The dental implants market is experiencing a significant upswing, with projections indicating a robust growth trajectory. In 2016, the market was valued at $3.619 billion and is anticipated to flourish at a compound annual growth rate (CAGR) of 6.3% from 2016 to 2024. This surge is fueled by a combination of factors, including an aging population, a heightened emphasis on aesthetic appeal, increased personal healthcare spending, and the establishment of top-tier healthcare facilities.
A pivotal factor contributing to the expansion of the dental implants market is the aging demographic, particularly in the European Union, where over 20% of the population is 65 years or older. The EU allocates approximately 9% of its GDP to healthcare, showcasing a strong commitment to health services, which includes dental care. The National Institute of Dental and Craniofacial Research reports that individuals aged 65 and above have an average of 18.9 remaining teeth, underscoring the potential for dental implants within this age group.
Technological advancements have revolutionized dental implant procedures, enabling their application even in patients with insufficient jawbone structure. In 2015, dental implants constituted over 15% of the global dental device market revenue. Titanium implants, known for their durability, dominated the market with a 44.7% revenue share in 2015. However, the emergence of zirconia implants, which are corrosion-resistant, is expected to outpace titanium, with the segment projected to grow at the highest CAGR by 2024.
Europe is poised to maintain its dominance in the dental implants market through 2024, with an anticipated market share of 30.8%. Germany, in particular, invests more per capita in dental care than any other European country. Meanwhile, Asia Pacific and Latin America are emerging as rapidly growing markets, with India projected to experience the highest regional CAGR during the forecast period. The "Make in India" initiative is likely to boost domestic manufacturing, including dental products.
The dental implants market is witnessing a shift from fragmentation to consolidation, as exemplified by DENTSPLY's acquisition of Astra in 2011. Key players in the market include DENTSPLY Implants, Straumann AG, and a host of others, all vying for a significant share of this lucrative market.
The global dental implants market is on an upward trajectory, driven by demographic shifts, technological advancements, and strategic market consolidations. For a more in-depth analysis, readers can request a sample copy of the market report from Coherent Market Insights.
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