The global restorative dentistry market is projected to reach USD 7.4 billion by 2028 from USD 5.6 billion in 2023, at a CAGR of 5.5%. Growth in this market is due to high incidence of dental caries which results in an subsequent increase of dental procedures. The changing lifestyle and eating habits is expected to play a major role in driving the demand for restorative dental materials
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Opportunity: Rising disposable incomes in developing countries
The increase in the income levels in developing countries such as India, China, and Brazil, with a relatively high decayed, missing, and filled teeth (DMFT) index, are expected to boost restorative dental products. According to a research study conducted by the International Monetary Fund, one of the leading economic communities in the world-China has shown a considerable increase in the per capita national income. The general growth in the per capita income will result in an increase of the dental healthcare expenditure among the population, henceforth driving the uptake of dental treatments in the country. Thus, population growth in emerging markets, coupled with increasing healthcare spending, is expected to offer opportunities for developing the restorative dentistry market in emerging countries.
Challenges: Dearth of Dental practitioners
The demand for dental care services is expected to increase globally due to the changing demographics as the population is increasing, growing dental care awareness, and the rising prevalence of dental diseases. However, a shortage of dental professionals in countries poses a significant challenge for the restorative dentistry market. For instance, in Africa, the dentist-to-population ratio is ~1:150,000 (this figure is ~1:2,000 in developed countries). The shortage of dentists in these countries is one of the major challenges expected to reduce the adoption of restorative dentistry despite their large target patient population.
The prominent players in the restorative dentistry market include Envista Holdings Corporation, DENTSPLY SIRONA Inc., and 3M . Players in the global restorative dentistry market have employed various strategies to expand their global footprints and increase their market shares.
DENTSPLY SIRONA Inc.
DENTSPLY SIRONA Inc is one of the leading players in the market. DENTSPLY SIRONA offers various advanced technologies as well as products. The company focuses on growth and strategizes accordingly. For instance, In May 2022, the company launched the initial version of a new line of digital dental devices, including Primeprint Solution for dental offices and labs. This innovative 3D printing method makes it simple to build patient-specific and biocompatible appliances through an automated and simplified manufacturing procedure
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North America is estimated to be the fastest-growing regional market for restorative dentistry industry.
The global restorative dentistry market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2022, North America is estimated to be the fastest-growing regional market for restorative dentistry. The North America market is considered one of the fastest-growing medical procedures and devices markets. Low infrastructure and treatment costs and the availability of highly educated physicians have driven medical tourists to North American countries.
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