The global dental implants market is expected to grow substantially in the coming years owing to the rising awareness about oral hygiene and increased disposable income in developing economies. According to research performed by Persistence Market Research, in 2014, the global dental implants market stood at US$4508.9 million and is anticipated to reach US$7879.5 million by the end of 2020, growing progressively at a 9.7% CAGR between 2014 and 2020.
The Rising Need for Dental Implants
Dentistry, a branch of medicine specializing in the diagnosis and treatment of oral cavities, diseases, and dental disorders, is considered vital for the overall health of an individual. In spite of technological advancements in the dental care industry, millions of people across the globe still suffer from tooth loss and other dental conditions every year. Some of the key reasons behind this condition are gum diseases, tooth decay, and injuries. Till but a few years ago, dentures and bridges were the only options to mask missing teeth, to which dental implants have emerged as an ideal alternative.
Dental implants are essentially tooth roots installed as an alternative to the natural roots present in the gums. These implants offer a firm foundation for removable or permanent replacement teeth, which are made in order to match with the natural ones. Dental implants are embedded into the lower or upper jawbone through a surgical process.
Among several other metals, titanium-based dental implants hold the biggest market share at present and are further anticipated to grow substantially at a 9.8% CAGR between 2014 and 2020. The various types of dental implants include:
Root-form dental implant is the most used process across the globe.
Steps towards the Growth of Dentistry across the Globe
Some of the factors expected to boost demand for dental implants in the near future across the globe include:
People all over the world are becoming more concerned about their overall hygiene and appearance, due to which there is a tremendous rise in the demand for cosmetic dentistry.
Rising global geriatric population leads to several dentistry issues, which aids the growth of the dental implants market.
Technological advancements in the field of dentistry have fuelled demand for dental implants in many countries, which has created huge opportunities for multinational market players to expand their business horizon.
Mini dental implants, 3D laser dentistry, and computer aided design (CAD) are some of the recent technological advancements that are proving to be the definitive trend in this market. Moreover, medical tourism for dentistry in several countries such as Hungary, India, Thailand, Costa Rica, Mexico, and Malaysia is also on the rise, helping growth prospects of the global dental implants market.
On the other hand, lack of awareness of the dental implants process in several developing nations and limited reimbursement options for dental implants are the restraining factors expected to hamper the growth of the global dental implants market in the near future.
Europe is the largest regional market for dental implants. However, Asia Pacific is expected to grow at a swift pace owing to the rising aging population in this region. The fastest growing countries in the Asia Pacific dental implants market are India, China, and South Korea.