October 11, 2018
WELLESLEY, Mass., October 11, 2018 – Rising awareness about the cosmetic and overall health benefits of artificial dental structures are fueling growth of the global market for dental implants. Advents in technology, dental grafting, less invasive procedures and greater deliverability of desired outcomes have also contributed to growth, according to a new report from BCC Research.
In 2018, the global market for dental implants was worth $3.6 billion. BCC Research estimates that it will reach a value of $5.0 billion by 2023, indicating a compound annual growth rate (CAGR) of 6.5%, according to Dental Implants: Global Markets to 2023.
The zirconium segment is anticipated to be the fastest growing product segment over the forecast period. Zirconium functions with nearly the same features as those of titanium, but with higher esthetics and a lesser chance for allergy.
“Throughout the forecast period, many non-premium implant companies are expected to capitalize on the growing popularity of discount implants, due to increased price sensitivity that exists on a global scale,” said BCC Research’s staff analyst. “Therefore, premium implant companies, such as Straumann and Nobel Biocare, are expected to face increasing competitive pressure. The market growth of non-premium implants is expected be high in an industry that was so far dominated by premium implant manufacturers.”
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Dental Implants: Global Markets to 2023( HLC218A )
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