Dental Implants are a great way to improve your smile and regain your confidence after tooth loss and decay but this improvement comes at a very high price. With the average dental implant price ranging on average between $1200 to $15,000 per tooth in the USA, it is easy to see why many people are trying to find cheaper ways of obtaining the smile they have always wanted. Going for dental implants abroad is one such option. The Latin American and Eastern European cosmetic dental industries have seen a surge of new patients from the UK and the USA but what are the reasons for this? This article aims to answer this question.
What trends have emerged in the dental implant market growth?
Dental implants procedures are performed by dentists worldwide and the demand for such procedures seems to be growing at a very rapid rate. Indeed despite the global downturn experienced in 2008 European and Latin American markets have recovered very rapidly after only a slight temporary slowdown in growth. The European dental implant market includes the 15 western countries including Poland, Turkey, and Israel with the Eastern European countries proving the strongest players. The Latin American market includes Mexico, Argentina, and Brazil with Brazil accounting for a large majority of the Latin American Market.
What are the reasons behind the growth of the market in Latin America and Europe?
There are various reasons behind the growth of the dental implant industry in these areas some of which include global demand for better-looking teeth, technological advancement, and long term cost efficiency of the dental implant procedure. In Israel for example, studies have shown that a greater concern with aesthetic appearance has led to an increase in the number of people opting for the dental implant procedure.
Why is the market not doing so well in the UK and USA?
The global economic downturn in 2008 hit hard on the US and UK dental implant markets. The US is a huge player in the cosmetic dental industry however people essentially just couldn’t afford to purchase implants. During this time people began to look for cheaper alternatives leading to steady growth in the number of people opting for cheaper alternatives. Brazil saw a huge boom in its implant sales during this time, and its prices were reportedly amongst the lowest in the world. Since that time the trend for affordable dental implants has continued. UK patients are limited by the restrictions on insurance and NHS subsidies. Cosmetic dental work is no longer heavily subsidized by insurance companies and people are unwilling to foot the bill for such an expensive procedure.
From the above information, it is clear to see that the dental implant markets overseas are seeing a steady increase. More and more people are opting to undertake the procedure in these countries due to economic issues faced recently and the low prices of implants abroad. Want to know if overseas dental implants are really for you? Read our article on the 6 questions to ask before opting for a dental implant procedure abroad.