July 21, 2024
Dental Implants Market

Dental Implants Market is Estimated To Witness High Growth Owing To Rapidly Increasing Patient Pool for Dental Care Across The Globe

The dental implants market is estimated to be valued at US$ 5,049.7 million in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Dental implants are the artificial tooth roots that are surgically placed in the jaw to hold replacements for missing teeth or bridge. They restore the normal function and feel of natural teeth and are a popular tooth replacement option. They help in keeping surrounding teeth strong and prevent excess bone loss when a tooth is extracted.

Market key trends:
Rising cases of oral diseases such as dental caries, gingivitis, and periodontitis coupled with growing geriatric population are some of the major factors driving the dental implants market growth. According to the Global Burden of Disease study, oral diseases affected approximately 3.5 billion people worldwide in 2015. With increasing life expectancy and growing awareness about oral care, people are opting for aesthetic as well as functional options like dental implants for tooth replacement. Additionally, technological advancements inCAD/CAM systems for designing personalized dental restorations and 3D printing for manufacturing dental implants have increased the demand for dental implants over the years.

Porter’s Analysis

Threat of new entrants: The high costs associated with R&D, production, marketing and distribution pose significant barriers for new players entering the dental implants market.

Bargaining power of buyers: Individual consumers have moderate bargaining power since there are several established players offering dental implants at varying price points.

Bargaining power of suppliers: The key raw materials required for dental implants including titanium, zirconia and plastics are produced by a few specialized suppliers globally leading to moderate bargaining power.

Threat of new substitutes: Alternatives like bridges and dentures offer some competition but implants provide better functional outcomes and aesthetic appeal leading to low threat of substitutes.

Competitive rivalry: The dental implants market is consolidated with major players actively investing in new product launches and global expansion to gain market share.

SWOT Analysis

Strengths: Dental implants offer a long-lasting alternative to missing teeth and restore confidence and function. Technological advancements have improved success rates.

Weaknesses: High costs of implants can limit their adoption. Surgical procedures involve risks and post-operative visits.

Opportunities: Rising number of aging populations and prevalence of edentulism present an expansion avenue. Emerging markets will drive future demand.

Threats: Stringent regulations can delay new product approvals. Reimbursement issues impact market access in certain regions.

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 prevalence of tooth loss globally. The US dominates the market currently owing to favorable reimbursement policies and demand for advanced dental technologies.

Regional analysis: North America will continue dominating the dental implants market over the forecast period. Meanwhile, Asia Pacific is likely to emerge as the fastest growing region owing to growing medical tourism and increasing disposable incomes in major countries like China and India.

Key players: Key players operating in the dental implants market are 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, and Global D, and MOZO-GRAU, S.A. Strategic collaborations and technological innovations will shape the competitive landscape.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it