Dental implants are implants in the jaw, placed below the gum line, providing a base for planting artificial teeth or bridge. 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. 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.
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With changing market dynamics, companies are emphasizing on product innovation and strengthening of distribution channel to sustain and expand their business reach worldwide. Various macroeconomic factors such as increased geriatric population, growing focus on aesthetics, rise in out-of-pocket spending, and establishment of quality healthcare institutions are expected to bolster sales of dental implant devices worldwide. On an average, over 20% of population in EU is aged over 65 years. Moreover, EU spends nearly 9% of its GDP on healthcare. Increasing consolidation, technological advancement, and company laying emphasis on strengthening distribution channels are some of the key dental implants market trends.
Post 1952, the dental implants market has grown manifold creating significant market opportunity for the industry players. As a result, many players have emerged in this highly fragmented industry. Though the industry players have immense market potential in terms of total addressable market, sluggish growth in terms of innovation has led to relatively lower CAGR than expected between 1980 and 2010. However, with increased market competition and growing consumer base, companies all round the world have accelerated product innovation and launches.
For instance, Nobel Biocare launched over three new implants in the market to sustain its market position post 2012. Magdent—an Israel-based company—launched miniature electronic device (MED) that is capable of accelerating growth of dental root three times faster than usual. 3D dental printing is a fast emerging segment that is expected to gain major traction in the near future. The dental implants market is projected to evolve more over the following 10 years than that in the previous 60 years.
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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.
Dental implant players are focused towards strengthening of direct distribution channel along with partnership with regional manufacturers and distributors. DENTSPLY Implants, Straumann AG, Bicon Dental Implants, Anthogyr, KYOCERA Medical Corporation, Lifecore Dental Implants, Zest Anchors, Implant Innovations Inc, and BioHorizons IPH, Inc., Neobiotech USA. Inc., Sweden & Martina, TBR Implants Group, Global D, and MOZO-GRAU, S.A. are some of the key industry players in dental implants market. Straumann AG and DENTSPLY Implants are leading players in Europe. However, there is a wide variation in Europe market, since there is high presence of regional players in Europe.
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For instance, while TBR Implants Group is a leading France-based dental implants manufacturer, Sweden & Martina holds significant market share in Italy. Nobel Biocare holds significant market share in Asia Pacific, with the company generating around 17% of its regional revenue from Japan.
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