According to a report published by Grand View Research, Inc.; the Restorative dentistry market is anticipated to reach a valuation of USD 25.9 billion by 2025. The market is also expected to grow at a CAGR of 6.7 % during the forecast period (from 2018 to 2025). Factors such as increasing number of dental practices, development of digital dentistry, and growing dental tourism can propel the market growth during the forecast period. In addition, rising demand for cosmetic dentistry and implants due to increased focus on aesthetics is also expected to drive the market development in coming years.
Furthermore, dental practices are shifting from individual practices to multi-unit, group, and corporate dental practices. These practices are performed with an aim to provide efficient and high-quality care to patients. This is also likely to fuel the market growth over the next few years. Technological advancements in digital dentistry such as digital radiography, CAD/CAM systems, caries diagnosis, computer-aided implant dentistry, and intraoral imaging is also expected to boost the market growth.
Full research report on restorative dentistry market analysis:
Worldwide restorative dentistry market is segmented on the basis of product type, end-use, and region. On the basis of product type, the market is categorized into restorative materials, implants, prosthetics, and restorative equipment. In 2016, restorative materials segment estimated for the largest market share and is expected to show high growth even during the forecast period. This growth is attributed to the increasing use of these materials to fabricate tooth restorations. The dental implants segment is also likely to have a significant development owing to high demand for enduring aesthetic restoration and increasing awareness about its advantages.
On the basis of end-use, the market is classified into research and teaching institutes, dental hospitals and clinics, and dental labs. Dental hospitals and clinics segment estimated for the largest market share in the past and is projected to continue its dominance over the forecast period due to increasing number of dental clinics/hospitals. On the basis of geographies, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA).
The Europe region led the global market in 2016 on account of high number of oral disease cases. The region is projected to expand further during the forecast years due to the quick adoption of newer, advanced technologies and products and increasing number of dental practices & hospitals. In addition, strong presence of major companies in Europe is also contributing toward the development of the market in this region.
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The Asia Pacific regional market is expected to grow at the highest CAGR during the estimated period. This growth can be associated with the growing population and increasing number of dental practices. In addition, rising awareness among people about oral health along with increasing geriatric population base would also fuel the demand for restorative dentistry, thereby augmenting region’s growth.
Furthermore, increasing number of dental colleges and hospitals is also likely to support the market growth in this region during the forecast period. For instance, according to an NCBI article titled, ‘The current status of dental graduates in India’ about 310 dental colleges noted in India in 2016. Additionally, growing dental tourism, particularly in developing countries such as India and China, is also expected to boost the region’s development in the coming years.
The introduction of restorative equipment, as well as new restorative materials, in the market would have a positive impact on the market demand. Some of the key players operating in the global restorative dentistry market include Ivoclar Vivadent AG; Mitsui Chemicals, Inc.; Dentsply Sirona; Zimmer Biomet; and Mitsui Chemicals. Most of these market participants are mainly focusing on launching innovative products to get an edge over each other.
For instance, Prisyna, the oral care division of Synedgen, recently received clearances from the U.S. Food and Drug Administration (FDA) for its Moisyn products designed for treating xerostomia. Xerostomia is also known as dry mouth syndrome, which occurs in case of decrease of saliva and impacts the patient’s quality of life to a great extent. It leads to sleep disturbance, painful oral tissues, bad breath, and trouble in chewing, speaking, and swallowing.
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