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Dental Implants and Prostheses Market Overview
The global dental implants and prostheses market generated $7.2 billion revenue in 2017 and is predicted to progress at a CAGR of 6.1% during 2018–2023. Increasing prevalence of dental problems, increasing popularity of cosmetic dentistry procedures, rising dental implant surgeries, increasing awareness and concern about oral hygiene, rising geriatric population and increasing healthcare expenditure are the factors driving the market growth.
GLOBAL DENTAL PROSTHESES MARKET, BY TYPE, $M (2013-2023)
Based on type, the dental implants and prostheses market has been categorized into implants and prostheses. Dental implants held the largest share in this market, with 52.8% contribution in 2017. This is attributed to increasing research on mini dental implants and cost effectiveness of these products as compared to dental prostheses.
Dental prostheses market is further classified into bridges and crowns, dentures, and abutments. Of these, the fastest growth during the forecast period is expected from abutments, with a CAGR of 6.7%. This growth is attributed to the rising usage of these products by the aging population undergoing tooth loss. In addition to this, bridges and crowns has a new advantage for the replacement of teeth without wearing dentures or undergoing surgery.
Geographically, Europe held the largest share in the dental implants and prostheses industry, with 40.2% contribution in 2017. The market growth in the region can mainly be attributed to the increasing demand of cosmetic dentistry, rising awareness and concern about oral hygiene, and increasing dental implant surgeries.
Dental Implants and Prostheses Market Dynamics
Growing dental tourism, introduction of advanced products and increasing research on mini dental implants are prominent trends observed in the dental implants and prostheses market. Dental tourism is catching pace as a trend in various countries. As medical treatment costs in developed countries are increasing exponentially, people from these countries are travelling to developing countries that are offering dental treatment at an affordable price. Dental tourism is growing at a fast rate in developing countries, as globalization continues to facilitate the import of advanced technologies and equipment in developing countries.
There has been an increase in research activities on mini dental implants because of the various benefits offered by them; for instance, they cost only one-third of the price of conventional dental implants, require less placement time, and are smaller in size and less invasive in nature. These dental implants require little or sometimes no bone grafting with minimal recovery time compared to the traditional implants.
Increasing prevalence of dental problems, increasing popularity of cosmetic dentistry procedures, rising dental implant surgeries and rising awareness and concern about oral hygiene are the major factors driving the growth of the dental implants and prostheses market. Increasing aging population is a supporting factor for the dental problems. Edentulism, a condition of tooth loss, is very common in geriatric population and is one of the major reasons for people undergoing intraoral scanning and dental implant procedures. Some of the most common factors contributing to edentulism are periodontal disease, unhealthy lifestyle, dental caries, and aging.
Oral health is essential for general health and quality of life. Oral diseases are related to a number of risk factors that are common to many chronic diseases, such as cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes. Concern for oral care is also increasing due to the rising prevalence of tooth decay, periodontal diseases, tooth erosion, and tooth sensitivity problems in people. According to the Centers for Disease Control and Prevention (CDC), approximately 84.7% of children (aged 2–17 years) in the U.S. visited dentists in 2014. In addition, around 64.0% of people aged between 18–64 years and 62.7% of people aged above 65 years visited dentists in 2014.
Geriatric population is at a high risk of dental problems such as periodontitis and cavities due the physical change with age, some people start losing their teeth, as tooth enamel wears away, and therefore require partial or full dentures. According to the United Nations Department of Economic and Social Affairs (UN-DESA) report on the global aging population, the population of people aged 60 years and above is growing at a high rate. The number increased from 382 million in 1980 to 962 million in 2017 and is expected to reach 2.1 billion by the end of 2050. Therefore, growing geriatric population is a key factor driving the growth of the dental implants and prostheses market, globally.
Dental Implants and Prostheses Market - Competitive Landscape
Key players in the dental implants and prostheses industry are actively engaged in the research and development for advanced dental implant and prosthetic products. For instance, in October 2017, Avinent Implant System introduced the new sintered titanium hybrid structures, an advanced product in the field of CAD-CAM prosthetic restorations and which has been developed using the latest titanium 3D printing technologies and advanced software.
In August 2017, Dentsply Sirona Inc. Introduced the Lucitone HIPA (High Impact Pour Acrylic) denture base. It is a self-curing denture base material designed for use in fabrication, repair, rebasing, or relining of full and partial dentures, including implant overdentures or other dental appliances. In addition to this also provide better color stability and exact fit to model.
Some of the other key players in the dental implants and prostheses market are Ivoclar Vivadent AG, OSSTEM IMPLANT CO. LTD., Merz Dental GmbH, Bicon LLC, Zimmer Biomet Holdings Inc., Danaher Corporation, Henry Schein Inc., and the Straumann Group.