This article illuminates the importance of dental implants' global market in 2020. It discusses how their growing demand for the last few years has optimally impacted their annual turnovers.
Furthermore, the article lists the key industrial players and stakeholders taking an active part in this dynamic market. It also outlines the major regions where the global market for dental implants has witnessed the maximum growth.
Scroll down to know more about the global dental implants market in 2020. Here we go.
Dental Implants: Utility and Scope
Dental Implants feature as vital surgical and invasive tools in dentistry. Every dental hospital, private clinic, or medical facility has expert orthodontists who can mount dental implants over the gapped tooth.
Owing to the increasing number of people who prefer dental implants over standard dentures, their market has potentially taken up a positive trajectory.
Dental Implants Market
The year 2019 recorded a peaking up demand for titanium fabricated dental implants. This demand took a steep hike and attained a value of 4.6 billion USD with a CAGR of 9.0% from 2020-2027. The reasons for this accelerating demand are as follows:
An increasing demand for prosthetics in both developed and developing nations.
A hike in the number of road accidents, especially in developed countries. This is one of the major factors for the dismantling of the oral anatomy. As per the World Health Organization’s (WHO) data, nearly 10 million people every year get injured due to road accidents.
The amplifying disposable income and growth in the economy make people prefer these beauty restorative techniques.
Furthermore, nearly 60% of school children and 100% of adults across the world have undergone one or more types of dental implantations.
Limitations of Dental Implant Markets
Despite an incredible utility and scope in the future, here are some unavoidable shortcomings which the market for dental implants is likely to encounter:
Expensive dental implantation therapies.
The Asian regions figure least on the graph of the dental implantation market. This renders their low-income groups’ pretty price sensitive.
Europe: A Giant in the Dental Implant Market
The European continent dominates the dental implant market. This is because of the massive geriatric population in European countries. In fact, as per the European Statistics Commission, one-fourth of the European population is above the age of 60.
Next, the Asia-Pacific market for dental implants continues to expand due to a hike in people’s fluid income and preference for spending on durable and long-lasting dental solutions.
This mainly includes countries such as China and Japan who look forward to using and invest in the market of dental implants.
COVID-19 Impact on the Dental Implants Market
Despite growth and development all around the corners, the COVID-19 medical emergency has negatively impacted the market for dental implants.
This is mainly because of the complete lockdown in many countries which constituted a sudden shutting down of private dental facilities.
And even after the reopening of dental clinics, following all major norms of social distancing, many hospitals have witnessed a postponement in dental visits and appointments.
Nonetheless, the economy and medical regulations aim to revive the dental implants market in every possible way.
Key Players in the Dental Implants Global Market
Here is an exhaustive list of key players and stakeholders participating in the dental implants market:
Osstem Implant Co. Ltd.
Zimmer Biomet Holdings, Inc.
Dentsply Sirona Inc.
AVINENT Implant System
Ivoclar Vivadent AG
Starumann Holding AG
Henry Schein Inc.
Prime Developments in Global Dental Implant Market
In February 2016, Henry Schein, Inc. signed a treaty with Dental Cremer S.A., a dental supplies and equipment distributor in Brazil. The agreement made Henry Schein acquire the majority ownership interest of Dental Cremer.
In December 2017, The Straumann Group declared that the company has agreed to acquire Same Day Solutions (SDS), a dental distribution company based in Portugal. The Same-Day Solutions markets dental implants, whitening products, and biomaterials in Portugal.
In June 2018, Darby Dental Supply launched the Alfa Gate line of high-quality implants. Darby Dental Supply is one of the biggest dental distributors in the United States.
In June 2019, Zfx and Zimmer Biomet launched a new digital product line for Zimmer Biomet dental implant systems, Genk. The products act as a boon for restorative dental implants in the future.
So this was all about the developing market for dental implants in 2020 and even beyond. The industry is a flourishing sector and helps raise the global economy.
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