ID: MRFR/MED/2037-CR | July 2019 | Region: Global | 74 pages
Market research Future (MRFR) provides the latest Dental Implants Market statistics, based on extensive research. In conclusion, MRFR anticipates that the dental implants market size cam touch USD 6229.8 Million by 2023.
The COVID-19 outbreak and the lockdown have forced dentists to close down their clinics and opt for telehealth and phone consultations. Dentists, such as endodontists, are avoiding giving physical therapy since they are at higher risk of being infected by SARS-CoV-2. Dentists are at greater risk of contracting nosocomial infections, which makes them carriers of the novel coronavirus. With the unrelenting spread of the COVID-19 pandemic, dental professionals are reluctant to continue business despite the provision of a separate kit as well as disinfectants. This has brought a decline in dental care across the world, and negatively impacted the dental implants market.
Mounting Popularity of Cosmetic Dentistry to Bolster Growth
Cosmetic dentistry in recent years has been gaining prevalence at a steady pace, with tooth-whitening procedures witnessing significant demand. Non-metallic onlays and inlays, veneers, bonding agents and dental crowns are some of the most sought after cosmetic products among consumers. The field has sparked the interest of a number of vendors, while governments are increasingly undertaking initiatives to support the same. For instance, the National Oral Health Program by the Indian Dental Association was introduced to boost oral healthcare via equitable and synergistic distribution of advanced oral health facilities, while forming an alliance with public as well as private sectors. These sorts of activities are raising the awareness level among the mass, and have therefore resulted in dental industry growth.
Other growth rendering factors can be the alarming rise in dental injuries due to surge in road accidents as well as sports injuries. Growing cases of tooth decay paired with technological advances in dental implants also boost the market demand. In the past couple of years, the smile restoration technique has gained traction among consumers, especially among individuals aged 40–55 years. Dental implantology has emerged as a fast-expanding segment in the dental implants market and is one of the top growth boosters.
Emergence of the 3D Printing Technology to offer Attractive Opportunities
The 3D printing technology has been observing massive demand among dental professionals as it helps develop accurate surgical guides to precise specifications in a very short period, compared to other conventional methods. The technology offers orthodontic and other dental surgeons the ability to make surgical maps for each patient in only a few hours, thereby accelerating the overall surgical process, and ensuring the patient’s safety.
High Risk of Tooth Loss from Dental Bridges to Act as a Restraint
In some cases, dental bridges lead to worsening of the bone around the tooth or teeth, which deteriorates the overall bone structure. This primarily boosts the likelihood of dental plaque accumulation around the teeth, and ultimately causes tooth decay as well as related gum diseases. Given these side effects of dental bridges, their demand is expected to decline in the coming years and restrain the overall growth of the dental implants industry.
High Costs and Unfavorable Reimbursement Scenario to Challenge Players
Over the years, the costs associated with dental care have escalated significantly, even more rapidly compared to the costs of the entire medical care. Dental implants, treatment costs are considerably higher than other products and the situation is worsened by the unfavorable reimbursement scenario across various countries. As a result, patients have to opt for treatment options that are restricted to their spending capacity. This has emerged as a huge challenge for the leading players in the dental implants market.
Cumulative Growth Analysis
Market Size to Burgeon at a Decent Rate
MRFR expects the global dental implants market to record a CAGR of 4.6% between 2016 and 2023, with the key reason identified as the rising burden of dental diseases as well as dental trauma across the globe.
Flexible Foam to Secure the Leading Position
MRFR’s dental implants market research focuses on a few key types of materials, namely zirconium and titanium. The titanium dental implants market is highly lucrative owing to the biocompatible nature of titanium’s pure form, which bolsters its demand.
Root Form Dental Implants Observe Highest Demand
Top procedures studied in the dental implant market analysis are root-form dental implants as well as plate-form dental implants. Root form implants observe significant demand worldwide, since these implants are designed using titanium, which are completely biocompatible with the body.
Hospitals & Clinics Segment to Take the Lead
Some of the key market end-users are dental research laboratories, hospitals & clinics, and others. The hospitals & clinics segment, in 2016, had touched USD 4,013.80 million.
North America to Emerge as the Most Profitable Market
North America dental implants market is all set to secure the leading position over the next few years, thanks to the presence of well-organized distribution channels along with the high out-of-pocket spending by consumers on the latest devices. The region also gains from the significant expansion of the dental cosmetic sector in the US, in light of the escalating demand among baby boomers and millennials for smile correction and various other aesthetic procedures.
APAC to Exhibit the Fastest Growth Rate
APAC (Asia Pacific) will most likely procure the fastest growth rate during the evaluation period, as a result of the mounting awareness level and accessibility among consumers of advanced products. In the region, South Korea seized a share of 18% in the year 2016. Surge in edentulous, burgeoning elderly population and the growth in medical tourism on account of unfavorable reimbursement schemes in countries such as the US gives a boost to the number of tooth replacement procedures in the region. The soaring use of CAM/CAD technology along with the soaring number of well-equipped dental clinics in the region also propels the market position in the region.
Competition Intensifies as Top Firms Introduce New Novel Products
Most of the firms with a healthy dental implants market share focused on adopting strategic tactics like launch of new novel products customized as per the consumers’ requirement, collaborations, mergers, partnerships, and acquisitions to strengthen their leadership in the global market.
Dentsply Sirona (US) is reputed dental implants market company that delivers premium dental implants, digital planning, restorative and regenerative solutions as well as educational programs. It is one of the top 5 US dental implants firms & market share they occupy in the country is quite substantial, in view of the broad range of advanced dental product solutions they it offers, with the key focus area being the patients’ oral health.
Scope of the Report
MRFR’s research on world dental implants market - opportunities and forecasts are covered with respect to material, procedure and end-user along with the key regions. The dental industry statistics, revenue and current trends are also highlighted in the scope of the report. Dental implant companies market share on a global as well as regional scale are also given in the report.
Type of Material
Frequently Asked Questions (FAQ) :
Dental Implants Market is expected to reach a valuation of more than USD 6.2 billion by 2023.
Dental Implants Market is expected to exhibit a solid 4.6% CAGR over the forecast period from 2017 to 2023.
The increasing prevalence of oral diseases and dental trauma is the major driver for the dental implants market.
North America is the leading regional market for dental implants.
Leading players in the dental implants market include BEGO, 3M, Dentsply Sirona, Osstem Implant, and Bicon LLC, among others.