Dental implants market projected to reach $5.9bn by 2028, says GlobalData
NewsPosted by: Dental Design 28th November 2018
|
The global dental implants market is expected to reach $5.9bn by 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.9% between 2018 and 2028, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Dental Implant Devices, Global Outlook, 2015-2028’ reveals that Asia Pacific will be one of the fastest growing regions at a CAGR of 6.4% between 2018 and 2028, with North America and South America following closely behind at 4.5% and 4.9% respectively. Market growth is fairly strong despite low global penetration of dental implants. In most countries, dental procedures are out-of-pocket expenses, but improved reimbursement policy has stimulated especially high growth in South Korea. Sarah Janer, Medical Devices Analyst at GlobalData comments, “The titanium implant segment will continue to grow strongly due to the material’s biocompatibility, strength, versatility and cost. Zirconia implants will also show growth, but this will be limited by associated problems that limit durability and placeability.” Barriers to market growth include a lack of dentists trained in implant procedures, and little to no reimbursement for implant procedures in many countries.
|
