February 21, 2024
Dental Implants Market

Rising Demand For Aesthetic Dentistry Drives Growth Of The Global Dental Implants Market

Dental implants are artificial tooth roots that are placed into the jaw to hold a replacement tooth or bridge. They are made of durable materials like titanium that bond directly with the bone. Dental implants have become a very popular treatment option for missing teeth in place of dentures or bridges. Implants look and function like natural teeth as they integrate well with facial structures and are retained securely by bone rather than removable adhesives.

This offers greater comfort, stability, and chewing ability and maintains the contour of facial structures compared to removable dentures. They do not require extensive tooth preparation like traditional crowns or bridges and have a high success rate. The restoration is more cost effective over the long term versus repeated denture replacements. As people are seeking cosmetic/aesthetic dental procedures to boost self-confidence and career prospects, demand for treatment options like dental implants is rising steadily.

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

One of the key trends driving growth in the dental implants market is the increasing demand for cosmetic dentistry. As people are willing to invest more in aesthetic procedures, implant dentistry offers highly realistic and natural-looking tooth replacements over alternatives like bridges or dentures. Additionally, technological advancements are resulting in implants and restorative components that match natural teeth better than ever before in terms of color, shape and texture. This is contributing to dental implants becoming an increasingly popular treatment choice for missing tooth replacement. Another significant trend is the introduction of 3D printing and CAD/CAM technology in dental implant design and planning. This allows for customized implants that are a precise anatomical fit, resulting in higher success rates and shorter healing times for patients. With further improvements in such digital technologies, the dental implants market is expected to witness greater penetration globally over the coming years.

Porter’s Analysis:

Threat of new entrants: The threat of new entrants is low in the dental implants market as it requires extensive R&D and capital to develop new innovative dental implant products.

Bargaining power of buyers: The bargaining power of buyers is moderate as the dental implants market contains many established players providing a variety of product options to customers.

Bargaining power of suppliers: The bargaining power of suppliers is low due to the presence of many raw material suppliers and minimal product differentiation in the supply market.

Threat of new substitutes: The threat of new substitutes is low as dental implants have proven effectiveness over other treatments and there are no major substitute products available.

Competitive rivalry: The competitive rivalry is high among players due to the presence of several global and regional players offering similar products.

Key Takeaways

The global Dental Implants Market Share is expected to witness high growth over the forecast period driven by increasing edentulism, rising disposable income and the prevalence of dental diseases. 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.

North America dominates the dental implants market currently owing to the availability of advanced technologies and rising healthcare expenditure. Asia Pacific is expected to witness fastest growth over the forecast period ascribed to growing medical tourism and rising dental healthcare standards in developing countries.

Key players operating in the dental implants market include Straumann Holding AG, Danaher Corporation, Dentsply Sirona Inc., Zimmer Biomet Holdings, Inc., Henry Schein, Inc., OSSTEM IMPLANT Co., Ltd., DIO Corporation, and Bicon, LLC. These players are focusing on new product launches and strategic collaborations to gain higher market share.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it