The demand for dental implants is expected to grow exponentially on account of surging cases of dental disorders globally. Rise in prevalence of unhealthy habits, such as increasing consumption of junk foods on a regular basis and lack of exercise, might lead to periodontal diseases which may cause tooth decay and dental caries.
Dental disorders are regarded as one of the most common problems in the geriatric people and children. As per the Centers for Disease Control and Prevention report, the occurrence of total caries including both treated and untreated between the year 2015-16, was around 45.8%. Whereas, untreated caries among youth aged 2-19 years were 13%. As a result, prevalence of dental cases might steer the need for affordable dental implants.
Meanwhile, technological advancements in the dentistry space, progressive upgrades in dental surgeries, and the launch of minimally invasive dental procedures could play a crucial role in driving the overall use of dental implants. According to a report published by Global Market Insights, Inc., the dental implants market grossed over USD 4 billion in terms of valuation in 2019, and is estimated to experience 5% CAGR through 2026.
Mentioned below are few of the ongoing trends influencing the dental implants industry share:
Growing popularity of dental clinics –
Spreading awareness regarding the benefits of dental health supported by rising availability of skilled dentists might stimulate the demand for new dental clinics. Back in 2019, the dental clinics segment accounted for USD 2.5 billion in revenue, and is anticipated to showcase noteworthy growth over the forecast timeframe.
Increasing availability of advanced treatment instruments that ensure lower cost therapy could broaden the business horizon for dental clinics in the future. Additionally, factors like easy access, higher patient preference for clinics over hospitals, and rising presence of cosmetic dental clinics across developing nations could enhance the business outlook over the predicted timespan.
Proliferating demand from Asia Pacific –
Asia Pacific is considered to be a lucrative region for dental implant companies and is predicted to record a compound annual growth rate of 6.5% during the analysis period. This growth can be attributed to factors like improving disposable income across emerging economies, increasing number of federal dental programs & healthcare initiatives and substantial rise in the geriatric patient pool. Additionally, escalating dental research and development activities could massively favor the development of dental implant procedures in Asia Pacific.
Implementation of strategic growth ideas –
Established companies in the dental implants industry are taking part in a number of growth strategies like new product launches and marketing campaigns to enhance their overall business share and consumer base. Taking September 2020 for instance, Beyond Dental & Implant Center announced its first-ever Dental Implant Giveaway of $4,500 to one random Texas resident. This marketing campaign will help the company to improve its brand awareness in Texas.