Dental Implants Market to Surpass US$6269.8 Million by 2024.pdf

Global Dental Implants Market, By Product Type (Titanium, Zirconia),
Technique (Root form, Canal form), Population Demographics (Geriatric,
Middle-aged, Adult, Others), End User (Dental Labs, Hospitals, Others), and
Geography - Trend, Analysis and Forecast till 2024
[DATE]
[COMPANY NAME]
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GLOBAL DENTAL IMPLANTS MARKET TO SURPASS US$ 6269.8
MILLION BY 2024
Report Description
Dental Implants
Dental implants are witnessing steady growth in demand, owing to rise in geriatric population and higher
inclination of the populace towards maintaining aesthetic looks. Post the invention of dental implants
in1954, the dental implants market revenue has grown manifold and is still highly lucrative for market
players. Demand for dental implants is steadily increasing as the procedure offers a perfect solution for
artificial teeth surgically imbibed in upper and lower jawbone.
Cosmetic and dental issues arise as a result of aging. According to National Institute of Dental and
Craniofacial Research, geriatric population (aged 65 years and above) have an average of 18.9 remaining
teeth, in turn creating a highly lucrative market for dental implants. Technological advancements coupled
with high demand for dental implant procedure has resulted in a highly lucrative market characterized by
high profit margin for players across the value chain. Advancements in technology allow for implants in
people without a proper structured or weak jawbone. In 2015, dental implants accounted for over 15%
share of global dental device market revenue.
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Dental implants market witnessed a very sluggish growth in terms of innovation post-1957. However, post
2000, many new companies emerged in the market leading to fierce competition among players in a highly
fragmented industry. As a result, companies are emphasizing on product innovation to sustain and expand
their global market presence. For instance, in 2016, Israel–based Magdent launched a miniature electronic
device (MED) capable of accelerating bone growth three times faster than normal. The product is yet to
receive approval from the U.S. FDA.
The global dental implants market revenue was valued at US$ 3,619.0 million in 2016 and is expected to
expand at a CAGR of 6.3% during 2016 – 2024.
Titanium dental implant has emerged as the highest revenue contributor among product segments
Titanium implants is expected to dominate the dental implants market throughout the forecast period. The
segment accounted for 44.7% of global market revenue in 2015.
However, the segment is expected to lose market share to zirconia product segment through 2024.
Companies are coming up with mini-titanium dental implants solutions. These are compatible with
biologically active drugs that are usually incorporated on the surface of implant to improve
osseointegration. Titanium dental implants have relatively longer lifespan making it favorable among
consumers.
Zinconia is a corrosion free mental and is one of the newly introduced concepts in dental implants market.
The segment is expected to register highest CAGR over the forecast period.
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Highly competitive Europe market to maintain its dominance throughout the forecast period
Europe is expected to dominate the market throughout the forecast period. The region is expected to
account for 30.8% of overall market share by 2024. Competition in dental implants market has increased
primarily between Straumann and DENTSPLY Implants. According to Europa, over 25% of the population
in Europe is expected to fall under geriatric age group by 2020. This coupled with high discretionary
income in the region is expected to continue to position the region as a highly lucrative market for dental
implants. Germany is one of the key markets for dental implants. The country spends highest per capita
income on teeth than any other country in Europe.
Asia Pacific, followed by Latin America is expected to register fastest CAGR between 2016 and 2024.
Asia Pacific market growth is primarily driven by increasing number of dental implants procedure in China,
India, and Japan. India dental implants market is expected to register highest regional CAGR over the
forecast period. There are over 5,000 dental laboratories with around 300 dental institutes and 200,000
dentists in India. Increasing growing consumer base along with better economic growth is expected to
create lucrative market opportunity for industry players. In 2015, India imported over 77% of dental implant
products from Germany, U.S., Japan, and Italy. The ‘Make in India’ campaign initiated by the Indian
government is expected to bolster number of manufacturing facilities across various healthcare verticals
including dental manufacturing sites in the country.
Emerging economies to present highly lucrative growth avenues
Dental implant players are focused towards strengthening of direct distribution channel along with
partnership with regional manufacturers and distributors. DENTSPLY Implants, Straumann AG, Bicon
Dental Implants, Anthogyr, KYOCERA Medical Corporation, Lifecore Dental Implants, Zest Anchors,
Implant Innovations Inc, and BioHorizons IPH, Inc., Neobiotech USA. Inc., Sweden & Martina, TBR
Implants Group,
Global D, and MOZO-GRAU, S.A. are some of the key industry players in dental implants market.
Straumann AG and DENTSPLY Implants are leading players in Europe. However, there is a wide variation
in Europe market, since there is high presence of regional players in Europe. For instance, while TBR
Implants Group is a leading France-based dental implants manufacturer, Sweden & Martina holds
significant market share in Italy. Nobel Biocare holds significant market share in Asia Pacific, with the
company generating around 17% of its regional revenue from Japan.
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Dental implants market witnessed a very sluggish growth in terms of innovation post-1957. However, post 2000, many new companies emerged in the market leading to fierce competition among players in a highly fragmented industry. As a result, companies are emphasizing on product innovation to sustain and expand their global market presence. For instance, in 2016, Israel–based Magdent launched a miniature electronic device (MED) capable of accelerating bone growth three times faster than normal. The product is yet to receive approval from the U.S. FDA. The global dental implants market revenue was valued at US$ 3,619.0 million in 2016 and is expected to expand at a CAGR of 6.3% during 2016 – 2024.