Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Dental Implant Market Insights
Dental implants are witnessing steady growth in demand, owing to rising geriatric population and higher inclination of the populace towards maintaining aesthetic looks. Moreover, the demand for dental implants is steadily increasing as the procedure offers a solution for placement of artificial teeth in upper and lower jawbone. In addition, technological advancements coupled with high demand for dental implant procedure has resulted in a highly lucrative market characterized by high profit margin for players across the value chain.
The global dental implant market is estimated to be valued at US$ 4,237.2 million in 2019 and is expected to exhibit a CAGR of 6.5% during the forecast period (2020-2027).
Figure 1. Global Dental Implant Market Value (US$ Mn) & Y-o-Y Growth Analysis, (2016 & 2027)
Source: Coherent Market Insights Analysis (2020)
Adoption of inorganic growth strategies by key players is expected to drive the global dental implant market growth.
Manufacturers operating in the dental implant market are engaged in the adoption of inorganic growth strategies such as acquisitions and collaborations, in order to enhance their dental care product portfolio. For instance, in January 2020, Unident AB (Unident), a portfolio company within the Triton Smaller Mid Cap Fund (TSM) completed the acquisition of Dental Systems Oy (Dental Systems) and GAMA Dental AB (GAMA Dental). This acquisition of is expected to strengthen Unident’s presence in Finland and Sweden markets, respectively. Moreover, both acquired companies were engaged in development and commercialization of dental equipment, consumables, and supplies.
The increasing product launches by key players for dental implants is expected to drive the dental implant market growth over the forecast period. For instance, in October 2015, Sterngold Dental launched Sterngold Implant System at the American Academy of Implant Dentistry (AAID) in Las Vegas, U.S. The Sterngold Implant System include one surgical system with multiple restorative platforms such as TRU Implant (conical connection) and PUR Implant (tapered internal hex).
Increasing incidence of oral health diseases such as cavities and gum disease is a major factor that is expected to drive growth of the global dental implant market.
The factors leading to oral health diseases include unhealthy diet, tobacco use, excess alcohol consumption, and poor oral hygiene. For instance, according to the Global Burden of Disease Study, in 2016, around 3.58 billion people, globally, were affected with dental caries (tooth decay) in permanent teeth. Moreover, according to the WHO, in 2012, around 60-90% of children had dental cavities and around 15-20% of population in the age group of 35-44 suffered from severe periodontal disease globally.
Global Dental Implant Market- Restraints
However, growth of the global dental implant market is expected to be hampered over the forecast period, owing to increasing product recalls for dental implants. For instance, in November 2017, the U.S. Food and Drug Administration issued a product recall notice to recall Tapered Screw-Vent MTX Model TSVTB11, developed by Zimmer Dental Inc. due to inadvertently crack on implant vial caps in the recalled implant lot.
Global Dental Implant Market- Regional Analysis
Regional segmentation of the global dental implant market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to hold a dominant position in the global dental implant market over the forecast period, owing to presence of major players in the region such as Neodent Dental Hub. For instance, in March 2014, Neodent Dental Hub, a dental implant company received the U.S. FDA approval to launch its dental implant system in the U.S. market. Moreover, in May 2018, Straumann Group signed an agreement with Zirkonzahn USA Inc., for co-development and co-marketing activities for dental clinics and technicians in the U.S. and Canada.
Europe is expected to witness significant growth in the global dental implant market over the forecast period, owing to rising product launches in the region, which is expected to drive the dental implant market in Europe. For instance, in November 2018, Institut Straumann AG launched new dental products, including a new two-piece ceramic implant (PURE ceramic implant) and a mini-implant system at 27th Annual Scientific Meeting of the European Association for Osseointegration in Vienna, Austria.
Figure 2: Global Dental Implant Market Share (%), By Region, (2019 & 2027)
Source: Coherent Market Insights Analysis (2020)
Global Dental Implant Market- Competitive Landscape
Key players operating in the global dental implant market include 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.