Global Dental Implants Market Revenue was Valued At US$ 3,619.0 Million In 2016 and is Expected To Expand At a CAGR of 6.3%
Post 1952, the dental implants market has grown manifold creating significant market opportunity for the 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 expected between 1980 and 2010. However, with increased market competition and growing consumer base, companies all round the world 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. The dental implants market is projected to evolve more over the following 10 years than that in the previous 60 years.
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Dental implants market is expected to be primarily driven by various macroeconomic factors ranging from increased geriatric population, high per capita spending power, and decreasing cost for dental implants procedures worldwide. As per 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 based on advanced technologies.
Key takeaways of the market are:
Europe was 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 industry players 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 the 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. Hospital of Stomatology, Sichuan University, Hospital of Stomatology, PKU, Hospital of Stomatology, and Wuhan University are some of the leading specialist dental hospitals in China that carried out various dental implants procedures in 2015. 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.
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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, Global D, and MOZO-GRAU, S.A. are some of the key players in the dental implants market.
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