Global Dental Implants market to reach an estimated value of USD 7,879.5 million in 2020
Dental implants have been a part of healthcare industry since a long time, restoring or replacing the defective teeth, which may otherwise lead to infections in gingival tissue. The primary challenge for the dental surgeons has been to achieve osseointegration but now, with the introduction of nanotechnology, several branches of medicine has been revolutionized, including dentistry. In the recent times, nanotechnology has helped in creating nanomaterials that are now used to manufacture next-generation implants. Nanomaterials influence the osteointegration process and remarkably reduce the chances of infection. As per a report by the American Academy of Implant Dentistry, the country-wide market in the U.S. alone is witnessing 500,000 new cases of dental implants per year. Similar surge has been observed across the world and as a result, the global Nanotechnology in Dental Implants Market is expected to expand at a healthy growth rate during the forecast period of 2016 to 2024.
The lower failure rate of dental implants is one of the primary reason that inspires consumers. With nanomaterials, the added advantages such as improved bone healing, improved osseointegration, and reduction in infections is expected to further augment the demand in the global market for nanotechnology in dental implants. It has been observed that dental surgeons and general practitioners are increasingly adopting the new technology over the other available alternatives. Moreover, high number of edentulous population in the western world and the increasing disposable income in Asia, Africa and other parts of the world is expected to propel the demand in near future. The awareness pertaining to dental care is also on the rise, which is opening an opportunity for the players in the market to invest proactively in order to gain shares.
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The field of dentistry procedures has also been benefitted by the introduction of technologies such as CAD/CAM, which offers wide range of options to the patients. For example, ceramic crowns offer better esthetics, while metal-fused ceramic crown offer greater strength. Conversely, high cost of procedure and the lack of reimbursement is expected to hinder the growth rate during the forecast period.
On the basis of products, the global market for nanotechnology can be segmented into titanium dental implants, ramus-frame dental implants, root-form dental implants, blade-form dental implants, and transosseous dental implants. The segment of titanium dental implants can be further sub-segmented basis of stages involved in surgery (single stage & two stage), and type of connectors (internal hexagonal, external hexagonal, and internal octagonal). By procedure, the global market for nanotechnology in dental implants can be classified into root-form dental implant and plate-form dental implant. Out of these, root-form dental implants are the most prolifically used dental implants, owing to its durability and high success rate in comparison to other types of implants.
Geographically, North America and Europe contributes to the most of the demand in the global market for nanotechnology, recovering after a considerable slump due to the economic crisis post 2009-2010. On the other hand, the market is expected for a significant growth in the region of Asia Pacific and South America during the forecast period, due to increasing purchasing power and consumer acceptance of advanced dental technologies.
In recent years, growing healthcare has led to continuous technological innovation in the dental equipment space. With time, it has emerged as the most favored sector for medical device investors looking for consistent and attractive returns. Let's delve deeper.
Over the last 10 years, the dental supplies market has been faring better than the S&P 500 index. The market has gained 119.8% eclipsing the broader market's 101.4%.
Per a Allied Market Research report, the global dental implants and prosthetics market is expected to catapult to a value of $12,743 million by 2023, at a CAGR of 8.8% from 2017 to 2023.
And if we go by the estimates of the American Dental Association (published in Grand View Research), every year 5 million implants are carried out in the United States indicating huge market potential. In today’s fast paced times, implants are preferred over conventional removable dentures owing to comfort and convenience.
Factors Driving Demand for Dental Treatment" data-react>Factors Driving Demand for Dental Treatment
High Demand Among Children and Teenagers: Per a Markets and Markets report, children and teenagers are expected to dominate the global orthodontic market in the coming years. A high number of patients with malocclusions and jaw disorders are likely to drive the demand. Also, rising need for fixed braces among children and teenagers will act as a major demand propeller. Notably, orthodontic treatments are more effective and successful in childhood or teenage." data-react>High Demand Among Children and Teenagers: Per a Markets and Markets report, children and teenagers are expected to dominate the global orthodontic market in the coming years. A high number of patients with malocclusions and jaw disorders are likely to drive the demand. Also, rising need for fixed braces among children and teenagers will act as a major demand propeller. Notably, orthodontic treatments are more effective and successful in childhood or teenage.
One of the noteworthy developments in this niche space is the launch of Align Technology’s clear Aligner solution for teen Class II correction — the Invisalign Technology Teen with mandibular advancement — in certain markets of Canada, EMEA and APAC in 2017.
Cosmetic Needs: Growing awareness esthetic needs has also been a major growth catalyst for the dental prosthetic market. Per Markets and Markets, global cosmetic dentistry is expected to make $22,362.4 million by 2020, at a CAGR of 6.8% during 2015-2020. Moreover, an increase in disposable income gives rise to higher demand for cosmetic dental surgeries." data-react>Cosmetic Needs: Growing awareness esthetic needs has also been a major growth catalyst for the dental prosthetic market. Per Markets and Markets, global cosmetic dentistry is expected to make $22,362.4 million by 2020, at a CAGR of 6.8% during 2015-2020. Moreover, an increase in disposable income gives rise to higher demand for cosmetic dental surgeries.
