The dental implants and prosthetics market was valued at US$8.714 billion in 2018 and is projected to expand at a CAGR of 7.96% over the forecast period to reach US$13.793 billion by 2024. The rise in demand for implants and prosthetics is majorly attributed to the growing demand for cosmetic dentistry.
Dental implants and prosthetics are used for either filling oral cavities or replacing them with a concrete solution. According to WHO, more than 3 billion people in the world are affected by oral health problems. A dental implant is a kind of oral prosthetic in which the gum is opened up and in the cavity is positioned a prosthetic crown. The basis for modern dental implants is a biologic process called osseointegration, in which the implant materials such as titanium form an intimate bond to bone. Planning the position and number of implants is key to the long-term health of the prosthetic since biomechanical forces created during chewing can be significant.
The rising global geriatric population coupled with the rising number of road accidents worldwide has led to a surge in the number of people opting for dental implants. According to the American Academy for Implant Dentistry, over 15 million people in a year in the U.S. undergo bridge and crown replacement for missing teeth. Technological advancements in oral implantology and growing demand for cosmetic dentistry provide opportunities for the growth of the dental implants market during the forecast period. The increasing shift of preference towards metal-free solutions and aesthetics is amongst the major driving factors for the dental implants and prosthetics market. However, the high cost of implants and lack of awareness about the procedures is restraining the growth of dental implants and prosthetics market.
By Material
By material, the dental implant and prosthetics market has been segmented into metals and alloys, and non-metals. Metals and alloys are projected to hold a major share, owing to the benefits offered by titanium implants, such as high biocompatibility, strength, rigidity, greater strain-bearing capacity, and greater corrosion resistance properties.
By End-User
By End User, the dental implant and prosthetics market has been segmented into hospitals, clinics and academies, and research laboratories. The dental clinic is expected to hold a significant share in the market owing to the rising number of them across various regions.
By Geography
Geographically, the dental implant and prosthetics market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Europe is expected to hold a significant market share due to excellent infrastructure pertaining to oral healthcare coupled with the rising demand for oral healthcare by people of all age groups in the region.
Segmentation
The dental implant and prosthetics market has been segmented by type, material, end-users, and geography.
By type
By Material
By End Users
By Geography
North America
Europe
Middle East and Africa
Asia Pacific