The dental implants market is estimated to be valued at US$ 5,049.7 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental implants are artificial tooth roots that are inserted surgically into the jaw bone to hold replacement teeth. They are made of titanium and other materials that are compatible with the human body. Dental implants can be used as an option for tooth replacement for patients who have lost one or more teeth.
Market Dynamics:
Increasing demand for prosthodontic treatments: Loss of natural teeth significantly impacts a person's quality of life. Dental implants offer a long-term solution for missing teeth as compared to removable dentures. They help restore natural function and aesthetics of missing teeth. Growing awareness about the benefits of dental implants is fueling the demand for prosthodontic treatments using implants. Rising concern about appearance and confidence is another factor propelling the market growth.
Growing geriatric population: Age is one of the major risk factors for tooth loss. With the rising geriatric population worldwide, the number of people experiencing tooth loss is increasing at a rapid pace. According to the UN, the population aged 65 years and above is projected to reach 1.5 billion globally by 2050 from 703 million in 2019. The growing aged pool is expected to increase the demand for dental implants for tooth replacement over the forecast period.
SWOT Analysis
Strength: Dental implants have high success rate and can restore functionality of missing teeth similar to natural teeth. They provide greater stability and chewing ability compared to bridges and dentures. Advanced ceramic and titanium materials used in implants have high biocompatibility.
Weakness: Initial dental implant treatment has high costs. Implant surgery requires skills and experience of highly qualified dentists. There are risks of implant failures and infections during healing period. Patients with certain medical conditions may not be eligible for implants.
Opportunity: Rising incidence of tooth loss due to oral diseases, accidents and aging population. Increasing demand for cosmetic dentistry to enhance smile and appearance. Development of new implant designs and surfaces to reduce healing time and costs.
Threats: Complications during surgery and post surgical care. Growing popularity of low-cost dental treatments and medical tourism in developing nations.
Key Takeaways
The Global Dental Implants Market is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing incidence of tooth loss and rising awareness about oral healthcare.
Regional analysis: North America dominated the global dental implants market in 2023 with a share of over 35%, attributed to availability of advanced treatment options and rising dental expenditure. Asia Pacific is projected to witness fastest growth during forecast period, due to growing medical tourism industry and increasing discretionary spending on cosmetic dentistry in China and India.
Key players: Key players operating in the dental implants market include DENTSPLY Implants, Straumann AG, Bicon Dental Implants, Anthogyr, KYOCERA Medical Corporation, Lifecore Dental Implants, Zest Anchors, Implant Innovations Inc, BioHorizons IPH, Inc., Neobiotech USA. Inc., Sweden & Martina, TBR Implants Group, Global D, and MOZO-GRAU, S.A. Companies are focusing on new product launches and strategic collaborations for geographic expansion.
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