Global Dental Implants Market To Surpass US$ 6269.8 Million By 2024

The Global Dental Implants Market was valued at US$ 3,403.1 million in 2015, as analyzed by Coherent Market Insights in its latest detailed report about the same. Increased out-of-pocket expenditure along with rise in aging population and patient-focused innovation are expected to create lucrative market opportunities for industry players.

Post-1952, the dental implants market has grown manifold creating significant market opportunity for industry players. As a result, many players have emerged in this highly fragmented industry. Though the industry players have immense market potential in terms of total addressable market, sluggish growth in terms of innovation has led to relatively lower CAGR than initially projected between 1980 and 2010.
However, with increased market competition and growing consumer base, companies globally have accelerated product innovation and launches. For instance, Nobel Biocare launched over three new implants in the market to sustain its market position post-2012. Magdent—an Israel-based company—launched miniature electronic device (MED) that is capable of accelerating growth of dental root three times faster than usual. 3D dental printing is a fast emerging segment that is expected to gain major traction in the near future.

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The FDA cleared the first ever robotic system Yomi for dental implant procedures in March 2017. Developed by Neocis can reduce surgery time, provide guidance both physically and visually and improve accuracy. This is an innovative technology that would shape the growth of the dental implants market in the near future.

Eating junk food increase the risk of dental issues. The need for dental procedures increases with age due to teeth loss. According to the World Health organization (WHO) 2012 estimates, worldwide around 30% of people aged 65-74 years had no natural teeth. Periodontal disease, caries, and tooth fracture are the major factors responsible for tooth loss. Nearly 19% of the U.S population aged 65 years and above were edentulous in 2011-12 (CDC). The prevalence was higher in the senior age group - 13% in the age group of 65-74 years, while it was reported to be 26% in population aged 75 years and above.

Moreover, as per the World Bank estimates, geriatric population is growing three times higher than overall population growth in U.S. The trend is somewhat similar across all regions, including Europe and Asia Pacific. According to Europa, over 25% of the Europe population is expected to be aged over 65 years by 2020.

Market players can capitalize on highly lucrative growth opportunities in the market by strengthening their distribution channels, especially in emerging economies and focusing on introducing innovative and cost-effective products.

The dental implants market players, however, would be facing competitive heat from the emerging tooth regenerative technique. This innovative non-invasive technique is under research and if commercialized would drastically change the entire market scenario. Thus, market players need to research the next wave of dental implants products/technology such as 3D printing, or collaborate with institutes researching on tooth regeneration and gain significant market share thereon.

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Key takeaways of the market:

• According to the American Academy of Implant Dentistry, over 35 million Americans do not have teeth in one or both jaws. Nearly 3 million implant procedures are performed every year in the U.S. and the number increases by 500,000 every year. This would be potential market opportunity for dental implant market players.

• Europe accounted for around 34.1% of overall dental implants market revenue in 2016. The region market growth is expected to be primarily driven by Germany. There are over 88,000 dentists in the country. Germany has a well-established network of dental clinics and favorable reimbursement scenario. Straumann AG and DENTSPLY Implants are key industry players operating in Germany.

• Market in Asia Pacific, followed by Latin America, is expected to register highest growth rate over the forecast period. China and Japan collectively accounted for 64% of overall Asia Pacific dental implants market in 2016. Significant presence of geriatric population coupled with increased awareness among consumers is expected to create lucrative market opportunity for players in the dental implants market in these countries.

• In China, dental implants market outlook is optimistic, as dental care service is offered by both hospitals and standalone clinics in the region. Dental implants market in China has grown drastically albeit characterized by high costs for procedure. As per Coherent Market Insights, there are around 27,000 dental care delivery organizations in China. Though, there are no general reimbursement policies for dental implants under social insurance, some insurance companies are coordinating with dental implant service providers for fixed insurance coverage of US$ 1,444. Such trend is expected to create positive factor for growth of dental implants market in the country.

• Dental implants market in China is highly consolidated with leading players Straumann, Dentsply, Fraiadent, Biomet, and Biocare accounting for over 80% of the market in the country.

• DENTSPLY Implants, Straumann AG, Bicon Dental Implants, Anthogyr, KYOCERA Medical Corporation, Lifecore Dental Implants, Zest Anchors, Implant Innovations Inc, and BioHorizons IPH, Inc., Neobiotech USA. Inc., Sweden & Martina, TBR Implants Group, and MOZO-GRAU, S.A. are some of the key players in the dental implants market

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This release was published on openPR.