Published Date : 26 May 2022
As per Precedence Research, the global dental implants market is expected to reach the value of US$ 6.31 Billion by the end of 2030 and is anticipated to grow with a healthy growth rate of 5.7% from 2022 to 2030.
The growing geriatric population is boosting the growth of global dental implants market. The global elder population intends to increase at an incredible rate, as per the new report of World Population Ageing 2019. In 2019, there were around 703 million individuals aged 65 and more, with the population of the elderly expected to rise to 1.5 billion by 2050. According to data from the World Health Organization, almost 10 million individuals are injured or incapacitated every year as a result of traffic accidents. Furthermore, the American Academy for Implant Dentistry estimates that over 15 million people in the U.S. replace missing teeth with bridges and crowns each year, supporting the need for dental implants.
Scope of the Report
|Market Size in 2021||USD Billion|
|Revenue Forecast by 2030||USD Billion|
|North Americ Market Share in 2020||38%|
|Titanium Implants Market Share in 2020||92%|
North America is the largest segment for dental implants market in terms of region. The U.S. is dominating the dental implants market in the North America region. The factors such as growing geriatric population and growing awareness among the consumers are driving the dental implants market in North America. 3 million people have dental implants, as per the American Academy of Implant Dentistry. Thus, the growing number of dental implants is propelling the growth of North America dental implants market.
Asia-Pacific region is the fastest growing region in the dental implants market. India and China hold the highest market share in the Asia-Pacificdental implants market. One of the significant factors driving the growth of Asia-Pacific dental implants market is the adoption of innovative technologies such as computer aided design (CAD) and computer aided manufacturing (CAM). In addition, the increase in senior population and rising disposable income are factors that are supporting the Asia-Pacific dental implants market growth.
Surge in demand for cosmetic dentistry
As per the 2015 poll conducted by the American Academy of Cosmetic Dentistry, 86% of 351 respondents chose cosmetic dentistry to enhance their beauty and identity. Cosmetic dentistry is also predicted to cost around $2.75 billion each year in the U.S. The most popular cosmetic procedures were veneers, bonding, and whitening with 84% of respondents preferring them. Hence, the surge in demand for cosmetic dentistry is driving the expansion of worldwide dental implants market.
Lack of reimbursement policies
Several insurance companies in industrialized countries of Europe and North America regard dental implants to be cosmetic product, and hence provide low or no payments for them. Even under developed regions do not have proper reimbursement policies in healthcare sector. Thus, lack of reimbursement policies is hindering the growth of worldwide dental implants market.
Growing prevalence of dental disorders
During the years 2011-2016, the incidence of edentulism among older persons was around 9%, as per the statistics from the Centers for Disease Control and Prevention. The growing cases of tooth loss is driving the dental implants market growth. As a result, growing prevalence of dental disorders is creating lucrative opportunities for the expansion of the global dental implants market.
High cost of implants procedures
The cost of dental implants process is quite as compared to other type of procedures. Due to lack of resources in developing and underdeveloped regions, the cost of implants procedures is high. In addition, the growing awareness regarding dental implants is emphasizing the importance of dental implants globally. Thus, high cost of implants procedures is the biggest challenge for the expansion of global dental implants market.
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