Dental Implants Market set to Register Growth fueled by Increasing Dental Implant Procedures
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Dental Implants Market |
Dental implants are artificial tooth roots that are surgically placed into the
jawbone to hold a replacement tooth or bridge. They function same as natural
tooth and look similar to original tooth. They provide increased chewing
ability, improved confidence with smile and speech. Dental implants have
advantages over traditional dentures and bridges as they do not require filing
down healthy tooth and are more secure and stable compared to removable
appliances. Increasing patient awareness about dental implant benefits along
with rise in dental tourism are major factors driving demand for dental
implants globally.
The
Global Dental Implants Market is estimated to be valued at US$ 6598.08 Mn in
2024 and is expected to exhibit a CAGR of 2.8% over the forecast period 2024 to
2030.
Key Takeaways
Key players operating in the dental implants market are Straumann Holding AG,
Envista Holdings Corporation, Dentsply Sirona Inc., Zimmer Biomet Holdings
Inc., Henry Schein Inc., Ivoclar Vivadent AG.
There is growing demand for dental implants owing to increasing number of
edentulous population and rising disposable incomes which is favoring dental
healthcare expenditure. Advancements in dental implant technology and materials
are further fueling the market growth.
Major players are focusing on expanding their geographic presence and access in
high potential emerging markets of Asia Pacific and Latin America to tap the
opportunities in these regions attributable to increasing number of dental
practitioners and clinics.
Market key trends:
One of the key trend gaining traction in the Global
Dental Implants Market Demand is growing adoption of titanium implants.
Titanium is biocompatible with human body and bone tissue facilitates better
integration of implant. It has high strength-to-weight ratio making the implant
framework lightweight. Such advantages have increased preference for titanium
among dentists and patients. This trend is expected to drive the demand for
titanium dental implants over the forecast period.
Porter's Analysis
Threat of new entrants: Low capital requirements and expertise required act as
barriers for new players entering the market.
Bargaining
power of buyers: Large number of buyers in the market decreases their
bargaining power.
Bargaining
power of suppliers: Suppliers have high bargaining power due to their
differentiated products and services.
Threat
of new substitutes: Alternate options like removable dentures, dental bridges
are potential substitutes which pose threat.
Competitive
rivalry: Market is dominated by few large players who compete on the basis of
innovation and quality.
Geographical Regions
North America accounts for the largest share of over 35% of the global dental
implants market in terms of value. This is majorly attributed to the rising
prevalence of tooth loss and dental diseases among the population in countries
like the US and Canada.
Asia Pacific region is poised to witness the fastest CAGR of around 4% during
the forecast period. Growing medical tourism coupled with increasing dental
awareness and expenditure is supporting the growth of the market in emerging
economies of China, India and South Korea.
Geographical Regions
Europe holds the second position with over 30% share of the total dental
implants market worldwide. Presence of major manufacturers, advanced dental
infrastructure and rising incidence of dental caries and periodontal diseases
are driving the adoption of implants in countries such as Germany, France and
the UK.
For more details on the report, Read- https://www.rapidwebwire.com/dental-implants-market-demand-share-analysis/
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