The global dental implants market will total $6.81 billion by 2024, according to Research and Markets. The analyst company attributes this growth to road accidents and sports injuries, as well as to growing aesthetic awareness among patients, which is pushing people to explore more conservative treatment options.
Dental implants are considered the only restorative technique that preserves and stimulates natural bone, Research and Markets states. Owing to the growing number of edentulous people, the demand for prosthetics is increasing, which also is driving the market.
Research and Markets expects the highest compound annual growth rate (CAGR) in the Asia-Pacific region due to its increasing economic stability and spending capacity. Growing healthcare dispensing power in countries like Japan will aid in the high cost of implant procedures. The increasing base of dentists and implantologists in China will contribute to growth as well.
Europe held the largest share of the market in 2015, with $1.5 billion, primarily due to its high geriatric population base. The presence of key companies also contributes to this market share. Furthermore, Europe in particular has seen a growing number of sports-related facial injuries, leading to growing demand for oral rehabilitation.
Titanium dominates the overall market because of various applications during surgical placements. One-stage and 2-stage titanium implants provide a cost-effective solution for dental implant treatments due to their long lifespan, Research and Markets states. However, titanium is prone to corrosion.
Zirconia implants will grow at a faster CAGR of more than 8.0% through 2024. The research company says that zirconia implants have enhanced the outcome of dental implant treatments. Zirconia also is a corrosion-free material, which is an added advantage.