Increasing Number of Dental Implant Surgeries Driving Dental Implants and Prostheses Market
In 2017, the global dental implants and prostheses analysis market attained a value of $7.2 billion and is expected to advance at a 6.1% CAGR during the forecast period (2018–2023). The market is witnessing growth due to the surging geriatric population, the rising popularity of cosmetic dentistry procedures, increasing prevalence of dental problems, raising awareness and concern regarding oral hygiene, and surging number of dental implant surgeries. A dental implant is surgically positioned into the jawbone beneath the gum line for providing support to artificial teeth. Dental prostheses are utilized for treating intraoral defects.
In terms of type, the dental implants and prostheses market is bifurcated into dental prostheses and dental implants. Between these two, the dental implants category dominated the market during the historical period (2013–2017), with a revenue contribution of 52.8% in 2017, and is predicted to account for the largest share of the market during the forecast period as well. The reason for this is the increasing research on mini dental implants and cost-efficiency of these products. The category is further projected to register the highest CAGR during the forecast period.
Among all the regions, Europe held the largest share of the dental implants and prostheses market during the historical period and is further projected to dominate the market during the forecast period. This is because of the increasing requirement for cosmetic dentistry procedures, rising number of dental implants surgeries, surging healthcare expenditure, increasing medical tourism and growing awareness regarding dental hygiene in the region. Germany accounted for the major share of the regional market during the historical period. The Asia-Pacific region is predicted to grow the fastest pace during the forecast period.
The growing popularity of cosmetic dentistry procedures is among the primary driving factors of the dental implants and prostheses market. As per the Cosmetic Dentistry State of the Industry Survey, conducted by the American Academy of Cosmetic Dentistry, 86% patients opted for cosmetic treatments in order to improve their aesthetic appearance in the U.S. in 2015. A dental implant is a key element of cosmetic dentistry as it is used in different procedures such as placement of crowns, dentures, and bridges, reshaping of teeth and filling of cracks and gaps.
The surging prevalence of dental problems, particularly among the underprivileged sections of the society in developing and developed countries, is also a key driving factor of the dental implants and prostheses market. For example, edentulism, which is the condition of tooth loss, is very common in aged people and is a major reason for people undergoing intraoral scanning procedures and for the adoption of dental implants. Along with ageing, periodontal disease, dental caries, and unhealthy lifestyles also cause edentulism. Due to this, the demand for dental implant and dental prostheses is increasing.
Another major driving factor of the dental implants and prostheses market is the rising number of dental implant surgeries. Dental implants are more efficient than conventional tooth replacement options due to osseointegration, which is a direct and structural connection between the surface of a dental implant and living bone. Attributed to the benefits of osseointegration, it is increasingly being utilized in dental implant procedures. It aids in improving dental aesthetics with natural-looking, stronger, and durable artificial teeth.
Companies in the dental implants and prostheses sector are introducing technologically advanced products in order to expand their presence and portfolio worldwide. For instance, in September 2017, Henry Schein Inc. announced DRS International GmbH’s Dental Ration implant system (OKTAGON), with special distribution rights in the U.K. The company will be the chief supplier of OKTAGON implant systems, apart from two modern implant lines from DRS International GmbH.
In recent years, there has been an increase in the mini-dental implants research activities due to the various advantages offered by them. For instance, they cost only one-third of conventional dental implants, needless placement time, and are less invasive and smaller. With these mini implants, smaller dentures can be fitted, offering a better experience to people who are suffering from dental issues, such as tooth decay. Further, one of the biggest reasons behind the domain growth is the increasing prevalence of dental issues across the world.
A dental implant is a fixture that is surgically implanted into the jawbone beneath the gum line to offer support to artificial teeth. On the other hand, dental prostheses maintain the aesthetic appearance of the teeth and restore their functionality. Prosthetic devices, such as bridges and crowns, dentures, and abutments, help with intraoral defects, including missing and damaged teeth. The dental implants and prostheses market has been segmented by type and region.
Hence, the market is being driven by the growing popularity of cosmetic dentistry procedures, the prevalence of dental problems, and a rising number of dental implant surgeries.
Authors Bio:
Pramod Kumar is an internationally-recognized research analyst, consultant, published author, professional speaker, and blogger. He builds upon a deep education in engineering and management with practical experience working with executives and frontline employees in multiple industries to synthesize and practice methods including Lean management, continuous improvement, statistical methods, and people-centred leadership approaches.
Pramod Kumar is to humbly help others learn how to improve and sustain performance. In his healthcare work, this means improving the quality of care and patient safety, while also reducing cost and improving the workplace experience. Across multiple sectors, goals also include improving the customer (or patient) experience, to help the development of leaders and employees, and to build stronger, more adaptive organizations for the long term.
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