Revenue of global dental implant market expected to further increase
SELBYVILLE, Del., U.S.: A new report on the global dental implant market features key industry trends across the product, material, end-use, and regional landscapes. The report was compiled by research and consulting provider Global Market Insights and projects that the market’s revenue will exceed $5.2 billion by 2024.
The surging prevalence of oral health issues such as dental caries and periodontal disease, coupled with the soaring geriatric population base susceptible to tooth loss, has significantly fueled the dental implant market growth. In addition, rapid developments in implant technology and the increasing rate of dental and cosmetic surgery for esthetic reasons have positively influenced the industry share in the recent years.
Dental implant supply to clinics accounted for the largest revenue share in 2017, followed by hospitals. The availability of advanced technological procedures for dental implantation surgeries in clinics and hospitals has been responsible for driving this segment.
According to the report, the German market held the largest share in Europe, accounting for $289.6 million in 2017, owing to a large edentulous geriatric patient base generating high demand for dental implants across the country.
The U.S. implant market grew to over $1.1 billion last year, owing to a rapid rise in the number of baby boomers reaching geriatric age along with an increase in prevalence of oral disorders in the country. The Canadian implants industry size was valued at over $84 million in 2017 and is projected to register a commendable compound annual growth rate (CAGR) over the next six years. The regional growth can be attributed to the presence of a favorable reimbursement scenario in the country coupled with the rising geriatric populace.
For the Asia Pacific region, a rapid CAGR of 6.5 percent is forecast over the projected time frame. Emerging markets in India and China will grow at a robust rate because of the expanding geriatric population, rising dental tourism, and increasing disposable income and healthcare expenditure.
The report, titled Dental Implants Market Size by Product (Tapered Implants, Parallel Walled Implants), by Material (Titanium, Zirconium), by End-use (Hospitals, Dental Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Israel), Application Potential, Competitive Market Share & Forecast, 2018–2024, was published online on Aug. 20, 2018.