Dental Implants Market 2018 by its Scientific Reviews and Key Side-Effects
Dental
implants are implants in the jaw, placed below the gum line,
providing a base for planting artificial teeth or bridge. Dental
implants market has witnessed drastic rise in the last few years. A
number of socioeconomic and technological factors have contributed to
overall growth of the industry. Europe and North America account for
65.9% of global dental implants market revenue in 2016. However,
market dynamics are expected to witness a major shift, with Asia
Pacific and Latin America emerging as the fastest growing markets for
dental implant over the forecast period (2016–2024). This is
primarily attributed to aging baby boomers population with high
spending power. Lately, the industry is witnessing change in market
dynamics post-economic recession of 2008. The industry that was once
fragmented is slowly shifting towards consolidation. One such example
is the acquisition of Astra by DENTSPLY in 2011.
Market Dynamics
With changing market
dynamics, companies are emphasizing on product innovation and
strengthening of distribution channel to sustain and expand their
business reach worldwide. Various macroeconomic factors such as
increased geriatric population, growing focus on aesthetics, rise in
out-of-pocket spending, and establishment of quality healthcare
institutions are expected to bolster sales of dental implant devices
worldwide. On an average, over 20% of population in EU is aged over
65 years. Moreover, EU spends nearly 9% of its GDP on healthcare.
Increasing consolidation, technological advancement, and company
laying emphasis on strengthening distribution channels are some of
the key dental implants market trends.
Titanium Dental
Implants Segment Accounted For The Largest Revenue In The Dental
Implants Market
Among product type,
titanium dental implants segment is expected to hold dominant
position in the dental implants market over the forecast period. The
segment accounted for 44.7% of global market revenue in 2015.
However, zirconia dental implants segment is expected to hold
dominant position in the market by 2024. Key players are launching
mini-titanium dental implants solutions, which are compatible with
biologically active drugs that are usually incorporated on the
surface of implant to improve osseointegration. The consumers mostly
prefer titanium dental implants, as it has longer lifespan.
Zirconia, a
corrosion free metal, is one of the newly introduced concepts in
dental implants market and the zirconia dental implants segment is
expected to register highest CAGR over the forecast period.
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.
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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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