Rise in Geriatric Population: An aging population has also been a significant contributor. Higher incidence of calcium deficiency in older people leads to teeth loss. According to the National Institute of Dental and Craniofacial research, more than 24% of adults aged above 74 years have lost all teeth. People on medication for chronic and metabolic disorders also reach an edentulous state." data-react>Rise in Geriatric Population: An aging population has also been a significant contributor. Higher incidence of calcium deficiency in older people leads to teeth loss. According to the National Institute of Dental and Craniofacial research, more than 24% of adults aged above 74 years have lost all teeth. People on medication for chronic and metabolic disorders also reach an edentulous state.
Other Factors: Poor lifestyle choices and unhygienic dental care lead to higher demand for dental procedures. Increased dental diseases are another factor. Also, dental injuries caused by road accidents lead to higher demand for dental implants and prosthetics." data-react>Other Factors: Poor lifestyle choices and unhygienic dental care lead to higher demand for dental procedures. Increased dental diseases are another factor. Also, dental injuries caused by road accidents lead to higher demand for dental implants and prosthetics.
Technological Advancement Shapes Dental Implant Market" data-react>Technological Advancement Shapes Dental Implant Market
The global dental implant and prosthetic market is gradually shifting from conventional to a technologically-advanced one. Laser dentistry is much in demand among dental patients because of its painless procedurefor extraction of teeth, orthodontics and periodontal decay. Per Markets and Markets, the dental lasers market is expected to scale to a value of $224.7 million by 2020, at a CAGR of 5.2% during 2015 to 2020.
Dental 3D printing is a process of creating three dimensional solid dental models such as implants, surgical guides, braces, dentures, crowns and bridges, etc. Notably, 3D printing is gaining popularity as it allows dentists to carry out procedures with more precision and efficiency, saving patients from excess trauma. Going by a report by Transparency Market Research, the global dental 3D printing market is expected to see a 16.5% CAGR from 2017 to 2025, reaching a worth of $3,427.1 million.
3 Stocks in Focus" data-react>3 Stocks in Focus
We have selected three companies, which we believe are well poised to provide impressive long-term returns given the encouraging growth prospects of the global dental implants and prosthetics market.
Align Technology, Inc. ALGN has a long-term earnings growth rate of 29.2%. The current-quarter estimate revision trend for the stock has been encouraging with seven estimates moving upward, compared with one downward movement in the past two months. Resultantly, the Zacks Consensus Estimate for earnings per share rose around 2% to $4.52. The company’s five-year historical growth rate is favorable at 25.5% compared with the industry’s 6.2% and the S&P 500’s 2.8%. The company's share price movement over the past year has been encouraging. The company yielded almost 129.6%, better than the industry's 5.1%." data-react>Align Technology, Inc. ALGN has a long-term earnings growth rate of 29.2%. The current-quarter estimate revision trend for the stock has been encouraging with seven estimates moving upward, compared with one downward movement in the past two months. Resultantly, the Zacks Consensus Estimate for earnings per share rose around 2% to $4.52. The company’s five-year historical growth rate is favorable at 25.5% compared with the industry’s 6.2% and the S&P 500’s 2.8%. The company's share price movement over the past year has been encouraging. The company yielded almost 129.6%, better than the industry's 5.1%.
Align Technology recently signed an agreement with Glidewell Dental to distribute the iTero Element intraoral scanning system with the latest glidewell.io In-Office Solution in North America.
Henry Schein, Inc. HSIC has a long-term earnings growth rate of 9.9%. The company’s historical five-year earnings growth rate of 10% compares favorably with the S&P 500’s 2.8% and industry’s 6.2%. Over the past month, shares of Henry Schein have outperformed the industry it belongs to. The stock has lost 0.9% compared with the industry’s fall of 5.1%." data-react>Henry Schein, Inc. HSIC has a long-term earnings growth rate of 9.9%. The company’s historical five-year earnings growth rate of 10% compares favorably with the S&P 500’s 2.8% and industry’s 6.2%. Over the past month, shares of Henry Schein have outperformed the industry it belongs to. The stock has lost
Estimate revisions for the current year have been solid with nine estimates north, compared to three moving south over the past two months. Resultantly, the consensus estimate for earnings climbed around 3.3% to $4.08.
Riding on the strength in the full range of the DENTSPLY SIRONA Inc. XRAY line, the company has been gaining from solid uptake of products by key dental equipment manufacturers like A-dec, Midmark and 3Shape. Furthermore, management believes that the company is well-positioned to gain from the wave of digitalization.
Danaher Corporation DHR has a long-term earnings growth rate of 10.9%. Estimate revisions for the current year have been solid with nine estimates moving up, compared to no movement in the opposite direction over the past two months. Resultantly, the consensus estimate for earnings rose around 1.2% to $4.38. The company’s five-year historical growth rate of 5.1% is higher than 2.8% of both the industry and the S&P 500." data-react>Danaher Corporation DHR has a long-term earnings growth rate of 10.9%. Estimate revisions for the current year have been solid with nine estimates moving up, compared to no movement in the opposite direction over the
Danaher Corporation DHR has a long-term earnings growth rate of 10.9%. Estimate revisions for the current year have been solid with nine estimates moving up, compared to no movement in the opposite direction over the past two months. Resultantly, the consensus estimate for earnings rose around 1.2% to $4.38. The company’s five-year historical growth rate of 5.1% is higher than 2.8% of both the industry and the S&P 500." data-react> past two months. Resultantly, the consensus estimate for earnings rose around 1.2% to $4.38. The company’s five-year historical growth rate of 5.1% is higher than 2.8% of both the industry and the S&P 500.
Shares of the company have rallied 14.3% in the past year, outperforming the industry’s decline of 13.9%.