The company Research and Markets has released its latest report on the state of the dental implant market in Europe. According to the dental implant report, the dental implant market grow by a 1.5% in 2010 over the previous year, compared to 6.8% market growth in 2008 over 2007. This means that less people in Europe were getting dental implants and dentures implants due to the bad global economy.
According to the report 2011 and 2012 should see more dental implants in Europe with double digit growth by 2013. A quick look at Google’s seach results shows that global searches for dental implants have risen in August, September and October of 2010 over the earlier part of the year.
According to the report the dental implant leaders in Europe are Biomet/3i, Dentsply, Nobel Biocare and Staumann among others. The dental implant markets covered in the report are Austria, Benelux, France, Germany, Israel, Italy, Poland, Portugal, Scandinavia, Spain, Switzerland, and the United Kingdom.
It would be interesting to see what effect the downturn had on dental travel and dental tourism. Meaning were Europeans looking for more affordable dental treatment abroad, including dental implants, during the downturn or were they waiting for the European economy to rebound to consider any elective dental treatments at all. A few years back the analyst firm, DBS Vickers Securities, based in Singapore was predicting a big hit to medical tourism in Asia due to the economic downturn, especially the big medical tourism destination of Thailand.
Again, a look at Google’s search results shows that global searches for dental tourism are trending higher in the third quarter of 2010 when compared to dental tourism searches from early 2010. So it would appear that people are again looking to have dental treatment done that they might have been putting off due to the ‘great recession’.
It will be interesting to see what 2011 holds for the dental implant market and dental travel as a whole.