The tooth replacement market is set to reach over $13million by 2022, according to market research agency Research and Markets. This rate is the equivalent of a 7% growth.
According to the researchers, the growth of this market is attributed mainly to the rising geriatric and edentulous population, growing dental tourism for advanced dental solutions, increasing disposable incomes in the developing countries, growing dental clinics with advanced dental treatments, and increasing demand for cosmetic dentistry.
The report highlights that advances in CAD/CAM technology and increasing number of integrated dental clinics provides significant opportunities for the various stakeholders in this market. However, it is also acknowledged that the high costs of CAD/CAM treatment and limited reimbursements hinders the adoption of tooth replacement solutions to some extent.
Asia-Pacific region to see the fastest rate of growth
Europe hold the major share in the global tooth replacement market, followed by North America and the Asia-Pacific region (APAC). However, it is expected that the APAC region will witness the fastest growth during the forecast period, owing to the less stringent regulations, in creasing number of hospitals and clinics, growing demand for advanced dental procedures, growing dental tourism, increasing healthcare expenditure, and rising demand for better healthcare services from a large pool of patient population.
Market penetration levels for dental implants vary significantly across the European market. Countries such as Italy, Spain, Switzerland, Germany, Benelux and Scandinavia represent more highly penetrated dental implant markets. On the other hand, in 2016 France and the UK were far less penetrated and bear a greater pool of potential dental implant patients.
The leading companies of the teeth replacement market have used various strategies to expand their products and applications offerings, global footprint, and increase their market share. The key strategies followed by most companies in the global tooth replacement market were new product launches and product enhancements, mergers & acquisitions, and expansions. New product launches and product enhancements were the preferred growth strategy adopted by key players between 2014-2017, enabling companies to expand their product offerings and ensure a competitive edge in the global tooth replacement market.
Get proper training
Dental implants are a potential new revenue stream for practices. According to market research company Mintel, UK private spending on improving teeth increased by over 27% in the past 5 years with the market now valued at over £2 billion per year. However, with increasing patient demand comes increased expectations for therapy that is as close as possible to the original teeth, that are easy to maintain and that has longevity. Also, with increased number of cosmetic procedures there is an increased rate of complications. According to Dental Protection, implant case claims are increasing both in number, frequency and costs. These cases are related to either the placement of the implant fixture, or the restoration or prosthetic appliances supported on them. According to Dental Protection, one of the best ways of steering clear of avoidable problems when it comes to implant dentistry, is for dentists considering stating to take on implant cases is to get proper training. In particular, they say that the best courses are generally those which involve formal, structured training provided by acknowledged experts in the field, over an extended period of time. According to Dental Protection, any dentist who enters the field of implant dentistry should be prepared to justify the adequacy of any training they have received.
A digital dental future
Experts predict that digitalisation will further change the value chair and workflows for dentists and the dental care team. Examples of digital application integration within the implant industry include digital scanning to provide a complete 3-D view of the oral situation, and the convergence of surgical and prosthetic design software. Virtual treatment planning is becoming an increasingly important element of dental practice such as the integration of smile designs in digital face scans and 3D diagnostic follow-up intraoral scanners.