Published on: May 2022
An in-depth understanding of dental implants market share
The global dental implant market was worth USD 3.6 billion in 2020, and it is predicted to increase at an 11.0 percent compound annual growth rate (CAGR) from 2021 to 2028. Increased use of dental implants in a range of treatment areas, as well as increased consumption of prostheses, are expected to move the market forward. A significant element driving demand for these implants is a dental treatment, which helps in the recovery of a patient's overall function and face form. Because of the disadvantages of the detachable prostheses, including soreness, lack of natural appearance, and the need for upkeep, patients and doctors are becoming more accepting of dental implants. The market is expected to develop since prosthesis placed on dental implants do not intrude on delicate tissues and improve aesthetics.
Uncovering the data sheets from the WHO
According to data from the World Health Organization (WHO), almost 10 million individuals are injured or incapacitated every year as a result of traffic accidents. Furthermore, the American Academy for Implant Dentistry estimates that over 15 million people in the United States replace missing teeth with bridges and crowns each year, supporting the need for dental implants.
Studying the impact of Covid-19 on Dental Implants market
With the rapidly rising number of COVID-19 cases around the world, countries have virtually shut down their manufacturing factories, putting a strain on medical device manufacturers. The healthcare industry is significantly reliant on China for the acquisition of crucial components, raw materials, and complex finished medical products, according to a Mondaq article. China is the United States' fourth-largest supplier of medical technology. The closure of production facilities in China, on the other hand, is expected to have an immediate negative impact on the market. With the closure of factories in China, countries like the United States, Canada, and India, which are strongly reliant on China for exports, are experiencing significant supply bottlenecks, limiting the market's income potential. According to a poll conducted by the North American Dental Group, approximately 71 percent of respondents were hesitant to visit their dentist for non-emergency care because of COVID 19 concerns. Elective procedures such as dental treatments have been banned in many nations.
Just dropped… the KEY to your success! Where? Here.