implants and Prostheses Market?
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The expansion of the aged patient pool has become one of the prime factors supporting the market growth. Edentulism, a tooth loss condition, is common among the elderly and one of the key factors that propel people to undergo dental implant procedures and intraoral scanning. Edentulism is caused by aging, periodontal disease, dental caries, and an unhealthy lifestyle. According to the 2019 World Population Ageing report, the global population of people aged 65 years or above will reach 1.5 billion by 2050 from 703 million in 2019.
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Another key factor shaping the dental implants and prostheses market growth is the expansion of the dental tourism industry. Dental tourism is becoming a trend in various countries, especially in developing nations, as they provide medical care at a lower cost than developed countries. People from developed nations prefer to travel to emerging economies to get the same treatment at a reduced cost. This industry is also advancing at a fast pace in developing countries because of the easy availability of advanced equipment and technologies in these nations through imports.
Geographically, Europe accounted for the largest market share in 2017, owing to the soaring demand for cosmetic dentistry procedures, escalating volume of dental implant surgeries, and growing awareness regarding oral hygiene. During the forecast period, the Asia-Pacific dental implants and prostheses market will demonstrate the fastest growth, due to the surging awareness on dental care, increasing cases of dental problems, and rising dental tourism activities. Moreover, a large number of old people in China and India are suffering from dental problems, which is driving the regional market growth.
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