Recent research shows that the market for dental implants and prosthetics will likely grow from $8,870 million in 2017 to $14,490 million in 2024. That’s a compound annual growth rate of 7.2 percent, a remarkable amount that should benefit the dentistry industry while also improving the health of patients.
Reasons for the Dental Implant and Prosthetic Industry’s Rapid Growth
Overall, the United States has a population that’s getting older. In 2000, the median age in the U.S. was 35.3 years. In 2016, the median age reached 37.9 years. As the Baby Boomer generation continues to age, more people will need dental implants to keep their mouths healthy.
For more context, consider that about 120 million Americans are missing at least one tooth. As people grow older, that number will only grow.
Improvements in dental implants could also help account for the industry’s anticipated growth. Today’s implants are much more effective than those made just a decade ago. Thanks to nanotechnology, laboratories can manufacture dental implants that carefully match the shapes of missing teeth.
Prosthetics are also expected to become more popular, which isn’t necessarily surprising once you learn that 36 million Americans do not have any teeth. Getting a mouthful of implants would take a lot of time and money. Prosthetics, such as dentures, make it easier and more affordable for people to replace multiple teeth.
Price Could Affect the Growth of Dental Implants and Prosthetics
Although the report from Energias Market Research expects the dental implants and prosthetics industry to expand rapidly over the next several years, the firm does have some concern that price could limit growth.
According to the American Academy of Implant Dentistry, replacing one tooth can cost between $3,000 and $4,500. People who cannot afford those prices may decide that it makes more sense to decline dental implants. Instead, they may decide to have teeth pulled.
Dental implants and prosthetics don’t have to cost so much money, though. Even patients without dental insurance can lower prices by becoming DentalSave members. A DentalSave membership can reduce the cost of dental procedures by 25 to 50 percent. As long as members stay within the DentalSave network, they stand to save a lot of money when they get implants or prosthetics.
