Posted: November 28, 2018 / Source: Dentaltown
Edited by Dentaltown staff
LONDON—The global dental implants market is expected to reach $5.9 billion by 2028, growing at a compound annual growth rate (CAGR) of 4.9 percent between 2018 and 2028, according to GlobalData, a leading data and analytics company.
The company’s latest report, Dental Implant Devices, Global Outlook, 2015-2028 reveals that Asia Pacific will be one of the fastest growing regions at a CAGR of 6.4 percent between 2018 and 2028, with North America and South America following closely behind at 4.5 percent and 4.9 percent respectively.
Market growth is fairly strong despite low global penetration of dental implants. In most countries, dental procedures are out-of-pocket expenses, but improved reimbursement policy has stimulated especially high growth in South Korea.
“The titanium implant segment will continue to grow strongly due to the material's biocompatibility, strength, versatility and cost. Zirconia implants will also show growth, but this will be limited by associated problems that limit durability and placeability," says Sarah Janer, medical devices analyst at GlobalData.
Barriers to market growth include a lack of dentists trained in implant procedures, and little to no reimbursement for implant procedures in many countries.
“There is a large potential patient pool for dental implant procedures due to the high prevalence of periodontal disease in the global population. Growth in this market is due to the increasingly educated patient population that seek treatment, and the growth of emerging economies," Janer added.