The global restorative dentistry market is witnessing a significant growth trajectory and is projected to reach USD 22.2 billion by 2027 from USD 16.5 billion in 2022, at a CAGR of 6.1% during the forecast period. The growth of this market can be attributed to several factors, including a rise in the number of tooth repair procedures, increasing demand for advanced cosmetic dental procedures, and growing interest in dental tourism in emerging countries.
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Additionally, the development of technologically advanced solutions in restorative dentistry, such as CAD/CAM technologies, is also driving market growth. These technologies are being increasingly adopted by the dental industry due to their precision and accuracy, which helps to improve the efficiency of dental restoration procedures.
Despite the market’s growth prospects, there are some factors that may hinder market growth to some extent, such as high costs of dental implants and limited reimbursements. However, leading players in the market, including Dentsply Sirona, Zimmer Biomet Holding Inc., and Institut Straumann AG, among others, are adopting strategies such as acquisitions, partnerships, expansions, and product launches to enhance their market position.
Moreover, new advancements in technology are anticipated to significantly influence the product portfolio in dentistry and selective areas of healthcare. As a result, leading players are pursuing RD initiatives to support product development, including collaborations with external research institutions, dental and medical schools. These players are also directly investing in developing new products, improving existing products, and advancing technology through collaborations with research centers and other research institutions.
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In conclusion, the global restorative dentistry market is set to witness a steady growth trajectory during the forecast period, driven by rising demand for dental procedures and the development of technologically advanced solutions. The increasing use of CAD/CAM technologies is an opportunity that dental product manufacturers can leverage to improve efficiency and accuracy in dental restoration procedures.