Dental implants are artificial tooth or tooth roots that are surgically placed into the upper or lower jaw to support restorations like crowns, bridges, dentures or retainers. Dental implants provide support for these types of dental restorations, replacing the root function of natural teeth. They are particularly durable and feel and function like natural teeth as food isn't restricted.
The global Dental Implants Market is estimated to be valued at Us$ 5727.5 Mn in 2023 and is expected to exhibit a CAGR Of 2.8% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rising geriatric population globally has increased the demand for dental implants significantly as dental issues are more prevalent with age. As per the United Nations Population Fund report, the number of people aged 60 or above will double to nearly 2.1 billion in 2050 from the 2017 figure of 962 million. Older adults require dental implants extensively for tooth loss or wear and tear, thus driving the dental implants market growth over the forecast period.
Increased awareness campaigns by major market players highlighting the benefits of dental implants over removable dentures or bridges is also contributing to the market growth. Dental implants look and function very similar to real teeth and provide advantages like better confidence in smile and speech while preventing further bone loss. Moreover, procedural advancements in 3D X-ray scans and guided surgeries have simplified implant placement, attracting more patients.
SWOT Analysis
Strength: Dental implants have high success and survival rates with more than 90% success rates after 1-5 years. Implants can support bridges, dentures or a full set of teeth providing improved function compared to other solutions. Dental implants are a permanent solution as they fuse with the jawbone over time providing long lasting results.
Weakness: Dental implant procedures are expensive compared to other dental treatments like bridges or dentures. The high cost of dental implants pose limitations for many patients. There are also occasional risks of infection or implants failing to fuse with the jawbone requiring revision surgery in rare cases.
Opportunity: Rising demand for cosmetic dentistry is driving growth for dental implants to replace missing teeth. Growing popularity of implants among younger demographics expand the patient pool. Advancements in implant materials, surface modifications, techniques are improving success rates to appeal more customers.
Threats: Socio-economic pressures during economic slowdowns may reduce discretionary spending on dental care limiting implant sales. Stringent regulations delay new product approvals increasing development costs for companies. Alternative dental correction methods gaining ground pose competition to implants.
Key Takeaways
The Global Dental Implants Market Demand is expected to witness high growth over the forecast period supported by rising rates of tooth loss population aging. The global dental implants market is estimated to be valued at US$ 5727.5 Mn in 2023 and is expected to exhibit a CAGR of 2.8% over the forecast period 2023 to 2030.
North America currently dominates the market benefiting from favourable reimbursement policies and higher consumer willingness to spend on dental care in countries like the United States. However Asia Pacific is poised to be the fastest growing region propelled by expanding base of middle income populations in large economies like China and India driving demand for implants to restore missing teeth.
Key players operating in the dental implants market are Straumann, Danaher Corporation, Dentsply Sirona, Henry Schein Inc., Osstem Implant. Smaller players are also engaged in new product development and geographic expansion to gain share. Rising popularity of cosmetic dentistry especially among younger demographics are driving innovations to make implants more functional and aesthetically pleasing. However, average selling prices remain high limiting adoption in price sensitive emerging markets. Strong marketing campaigns by leaders as well as regional players aim to educate more consumers on the benefits of dental implants versus alternatives and increase acceptance rates over the long term.
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