Dentistry is the diagnosis, prevention, evaluation, and treatment of diseases of the oral cavity, maxillofacial areas, as well as the associated and adjacent structures utilizing non-surgical, surgical, and related procedures. The market for dental devices comprises dental implants, dental biomaterials, orthodontic products and materials, dental radiology equipment, dental x-ray systems, and dental chairs, among others. A dental implant is a tooth root or artificial tooth that is surgically embedded in the lower or upper jawbone. These implants are stable, strong, and durable in nature but due to daily wear and tear, require to be replaced or retightened occasionally.
Technological Advancements to Propel Dental Implants Market
The global dental implants market stood at US$4.5 bn in 2014 and is predicted to reach a value of over US$7.8 bn by 2020. The market is expected to expand at a 9.70% CAGR from 2014 to 2020. The global dental implants market has experienced tremendous growth in the past few years owing to the increasing oral hygiene concern, the rising geriatric population, and the soaring demand for cosmetic dentistry.
In addition, the growing disposable income in emerging countries is also propelling the development of the market for dental implants. A number of technological advancements within dental implant surgery such as computer-aided design (CAD), laser dentistry, and mini dental implants are also augmenting the growth of the market. The rising medical tourism is also a key factor having a positive impact on the growth of the market. On the other hand, the absence of awareness amongst people within emerging countries and the presence of few reimbursement policies for dental implants are amongst the chief factors that may restrain the growth of the market in the coming years.
Titanium Implants to Expand at 9.80% CAGR from 2014 to 2020
Dental implants are made of two types of materials such as zirconium and titanium. Amongst these, the segment of titanium implants held the largest share in the market in 2014 and is predicted to expand at a 9.80% CAGR from 2014 to 2020. In terms of procedure, the dental implants market is segmented into plate-form dental implants and root-form dental implants. Amongst these, the segment of root-form dental implants is the most popular procedure within the dental implants market.
Europe Dental Implants Market Emerged as the Biggest Market in 2014
In terms of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, Europe led the market for dental implants in 2014. On the other hand, the North America dental implants is predicted to rise at a 9.50% CAGR from 2014 to 2020. Asia Pacific is the most swiftly developing regional market owing to the increasing geriatric population in this region. Within Asia Pacific, the most rapidly developing national markets are India, South Korea, and China. In addition, the soaring costs of dental implants surgery within nations such as the UK and the U.S have also supported the development of medical tourism in various countries around the world such as Hungary, Malaysia, India, and Costa Rica.
The chief players dominant in the market are Nobel Biocare, Institut Straumann AG, DENTSPLY International Inc., Danaher Corporation, Zimmer dental Inc., 3M Company, Ivoclar Vivadent AG, OSSTEM IMPLANT, and Neoss International, among others.
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