Dental Implants Market 2019 Global Trend, Segmentation and Opportunities - Forecast to 2023
Dental Implants Market Growth Assisted By Improving Reimbursement Schemes and Rising Geriatric Population
Key Players
3M, Institut Straumann AG, Osstem Implant, Dentsply Sirona, Nobel Biocare (Danaher Corporation), Neobiotech USA Inc, Zimmer Biomet, and CAMLOG Biotechnologies AG are among the leading market participants that have been included in MRFR's dental implant market report.
Dental Implants Market Size Analysis
Dental implants are usually metal based posts which allow dentists to surgically position replacement teeth in cases where teeth have been lost due to periodontal diseases or injury. Market Research Future's analysis of the market reveals healthy growth for the market at a CAGR of 4.6% during the assessment period ranging between 2016 and 2022. Growth of the market at the projected rate is expected to result in a market value of USD 5, 944.2 Mn by the end of 2022. Metals used in dental implants include titanium and zirconium. These materials offer superior strength and are nonreactive, thus making them ideal. Dental implants behave like an artificial root which hold the teeth without affecting surrounding teeth.
The global market for dental implants is driven primarily due to a widespread and drastic increase in awareness regarding oral health. Moreover, the presence of a gradual, but consistently expanding geriatric population is expected to propel market growth. Moreover, reimbursements regarding dental work have become increasingly supportive of dental implants. This in tandem with the high demand for aesthetic quality of teeth is responsible for the ongoing growth of the dental implants market. Cosmetic dentistry is growing at a rapid rate and the focus on physical aesthetics grows. The presence of advertising for dental services and the like on a variety of platforms has been encouraging consumers to seek out dental help with various problems such as missing teeth or crooked teeth, among others. Another factor which notably impacts the dental implants market is the ongoing involvement of market players in the innovation and development of advanced oral solutions for dental professionals which make dental implants more efficient to put in and use. The ongoing advancement of the same is likely to open up the market to new opportunities in the coming years.
Market Segmentation
MRFR's analysis of the dental implants market includes segmentation of its various vital components which has been performed on the basis of procedures, types of materials, end-user, and regions. Procedures used in the dental implants market are broadly segmented into plate-form dental implants, root-form dental implants, and others.
Types of materials used in dental implants include titanium implants, zirconium implants and others. The titanium implants segment is at the forefront of the market with the largest share. This hypoallergenic and non-reactive material is strong and highly conducive for use in dental implants.
End-users of dental implants include dental research laboratories, dental hospitals and clinics and others.
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Regional Analysis
The regional break-up of the global dental implants market segments the market into Asia Pacific, North America, Europe, and the Rest of the World. North America leads the market with the largest share of 37.6% of the global market. The regions large patient population with teeth problems particularly missing teeth. Government programs to support and improve quality of life via dental implants are helping the market grow in the region. Moreover, developed economies make up a large part of the region and have well-established healthcare sectors.
Europe is another rapidly growing market due to the presence of a large geriatric patient population. Rising government spending on healthcare is another driving factor of the European dental implants market.
The Asia Pacific and some markets in the Rest of the World are rife with untapped potential. These regions are growing at a rapid pace due to economic development. Rising healthcare expenditure and increasing healthcare reforms are expected to assist market growth. Moreover, with rising medical tourism and the increasing adoption of advanced healthcare technologies equal to those available in developed economies in the West are expected to propel market growth for the Asia Pacific dental implants market.