Dental Implants Market to Value US$ 5725.7 Mn at CAGR of 5.1% by 2026 | Exclusive Report by Fortune Business Insights
The global Dental Implants Market is likely to gain from the increasing geriatric population. Fortune Business Insights has published a report, titled “Dental Implants Market: Global Market Analysis, Insights, And Forecast, 2019-2026.” According to the report, in 2018 the global market was worth US$ 3870 Mn. The market is anticipated to progress at a CAGR of 5.1% and reach US$ 5725.7 Mn by the end of 2026. The report also offers a comprehensive overview of the global market.
In terms of material, the titanium segment was dominating the global market in 2018. The segment is foreseen to grow at a relatively higher CAGR. Tanium is also anticipated to emerge dominant over the forecast period 2019-2026. Titanium is flexible and suitable in most of the conditions unlike other material such as Zirconium. Moreover, titanium is non allergic and biocompatible, this is expected to fuel the demand for dental implant procedure.
An Overview of the Impact of COVID-19 on this Market:
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Europe to Dominate the Market Owing to Rising Adotion of Dental Implants
Europe emerged dominant in the globaol Dental Implants Market in 2018. The Europe market was valued at US$ 1548 Mn in 2018. The region is likley to emerge dominant over the forecast period also. High presence of dental implant manufacturers and rising adoption of dental implants are some factors expected to contribute towards market expansion. Furthermore, favourable reimnursement policies in the region is likely to enable growth. North America is forseen to progress at a relatively higher CAGR. The region is also anticipated to hold the second highest share in market during the forecast period, owing to the increasing patient pool. Besides this, the Dental Implants Market in Asia Pacific is likley to expand at a faster rate. Rising adoption of medical tourism in nations such as India and China is foreseen to increase the growth in global market.
Increasing number of patients, backeed by high adoption of sedenteray lifestyle is a factor anticipated to drive the global market. Technological upgrades in the dental implant equipment and material is further expected to encourage the adoptiohn of dental implants.
On the contrary, side effects associated with metal implants and high cost involved in dental implant procedure are a few factors that may hamper the growth in the globaal market.
Titanium Segment to Dominate Global Market
Innovation in the implant’s material and dental implant equipment is a factor expected to drive the global market during the forecast period. Furthermore, increasing dental problems backed by the adoption of sedentary lifestyle is fueling the demand for the dental implant procedure.
In terms of implant material, the market is classified as titanium, zirconium, and others. The titanium segment held lions share in the global Dental Implants Market in 2018. The segment is also expected to expand at a faster rate and emerge dominant over the forecast period. Unlike other materials, titanium is highly suitable among various dental procedures. Titanium further offers biocompatibility and non-allergic nature. This is anticipated to fuel the demand for titanium in the dental implant procedure.
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