THE DENTAL implants market will be worth $5.81 billion by 2027, according to the Dental Implants Market Research Report 2020-2027.
The market was worth $4.23 billion in 2019.
The implants market will have a compound annual growth rate (CAGR) of 4.1 percent during the forecast period.
The CAGR is the rate of return that would be required for an investment to grow from its beginning to end, indicating to investors what they really have at the end of the investment period.
Europe is expected to grow speedily in the dental implants market share due to the increasing number of dental product manufacturers. Coupled with this are high-income earners able to afford state-of-the-art dental care.
The Europe market was worth $1.58 billion in 2019.
The prospects are rosy too for North America where dental issues are increasing. The number of dentists is also on the rise along with the availability of the latest dental tools.
In Asia and the Pacific, medical tourism will drive the implants market, especially in India and China.
The increasing adoption of advanced orthodontic technologies will play a major role in fueling the market, predicts the report.
(Orthodontics is a specialty of dentistry that has to do with the diagnosis, prevention and correction of misaligned teeth and jaws and bite patterns.)
The rising incidence of oral diseases, such as tooth decay, tooth cavity and gum disorders has also increased the demand for dental implants, the report says.
The spreading awareness of these conditions has stoked the adoption of the latest dental technologies such as the use of next-generation dental devices by doctors, computer-based dental treatments, esthetic restoration procedures and so on.
All of the above will spur the growth of this market during the forecast period, the report says.
For example, mini dental implants are becoming popular among dentists as they allow the treatment of lower dentures with a minimum of procedures.
Also driving the growth of the dental implants market are the rising cases of oral diseases among the elderly – as well the ability of patients worldwide to pay for dental interventions.
Over the years, there has been an increasing prevalence of loss of teeth among aging populations. The reasons are many, among them poor eating habits, dental cavities and so on. This has led to increasing demand for dental treatments and surgeries among senior citizens.
For instance, according to the U.S. Centers for Disease Control and Prevention, the occurrence of teeth loss among the elderly is 26 percent. In contrast, teeth loss among young adults is way behind, at approximately 9 percent.
The dental implants market stands to gain from the fact that the number of seniors is steadily on the up.
The United Nations predicts that there will be over 1 billion persons aged 65 and above by 2050.
Coming along with this trend is the rising demand for dental implants. This is considered as one of the important factors responsible for the market’s growth.
This creates huge opportunities for dental care companies.
These companies are now focused on research and development in search of innovative products, tools and equipment in dental surgeries and implants.
Staying on top of the market and ahead of the competition will also drive business opportunities that are diversified with a wider reach for business operations worldwide.
The top players are Institut Straumann AG, Danaher, Dentsply Sirona, Henry Schein Inc., Zimmer Biomet, Osstem Implant, BioHorizons and CeraRoot SL.
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Dr. Joseph D. Lim is the former Associate Dean of the UE College of Dentistry, former Dean of the College of Dentistry, National University, past president and honorary fellow of the Asian Oral Implant Academy, and honorary fellow of the Japan College of Oral Implantologists. Honorary Life Member of Thai Association of Dental Implantology. For questions on dental health, e-mail jdlim2008@gmail.com or text 0917-8591515./PN
