Dental Implants Market Size Share Forecast 2024

Dental implants market has witnessed drastic rise in the last few years. A number of socioeconomic and technological factors have contributed to overall growth of the industry. Europe and North America account for 65.9% of global dental implants market revenue in 2016. However, market dynamics are expected to witness a major shift, with Asia Pacific and Latin America emerging as the fastest growing markets for dental implant over the forecast period (2016–2024). This is primarily attributed to aging baby boomers population with high spending power. Lately, the industry is witnessing change in market dynamics post-economic recession of 2008. The industry that was once fragmented is slowly shifting towards consolidation. One such example is the acquisition of Astra by DENTSPLY in 2011.

Dental implants market witnessed a very sluggish growth in terms of innovation post-1957. However, post 2000, many new companies emerged in the market leading to fierce competition among players in a highly fragmented industry. As a result, companies are emphasizing on product innovation to sustain and expand their global market presence. For instance, in 2016, Israel–based Magdent launched a miniature electronic device (MED) capable of accelerating bone growth three times faster than normal. The product is yet to receive approval from the U.S. FDA.

Dental implants market is expected to be primarily driven by various macroeconomic factors ranging from increased geriatric population, high per capita spending power, and decreasing cost for dental implants procedures worldwide. As per World Bank estimates, geriatric population is growing three times higher than overall population growth in U.S. The trend is somewhat similar across all regions, including Europe and Asia Pacific. According to Europa, over 25% of the Europe population is expected to be aged over 65 years by 2020. Market players can capitalize on highly lucrative growth opportunities in the market by strengthening their distribution channels, especially in emerging economies and focusing on introducing innovative and cost-effective products based on advanced technologies.

Download PDF Brochure of Research Report @

https://www.coherentmarketinsights.com/insight/request-pdf/89

Cosmetic and dental issues arise as a result of aging. According to National Institute of Dental and Craniofacial Research, geriatric population (aged 65 years and above) have an average of 18.9 remaining teeth, in turn creating a highly lucrative market for dental implants. Technological advancements coupled with high demand for dental implant procedure has resulted in a highly lucrative market characterized by high profit margin for players across the value chain. Advancements in technology allow for implants in people without a proper structured or weak jawbone. In 2015, dental implants accounted for over 15% share of global dental device market revenue.

Browse the Full Report at –

https://www.coherentmarketinsights.com/market-insight/elderly-and-disabled-assistive-devices-market-82

About us:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Name: Mr. Raj Shah

Phone: US +12067016702 / UK +4402081334027

Email: sales@coherentmarketinsights.com

Visit our Blog: https://hospitalhealthcareblog.wordpress.com/

Fall detection systems are tools to prevent accidental falls in elderly population. Geriatric population often faces risks of falling, and is a prevalent problem faced by them.