Seeing an increased demand for dental implants?
Implants have changed the face of dentistry over the past quarter century, and the market is continuing to soar.
The global dental implants and prostheses market, which generated $7.68 billion revenue in 2017, is expected to see a compound annual growth rate of 8.8% through 2023, according to Allied Market Research. A report on ResearchAndMarkets.com placed the market at $9.50 billion in 2018 and projected it to reach $13.01 billion by 2023.
What’s driving the demand? The growing geriatric population and corresponding age-related dental diseases, rising prevalence of tooth decay and periodontal diseases across the globe, increasing popularity of cosmetic dentistry procedures, increasing awareness and concern about oral hygiene, and the growing number of implant-placing dentists, according to market reports.
Within the implants market, titanium implants accounted for the largest share of the market, owing to benefits such as high biocompatibility, strength, rigidity, greater strain-bearing capacity, and greater corrosion resistance properties.
Dental implants make up just over 50% of the market for implants and prostheses, while the rest of the market includes bridges and crowns, dentures, and abutments. Europe held the largest share in the dental implants and prostheses industry, making up 41% in 2017—mainly due to the region’s increasing demand for cosmetic dentistry and a high prevalence of dental issues including periodontal diseases in the region.
Evidenced by frequent introductions of updated, revamped, and even new implant systems, the global research and development into better implant systems is robust and continuous. Read more about the ongoing innovations in implant dentistry, here.