Global dental implants and prostheses market is projected to attain a size of $10.3 billion by 2023, according to P&S Intelligence.
The dental implants and prostheses market is expected to advance at a CAGR of 6.1% during the forecast period (2018–2023), due to the surging incidence of dental problems, amplifying popularity of cosmetic dentistry procedures, soaring number of dental implant surgeries, booming geriatric population, escalating healthcare expenditure, and rising concern and awareness regarding oral hygiene. Owing to these factors, the market value is projected to grow from $7.2 billion in 2017 to $10.3 billion by 2023.
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The expansion of the aged patient pool has become one of the prime factors supporting the market growth. Edentulism, a tooth loss condition, is common among the elderly and one of the key factors that propel people to undergo dental implant procedures and intraoral scanning. Edentulism is caused by aging, periodontal disease, dental caries, and an unhealthy lifestyle. According to the 2019 World Population Ageing report, the global population of people aged 65 years or above will reach 1.5 billion by 2050 from 703 million in 2019.
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The type segment of the dental implants and prostheses market is classified into dental implants and dental prostheses. In 2017, the dental implants category held the larger market share, on account of the cost-effectiveness of these products and continuous research on mini dental implants. This category is further bifurcated by material and by procedure. The material category includes metallic, ceramic, polymeric, and others, whereas the procedure category encompasses root form and plate form. Further, the dental prostheses category is divided into bridges and crowns, dentures, and abutments.
Thus, the rising concern about oral health, booming elderly population, and flourishing dental tourism industry will stimulate the market growth in the coming years.
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