Profits In The Global Market For Dental ImplantsTo Reach Its’ Highest by 2020
The dental implant technology has revolutionized treatment for patients around the world and it’s continuing to make its strides in the global market. In fact, according to the website Dentistry Today, the market for dental implants will grow at a steady annual rate of 9.2%. In 2014, the industry saw its’ global profits at 4,508.9 billion and it’s predicted that it will increase to 7,879.5 billion by the end of 2020.
The market for dental implants is divided into four geographical locations: the Americas, Asia-Pacific and Europe and the Middle East. The leading geographical contenders contributing the most profit to the dental implant global market are Europe and North America. This is a direct result of governmental support in the scientific research and development efforts of new dental technology. According to The American Academy of Dental Implant Industry, the market for both North America and Europe is expected to reach $4.2 billion dollars by 2022 combined.
What’s The Reasoning For The High Demand Of Dental Implants Globally?
Research analysts at Technavio may have found the answer. They’ve concluded that the hike in demand for this product is primarily influenced by evidence-based dentistry, the extensive use of computer-aided design and manufacturing technology and an increased demand for oral care.
Although the prospects of dental implants seem to be on the upside, there are a few challenges that are currently being revamped to remove the monetary constraint. The first hurdle is the limited reimbursement opportunities available for dental implants and affordability. Medical professionals and governments are working together to remove these minor issues and as a result, the profits will be propelled even further.
Evidence – Based Market Influence
According to the American Dental Association, the evidence-based practice model is commonly used by dental professionals around the world. This method consists of an adaptation of a dentist’s clinical knowledge used to determine the needs of their patients. They confirm their knowledge with previous clinical information and evidence to provide a thorough resolution. This model also assists implant providers in developing specific protocols to make the dental implant treatment more accessible and affordable to the general consumer.
Medical professionals are continuously using the evidence-based method to learn and develop new performance standards and technologies for dental implants. The steps mentioned above are proven to contribute to the global market sales due to the extensive research conducted by dental professionals. It also opens the door in the future for dental implant affordability.
Computer Aided Technological Market Influence
Computer aided design and manufacturing technology are effective at creating minimally invasive dental implant installations. This technological advancement has also made the recovery time much faster. As a result, more people are willing to install dental implants to restore their missing teeth and it adds to the profitability of the market.
In addition, computer-aided design and manufacturing technology gives dental professionals the ability to customize implants that perfectly resemble a patient’s natural teeth. According to the lead research analyst at Technavio, minimally invasive procedures that are used with modern laser equipment have early detection abilities that can diagnose oral diseases easier and more precisely.
The Increased Demand In Oral Care Influence On The Market
The Centers for Disease Control and Prevention concluded that 47.2% of adults who are 30 years old and over have periodontal disease and it increases dramatically to 70.1% for adults over 65. Oral health is directly linked to heart disease – the leading cause of death worldwide. As a result, many organizations and governments are creating initiatives and campaigns that help raise awareness in regards to oral care.
Accordingly, these efforts will influence the mindset of many people while promoting a healthy culture by infusing positive dental programs into public health systems. As a direct effect and with great marketing techniques, these initiatives will boost the dental implant market because people are aware of the positive effects that dental implants provide. The World Health Organization is creating oral health policies that reduce the risk of oral disease and is working with various countries to integrate programs to the public health systems.
Additionally, high costs of dental implant treatments in countries like the United States and the United Kingdom have increased the growth of medical tourism in different countries around the world. Some of these countries include India and Costa Rica to name a few. This contributes to the global market and brings worldwide awareness to the product.
Key Vendors In The Dental Implant Market 2016 – 2020
Below you will find the top leading dental implant vendors around the world, and each administers the leading products in dental implants. These companies are continuing to create better technology, and are ensuring that you have quality products.
- Henry Schein
- OSSTEM Implant
- Align Technology
- ADIN Dental Implant Systems
- DENTSPLY Implants
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