Albany, NY -- (SBWIRE) -- 12/07/2016 -- The global Dental Implant Market was valued at US$ 4.47 Bn in 2016 and is projected to expand at a CAGR of 7.5% during forecast period from 2016 to 2024 to reach US$ 8.18 Bn in 2024.

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Dental Implants are considered the most preferred treatment option for dental / oral health problems among dentists and physicians. Due to the growing population and unmet medical needs in developed and developing countries, they are expected to be the potential markets in the near future. Moreover, a rise in oral health care-related customer expectations brought about by an improvement in economic conditions and rising per capita disposable incomes is likely to drive the dental implants market.

This report provides market size and forecast for global dental implants market on the basis of type of products, materials, end-user and geography. The major geographies analyzed in the report include North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. In addition the regions have been further segmented into major country markets in each region. The report also provides country level market estimation for the U.S., Canada, U.K., Germany, France, Brazil, Mexico, China, Japan, India, South Korea, and Australia. Market revenue in terms of US$ Mn and volume in terms of units for the period from 2014 to 2024 along with CAGR % from 2016 to 2024 are provided for all the regions and nations considering 2016 as the base year.

Geographically, Europe accounted for the largest share of the global dental implants market in 2016 in terms of value, followed by North America and Asia Pacific. Europe is expected to continue its dominance during the forecast period from 2016 to 2024. Well-established health care infrastructure, availability of reimbursements, aging population, change preferences of life style, and/or high purchasing power of the general population are credited to the dominance of the region. Implant dentistry was developed in Europe, hence this makes it the most advanced and largest regional market. It is also the only region with some sort reimbursement policies for dental implants, but it's very limited and it is only available in some countries in Europe. Europe market is the 2nd largest supplier of oral regenerative products which gives companies international reach. Germany was a major market for dental implants market in Europe in 2016. After Germany, France, Italy, U.K. are driving the market growth. Change in lifestyle, particularly in the urban population, and technological advancements in treatment devices for dental implants are the significant factors likely to increase demand dental implants.

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North America accounted for the second largest share in the market. In North America U.S. is estimated to account for largest share of the market i.e. 92.9% of the market. According to a report published by the American Academy of Implant Dentistry (AAID) in 2014, approximately 45 million senior citizens in the U.S. are likely to require one or two complete dentures or dental implants by 2020. Additionally report by New York Times, estimates that, total health care budget in the U.S. is expected to reach US$ 4.8 Trillion to US$ 4.9 Trillion by 2021-2022. Companies in dental implant market in the U.S. are actively involved in mergers and acquisitions. The manufacturers of implants have started taking strategic decisions to engage in mergers and acquisitions to strengthen their product portfolio and increase their brand share in the market.

The dental implants market in Asia Pacific is expected to witness the rapid growth rate from 2016 to 2024. South Korea accounted for the maximum share in the Asia Pacific market in 2016 and is expected to dominate the market in the future with a very high share in 2024 with CAGR of 8.4%. In South Korea, reimbursement policy was introduced for senior citizens in 2014 and will be extended to a broader age group in year 2016/2017. This explains the increased penetration rate in South Korea. After South Korea, in Asia-Pacific region (China, India, and Japan) is estimated to grow at the decent rate owing to rise in geriatric population with periodontal diseases and healthcare services. Aging population is a serious challenge for social, economic development and sustainability worldwide. This is particularly observed in developing countries like China and India which has approximately one fifth of the global aged population. In terms of product type, the Endosteal segment and Titanium in terms of by materials are expected to witness significant growth in the region during the forecast period. Thus, APAC region the market is share is completely dependent on increase in population and time taken to accept of new technologies.

Brazil is a key market in Latin America. Because of the high acceptance of dental implant in Brazil, there is rise in demand for dental biomaterials. Brazil therefore represents by far the largest market in Latin America. Comparatively the Colombian market is the smallest but will experience rapid growth in near future due to the entry of new competitors. Latin America offers significant opportunities and after leading company Straumann acquired Neodent in 2012, it has enlarged their strategic options for addressing the huge non-premium segment in Latin America market.

Middle East & Africa (MEA) are also expected to contribute significantly to the global dental implant market in the near future. The average cost of dental implants are comparatively very low in Dubai and Israel as a result of decent price competition and the presence of a large number of successful local manufacturers which provide premium as well as value segments. Other important factors are increasing prevalence of continuously growing population, increasing investment in medical technology and medical tourism.

The dental implant market is largely consolidated, with the presence of several large global players and a few local players operating in the market. Major players profiled in this report include Danaher Corporation, Dentsply Sirona, Institut Straumann AG, and Zimmer Biomet Holdings, 3M Health Care, CAMLOG Biotechnologies AG etc.

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