According to FutureWise analysis the market for dental implants and prosthesis in 2023 is US$ 13 billion, and is expected to reach US$ 33.64 billion by 2031 at a CAGR of 12.62%.
Advancements in technology leading to a rising insistence for dental services along with increasing population awareness owing factors related to aesthetics and growing edentulous issues has led into the global dental implants and prosthesis market growth. Technological improvements coupled with a rising inclination of adults towards the overall cosmetic industry is steering the market proliferation. With such rapid growth in the overall dental industry, dental implants and prosthesis manufacturers are emphasizing on developing economies to establish their market foot print globally. For instance, Henry Schein Inc., who is known for offering healthcare products, aim to extend and establish their position in the dental prosthesis and implants industry.
For this purpose, they made three crucial investments, which includes acquiring Intra-Lock, a US-based company that manufacturers dental implants. Furthermore, Henry Schein also acquired Pro-Cam Implants, a distributor from the Netherlands and majority ownership in Medentis Medical, a German Dental implants provider. Although, a dearth of awareness coupled with high surgery costs and a finite number of dentists performing implant surgeries has impeded the market augmentation.
Additionally, the dental implants and prosthetics market in Europe is further exhibiting important developments with increasing expansions in developed nations. Straumann, a provider of dental prosthetics and implants, aims to extend its business in UK, Italy and Germany where it has initiated test projects which includes breakthrough approaches in order to prevent tooth and implant loss or for aesthetics enhancement.