Press release
Restorative Dentistry Market to Reach Valuation of USD 35.60 Billion and growing at CAGR of 8.6% by 2030
According to the most recent analysis by Emergen Research, the worldwide restorative dentistry market reached USD 16.90 billion in 2021 and is anticipated to grow at a rate of 8.6% over the projected period. Dentistry that focuses on restoring or replacing damaged or missing teeth is referred to as restorative dentistry. The market for restorative dentistry has been expanding steadily over the past several years and is predicted to do so in the years to come. The market is fueled by a number of factors, including the rising elderly population, the incidence of oral problems, and the need for aesthetic dentistry. However, the market also has to contend with issues like exorbitant treatment costs, restrictive reimbursement guidelines, and a dearth of qualified dental specialists.The rising incidence of dental illnesses like periodontal disease, tooth decay, and oral cancer is one of the major factors propelling the restorative dentistry industry. According to the World Health Organisation, dental caries (tooth decay), which affects over 50% of the global population, affects nearly 3.5 billion people globally. The need for restorative dental treatments and procedures has increased as a result of the high frequency of dental problems.
The market for restorative dentistry is being pushed by the rise in popularity of cosmetic dentistry. Patients can now get the ideal smile they have always wanted thanks to improvements in dental technology and materials. Particularly among younger generations, procedures including veneers, dental bonding, and teeth whitening are growing in popularity. In the upcoming years, the market for restorative dentistry as a whole is anticipated to be driven by the continued growth in demand for cosmetic dentistry.
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Despite the market for restorative dentistry having a bright future, there are still a number of obstacles that must be overcome. The high expense of restorative dental treatments and procedures is one of the key obstacles. Many patients are unable to pay for these procedures, especially in underdeveloped nations where access to dental care is scarce. Additionally, there are few insurance plans that cover restorative dentistry procedures, which makes it challenging for patients to get these treatments.
The lack of qualified dental practitioners is another issue. Procedures in restorative dentistry demand a high degree of skill and knowledge, and there is a global scarcity of qualified experts. In the next years, it is anticipated that this shortage would persist, which will restrain the market's expansion for restorative dentistry.
Despite these obstacles, a number of growth factors are anticipated to propel the restorative dentistry industry in the years to come. For instance, CAD/CAM (computer-aided design/computer-aided manufacture) and 3D printing are improving the effectiveness and efficiency of restorative dentistry procedures. Additionally, it is anticipated that rising dental tourism popularity, particularly in developing nations, will increase the demand for restorative dentistry procedures.
Major Companies and Competitive Landscape:
Some major companies in the global restorative dentistry market report include Envista, Zimmer Biomet., GC Corporation, Dental Technologies Inc., BISCO, Inc., KeystoneDentalGroup, COLTENE Group, Mitsui Chemicals, Inc., Dentsply Sirona, 3M.
The restorative dentistry market is a highly competitive space with numerous players offering a wide range of products and services. DENTSPLY SIRONA is a leading player in the restorative dentistry market and offers a wide range of products and solutions for various dental applications. The company's product portfolio includes dental implants, endodontics, orthodontics, and restorative dentistry products such as dental composites, bonding agents, and cements. The company has a strong global presence and is well-positioned to cater to the growing demand for restorative dentistry products.
3M Company is another prominent player in the market and offers a range of restorative dentistry solutions such as dental cements, bonding agents, and composites. The company has a strong focus on innovation and has launched several new products in recent years.
Danaher Corporation is a diversified company that operates in various markets, including the restorative dentistry market. The company's restorative dentistry product portfolio includes dental implants, abutments, and restorative materials such as dental composites and cements. The company has a strong global presence and operates in over 60 countries worldwide.
Ivoclar Vivadent AG is a Swiss-based company that offers a wide range of restorative dentistry products and solutions. The company's product portfolio includes dental composites, bonding agents, and cements, as well as dental ceramics and digital dentistry solutions. The company has a strong focus on innovation and has launched several new products in recent years, such as the Tetric EvoFlow Bulk Fill composite and the IPS e.max CAD lithium disilicate blocks.
Zimmer Biomet Holdings Inc. is a multinational medical device company that operates in various markets, including the restorative dentistry market. The company's restorative dentistry product portfolio includes dental implants, abutments, and restorative materials such as dental composites and cements. The company has a strong global presence and operates in over 100 countries worldwide.
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Segmentation Insights for Restorative Dentistry Market Report:
The global restorative dentistry market has been segmented by Emergen Research based on product, application, end-use, and region. In terms of product, the market is categorized into restorative materials, prosthetics materials, implants, restorative equipment, and others. Restorative materials are expected to dominate the market during the forecast period. Prosthetics materials and implants are also expected to witness significant growth due to the increasing prevalence of dental disorders and the growing geriatric population.
Based on application, the market is segmented into endodontics and conservative, prosthodontics, and others. The endodontics and conservative segment is expected to hold a significant share of the market during the forecast period due to the increasing prevalence of dental caries and tooth decay. The prosthodontics segment is also expected to witness significant growth due to the increasing demand for dental implants and bridges.
Based on end-use, the market is segmented into dental laboratories, hospitals and clinics, and others. The hospitals and clinics segment is expected to hold a significant share of the market during the forecast period due to the increasing number of dental procedures being performed in these facilities. The dental laboratories segment is also expected to witness significant growth due to the increasing demand for customized dental prosthetics and restorative materials.
Lastly, the report provides a regional outlook for the global Restorative Dentistry Market, which includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report highlights several countries within each region, such as the U.S., Canada, Germany, the U.K., China, India, Brazil, and Saudi Arabia, among others.
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