Dental Implant Market Overview:
The Global Dental Implant Market was valued US$ 3.9 bn in 2020 is expected to reach US$ 7.2 bn by 2027, with a growing CAGR of 9.2 % during the forecast period (2021-2027).Dental implants are known as replacement of lost tooth. Implants act as a strong foundation on the base of lost tooth. The success rate of implantation depends upon where the implants are placed. About 98% of dental implants are proved to be successful till date. The advantages of dental implants include: Improvement in facial structure, speech, ease in eating, improve self-esteem, durability, oral health and hygiene. Increase in dental problem amongst population including children, geriatrics age group an oral hygiene is responsible for rise in demand for dental implants and dentistry procedures. Provided, the awareness and acceptance of prosthetics, the demand for implants helped in re-establishing the oral and facial movements of the patients.
Rise in disposable income and inclination towards the cosmetic dentistry has triggered the demand of dental implants among people. Globally, there is increase in demand for dental treatments like restoration, aesthetic procedures, polishing etc. Acceptance of cosmetic dentistry is booming across the globe due to change in life style. Over the years, the smile restoration techniques are known amongst all age group people, especially for age group of 45-55 years. Dental implantology is one of the most fast-growing segments in dental implant market which expects to account high share of overall dental implant market.
The Global Dental Implant Market Segmentation:
By Geographical Region
Based on material, titanium segment is expected to dominate the future dental implant market
Titanium held the largest market revenue in 2020 with the wider use of titanium based dental implants. Titanium is highly biocompatible and harmless to the soft gum tissue. According to NCBI, the use of dental implants made up of titanium and its alloys is very well accepted and known across countries and this is considered to be material of choice of dentists.
Other than titanium, zirconium is expected to grow fast over the forecast period. It resembles same as titanium in nature and considered to be second choice of material. Titanium is made up of either one- or two-pieces system and zirconium is made up of one-piece system.
Based on geographical region, North America is expected to hold largest revenue in dental implant market during the forecast period
North America held the largest market share due to high acceptance of dental implants, local presence of market players, and supportive insurance policies for dental treatments.
Asia-Pacific is expected to grow at a faster rate in coming years due to prese of large number of population, increase in healthcare spending, and rise in number of patients with dental problems in children and geriatric population. The region is well known for its cost effective treatment, hence medical tourism is also increasing. This helps to accelerate the market growth.
From the developing countries, India’s dental implant market is expected to grow with highest CAGR over 2027. India consists of more than 4000 dental laboratories with around 400 dental academic and research institutes and > 150000 of dentists. This elevates the economic growth and provide opportunity for dental implant industry players. To this, government imitative of “Make in India” boost the growth of health care manufacturing units and dental industries in the country.
Company Profiles and Competitive Intelligence
The key players operating in the market are:
The report also provides in-depth analysis of dental implant market dynamics such as drivers, restraints, opportunities, and challenges
COVID-19 Impact on the Dental Implant Market Analysis
Covid-19 has highly affected the industries in terms of growth, economy, health and mental wellbeing of every individual. In this challenging situation, every industry is trying to give best services in terms of quality and safety. This has adversely impacted medical device industries especially elective surgical equipment's and procedures. In case of dental treatments and surgeries, it requires close contact with patients which increases the chances of spreading infection. Dental treatments have high chances of contaminating the apparatus and spreading virus through air. Due to heavy risk of getting infection, government decided to restrict the supplies and surgeries of dentistry. Because of this reason, there was decline in number of visits of patients in dental clinics and this affected the growth of the dental implant market.
According to the studies, China is one of the highest suppliers of raw materials and equipment's. However, due to covid-19, restrictions on exporting and importing of material lead to decrease in demand for material from China. Many countries declared halt on exporting and importing of elective procedures like dental treatments.
The report also provides in-depth analysis of key trends in dental implant market
|1||Due to Covid-19, there has been decline in the visits of patients in dental clinic and delay in supplies of dental procedures and raw materials, which affected the growth of dental implant market.||Negative|
|2||Increase in awareness and presence of dental treatments in the market, had an impact on people demanding for dentistry.||Positive|
The report also provides in-depth analysis of recent news developments and investments
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