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Published On: Jul 2022
Published On: Jul 2022
At 6.7% CAGR, the South & Central America dental implants market is projected to be worth US$ 388.21 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South & Central America dental implants market was valued at US$ 246.32 million in 2021 and is expected to reach US$ 338.21 million by 2028, registering an annual growth rate of 6.7% from 2021 to 2028. Major factors driving market growth include the increasing prevalence of tooth loss, increasing demand for mini dental implants, and flourishing medical tourism in developing countries.
South & Central America is emerging as an attractive offshore alternative to the North America and Europe based business with respect to oral care. South American countries that include Brazil, Argentina, Chile and others have immense potential for the growth owing to the factors such as cost saving in wages, real estate, infrastructure as well as tax incentives. Moreover, the massive labor pool with cultural affinity to the USA is also responsible for the growth of the region in the global dental implants market. The political government has been witnessed to be very stable offering new opportunities for foreign investments in Central America region.
On the contrary, high cost of dental implants hurdles the growth of South & Central America dental implants market.
The product segment of the dental implants market is segmented into dental bridges, dental crowns, dentures, abutments, and others. In 2021, the dental bridges held the largest share of the market. The dental bridges accounted for 39.9% market share in 2021, amassing US$ 98.30 million. It is projected to garner US$ 157.25 million by 2028 to expand at 6.9% CAGR during 2021–2028.
Based on material, the South & Central America dental implants market is segmented into titanium implants, zirconium implants, and others. With 82.1% share of the domain, the titanium implants segment dominated the market in 2021. It accrued US$ 202.11 million in 2021 and is estimated to generate US$ 321.40 million by 2028 to grow at a CAGR of 6.9% over the forecast period.
On the basis of end user, the South & Central America dental implants market is segmented into hospital & clinics, dental laboratories, and others. In 2021, the dental laboratories led the market with 46.7% of overall market share. Also in 2021 it accounted for US$ 115.08 million and is expected to reach upto US$ 179.74 million by 2028.
Our regional analysis states that the Brazil captured 58.6% market share in 2021. It was assessed at US$ 144.28 million in 2021 and is likely to hit US$ 233.38 million by 2028, exhibiting a CAGR of 7.1% during the forecast period.
Key players dominating the South & Central America dental implants market are Danaher; Zimmer Biomet; Institut Straumann AG; Adin Dental Implant Systems Ltd.; DentiumUSA; DENTSPLY SIRONA Inc.; DIO.; Osstem UK; and Bicon, LLC.
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