Market Insight:
Dental implants are prosthetic tooth roots composed of materials such as titanium or zirconium that can be placed in the jaw. They not only allow for the cosmetic and functional replacement of missing teeth, but they also allow for the maintenance of jaw structure by preventing bone resorption or atrophy.
When opposed to typical fixed bridges or dentures, dental implants do not require the grinding down of healthy neighbouring teeth, do not cause discomfort when eating or speaking, and are long-lasting with a natural appearance. It is hardly surprise that many prefer dental implants over traditional treatment options like crowns, bridges, or dentures. The global dental implants market is expected to be worth US$4.76 billion in 2023, witnessing growth at a CAGR of 6.31%, during the forecasted period.
Segment Covered:
Geographic Coverage:
According to this report, the global dental implants market is divided into four regions: Europe, North America, Asia Pacific, and ROW. The countries covered in North America region are the US, Mexico, and Canada, while Europe includes Germany, The UK, France, Italy, Spain and Rest of the Europe. Moreover, China, India, Japan, Australia, South Korea, and Rest of Asia Pacific are included in the Asia Pacific region.
Europe accounted for the maximum share of the global market. Rising life expectancy is changing the shape of the European nations age pyramid, the most significant change will be a notable shift toward a much older demographic structure, a trend that is expected to continue. Aging population requiring oral care services, increasing demand for cosmetic dentistry & dental aesthetics among patients and growing prevalence of dental ailments across the region are considered the main factors driving the demand for dental implants in the region. In addition, Asia Pacific is predicted to grow at a significantly high rate due to a large patient base and the expanding use of advanced implants in dentistry. Additionally, the expansion of medical tourism in Singapore, China, and India is probably going to favor the market growth in the region.
Top Impacting Factors:
Growth Drivers
Challenges
Trends
Driver: Expansion of Dental Service Organizations
North America has the world’s largest dental service market. A dental service organization (DSO) contracts with dental practices to manage all non-clinical activities (administration, procurement, marketing, operations, human resources, etc.). DSOs make massive investments to adopt digital dental equipment and improve operational efficiency of dental practices. The resulting declines in dental service prices help to turn potential demand into actual demand. DSOs in the US were once concentrated in large cities but are now making forays into smaller cities and towns, boosting the number of dental implant and alignment treatments carried out as a result. As a result, DSOs have greatly improved access to dental care over the past decade. Hence, expansion of the DSOs has boosted the dental implants market growth.
Expansion of oral healthcare largely depends on the number of dentists. Implant surgery can be performed by any licensed dentist provided that the treatment follows the standard of care and is in the best interest of the patient. However, since implants are surgically placed in the jawbone, dental specialists who routinely perform surgery within the jawbone are the natural fit for implant surgery. The shortage of trained dentists in implant procedures has become a major concern in many countries around the world. This can mainly be attributed to the growing demand for dentists, which is higher than the supply of dentists. Moreover, China, an emerging dental market owing to rising per capita disposable income and ageing population, has a shortage of roughly 450,000-900,000 dentists, compared to global averages. This shortage of dentists gives rise to increasing imbalance between the health workforce and patients. Thus, the shortage of dentists trained in implant procedures and dental hospitals is hampering the market growth of dental implants, globally.
Digital dentistry means digitalization of the whole process of dental treatments, from data acquisition and analysis to design, production and treatments. Digital dentistry is advantageous for patients, dentists and equipment suppliers. Dental clinics see overall improvement in profitability as the use of digital dentistry enhances the accuracy of procedures and enables dentists to treat more patients over the same period. Patients benefit in terms of convenience (i.e., fewer visits to see the dentist) and highly accurate procedures. Moreover, digital implants are minimally invasive resulting in less pain and a shorter recovery period. Therefore, accelerating penetration of digital dentistry is anticipated to augment the growth of dental implants market, globally.
The COVID-19 Analysis:
Several dental events were postponed due to the COVID-19 pandemic and the majority of dental events held in 2020 were hosted in a virtual setting. Furthermore, due to the COVID-19 outbreak, many dentists have preferred not to open their clinics, opting instead for phone consultations and prescribing antibiotics. Dentists, including endodontists, feel that providing physical therapy may be a risk till the pandemic is suppressed. The cancellation of dental events significantly affected the sales, innovation and advancements in dental implant market and hence, impacted the overall market growth.
The global dental implant market was significantly impacted by COVID-19 in 2020. However, as vaccines are distributed around the world, the market returned to pre-pandemic levels by the end of this year. This growth would undoubtedly be fueled not only by an aging population that increases the prevalence of edentulism, but also by improvements in assisting technologies like surgical guides and treatment planning software that enable increased accuracy and implant reliability.
Analysis of Key Players:
Global dental implants market is consolidated with top seven players, Straumann Group, Envista Holdings Corporation, Dentsply Sirona Inc., Henry Schein, Inc., Osstem Implant, Zimmer Biomet Holdings and Dentium CO., Ltd., accounting for more than 80% share of the market. The key players in the global dental implants market are:
The key players are concentrating on strategic initiatives like the introduction of novel products through customization in line with consumer needs, partnerships, collaborations, mergers, and acquisitions to increase their product portfolios and strengthen their leadership positions in the dental implants industry. Additionally, as key players concentrate more on geographic expansion and strategic alliances, the competition between them would intensify in the upcoming years. For example, In June 2022, ZimVie Inc. launched the FDA-approved T3 PRO Tapered Implant and Encode Emergence Healing Abutment in the US.