Dental implants market expected to double by 2018
NEW YORK, N.Y., USA: According to business report provider GBI Research, the dental implants market is set to almost double in value over the next six years. Owing to technological advancements and the aging population worldwide, the company expects a rapid increase in the use of dental implants in the near future. *
An analysis of the market for titanium and zirconium dental implants revealed that the global dental implants market is expected to grow at a compound rate of 10 percent from $3.4 billion in 2011 to $6.6 billion in 2018, GBI Research's health care experts said.
They found that the market is mainly driven by growing concerns about oral hygiene, increasing life expectancy and the availability of advanced solutions for dental implants based on digital dentistry, which increases procedure efficiency and reduces the incidence of adverse outcomes.
Moreover, the investigators observed an increasing preference for dental implants as a treatment option over conventional devices such as crowns, bridges or dentures. In addition to increasing adoption by dental professionals, more manufacturers are focusing on training and education programs on implants.
China, India and Brazil were identified as the fastest-growing markets globally, as they account for an enormous patient population owing to their large populations generally and large aging populations.
According to the American Academy of Implant Dentistry, about 15 million people in the U.S. still have crown and bridge replacements for missing teeth. However, an estimated 3 million have implants and that number is growing by 500,000 a year, the organization stated.
The report, titled "Dental Implants Market to 2018 — Technical Advancements and Procedure Efficiency are Resulting in the Increased Preference for Dental Implants over Traditional Dental Devices," can be purchased from the GBI Research website.