Dental implants already hold a substantial 18% share of the global dental device market, and are also expected to have one of the highest growth rates amongst all dental device submarkets. This is primarily because dental implants offer an effective treatment for edentulism and because of the rising demand for cosmetic dentistry worldwide across all age groups.
The global dental implants market is expected to grow from $3.2 billion in 2010 to $4.2 billion in 2015 at an annual rate of 6% from 2010 to 2015. Europe currently forms the world’s largest market for dental implants with a 42% market share, and is also expected to have the highest annual increase, 7%, from 2010 to 2015.
While the lack of consumer awareness in developing economies may hinder market growth, industry players still have immense growth opportunities as merely 2% to 3% of the global edentulous population has already received dental implant treatment so far. The aging baby-boomer population in developed nations offers an especially high-growth opportunity, as this consumer segment is characterized by high disposable income, and also by an increased need for dental care due to longer life expectancy.
The MarketsandMarkets report on the global dental implants market analyzes the market dynamics exclusively from the industry point of view. It aims at providing a two-dimensional picture of the market by focusing on all aspects of the dental implants market by reporting the key trends, which are further analyzed at the micro market levels, with market tables, drivers, restraints and opportunities along with the key players and competitive landscape. The report also provides more than 35 market tables for various geographic regions covering the sub-segments and micro-markets.
Dental implant technology has made great strides in recent years, providing patients with unparalleled levels of effectiveness, convenience, and affordability. This is one of the main reasons why so many dentists recommend dental implants as their preferred method to replace missing teeth. Dental implants can offer many benefits. Because they eventually fuse with the jawbone, they are more stable than dentures. People with dental implants may be able to talk and eat more easily because they don’t face the risk of their dentures slipping. Dentures require replacement when the gum tissue shrinks and changes the fit; implants are not affected by this problem. They don’t wiggle or slip, as dentures can, and they are healthier for the gums and bone. Most patients find implants easier to maintain than dentures.
There is a problem. An implant to replace a single tooth can cost $3000 to $4500 in the USA. Implants to replace a full or partial set of teeth can run from $20,000 to as much as $45,000.Implants typically involve the work of both a surgeon and a dentist. Several office visits may be needed to put in the screws and to add the prosthetic teeth.
The high costs of dental implants and the demand for cosmetic dentistry are seen as driving the growth in dental tourism. People are increasingly seeking treatment at a fraction of the cost abroad as the reputation of highly skilled dentists and state of the art technologies are reported. Americans tend to go mostly to South American countries while Western Europeans go to Eastern European countries such as Hungary, and Asia.
Dr. Pero Šutalo of Dental Implants Croatia, in Dubrovnik, Croatia comments on dental implants, “When it comes to dental treatment, let’s be realistic. We cannot offer an implant for 400 Euros because doing so is far below the standards of our clinics. We can offer quality implants from 700 to 1,000 Euros, made by global companies from the finest materials. Unfortunately, for all of us, choosing dental care providers just because they’re cheap is detrimental to the entire industry. It seems that some patients are not satisfied with saving up to 60 % on dental treatment abroad. We remain dedicated to the proposition of quality of the product as the main reason a patient should leave his home country and travel abroad. Quality patient care breeds loyalty, integrity and will build your business faster than offering severely discounted treatments and services.”