Increase in the prevalence of dental diseases (dental caries and edentulism), rising demand for advanced cosmetic dental procedures, growing dental tourism, and increasing dental expenditure are the major factors driving the demand for restorative dentistry.
Market Overview –
According to the new market research report Restorative Dentistry Market is expected to reach USD 21.27 Billion by 2022 from an estimated USD 15.60 Billion in 2017, at a CAGR of 6.4% during the forecast period. The report analyzes the global restorative dentistry market by product, end user, and region.
• Based on product, the global restorative dentistry market is segmented into restorative materials, implants, prosthetics, and restorative equipment.
• Materials segment accounted for the largest share of global restorative dentistry market, mainly due to the growing number of tooth repair procedures, high cost of restorative materials, increasing adoption of customized prosthetics, and increasing demand for cosmetic dentistry.
• Based on end user, the restorative dentistry market is segmented into hospitals & clinics, dental schools & research institutes, and dental laboratories. The hospitals & clinics segment accounted for the major share of the global restorative dentistry market and is expected to register the highest CAGR during the forecast period. The large share of this end-user segment is attributed to the increasing number of dental clinics and hospitals especially in emerging markets, rapid adoption of advanced technologies in these settings, and growth in the target patient population.
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Geographical Overview –
Europe holds the largest share of this market. However, the Asia Pacific region is expected to witness the highest CAGR during the forecast period. The growth of this segment can be attributed to the rising geriatric population, growing dental tourism in major Asian markets, increasing focus of prominent players on emerging Asian countries, increasing healthcare expenditure (coupled with the rising disposable income), rising awareness on oral healthcare, and increasing willingness of people to spend more on dental care to maintain dental aesthetics in the region.
Leading Market Players –
Players in the global restorative dentistry market, such as DENTSPLY SIRONA Inc. (US), Institut Straumann (Switzerland), Mitsui Chemicals, Inc. (Japan), Ivoclar Vivadent AG (Liechtenstein), Zimmer Biomet Holdings, Inc. (US), and Septodont Holding (France) are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies of product launches, partnerships, agreements, expansions, and acquisitions. Danaher Corporation (US), 3M Company (US), and Ultardent Products, Inc. (US) are some of the players focusing on organic growth strategy of new product launches to enhance their market presence.