Global Dental Implants Market is expected to register a CAGR of 4.6%and is anticipated to reach USD 6229.8 million by 2023.
Dental implant is the option for those people who have lost their tooth or teeth, owing to an injury, periodontal disease or some other reasons. It is an artificial tooth root that allow dentist to mount the replacement of teeth, by placing it into the jaw. The dental implant is a metal post made up of titanium which help in surgeries beneath the gums. According to a report published by the Centers for Disease Control and Prevention, in 2015, around 84.7% of children aged 2-17 years, have visited dentist for checkup, and more than 62.7% of adults aged above 65 years have visited dentist for dental implants.
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Global Dental implants Market – Overview
The global dental implants market is rising with a swift phase; mainly owing to increase in patient population. According to the World Health Organization (WHO), in 2014, around 30% of the older aged (65-74) population globally have lost their natural teeth, around 60-90% of the school children globally and nearly 100% of the adults were believed to have dental cavities, about 15-20% middle aged (35-44 years) adults have found to have severe periodontal disease. Increasing consumer awareness about technology associated with oral health and rapidly increasing population globally leads to the growth of the dental implant market. Dentistry as a branch of healthcare has also further expanded and developed in its sub branches resulting in specialist oral care depending upon the type of treatment required for the oral care. Major specializations are orthodontics, endodontics, prosthodontics, and periodontics
Companies are continuously inventing in new products to capture the market globally. Thus, major players invest more in research and development activities, in order to lead the global market. In this regards, Osstem Implant, in 2015, invested in research and development to push for invention in the field of dental implants and persistently develops state-of-the-art products and thus, becoming the leader and the ‘First Mover’ in global dental implant market. Osstem Implant is also focusing on the expansion of sales network globally, advancement in education programs, and strategies for marketing.
In 2016, Zimmer Biomet dental division has introduce new technology of dental implants, and there surgical and restorative components. The company introduce 3.1-mmD Eztetic implant, which add-on improvement on existing available implants. According to the company, this product achieved a 43% higher fatigue strength in comparison to selected competitive implants of similar technical features. Increasing in genetic population globally and consumption of tobacco are the factors that leads the market of dental implants. Moreover companies are more focus to capture the market.
Competitive Analysis
Institut Straumann AG (Switzerland), 3M (U.S.), Osstem Implant (South Korea), Nobel Biocare (Part of Danaher corporation (U.S.), Dentsply Sirona (U.S.), Zimmer Biomet (U.S.), CAMLOG Biotechnologies AG (Switzerland), Neobiotech Inc. (U.S.) are some of the leading players at the cutting edge of the competition in the market of dental implants, globally.
Global Dental Implants Market - Regional Analysis
The market of dental implants is much higher in the Americas region. There are huge population which are missing all their teeth in one or both jaws. According to a report published in 2014, by the National Institute of Dental and Craniofacial Research, government initiated the National Oral Health Plan to improve the quality of life of the Americans. Through this program they were focusing on change in public perceptions, change in policymakers' perceptions, and change in health providers' perceptions.
Europe is also considered a huge market for dental implants players, owing to presence of huge population affected with oral diseases. Governments are more focusing on educating their public in order to minimize the patient’s population by educating them about the relationship between mouth and rest of the body.
Asia Pacific and the Middle East and Africa region are considered untapped markets. Whereas, country like India and China of Asia Pacific region are considered as the fastest growing region due to presence of huge population suffering with oral health issues. Japan is well developed country and have well established healthcare system and technology, whereas developing countries are still focusing on new drugs and technology for the treatment of dental implants, this gap between the developed and developing countries will present significant growth opportunity for the dental implants market players in the coming years. Additionally, they are open to adopt new technology and best treatment option from developed countries in order to improve the quality of life for their public. Whereas, the Middle East and Africa are low growth market due to lack of investment.
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