Dental Implant Market Size, Share, Analysis and Forecast to 2028
Theglobal Dental Implant Market size is expected to reach USD 8.0 billion by 2028,according to a new report by Grand View Research, Inc. The market is expectedto expand at a CAGR of 11.0% from 2021 to 2028. Rising demand for toothreplacement has provided good growth potential to the market. The increasingnumber of dental injuries owing to road accidents and sports injuries are someof the major factors boosting market growth.
Withgrowing aesthetic awareness, people are exploring more treatment options, whichis leading to the growth of the market. For instance, as per the AmericanAcademy of Cosmetic Dentistry data, more than 95.0% of individuals across theglobe believe that their smile is a vital social asset and nearly 84.0%revealed to be under an increased pressure to perfect their smile, thusincreasing the product demand. Dental implants are considered the onlyrestorative technique that preserves and stimulates natural bone. Owing to thegrowing number of edentulous people, the demand for prosthetics is increasing,which is expected to be one of the major impact rendering drivers for themarket.
Severalindustries have halted their services due to the COVID-19 pandemic. However,the dental care industry is greatly impacted by the significant decrease inelective procedures, many of which are being postponed or canceled so thathospitals can focus their resources on treating patients with COVID-19. MajorCountries like the U.S and India procure raw materials and electroniccomponents from China, which has disrupted the supply chain of much dentalequipment and product manufacturers. However, with the decrease in thenumber of COVID-19 cases, hospitals are likely to begin scheduling electiveprocedures, depending on their capacity of admission and patients comfortlevel.
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Dental Implant Market Report Highlights
- The titanium implant type segment held the largest market share in 2020 due to its wide applications, durability, and cost-effectiveness
- Zirconia implants are anticipated to witness a lucrative growth rate over the forecast period due to better flexural strength, improved aesthetic appearance, and less corrosiveness as compared to titanium
- North America dominated the market in 2020 owing to high awareness about restorative treatments and the presence of established market players
