According to The Insight Partners new research study, titled “Dental Implants Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Material, and End User,” the market is expected to grow from US$ 4,824.96 million in 2021 to US$ 8,075.98 million by 2028. It is estimated to grow at a CAGR of 7.6% during 2021–2028. Factors driving the dental implants market growth are the rising cases of tooth loss, elevating demand for cosmetic dentistry, and technological developments in dental implants.
The dental cosmetic industry has received massive traction over a period. The major goal of this field of dentistry is to enhance the appearance of gums, teeth, and bites. Surgical procedures that involve smile correction and different aesthetic procedures drive the demand for cosmetic dental implants and accessories. Baby boomers and millennials are the prime contributors to the cosmetic dentistry business growth. Although dental implants are more commonly used in dental treatments of the elderly populations, the share of the younger generation opting for dental implantation procedures instead of bridges is on the rise. Aside from serving the purpose of restoring teeth functions, dental implants also go well with the trend of natural-looking teeth and can last as long as regular teeth.
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Danaher; Zimmer Biomet; Institut Straumann AG; Adin Dental Implant Systems Ltd; Dentium USA; DENTSPLY SIRONA Inc.; DIO.; Osstem UK; Bicon, LLC; and AVINENT Science and Technology are among the leading companies operating in the dental implants market.
The dental implants market is analyzed on the basis of product, material, end user, and geography. Based on product, the market is segmented into dental bridges, dental crowns, dentures, abutments, and others. The dental implants market, based on material, is categorized into titanium implants, zirconium implants, and others. Based on end user, the market is segmented into hospital & clinics, dental laboratories, and others.
In terms of geography, the dental implants market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America).
The American Academy of Cosmetic Dentistry (AACD) is the primary dental care service provider for patients seeking to maintain their health, function, and look for their lifetime. According to the American Society for Plastic Surgery (ASPS), cosmetic dentistry experienced a recent boom of 47% in procedures demanded by people belonging to the age group of 51–64. Aesthetic procedures are no longer restricted to only the rich and famous. A large middle-class population in Europe undergoes these procedures due to the high urge to have enhanced aesthetic appeals. Moreover, easy accessibility and practicality are the major factors driving the popularity of dental and reforming surgical procedures. Thus, the vast adoption of cosmetic dental procedures that involve the use of dental implants supports the dental implants market growth.
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The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaboration.
Below is the list of the growth strategies done by the players operating in the dental implants market:
In December 2021, the Group announced signing an agreement to acquire a controlling stake in Nihon implant, a leader in dental implant treatment concierge in Japan. The acquisition supports the Group’s strategic priority to build a consumer presence for expansion and access to healthcare consumers
In August 2021, the Straumann acquired Medical Technologies LLC, a well-established distributor of dental implant system in Russia, strengthening the local subsidiary base.
December-2021 – DENTSPLY SIRONA Inc. and 3Shape expanded their partnership to include a secure and seamless integration of Dentsply Sirona’s Connect Case Center with 3Shape’s Dental System software. Dentists who use Primescan or Omnicam intraoral scanners for digital impressions use the Connect Case Center Portal to give dental labs secure access to the data.
Feb-2021 – Zimmer Biomet Holdings, Inc. announced its intention to spin off the Company’s Spine and Dental businesses to form a new and independent, publicly-traded company (“NewCo”). The planned transaction will enhance the focus of both Zimmer Biomet and NewCo to meet the needs of patients and customers and is expected to achieve faster growth and deliver greater value for all stakeholders.
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