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| Global Dental Implants Market |
The global Dental Implants Market is estimated to be valued at US$ 5,049.7 million in 2023 and is
expected to exhibit a CAGR of 6.5% over
the forecast period 2023-2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
Dental implants are bio-compatible titanium rods or screws that are placed in
the jawbone to support dental prosthetics like dentures, bridges, or artificial
teeth. Dental implants provide a stable, durable and long-lasting solution for
tooth replacement compared to other methods like dentures. They mimic the root
structure of a natural tooth and help preserve surrounding bone structure.
Dental implants offer benefits like comfort, ability to chew or speak normally,
and preservation of facial structure unlike removable bridges or dentures. The
growing preference for dental aesthetics and rising incidence of oral health
issues are fueling the demand for dental implants globally.
Market key trends:
Increasing number of individuals receiving dental implants worldwide is a key
trend in the market currently. The COVID-19 pandemic temporarily affected the
dental implants market; however, a significant rise in dental implant
procedures has been witnessed since economies began reopening. According to the
American Academy of Implant Dentistry, over 3 million Americans have dental
implants placed each year. Rising disposable incomes coupled with the benefits
of dental implants over other tooth replacement options will continue driving
the global market over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat is medium as the dental implant market
requires high R&D investments and dental implant technology expertise which
pose entry barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is medium as the
dental implant procedures are elective but demand is increasing due to rising
dental disorders.
Bargaining power of suppliers: The bargaining power of suppliers is low due to
presence of numerous global players supplying raw materials and dental implant
components.
Threat of new substitutes: The threat is low as dental implants are a permanent
solution for tooth replacement over other substitutes like dentures.
Competitive rivalry: The competitive rivalry is high among the major players to
increase their market share through new product launches and strategic
partnerships.
Key Takeaways
The Global
Dental Implants Market size is expected to witness high growth,
exhibiting CAGR of 6.5% over the
forecast period, due to increasing prevalence of dental diseases and rising
dental tourism.
The North America region currently dominates the market and is expected to
continue its dominance during the forecast period. This is mainly attributed to
the growing medical tourism and availability of advanced dental treatment
options in the region.
Key players operating in the dental implants market are DENTSPLY Implants,
Straumann AG, Bicon Dental Implants, Anthogyr, KYOCERA Medical Corporation,
Lifecore Dental Implants, Zest Anchors, Implant Innovations Inc, BioHorizons
IPH, Inc., Neobiotech USA. Inc., Sweden & Martina, TBR Implants Group,
Global D, and MOZO-GRAU, S.A. DENTSPLY Implants and Straumann AG capture
majority of the market share owing to their robust product portfolio and global
footprint.
Read More: https://www.trendingwebwire.com/dental-implants-market-analysis/