“The use of dental implants and prosthetics is expected to increase in the near future, owing to the rise in prevalence of dental caries and periodontal procedures across geographies. Cosmetic dentistry is an emerging trend, which is expected to propel the growth of the dental implants and prosthetics market during the forecast period.”
According to the report published by Allied Market Research, the global dental implants and prosthetics market generated $7.68 billion in 2017, and is estimated to garner $12.74 billion by 2023, growing at a CAGR of 8.8% from 2017 to 2023. The report provides a detailed analysis of the market trends, top investment pockets, major challenges & opportunities, growth strategies, and competitive scenario.
Rise in dental tourism and surge in prevalence of dental diseases are the major factors that fuel the growth of the global dental implants and prosthetics industry. In addition, increase in consumption of alcohol & tobacco and rise in demand of cosmetic dentistry supplements the market growth. However, expensive nature of dental products, less reimbursements, and scarcity of skilled professionals limit the market growth. On the other hand, increase in awareness regarding oral health and significant rise in disposable income in developing countries would provide lucrative opportunities for market players in the future.
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The dental prosthetics segment is projected to register the fastest growth rate in the market, with a CAGR of 11.2% during the forecast period, owing to surge in demand of cosmetic dentistry including restoration, tooth replacement, and tooth whitening. However, the dental implants segment accounted for the largest market share in 2017, accounting for nearly two-thirds of the total market, owing to increase in prevalence of tooth loss owing to lack of oral hygiene and negligence.
Asia-Pacific region is expected to grow at the highest CAGR of 13.6% during the forecast period, owing to the increase in incidence of dental caries and rise in consumer awareness in the developing countries including India and China. However, Europe accounted for the largest market share in 2017, accounting for more than two-fifths of the total market revenue, owing to increase in prevalence of dental concerns regarding periodontal diseases in the region. The report also studies other regions including North America and Latin America, Middle East and Africa (LAMEA).
The leading market players analyzed in the report include Institut Straumann AG, Zimmer Biomet Holdings, Inc., Dentsply Sirona Inc., Osstem Implant Co., Ltd., CAMLOG Biotechnologies AG, 3M Company, Danaher Corporation, BioHorizons IPH, Inc., Avinent Implant System, S.L., and Bicon, LLC.
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