by The Global Restorative Dentistry Market is estimated to be valued at US$ 21.28 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Restorative dentistry encompasses various procedures that aim to restore the function and aesthetics of damaged or missing teeth. This includes dental implants, dental bridges, dental crowns, and dentures. These procedures are widely used to treat dental disorders caused by tooth decay, gum disease, or trauma. With the increasing prevalence of dental disorders worldwide, the demand for restorative dentistry procedures is expected to grow significantly.
Market Dynamics:
The growth of the restorative dentistry market is primarily driven by the rising prevalence of dental disorders, such as tooth decay and periodontal disease. Additionally, advancements in dental technology, such as CAD/CAM systems and 3D printing, have revolutionized the restorative dentistry procedures, making them more efficient and precise.
Furthermore, an increasing focus on aesthetics and the desire for improved oral health among the population are also contributing to the market growth. Additionally, the availability of innovative restorative materials and techniques is further propelling market growth.
Segment Analysis
Restorative dentistry is a segment of the dental market that involves the diagnosis, treatment, and prevention of oral diseases and disorders. It includes dental restorations such as fillings, crowns, bridges, and implants. Within the restorative dentistry market, the dominating sub-segment is dental implants.
Dental implants are dominating the restorative dentistry market due to various factors. Firstly, the increasing prevalence of dental disorders, such as tooth decay and periodontal diseases, has resulted in a growing demand for dental implants. Additionally, advancements in dental implant technology, such as the use of biocompatible materials and computer-aided design and manufacturing (CAD/CAM), have improved the success rate and long-term stability of implants. Moreover, the rising awareness about the aesthetic and functional benefits of dental implants has also contributed to their dominance in the market.
PEST Analysis
Political: The restorative dentistry market is influenced by political factors such as regulations and government policies regarding dental healthcare. For example, government initiatives to promote oral health and increase access to dental care can positively impact the market.
Economic: The economic factors affecting the restorative dentistry market include disposable income levels, healthcare expenditure, and insurance coverage. Higher disposable income and increased healthcare spending can lead to a higher demand for restorative dental procedures.
Social: Changing lifestyles, dietary habits, and aging populations are social factors that contribute to the growth of the restorative dentistry market. As people become more conscious about their oral health and appearance, the demand for restorative dental treatments increases.
Technological: Technological advancements in restorative dentistry, such as digital dentistry, CAD/CAM systems, and 3D printing, have revolutionized the field. These technologies allow for more accurate and efficient dental restorations, driving market growth.
Key Takeaways
The Global Restorative Dentistry Market Size is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period (2023-2030). This growth is mainly driven by factors such as the increasing prevalence of dental disorders, advancements in dental implant technology, and rising awareness about the benefits of restorative dental treatments.
Regionally, North America is the fastest-growing and dominating region in the restorative dentistry market. The region has a well-established healthcare infrastructure, high dental awareness, and a large patient population with dental issues. Additionally, the presence of key market players and ongoing technological advancements contribute to the region’s dominance.
Key players operating in the restorative dentistry market include 3M Company, Dentsply Sirona, Danaher Corporation, Mitsui Chemicals, Inc., Institut Straumann AG, Septodont Holding, Ivoclar Vivadent AG, Coltene Holding AG, GC Corporation, and Zimmer Biomet Holdings, Inc., among others. These companies invest in research and development activities to introduce innovative products and gain a competitive edge in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
