Dental implants are artificial teeth that are implanted in the jaw, which is placed below the gum line, providing a base for planting artificial teeth or bridge. Dental implants market has witnessed significant growth in the last few years. Furthermore, Europe and North America accounted for 65.9% of global dental implant market revenue in 2016. […]
Dental Implants Market Anticipated to Grow at 6.5% CAGR Through 2027
Dental implants are artificial teeth that are implanted in the jaw, which is placed below the gum line, providing a base for planting artificial teeth or bridge. Dental implants market has witnessed significant growth in the last few years. Furthermore, Europe and North America accounted for 65.9% of global dental implant market revenue in 2016. However, market dynamics are expected to witness a major shift, with Asia Pacific and Latin America emerging as the fastest growing markets for dental implant over the forecast period (2019–2027). This is primarily attributed to increasing adult and geriatric population with high spending power.
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Market Dynamics
Moreover, with changing market dynamics, companies are emphasizing on product innovation and strengthening distribution channel to strengthen their market position and expand their business globally. Various macroeconomic factors such as rising geriatric population, growing focus on aesthetics, rise in out-of-pocket spending, and establishment of quality healthcare institutions are expected to drive sales of dental implant devices worldwide. For instance, According to Eurostat statistics, in 2018, over 19% of population in EU was aged over 65 years. Moreover, EU spends nearly 9% of its GDP on healthcare. Increasing consolidation, technological advancements in dental products, and company laying emphasis on strengthening distribution channels are some of the key dental implants market trends.
Global Dental Implant Market- Regional Analysis
Regional segmentation of the global dental implant market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to hold a dominant position in the global dental implant market over the forecast period, owing to presence of major players in the region such as Neodent Dental Hub. For instance, in March 2014, Neodent Dental Hub, a dental implant company received the U.S. FDA approval to launch its dental implant system in the U.S. market. Moreover, in May 2018, Straumann Group signed an agreement with Zirkonzahn USA Inc., for co-development and co-marketing activities for dental clinics and technicians in the U.S. and Canada.
Top Key Players Include In Dental Implants Market: 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.
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