iCrowd Newswire – Jul 16, 2020
Restorative Dentistry Market size is estimated to be $17.67 billion in 2019, growing at a CAGR of 6.6% during the forecast period 2020-2025.The demand of cosmetic Dentistry, increase in the prevalence of tooth loss, growing number of dental practices and evolving technology is a major factor driving the market for restorative Dentistry during the forecast period 2020-2025. Moreover, restorative Dentistry procedure can give a better dental structure, be a long last solution, help protect natural teeth, prevent tooth movement and can improve overall health and appearance of the teeth. Furthermore, increasing number of hospitals and dentals clinics across the world is also contributing to its market growth. Moreover, patients have developed a greater desire for a smile that not only feels healthy but looks good as well, which has driven the increasing demand for cosmetic Dentistry. Furthermore the increasing demand of prosthodontics, periodontics and endodontics is further contributing to its market growth.
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By Product- Segment Analysis
By Product the restorative Dentistry market is segmented into restorative materials, implants, prosthetics and restorative equipment. Among these the restorative materials is projected to be the fastest-growing with a CAGR of 5.8% during the forecast period 2020-2025. This is owing to the increasing number of tooth decay and the rising demand of cosmetic Dentistry. The restorative material is further segmented into direct restorative materials, indirect restorative materials, Biomaterials, Bonding agents and Dental Impression Materials. Furthermore, the restorative materials are used to fulfill basic prerequisites including similarity to tooth structure in their mechanical, physical and esthetic properties. In addition composite resins are the most widely accepted material of choice by dentist and patients owing to their natural appearance and new advances in their strength.
By End-User- Segment Analysis
Hospitals and Clinics dominated the Restorative Dentistry Market in 2019 owing to the increasing number of hospitals and dental clinics across the world. Furthermore, increasing number of dental school graduates likely to open dental clinics is further driving its market growth. Moreover, according to the FDI World Dental Federation oral diseases affects 3.9 billion people worldwide, with untreated tooth decay impacting almost half of the world’s population, making it the most prevalent of all the 291 conditions included in the Global Burden of Diseases Study.
Geography- Segment Analysis
Europe dominated the Restorative Dentistry Market with a region share 30% in 2019 owing to the rising geriatric population and increasing number of hospitals and clinics in that region. Increasing health concerns along with the growing demand of advanced oral healthcare, increasing health expenditure and increasing awareness of people spending on dental care is a major factor driving its market growth. Furthermore, the presence of large number hospitals and ease of availability of technology advanced instruments in that region is further driving its market growth.
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Drivers –Restorative Dentistry Market
- Increasing Variety of Tooth Repair Procedures
Increasing variety of tooth repair procedure is a major factor driving the Restorative Dentistry Market during the forecast period 2020-2025.Increasing tooth decay and adoption of an appropriate tooth repair procedure such as bonding, braces, bridges and implants, crown and caps and others is fueling its market growth. Moreover, dental crown offers several advantages such as support a teeth that has been significantly damaged by decay, protect a tooth that has been worn away from being damaged further and improve the appearance of tooth by changing its colour and shape.
- Increased demand for advanced cosmetic dental procedures
Increasing population along with the growing demand of teeth whitening, dental veneers and bonding, inlays and onlays, are a few ways dentist improve the lives of patients through cosmetic industry thereby driving the demand of restorative Dentistry market during the forecast period 2020-2025. Furthermore, cosmetic Dentistry ensures that teeth look beautiful while remaining healthy. As per the recent surveys global market for cosmetic industry is predicted to grow at an annual rate of 5%, increasing its value to an estimated $21 billion by 2026.
Challenges – Restorative Dentistry Market
- High Cost of Restorative Dental Materials & Dental Implants
High cost of Restorative Dental Materials & Dental Implants is a major factor restraining the Restorative Dentistry Market during the forecast period 2020-2025. Dental care, equipment availability, skills of practitioners and cost of services all play major roles in provision and utilization of comprehensive oral care. These are the key factors which disrupts the smooth functioning of Restorative Dentistry Market.
March, 2020: Align Technology to acquire Global Dental CAM/CAD solutions broaden and strengthen Aligns digital Dentistry platform for doctors, labs and partners worldwide.
March, 2020: Align technology to acquire software maker Exocad for approximately $420 million in cash.
- Hospitals and Clinics dominated the Restorative Dentistry Market in 2019 owing to the increasing number of hospitals and dental clinics across the world
- In 2019, Europe dominated the Restorative Dentistry Market owing to the increase in the awareness of people spending on dental care.
- Increasing tooth decay and adoption of an appropriate tooth repair procedure such as bonding, braces, bridges and implants, crown and caps and others is fueling its market growth.
Restorative Dentistry Industry Outlook
Product Launches, Merger &Acquisition, joint ventures and R&D activities are key strategies adopted by the players in the Restorative Dentistry Market. Restorative Dentistry Market top 10 companies are3M Company, Coltene Holding AG, Danaher Corporation, Dentsply Sirona Inc, GC Corporation, Institut Straumann AG, IvoclarVivadent AG, Mitsui Chemical AG, Septodont Holding and VocoGmBH.
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