The dental implant market is already big. And, according to a new research study, it’s only going to get bigger in the coming years.
Market Research Future predicts that, globally, dental implants will become a $5.9 billion industry. There are a number of reasons for this anticipated growth.
Top Reasons For the Massive Growth of the Dental Implant Market
First and foremost is that the geriatric population is rising exponentially. And since teeth tend to rot, fall out, etc. with age, the more elderly folks we have around, the greater the demand for dental implants will be.
Another factor driving this growth is increasing awareness of oral health in general – and dental implants, specifically. Through education and through marketing, more and more people are aware that they need to take good care of their teeth and gums. This has also led to a great awareness of the role that dental implants can play in maintaining good oral health.
The report also cites increases in the rates of oral cancer and the “escalation of revenue generated from the market” as other factors fueling the growth of the dental implant market.
While these things are helping to fuel the growth of the dental implant market, there are other factors that are actually holding it back.
Factors Inhibiting the Growth of the Dental Implant Market
Dental implants do have a good success rates, however, there can be long-term complications involved. And concerns about those complications (which include post-surgery infections) are one of the factors holding back growth.
The high prices of dental implants is another factors holding the market back. With costs for a full set of implants ranging from $24,000 – $100,000 in the United States, dental implants may simply be out of the price range of many who could benefit from them.
Global Market Breakdown
Not surprisingly, with its relative wealth and a sizable population who are missing all their teeth in one or both jaws, the Americas dominates the market globally. In fact, North America makes up a little over 37% of the dental implant market.
The Asia-Pacific is expected to be the fastest growing region of the world for the dental implant market. This largely untapped marketing has an enormous population that’s suffering from poor oral health. In this part of the world, Japan has a developed economy with established technology to treat dental implants and a healthcare system that gives people relatively easy access to the technology.
In less developed areas of the Asia-Pacific, countries are becoming more willing to adopt technology used in developed countries to improve the quality of life for their residents facing oral health issues. This is contributing the growth of the Asia-Pacific dental implant market which is expected to grow around 7% a year.
Growth in the European market is being driven by an aging population and the governments spending more on dental related issues. Due to these, and other factors, it is also considered a fast growing market for dental implants.
It will be interesting to see how accurate this report turns out to be and how new technologies such as robotics and 3D printing affects the rate of adoption of dental implants, the quality of implants and, perhaps most of all, the cost of dental implants.
The full research paper can be found here – https://www.marketresearchfuture.com/reports/dental-implants-market-2753