The global dental implants market is estimated to be valued at US$ 5,049.7 million in 2022 and is expected to exhibit a CAGR of 6.5% over the forecast period of 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental implants refer to the surgical fixtures that are placed into the jawbone to support dental prostheses such as crowns, bridges, and dentures. These implants provide a long-term solution for missing teeth, improving aesthetics, functionality, and overall oral health. With advancements in dental technology, dental implants have become a preferred choice over traditional dental solutions due to their superior durability and natural appearance. The growing prevalence of dental disorders such as periodontal diseases and tooth decay, coupled with the increasing geriatric population, is driving the demand for dental implants.
Market Key Trends:
One key trend in the dental implant market is the rise in demand for minimally invasive procedures. Minimally invasive dental implant surgeries offer several benefits, including reduced surgical trauma, shorter recovery time, decreased post-operative pain, and minimal scarring. This trend is driven by the patient preference for less invasive procedures and the advancements in technology, such as the use of computer-aided design and computer-aided manufacturing (CAD/CAM) systems, which enable precise implant placement.
Porter’s Analysis:
The threat of new entrants:
Low. The dental implants market is highly regulated and requires significant expertise and investments in research and development. Existing market players have established brand recognition and customer loyalty.
Bargaining power of buyers:
Moderate. Buyers have the option to choose from a wide range of dental implant providers, which gives them some bargaining power. However, the quality and reliability of the implants are vital factors influencing buyers’ choices.
Bargaining power of suppliers:
Low. There are numerous suppliers and manufacturers of dental implants, leading to intense competition in the market. This limits the bargaining power of suppliers.
The threat of new substitutes:
Low. Dental implants are considered the most effective and long-term solution for missing teeth. The development of alternative dental solutions is limited.
Competitive rivalry:
High. The dental implant market is highly competitive, with several major players vying for market share. These players compete based on product differentiation, pricing strategies, and investments in research and development.
Key Takeaways:
The global dental implants market is expected to witness high growth, exhibiting a CAGR of 6.5% over the forecast period, due to increasing dental disorders and the growing geriatric population.
The fastest-growing and dominating region in the dental implant market is North America, driven by advanced healthcare infrastructure, high disposable income, and the presence of key market players.
Key players operating in the global dental implants market include 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.
In conclusion, the global dental implant market is witnessing significant growth, driven by the increasing demand for advanced dental solutions. The rise in minimally invasive procedures and the competitive market landscape further contribute to the market’s growth. North America is leading the market, supported by factors such as advanced healthcare infrastructure and high disposable income. Key players continue to innovate and invest in research and development to stay competitive in the market.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.