Dental implants market is to reach USD 13.01 billion by 2023.

Posted by Rahul G on January 19th, 2021

According to latest research report "Dental Implants and Prosthesis Market by Type (Dental Implants, Bridge, Crown, Abutment, Dentures, Veneers, Inlay & Onlays), Material (Titanium, Zirconium, Metal, Ceramic, Porcelain Fused To Metal), Type of Facility - Global Forecast to 2023", the overall market is expected to reach .01 billion by 2023 from an estimated .5 billion in 2018, at a CAGR of 6.5%. Some of the major factors driving the growth of this market are rising incidences of dental diseases, increasing demand for cosmetic dentistry, growing dental tourism in emerging markets, and increasing disposable income in developing countries.

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Market Dynamics

Increasing demand for cosmetic dentistry

With a higher disposable income, the willingness to undergo expensive cosmetic procedures has also increased in the population in various countries, specifically among the aging. Globally, there is growing demand for dental restoration solutions and for aesthetic treatments, such as whitening and polishing. The adoption of cosmetic dentistry is significantly booming in both developing and developed countries, primarily due to people’s changing lifestyles and growing focus on dental aesthetics, creating a greater demand for cosmetic procedures, such as polishing, whitening, and restoration solutions.

Over the years, smile restoration techniques have gained popularity among all age groups, but more specifically among people aged 40–55 years. Dental implantology, among the most rapidly growing segments in the cosmetic dentistry market, accounts for a major share of the overall market.

According to a survey by the American Academy of Cosmetic Dentistry (AACD) in 2015, 86% of 351 respondents opted for cosmetic dentistry to improve their attractiveness and self-esteem. It is also estimated that Americans annually spend about USD 2.75 billion on cosmetic dentistry. Bonding, whitening, and veneers were the most popular cosmetic procedures, preferred by 84% of the respondents. This rising preference for cosmetic dentistry, coupled with the rise in disposable income, is expected to significantly aid growth of the dental implants and prosthetics market in the coming years.

Key Players of markets:

The key players in the dental implants market include Institut Straumann AG (Straumann) (Switzerland), DENTSPLY Sirona Inc. (DENTSPLY Sirona) (US), Zimmer Biomet Holdings, Inc. (Zimmer Biomet) (US), Danaher Corporation (US), AVINENT Implant System (AVINENT) (Spain), Henry Schein, Inc. (Henry Schein) (US), OSSTEM Implant Co., Ltd. (OSSTEM Implant) (South Korea), DIO Corporation (South Korea), Merz Dental GmbH (Merz Dental) (Germany), Bicon, LLC (Bicon) (US), Shofu Dental Corporation (Japan), Thommen Medical AG (Thommen Medical) (Switzerland), and Southern Implant (South Africa).