by The Global Dental Implants Market is estimated to be valued at US$ 5,049.7 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental implants are a major dental procedure that replace tooth roots with metal, ceramic, or plastic anchors. They are surgically placed into the jawbone beneath the gums to support crowns, bridges, or dentures over them. Dental implants help maintain facial structure and prevent deterioration of jawbone that usually follows after tooth loss. They offer a secure and stable alternative to removable dentures and look and feel like natural teeth. As dental implants integrate with living bone tissue, they provide stronger support and retention than dentures.
Market key trends:
Rising dental tourism in emerging markets is a key trend driving the growth of the dental implants market. Countries such as India, Thailand, Mexico and Hungary offer dental treatment at a fraction of costs in western countries. According to the American Academy of Implant Dentistry, dental procedures including implants in these countries are 30-70% lower than in the US. Coupled with improved quality of dental services, emerging economies are becoming increasingly popular medical tourism destinations. For instance, dental tourism in India generated an annual revenue of over $200 million in 2021. Increased accessibility and affordability of dental implant procedures will support the growth of the market over the forecast period.
Porter’s Analysis
Threat of new entrants: The high costs involved in R&D and manufacturing dental implants acts as a barrier for new companies. Regulations around medical devices also make the entry difficult.
Bargaining power of buyers: Individual buyers have less bargaining power due to the specialized nature of dental implants. However, large dental clinics and hospitals can negotiate on prices.
Bargaining power of suppliers: A few large companies dominate the raw material supply chain for dental implants giving them significant power over manufacturers.
Threat of new substitutes: Though some new biomaterial-based treatments have emerged, dental implants still remain the most viable option for permanent tooth replacement limiting threat from substitutes.
Competitive rivalry: Being a specialized medical device market, competition is high among the established global players to capture more market share through new product innovations.
Key Takeaways
The Global Dental Implants Market is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period 2023 to 2030, due to increasing prevalence of dental diseases and rise in disposable income in developing countries.
Regional analysis: North America dominates the global dental implants market due to presence of major players and advanced dental healthcare facilities. Europe and Asia Pacific are lucrative markets expected to exhibit fastest growth during the forecast period led by growing medical tourism in countries like India, China and high awareness about oral healthcare.
Key players operating in the dental implants market are DENTSPLY Implants, Straumann AG, Bicon Dental Implants, Anthogyr, KYOCERA Medical Corporation, Lifecore Dental Implants, Zest Anchors, Implant Innovations Inc, BioHorizons IPH, Inc., Neobiotech USA. Inc., Sweden & Martina, TBR Implants Group, Global D, and MOZO-GRAU, S.A. The players are focusing on new product launches and partnerships with dental clinics to gain higher share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
