by Dental implants are a popular and highly beneficial solution for replacing missing teeth or damaged teeth structures. Dental implants are titanium screws that are surgically placed into the jawbone, and then replace the root of a missing tooth. A replacement tooth or bridge is then attached to the dental implant to restore chewing and speaking functions. The growing geriatric population across the world has led to higher prevalence of oral health issues like tooth loss, gum diseases and dental caries. As per estimates, approximately 10% of over 60 year olds are completely edentulous. The global dental implant procedures have risen steadily as dental implants offer a long-lasting and more natural solution relative to removable dentures.
The global Dental Implants Market is estimated to be valued at US$ 5727.5 Mn in 2023 and is expected to exhibit a CAGR of 2.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Development of new implant designs and materials are driving innovation in the dental implants market. Manufacturers are focusing on developing mini dental implants and all-on-4 dental implants which can restore complete dentition with as less as 4 implants. These innovative technologies promise reduced treatment time and higher success rates. Also, research efforts are underway to develop resorbable implants made from materials like magnesium which can degrade safely after tissues integrate with the implant. Such innovations will help expand access to dental implant procedures.
Porter’s Analysis
Threat of new entrants: Low. Entry barriers are high due to regulatory approvals, high capital investment requirements and established brand loyalty.
Bargaining power of buyers: High. Buyers have many suppliers to choose from and look for quality, innovation and pricing power.
Bargaining power of suppliers: Moderate. A few global players manufacture dental implants and related materials however supplier switching costs are low.
Threat of new substitutes: Low. There are no viable substitutes for dental implants in the market currently.
Competitive rivalry: High. The market is highly fragmented and competitive with focus on new product development, strong marketing and competitive pricing.
Key Takeaways
The Global Dental Implants Market Demand is expected to witness high growth. Factors such as rising incidence of dental diseases, increasing cosmetic dentistry demand and growing awareness will drive the market.
Regional analysis – North America dominated the market and is expected to continue its dominance over the forecast period. High reimbursement rates, availability of advanced treatment options and technological innovations will support regional growth. Asia Pacific is expected to witness the fastest growth on back of rising medical tourism and increasing spending capacity.
Key players operating in the dental implants market are Dentsply Sirona, Straumann, Zimmer Biomet, Danaher and Envista. These players are engaged in new product launches, acquisitions and marketing initiatives to strengthen their market position. For instance, in 2022 Straumann acquired ClearCorrect to enhance its clear aligners offering.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
