May 18, 2024

Dental Implants Market Is Estimated To Driven By Rising Oral Healthcare Expenditure

Dental implants are artificial roots that serve as replacement for missing teeth and are placed surgically into the jawbone. They support dental prosthetics like crowns, bridges, and dentures. Dental implants offer several advantages over other dental restoration options like dentures and bridgework as they do not rely on natural teeth for support. They can provide a natural look and feel, better retention and stability for prosthetics and improved functionality for eating, speaking and smiling. With rising awareness about oral healthcare and a growing focus on aesthetics, the demand for dental implants has increased considerably in recent years.

The global Dental Implants Market is estimated to be valued at US$ 5727.5 Million in 2024 and is expected to exhibit a CAGR Of 2.8% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

 

One of the major market trends is the rising preference for implants supported dentures. While conventional dentures sit loosely in the mouth and may slip and cause discomfort, implants supported dentures are fixed securely to the jawbone via dental implants. These offer significantly improved comfort, function, chewing ability and confidence to patients. Their popularity is growing among the aging population and edentulous patients as a viable alternative to traditional dentures. Other notable trends include the development of new materials like ceramic and zirconia for dental implants, the increasing usage of guided implant surgery techniques using CBCT and guided implant software and stronger focus on the aesthetics of biocompatible prosthetic crowns. Technological advancements have enabled creating highly realistic and natural looking smiles using implant supported restorations.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the dental implants market is moderate. Establishing manufacturing facilities and gaining brand recognition in the medical devices industry requires large capital investments and regulatory approvals, creating barriers.

Bargaining power of buyers: The bargaining power of buyers in the dental implants market is high. Buyers have reasonable choice of products and suppliers. In addition, dental implants being medical devices, buyers focus more on quality, safety and after sales service.

Bargaining power of suppliers: The bargaining power of suppliers in the dental implants market is moderate. Suppliers of raw materials like titanium face moderate threat from forward integration by manufacturers. However, switching costs are also moderate.

Threat of new substitutes: The threat of substitutes is moderate as dental bridges and dentures are alternatives for tooth replacement but not as effective as implants.

Competitive rivalry: The global dental implants market is highly competitive with presence of few large players and several smaller players. Intense rivalry exists based on product quality, pricing and customer service.

Key Takeaways

The Global Dental Implants Market Demand is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising incidence of dental diseases, increasing awareness and growth in disposable incomes. The global Dental Implants Market is estimated to be valued at US$ 5727.5 million in 2024 and is expected to exhibit a CAGR of 2.8% over the forecast period 2024-2030.

The North America region currently dominates the dental implants market owing to supportive reimbursement policies. With significant investments in research and presence of major global players, North America is expected to continue dominating the market during the forecast period.

Europe also captures sizable share in the dental implants market and will experience steady growth rate over the next few years due to improving healthcare infrastructure and facilities in the region.

Key players operating in the dental implants market are Dentsply Sirona, Institut Straumann AG, Zimmer Biomet Holdings, Danaher Corporation and Henry Schein. Focus on new product launches, partnerships and geographical expansions are some of the key strategies adopted by these players.

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