The global dental implant and prosthetic market was valued at $7,574.0 million in 2015 and it is expected to grow at a CAGR of 7.3% during 2016-2022. Among the various dental prosthetics, the bridges and crowns segment is expected to witness the fastest growth, CAGR of 7.1% during the forecast period.
The global dental implant and prosthetic market is growing at a significant rate due to growing geriatric population, increasing dental awareness and increasing healthcare expenditure. The increasing incidence of tooth caries and periodontal condition and increasing focus on dental quality are also driving the growth of the global dental implant and prosthetic market.
The technological advancement and innovation in dental implant surgery have led to the high compliance for dental implants across the globe. The developments in computer guided surgery have resulted in higher success rate and faster implant procedures. 3D imaging has reduced the risk associated with dental implant surgeries. 3D imaging helps dentist to assess density of bone, and locate nerves and blood vessels prior to surgeries. This has made dental implant surgeries highly successful and safe. Similarly, bone augmentation and mini implants are also creating huge demand for dental implants in the global market. The several benefits of bone augmentation and mini implants are attracting patients for early treatment; therefore increasing the demand for dental implants.
Dental implant is a fixture inserted in the jaw, which act as a tooth root and is restored with the help of crown, bridge or denture. It replaces absent tooth roots that look, feel and function like natural teeth. Titanium and zirconium are used to manufacture dental implant, as they offer durability and strength with their unique properties and fuses directly into the bone. Dental implants also help to restore residual bone by providing stimulation and preventing future bone loss. Factors such as high cost of dental implants and limited dental reimbursement are inhibiting the growth of the global market.
Geographically, Europe was the largest contributor to the global market of dental implant and prosthetic in 2015; whereas the Asia-Pacific market is expected to witness the fastest growth, a CAGR of 8.0% during the forecast period. The growth is driven by growing geriatric population, increasing medical tourism, increasing dental awareness and increasing healthcare expenditure in the region.
Some of the key companies operating in the global dental implants and prosthetics market include Straumann Holding AG, DENTSPLY International Inc., Zimmer Biomet Holdings Inc., Danaher Corporation, Osstem Implants and AVINENT Implant System.
News Courtesy: P&S Market Research