Asia Pacific Dental Implants Market size was valued at USD 591.4 million in 2017 and is expected to witness 6.5% CAGR from 2018 to 2024.
China Dental Implants Market, By End-use, 2013 – 2024 (USD Million)
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Increasing health tourism across Asia-Pacific countries will stimulate dental implants business growth. Dental tourism is growing in countries, namely India, Philippines, Thailand and few other nations. Dental treatments in these countries are provided as dental packages with significantly lower cost than developed countries. In addition, high-quality dental implants along with consultation is offered to the patients. This will serve as a profitable opportunity owing to growing awareness about dental disorders and increasing demand for health tourism in the upcoming period.
Growing geriatric population across Asia Pacific region will positively impact APAC dental implants market growth during the forthcoming years. Aging population is closely associated with dental problems. Oral health disorders are highly prevalent in emerging nations of Asia due to tobacco consumption, poor eating habits and alcohol consumption. Aging further impacts the dental health of an individual that can result into edentulism. According to South China Morning Post, the number of geriatric population in Asia Pacific is projected to increase from 535 million in 2015 to 1.3 billion in 2050. Thus, rising elderly population will potentially boost market growth in recent years.
Surging demand for cosmetic and aesthetic dentistry is projected to expand APAC dental implants market size in foreseeable future. Superior aesthetic value provided by implant dentistry is increasing its preference among the population. There is rising focus on improving physical appearance along with growing awareness and acceptance of enhancement procedures to improve aesthetics of gums and teeth. These factors should further drive demand and increase dental implants market share during the forecast period.
Tapered dental implants segment held 74.7% share in 2017 and is estimated to show considerable growth over forecast period. Primary stability and immediate restoration favors demand for tapered dental implants. Tapered implants have lower risk of labial perforation as a result of decreasing diameter. Benefits of tapered implants over parallel-walled implants generate high revenue, thereby expanding segmental share.
Zirconium dental implants segment is forecasted to grow at 6.8% CAGR. Zircoinum alloy implants are more biocompatible and stronger than titanium implants. It provides better aesthetic value and thus are more preferred by people. In addition, non-corrosiveness, inert & hypoallergic nature of zirconia implants will spur segmental growth in upcoming years.
Dental clinics segment constituted USD 358.3 million in 2017. Rising healthcare spending will facilitate growth of dental clinics in emerging economies of Asia Pacific. Availability of state-of-art technology for dental procedures and services will stimulate greater demand for dental clinics. Insurance and reimbursement policies in some nations further augment segmental growth in forthcoming years.
China dental implants market contributed to USD 132.7 million in 2017 and will grow at robust rate in recent years. Availability of high-quality technology in China will increase the demand for implantology. For instance, first ever robotic dental implant procedure in China was performed in 2017. Moreover, presence of well-emerged market players and dental tourism in the country will favour market size growth.
South Korea dental implants market accounted for 13.7% market share in 2017. High share is attributable to technological advancements, reimbursement policies and high penetration of established players in South Korea. South Korea introduced reimbursement policies for elderly population in 2014. In addition, dental implants are available in South Korea at highly affordable costs that will escalate customer preference and demand. Aforementioned factors should remarkably impel market growth in South Korea over the forthcoming period.
Few of the major market players in Asia Pacific dental implants market are Danaher Corporation, Osstem Implants, Dentsply Sirona, Henry Schein, Institut Straumann AG and Zimmer-Biomet. Firms are undertaking novel product introductions and strategic alliances to capture significant profit.
Dental implants were introduced in Asia Pacific countries including Hong Kong, Japan and South Korea. Growth oral health issues facilitated emergence and penetration of established firms across the region. Introduction of insurance policies, novel products and increased rate of dental disorders assisted growth of dental implants market in recent years. Similarly, superior technological advancements, rising awareness and acceptance will continue to flourish industrial growth during the projected period.
Segments covered in this Report:
Asia Pacific Dental implants Market Analysis By End-use
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