Dental implants market - growth, trends, Covid-19 impact and forecasts (2022 - 2027)

Key Market Insights

Dental implants are artificial teeth that are used to support dental prosthetics. The growing global prevalence of oral disorders is driving up demand for these implants. According to the World Health Organization (WHO), there will be 3.5 billion people suffering from oral diseases in 2020. Thus, the rising prevalence of oral diseases worldwide is expected to drive up demand for these implants during the forecast period. The demand for tooth implants is expected to grow rapidly because of the advantages of implants over other tooth-replacement methods such as:

• safety,
• effectiveness,
• natural-looking teeth, and
• durability.

The global dental implants market was estimated at USD 7,873.49 million in 2020, USD 8,536.28 million in 2021, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.78% to reach USD 14,194.47 million by 2027.

Factors expected to drive market growth during the forecast period include:

• growing awareness about oral health,
• economic growth, and
• the increasing importance of esthetic restoration of tooth implants.

Covid-19 Impact

Postponed Elective Procedure During COVID-19 to Cause Revenue Drop

Due to a decrease in elective surgical procedures, the emergence of COVID-19 hampered demand for these implants. During the COVID-19 pandemic, major countries all around the world considered dental care to be given only as an emergency care service. Some of the factors that impacted market growth during the COVID-19 pandemic included

• a decrease in the number of patient visits to emergency care,
• the rapid spread of Covid-19 and associated scare due to aerosol rich typical dental treatments, and
• government regulations in several countries that delayed elective surgeries.

According to the Journal of Oral Implantology, there was a 38.0% decrease in patient visits to emergency dental services at the start of the COVID-19 pandemic compared to the pre-pandemic phase. Nonemergency dental services fell by 30% from pre-COVID-19 levels. As a result, the COVID-19 pandemic had a significant impact on the utilisation of dental services. Revenue generated by market participants fell significantly in 2020. For example, Institut Straumann AG reported a -5.4% decrease in total revenues generated in 2020 compared to 2019. In 2020, the Institut Straumann AG's dental implant solution segment experienced a significant decline of -14.5%. Furthermore, Envista's total revenue fell by approximately -15.6%. However, patient visits to dental clinics and hospitals increased in 2021 as government regulations were relaxed. The demand for implants was high in 2021 due to an increase in patient visits and the reopening of all facilities across the globe. As a result, demand for these implants increased in 2021, increasing the revenues of the market's key players. Envista's revenue in 2021 increased by 30.1% when compared to revenue in 2020. As a result, the reopening of healthcare services boosted demand for dental implants in 2021.

Latest Trends

Increased Adoption of Digital Implant Dentistry to Augment Market Growth

The titanium implants market is expected to expand during the forecast period. The titanium surface of the implant fuses with the surrounding bone during the healing process, which can take 3 months to 6 months. The biocompatibility of titanium with body tissues during the healing process, makes them suitable for use in implants. Because of the rising COVID-19 burden, dental visits in hospitals and clinics have decreased, affecting the manufacturing of dental implants. Dentsply Sirona, for example, reported a 7.6% drop in net sales for the first quarter, or 4.3% in organic terms. Furthermore, these companies are expected to face supply disruptions and backorders on many products. As a result, recent product launches and product design improvements of titanium dental implants are expected to drive market growth over the forecast period. For example, Implant Direct's SMARTbase abutment received 510(k) clearance in February 2020 and is now available for sale in the United States. Design and benefit advancements are expected to drive segment growth over the forecast period. Furthermore, rising research studies demonstrating the efficacy of titanium-based dental implants will boost the segment. For example, according to the study "Titanium Alloys for Dental Implants: A Review," published in June 2020, alloys cpTi and Ti-6Al-4V are highly satisfactory materials that will be used for dental implants during the study period. The use of digital technologies in the dental industry is expanding rapidly, with applications ranging from diagnosis to implant design, manufacturing, and placement. Implant procedures are one of the specific aspects of dentistry that have been improved by digital technology. According to the Journal of Multidisciplinary Care, digital dental technology will enter the mainstream and be used by approximately 34.0% of clinicians by 2024. As a result, the use of digital technology in implants is expected to drive market growth. In dental offices and laboratories, dental scanners, CAD/CAM machines, CBCT, and 3D printing technology have been used, allowing dentists to implement modern dental treatment approaches. The market is expected to grow positively because of this type of modernization of dental practises and the adoption of the latest technology trends in digital dentistry.