In 2020, the dental implant market suffered extreme consequences from the global COVID-19 pandemic. Despite this, the market expects to recover by 2020 and increase at a CAGR of 11.6% to reach 6.8 billion by 2027. iData’s report on the global dental implant and final abutment market includes separate analysis for dental implants and final abutments. The dental implant market includes segments for premium, value and discount implants. The final abutment market includes segments for stock, custom cast and CAD/CAM abutments. Throughout this blog, we provide answers to two main questions:
What does the future have in store for dental implants?
What are some of the significant trends per segment?
FUTURE OF THE GLOBAL DENTAL IMPLANTS MARKET
As many are aware, in 2020 the world was struck with a terrible outbreak of COVID-19. COVID-19 later went on to be classified as a global pandemic, forcing lockdowns worldwide. During this time, most elective surgeries and minor procedures experienced delays as, at the time, they were not deemed essential. However, as many continue to receive their vaccines around the globe, the market started to recover and iData’s analysts expect it to return to pre-pandemic volumes by 2022.
One of the major drivers of the dental implant market in it’s recovery following COVID-19 surrounds demographic factors. The rising global population generally supports most healthcare markets as, when humans age, they typically require greater care and are more prone to severe injuries. Additionally, edentulism rates are highly correlated with age which encourages the growth of the dental implant market. There are many regions around the world with a high growth potential due to increased access to healthcare. Many of these regions have very low penetration rates of implants which may serve as major growth opportunities within the market.
DENTAL IMPLANT MARKET TRENDS
Growth within the dental implant market can be attributed to the increasing accessibility of dental health worldwide. Additionally, both patients and dental professionals are becoming more educated and aware of the benefits of dental hygiene and practices. Because of this, the number of patients worldwide who are missing and in need of multiple teeth and now seeking treatment and receiving dental implants. Consequently, this trend towards dental hygiene and improved aesthetics is increasing the number of dental implants placed while also driving up unit sales.
However, there is a down-side that follows this trend. As more patients and dental professionals become educated, there will be lower rates of edentulism. This, in turn, will likely limit the demand for dental implants and become a potential long-term limitation to the global market’s growth.
FINAL ABUTMENT MARKET TRENDS
Similar to the dental implant market, the final abutment market has been steadily growing. As mentioned above, there is an increase in the number of dental implants which directly impacts the final abutment market. Essentially, the more dental implants the more abutments as the vast majority of implants actually require an abutment. Therefore, the increased access to healthcare worldwide, as well as demographic factors, are two major drivers for the final abutment market.
One major trend within the final abutment market is the increase in popularity of, and access to, CAD/CAM systems. The newfound popularity surrounding CAD/CAM systems will additionally continue supporting growth within the final abutment market into 2027. CAD/CAM systems have seen massive increases in popularity in the last few years. These systems are so popular as they offer more flexibility in terms of shape and size. Having different options is beneficial as every individual is unique and many times there are no ideal stock abutments available.
FURTHER GLOBAL MARKET INSIGHTS
iData’s MedSuite report further includes insights surrounding average selling prices, unit sales, additional market drivers and limiters, a complete competitive analysis with all of the competing companies, a SWOT analysis on each of the companies included, and much more. Additionally, iData offers dental implant market reports for the United States, Europe, Latin America (Argentina, Brazil, Mexico) and Asia-Pacific (Australia, China, India, Japan, South Korea). If you’re curious to know what else the future has in store for this market, follow the link below.