The global dental implants market is anticipated to reach at USD 6.81 billion by 2024; says the findings of a recent research report published by Grand View Research, Inc. The market is anticipated to register a healthy CAGR of around 7.7% during the forecast period i.e., from 2016 to 2024. Increasing demand for tooth or teeth replacement, for enhanced aesthetics, is expected to be the key factor driving the global market growth. Moreover, rising cases of dental injuries caused due to sports injuries and road accidents are also contributing toward the expansion of this market. In addition, increasing scope of application of dental implants in different therapeutic areas coupled with the escalating demand for prosthetics is also one of the major factor driving global market in near future.
The global dental implants market is categorized on the basis of product type and region. On the basis of product type, the market is bifurcated into zirconia implants and titanium implants. Titanium implants dominated the product type segment in the past as they offer cost-effective solution for dental implant treatments. However, the segment may register slightly sluggish growth as these implants are prone to corrosion. The zirconia implants segment, on the other hand, is projected to witness a growth rate of nearly 8.0% during the forecast period. The major reason propelling this growth is the anti-corrosion properties of zirconia that acts as an added advantage for dental implant surgeries.
Full Research Report On Dental Implants Market Analysis:
On the basis of geographies, the market is divided into Asia Pacific, North America, Europe, Middle East and Africa (MEA), and Latin America. In terms of revenue, the Europe region dominated the global dental implants market in the past. Presence of a large pool of geriatric population is the key factor behind the region’s growth. According to a 2011 report published by the National Center for Health Statistics, almost half of the population in this region was suffering from periodontitis and 70% to 85% of this population was between age group of 60 and 65 years.
The United States region in North America accounted for a significant market share in 2016 as a result of higher number of dental implant cases per year. The region is projected to further witness significant expansion over the next few years. High healthcare expenditure due to higher rate of affordability for dental implant surgeries in the region is expected to be the prominent factor driving the regional market growth. In addition, strong presence of major market players such as DENTSPLY Sirona and Zimmer Biomet is also anticipated to contribute toward the growth of the regional market for dental implants market in the forthcoming years.
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The Asia Pacific region is expected to be the fastest-growing regional market over the forecast period. Some of the major factors supporting the growth of this region include rising economic stability and increased disposable income levels in emerging economies such as Japan, India and China. In addition, increasing geriatric population base prone to osteoporosis and calcium deficiency is also anticipated to drive the dental implants marker demand in the forthcoming years. Furthermore, growing number of implantologists and dentists in the region, particularly in China, is also likely to contribute toward the development of the regional market in near future.
Some of the major companies operating in the global market for dental implants include KYOCERA Medical Corp.; Zimmer Biomet Holdings, Inc.; Nobel Biocare Services AG; T-Plus Implant Tech. Co.; and DENTIUM Co., Ltd. Most of these companies focus on market strategies such as development of innovative products and technologies, mergers and acquisitions activities, and partnerships or collaborations to strengthen their market position. For example, DENTSPLY International Inc. recently merged with Sirona Dental Systems Inc. for diversification of their dental products. In another recent market development, Zimmer Dental launched Zimmer Zfx CAD/CAM Abutments in titanium in collaboration with Zfx. This activity is expected to strengthen global presence of the company in the field of digital dentistry.
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