Dental Implants Market set to Register Growth fueled by Increasing Dental Implant Procedures
Dental implants are artificial tooth roots that are surgically placed into the jawbone to hold a replacement tooth or bridge. They function same as natural tooth and look similar to original tooth. They provide increased chewing ability, improved confidence with smile and speech. Dental implants have advantages over traditional dentures and bridges as they do not require filing down healthy tooth and are more secure and stable compared to removable appliances. Increasing patient awareness about dental implant benefits along with rise in dental tourism are major factors driving demand for dental implants globally.
The Global Dental Implants Market is estimated to be valued at US$ 6598.08 Mn in 2024 and is expected to exhibit a CAGR of 2.8% over the forecast period 2024 to 2030.
Key players operating in the dental implants market are Straumann Holding AG, Envista Holdings Corporation, Dentsply Sirona Inc., Zimmer Biomet Holdings Inc., Henry Schein Inc., Ivoclar Vivadent AG.
There is growing demand for dental implants owing to increasing number of edentulous population and rising disposable incomes which is favoring dental healthcare expenditure. Advancements in dental implant technology and materials are further fueling the market growth.
Major players are focusing on expanding their geographic presence and access in high potential emerging markets of Asia Pacific and Latin America to tap the opportunities in these regions attributable to increasing number of dental practitioners and clinics.
Market key trends:
One of the key trend gaining traction in the Global Dental Implants Market Demand is growing adoption of titanium implants. Titanium is biocompatible with human body and bone tissue facilitates better integration of implant. It has high strength-to-weight ratio making the implant framework lightweight. Such advantages have increased preference for titanium among dentists and patients. This trend is expected to drive the demand for titanium dental implants over the forecast period.
Threat of new entrants: Low capital requirements and expertise required act as barriers for new players entering the market.
Bargaining power of buyers: Large number of buyers in the market decreases their bargaining power.
Bargaining power of suppliers: Suppliers have high bargaining power due to their differentiated products and services.
Threat of new substitutes: Alternate options like removable dentures, dental bridges are potential substitutes which pose threat.
Competitive rivalry: Market is dominated by few large players who compete on the basis of innovation and quality.
North America accounts for the largest share of over 35% of the global dental implants market in terms of value. This is majorly attributed to the rising prevalence of tooth loss and dental diseases among the population in countries like the US and Canada.
Asia Pacific region is poised to witness the fastest CAGR of around 4% during the forecast period. Growing medical tourism coupled with increasing dental awareness and expenditure is supporting the growth of the market in emerging economies of China, India and South Korea.
Europe holds the second position with over 30% share of the total dental implants market worldwide. Presence of major manufacturers, advanced dental infrastructure and rising incidence of dental caries and periodontal diseases are driving the adoption of implants in countries such as Germany, France and the UK.
For more details on the report, Read- https://www.rapidwebwire.com/dental-implants-market-demand-share-analysis/