How the Dental Implant Market Will Change by 2020
According to data released by Persistence Market Research, the dental implant market is set to increase at a rate of 9.7% from 2014 to 2020. In 2014 the total market value was $4,508.9 million and it’s projected to be $7,879.5 million by 2020.
The factors that contribute to this rise in market value is the rise in the aging population. Typically it is the elderly that need the dental implants. Also, there is an overall growing concern regarding healthcare, and this awareness is causing more people to actively spend money on treatments.
One of the major factors that contribute to dental implant demand is the rise of cosmetic surgery. However, the cost of such dental procedures is quite high in the US and the UK, so this trend will continue to increase if the prices drop.
Furthermore, technology is improving the quality of the dental implant market, which is also driving the total market growth. Some of these technologies include improvement of surgeries via nanotechnology, sedation dentistry, laser dentistry, mini dental implants, 3D imaging and computer aided design.
Currently, Europe is growing at the fastest rate, and more specifically Germany, France, and the UK. The Titanium based implants are the most significant material, which is driving the market upwards.
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