The dental implants market is estimated to be valued at USD 5.16 Bn in 2024 and exhibit a CAGR of 7.1% over the forecast period 2024 - 2031. Rising prevalence of dental problems such as tooth decay, gum disease and injuries has increased the demand for dental implants. Furthermore, advancements in dental implant procedures and materials are driving the market growth.
Market Dynamics:
Increasing edentulism cases across both developed and developing countries is a key driver boosting the dental implants market. Loss of teeth can impact functionality, aesthetics and quality of life of individuals. As per WHO report published in March 2023, around 3.9 billion people around the world suffer from tooth decay of permanent teeth. Moreover, dental tourism has emerged as an opportunity for market players as people travel to other countries for cost effective dental treatments. Countries such as India, Hungary, Mexico and Costa Rica are top destinations for dental tourism.
Rising focus on cosmetic dentistry has increased the demand for dental implants as a viable option for tooth replacement. Materials such as zirconia and lithium disilicate have enhanced aesthetic outcomes. With growing aging population and focus on oral healthcare, the demand for dental implants is expected to rise during the forecast period. However, high treatment costs and limited reimbursements remain key challenges.
Advancements in Dental Implant Technology
One of the major drivers of growth in the dental implants market has been continual advancements being made in dental implant technology. Manufacturers are developing new materials, surface treatments and design innovations that are making implants stronger, more biocompatible and able to better integrate with bone tissue. Some examples include implants made of zirconia which is very strong and aesthetic, as well as surface treatments like plasma spraying and anodic oxidation that promote better osseointegration. These advancements are allowing for shorter treatment times, higher success rates and improved aesthetics which is boosting patient demand for dental implants.
Increasing Consumer Spending on Dental Care
Rising disposable incomes and greater dental insurance coverage in many countries have led to higher consumer spending on various elective dental care treatments. Dental implants in particular have grown in popularity as an alternative to bridges and dentures. Younger generations especially are more conscious about their appearance and dental health. The growing middle class populations in emerging markets also have greater capacity to afford costly dental treatments like implants. All of these economic factors combined are serving to significantly increase the amount that consumers globally are willing to spend on high-quality dental implant solutions.
High Treatment Costs
One of the major challenges restraining broader adoption of dental implants is their relatively high treatment costs compared to other restorative options. The average cost of a single dental implant ranges from US$ 2,000-US$ 4,000 depending on the region and specific procedure involved. This price barrier prevents many less affluent patients from seriously considering implants. While costs are declining slowly due to technological advances, dental implants will likely remain an expensive treatment choice in the near future that is unaffordable for large low-income populations worldwide.
Lack of Awareness in Developing Markets
While awareness of dental implants is growing rapidly in developed countries, lack of awareness persists as a challenge in many developing and emerging markets. People in these regions typically have lower incomes and dental care is often a lower priority. Dental health issues are also less visible to the public than cardiac or orthopedic needs. As a result, implant solutions have not gained the same mindshare or demand momentum yet across the global south. Overcoming this lack of awareness through education campaigns will take time and continued marketing efforts by global dental companies.
Growing Elderly Population
As life expectancies increase around the world, the over 65 demographic is expanding dramatically. This elderly population will require more dental prosthetic solutions to replace lost or failing teeth. Dental implants in particular have become the preferred option for both denture wearers and those needing to restore single teeth. The growing need for tooth replacement among aging cohorts represents a major upcoming opportunity for implant manufacturers.
Emerging Markets
While awareness remains low currently, emerging markets like Asia Pacific, Latin America, Middle East and Africa are forecast to experience some of the fastest growth rates in the dental implants industry moving forward. Rising middle classes in these regions are supporting increased healthcare spending power overall. Multinational dental companies see big potential if they can replicate their commercial success in bringing implant awareness and affordability solutions to new populations that have not traditionally utilized such advanced dental treatments. Targeted expansion efforts into emerging markets will be important for sustaining future industry growth momentum globally.
Link: https://www.coherentmarketinsights.com/market-insight/dental-implants-market-89
Key Development
- On February 07, 2024, ZimVie Inc., a global life sciences leader in the dentistry and spine markets, announced the launch of the TSX Implant in Japan. The launch of TSX in Japan enables the company to compete directly with premium market players in the dental implant market. TSX Implants are intended for immediate extraction, standard loading methods, placement predictability, and primary stability in soft and dense bone.
- In November 2023, Keystone Dental Holdings, a pioneer in dental implant technology, announced the commercial launch of the GENESIS ACTIVE Implant System, a cutting-edge surgical solution that is expected to revolutionize the way dental professionals approach implant placement and restoration.
- In October 2023, Mubadala Investment Company, an Emirati state-owned holding company, announced an investment in Korea's leading dental implant material manufacturer, Osstem Implant (Osstem), in collaboration with MBK Partners and Unison Capital. Osstem Implant focuses on assisting dentists in providing their patients with comprehensive dental care solutions that are convenient for both doctors and patients.
- In March 2023, Dentsply Sirona announced the launch of DS OmniTaper Implant System, the newest member of the EV Implant Family, at the Academy of Osseointegration Annual Meeting in Arizona, U.S., in March 16-18, 2023. The DS OmniTaper Implant System is a unique solution that combines the proven technologies of Dentsply Sirona's EV Implant Family with additional features that offer efficiency and versatility.
Key Players: DENTSPLY Sirona, 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, MOZO-GRAU S.A., Zimmer Biomet, and Henry Schein Inc.
