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Dental Implants and Prosthetics Market

Global Dental Implants and Prosthetics Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Type (Dental Implant and Dental Prosthetic), by Dental Implant Material (Zirconium and Titanium) by Dental Implant Procedure (Root Form and Plate Form), by Dental Prosthetic Type (Bridges and Crowns, Dentures, and Abutments)

Published: July 2016
Report Code: LS10050
Available Format:
Pages: 124

Dental Implants and Prosthetics Market Overview

The global dental implants and prosthetics market was valued at $7,574.0 million in 2015 and is expected to grow at a CAGR of 7.3% during 2016–2022, to reach $12,414.3 million by 2023. The market will be growing at a significant rate due to due to the increasing healthcare expenditure, growing geriatric population, and increasing awareness and concern about oral hygiene. Dental implant is a fixture inserted in jaw, which act as a tooth root and is restored with the help of crown, bridge or denture. It replaces missing tooth roots that look, feel and function like natural teeth, therefore replaces the missing tooth root.

 

DENTAL IMPLANTS AND PROSTHETICS MARKET

 

In terms of type, the dental implants and prosthetics market is segmented into dental implants and prosthetics. The dental implants accounted for the major share in the dental implants and prosthetics industry in 2015 and is expected to witness higher growth than dental prosthetics during 2016-2022.

Taking into account of geographical landscape, Europe accounted for the largest share in the worldwide dental implants and prosthetics market with 40.6% share in 2015. It was followed by North American and Asia-Pacific with 27.9% and 22.4% share, respectively. The Asia-Pacific market for dental implants and prosthetics is expected to grow at a CAGR of 8.0% during 2016-2022. The growth in the Asia-Pacific region is mainly attributed to growing geriatric population, increasing healthcare expenditure and increasing awareness of dental problems.

Dental Implants and Prosthetics Market Dynamics

Growth Drivers

The dental implants and prosthetics market is mainly driven by factors such as the growing geriatric population and the increasing healthcare expenditure. The healthcare expenditure is increasing across the globe owing to the increasing prevalence of dental problems, increasing awareness and concerns about oral hygiene, and increasing demand for cosmetic dentistry. According to the WHO, the total healthcare expenditure is increasing globally, which is leading to the improvement in healthcare infrastructure. This increase in healthcare expenditure is also leading to increase in affordability and accessibility of dental procedures for different dental conditions. The distinct governments in different countries are investing a significant portion of their GDP for healthcare. The increasing healthcare expenditure leads to the increased demand for dental treatment, which is driving the growth of the dental implants and prosthetics market.

Cosmetic dentistry has taken the concept of dental health to next level to create an overall sense of wellbeing. A dental implant is a major component for cosmetic dentistry. It is used in cosmetic dentistry procedures such as reshaping teeth, placing crowns, bridges, dentures, and filling gaps and cracks. Demand for cosmetic dentistry is increasing among all age groups due to increasing awareness about healthy teeth and perfectly aligned teeth. According to the American Academy of Cosmetic Dentistry, the U.S. spends $2.75 billion each year on cosmetic dentistry. In addition, two-thirds of cosmetic dentistry patients are female and one-third are male. Thus, increasing demand of cosmetic dentistry to enhance facial transformations and improve appearance would drive the growth of the dental implants and Prosthetics market.

Hindrances

The high cost of dental implants and inadequate healthcare infrastructure in developing economies hinders the growth of the dental implants and prosthetics market. For instance, in developing countries such as India and China, the burden of dental diseases is high due to limited access to primary healthcare services, attributable to poverty, limited healthcare reimbursement, and poor healthcare infrastructure. In addition, increasing healthcare costs in these countries are hampering the affordability of healthcare facilities among the aging population. The availability of health insurance in developed countries differs from the developing countries in various aspects. Developed nations, such as Germany and France, have public healthcare systems, whereas in developing nations such as India and China, people continue to rely on out-of-pocket payment methods to finance healthcare services. Majority of insurance companies do not provide coverage for dental implants. In case of specific dental insurance, the plan does not include dental implant procedures and cosmetic dental procedures.

Dental Implants and Prosthetics Market Competitive Landscape

The companies in the dental implants and prosthetics market are entering into a collaboration with other companies to improve their positioning in the market. For instance, in July 2016, Zimmer Biomet entered into a multi-year collaboration with the Institutes of Health (IUIH) to increase the capacity of India's healthcare infrastructure. The first phase of the collaboration involves the establishment of the Zimmer Biomet Institute of India, a 30,000-square foot medical training and education facility on the campus of King's College Hospital in Amaravati, Andhra Pradesh, India.

Some of the key companies operating in the dental implants and prosthetics market include Straumann Holding AG, DENTSPLY International Inc., Zimmer Biomet Holdings, Inc., Danaher Corporation, Osstem Implants and AVINENT Implant System.

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