Key Players for Global Dental Restorative and Regenerative Material Market
Market Research Future (MRFR) recognizes the following companies as the key players in Dental Restorative and Regenerative Material Market: There are plenty of large and small market players which operate in this market all over the globe.
3M (U.S.), Biotech Dental (Europe), botiss biomaterials GmbH (Europe), Dentsply Sirona. (U.S.), Henry Schein, Inc. (U.S.), Institut Straumann AG (Europe), KaVo Kerr (U.S.), Keystone Dental, Inc. (U.S.), Zimmer Biomet (U.S.) are some of the leading players at the cutting edge of the competition in the market of Dental Restorative and Regenerative Material, globally.
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Dental Restorative and Regenerative Material Market – Overview
Dental materials are fabricated materials used in dentistry practices. Dental materials are of different types and they have different characteristics which is related to their intended purpose. There are two major types of dental material, namely, restorative material and regenerative material. Restorative material can resume damaged teeth’s original form and functioning while regenerative material regenerates the damaged parts of the teeth.
Increasing prevalence of dental diseases and trauma majorly drives the market growth during the forecasted period. According to the Oral Health Foundation, from 2010 to 2015 approximately 20% of the children were admitted to the hospitals due to tooth decay or caries. Moreover, according to the American Society for Nutrition in 2016, 47% of the adults in the U.S. had periodontal disease. Additionally, the rising healthcare expenditure, growing dental tourism and rising geriatric population fuels the market growth. However, lack of awareness followed by high cost of products will restrain the market growth.
The Global Dental Restorative And Regenerative Material Market is expected to grow at a CAGR of 6.7% during forecast period.
Regional Analysis for Global Dental Restorative and Regenerative Material Market
As compared to other regions, the dental restorative and regenerative material industry in North America contributes largest share. People are more aware and conscious about dental health, which is one of the major factors driving the market. About 17% of children and 27% of adults have untreated dental caries.
Major dental restorative and regenerative material manufacturers have a base in this region and they are spending millions in R&D to develop innovative products. Developed medical facilities and availability of skilled dental professional are key factors for the growth for the market. However, factor like high cost of dental treatments is prohibiting the patients from getting dental treatment.
Increasing prevalence of dental diseases in Europe is driving the growth for restorative and regenerative material market, especially in western region of Europe. There are about 345 thousand dentist in Europe. Dentist are now shifting from the use of amalgam and preferring the alternative restoration materials. Dental diseases carries huge financial burden not only to the individual but also to the society. Cost of dental treatments is high in Western European countries. Patients from this region are traveling to the other parts of the Europe or world.
Dental Restorative And Regenerative Material Market – Key developments
Companies are continuously developing new products to capture the market globally. Thus major players invest more in research and development activity, in order to lead the global market. In this regards, market players undertake various strategic approaches such as acquisitions, partnerships, mergers and new product launch.
May 2016: 3M acquired Semfinder, a Switzerland-based medical coding technology company. Semfinder is a leading developer of precise semantic coding of medical services. This acquisition will provide 3M with new coding technology for accelerating its availability of its 360 Encompass system in countries adopting electronic medical record systems.
May 2016: Knifeless Tech Systems was acquired by 3M. The business acquired is a an installation tool used to cut self-adhesive films applied to vehicle wraps
February 29, 2016 Complete Merger DENTSPLY International Inc. (“DENTSPLY”) and Sirona Dental Systems, Inc. (“Sirona”) completes merger which forms World’s one of the largest manufacturers of professional dental solutions.
July 2016: Kitron signed a supply agreement with Dentsply Sirona. This agreement will add Kitron as a new supplier for Dentsply Sirona
Henry Schein, Inc.
January, 2017: Henry Schein Inc. completed the process of acquisition of a majority ownership interest in Dental Cremer S.A., which was a distributor of dental supplies and equipment in Brazil.
March, 2017: Henry Schein Inc. purchased 80% stake in Polish dental distributor Marrodent
January, 2016: Henry Schein Inc. acquires 80.1% stakes in Vetstreet, Inc., leading provider of marketing and software services to veterinarians, and in an Italian distributor of dental equipment.
Institut Straumann AG
August, 2016: Institut Straumann AG signed an agreement to acquire Equinox, a fast-growing dental implant company with a leading position in the value segment in India.
April, 2016: Institut Straumann AG acquired 51% residual ownership of Neodent (Initially it had acquired 49% of the residual during June 2012) This deal augments Straumann’s presence in the tooth replacement sector in the Latin American region and Brazil, which is the second largest market for implant dentistry.
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