A rise in the geriatric population in the U.S., China, Japan, and India, coupled with an increase in dentists qualified for dental implant treatments, is a highly impacting trend driving the dental implants market.
According to the U.S. Census Bureau, the number of Americans of age 65 and above is likely to surpass Americans under the age of 18 by 2030. The rising geriatric population suffering from dental issues has led to an increase in the demand for dental care. For instance, according to the U.S. Centers for Disease Control and Prevention (CDC), 96% of the adult population aged 65 or older in the U.S. has a cavity. Furthermore, the Centers for Medicare & Medicaid Services states that the total dental expenditure in the U.S. in 2020 amounted to $143.2 billion, which accounted for 4% of the nation’s spending on healthcare.
There has been a change in the demographics of almost every country globally. The number of older persons in the population is increasing. This social transformation of the 21st century has implications for all aspects of society. The fast change in the demographics has also forced many governments to invest more in healthcare. The number of people aged 80 or above is projected to triple to 426 million in 2050 from 143 million in 2019. The intensity of non-communicable dental diseases, such as periodontal disease, dental caries, and oral cancer, is also expected to increase in the elderly population, driving the demand for dental services for missing teeth or tooth decay. Thus, the increase in the elderly population will likely support the market growth during the forecast period.
Senior people experience more dental concerns, such as edentulism than younger people. As the senior population is majorly concentrated in Japan, the U.S., Europe, China, and India, the need for dental implants is higher in these markets. For example, as per the American College of Prosthodontists, nearly 23 million people in the U.S. are completely edentulous, and the number of people edentulous by one arch is nearly 12 million. The number of partially edentulous is expected to reach 200 million in the next 15 years.
In addition, with the surge in oral health awareness, dental surgeries have increased significantly in developed regions such as North America and Europe. To meet this rising demand, many general dentists have started including dental implant treatment options in their businesses. In the past, skilled specialists such as oral and maxillofacial surgeons were primarily responsible for intricate implant operations. However, the entry hurdle has been lowered by recent advancements in implant platforms and digital scanning technologies, allowing for improved accuracy and a wider margin of error without compromising reliability. As a result, more general dental practitioners are increasingly acquiring additional training in implant dentistry to diversify their skillset.
According to Meticulous Research®, the global dental implants market is expected to register a CAGR of 6.3% to reach $6.52 billion by 2029.
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