Press release
Dental Implants Market is Anticipated to Grow at A Sluggish CAGR of 7.1% by 2027- TMR Study
The dental implants market is witnessing remarkable growth, propelled by the rising prevalence of dental caries and an increasing preference for dental implants over traditional procedures. Despite challenges related to costs, this market, valued at US$4.08 billion in 2018, is projected to expand at a steady CAGR of 7.1% from 2019 to 2027.The global dental implants market is experiencing a significant upswing, primarily driven by the persistent prevalence of dental issues and a shifting preference toward dental implants as an innovative and durable solution. Despite cost-related challenges, the market continues to grow, promising transformative advancements in oral healthcare.
Drivers of Market Growth
Rising Dental Caries Incidence: Dental caries remain a prevalent oral health concern, affecting a substantial percentage of the global population, especially schoolchildren and adults. The increasing incidence of dental cavities and periodontal conditions, compounded by lifestyle changes and an expanding geriatric demographic, significantly contributes to the demand for dental implants.
Growing Geriatric Population: The expanding elderly population, estimated to reach around 2 billion by 2050, particularly in developed nations, propels the demand for dental implants. The surge in tooth loss cases among the aging demographic fosters the necessity for effective dental solutions.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) -
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Global Competitive Landscape
Key Players and Market Strategies: Major players in the dental implants market, such as Straumann Holding AG, Dentsply Sirona Inc., Zimmer Biomet Holdings, Inc., and Danaher Corporation, employ strategies such as product innovation, regulatory approvals, and collaborative agreements to bolster market growth.
Preference Shift towards Dental Implants
Advantages Over Traditional Procedures: Dental implants, serving as artificial tooth roots, offer a range of benefits, including preserving jaw structure, avoiding discomfort during eating or speaking, and a natural appearance. Compared to conventional methods like bridges or dentures, implants are increasingly preferred for their long-lasting and minimally invasive nature.
Anticipated Uptake in Procedures: Despite being a relatively new technology, dental implants are poised for rapid adoption in the future. The growing awareness of their advantages is likely to drive a surge in dental implant procedures globally.
Challenges Impeding Market Growth
Cost Factor: The cost of dental implant procedures presents a significant challenge. Varying treatment specifics and customization render expenses unique to each patient, making the procedure relatively expensive. Cost constraints, especially in regions like Asia, limit market growth.
Notable Industry Developments
Innovative Product Launches: Collaborations like Zfx and Zimmer Biomet's GenTek line and strategic acquisitions, as seen with The Straumann Group's acquisition of Same Day Solutions, signify the market's trajectory towards technological advancements and market expansion.
Market Penetration Strategies: Moves like Henry Schein, Inc.'s agreement with Dental Cremer S.A. demonstrate efforts to strengthen footholds in regions like Brazil, highlighting a strategic approach to market expansion and dominance.
The global dental implants market is witnessing remarkable growth due to increasing oral health awareness and a surge in demand for innovative solutions. Despite cost-related challenges, the market continues to evolve, driven by technological advancements and strategic initiatives by key industry players. With a growing preference for dental implants and ongoing developments, the future promises transformative advancements in oral healthcare accessibility and quality worldwide.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ -
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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