The present invention provides for a hybrid dental implant having a screw body with at least one external thread, which comprises an upper portion with an open ceiling configured to receive one or more bone inducing agents and/or therapeutic agents, a middle portion having a hollow inner channel connected to side openings, and a lower portion with a closed floor. The bone inducing agents and/or therapeutic agents are introduced through the open ceiling into the hollow inner channel into the side openings, which enables the bone tissue ingrowth into the hollow inner channel and bone tissue outgrowth from the hollow inner channel to the surrounding bone. It also provides for a method of installing and using the hybrid dental implant thereof.