How much will the Dental Implants industry be worth in the Future????Posted by Mrudula Anil Karmarkar on January 11th, 2021 The global dental implants market size is expected to reach a value of USD 9.0 billion by 2027, registering a CAGR of 9.0% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for tooth replacement has provided good growth potential to the market. Increasing number of dental injuries owing to road accidents and sports injuries are some of the major factors boosting the demand. With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor. With growing aesthetic awareness, people are exploring more treatment options, which is leading to the growth of the market. For instance, as per the American Academy of Cosmetic Dentistry data, more than 95% of individuals across the globe believe that their smile is a vital social asset and nearly 84% revealed to be under an increased pressure to perfect their smile, thus increasing the product demand. Dental implants are considered as the only restorative technique that preserves and stimulates natural bone. Owing to the growing number of edentulous people, the demand for prosthetics is increasing, which is expected to be one of the major impact rendering drivers for the market. Further key findings from the study suggest:
The global dental implants market size was valued at USD 4.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.0% from 2020 to 2027. Increasing applications of dental implants in various therapeutic areas along with increasing demand for prosthetics are some of the key factors expected to boost the market growth. Prosthetics play a major role in propelling the demand for these implants through oral rehabilitation, which helps in restoring oral function and facial form of a patient. Acceptance level for dental implants is increasing among patients and dental surgeons due to limitations of removable prosthetics, such as discomfort, lack of natural appearance, and need for maintenance. Prosthetics mounted on dental implants do not encroach soft tissues and enhance aesthetics, which is further expected to drive the market growth. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/695/ibb The market is dominated by key market players such as BioHorizons IPH, Inc.; Nobel Biocare Services AG; Zimmer Biomet Holdings, Inc.; OSSTEM IMPLANT; Institut Straumann AG; Bicon, LLC; Leader Italy; Anthogyr SAS; DENTIS; DENTSPLY Sirona; DENTIUM Co., Ltd.; T-Plus Implant Tech. Co.; and KYOCERA Medical Corporation. The companies are focusing on strategic initiatives such as the introduction of novel products through customization according to consumers’ needs, partnerships, collaborations, and mergers and acquisitions to expand their product portfolio and extend leadership positions in the field of dental implantology. For instance, Zimmer Dental introduced Zimmer Zfx CAD/CAM Abutments in titanium in partnership with Zfx to expand its global presence in digital dentistry by providing complete dental solutions. Furthermore, in February 2016, DENTSPLY International, Inc. merged with Sirona Dental Systems, Inc. for diversification of the portfolio of dental products. Grand View Research has segmented the global dental implants market on the basis of type: Dental Implants Type Outlook (Revenue, USD Million, 2016 - 2027)
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