June 19, 2024
Restorative Dentistry Market

Restorative Dentistry Market Poised to Witness High Growth Owing to Increasing Incidences of Dental Caries and Other Periodontal Diseases

The restorative dentistry market comprises various dental products used for restoring or reconstructing lost tooth structure, injured teeth, or correcting malformation, which includes dental materials such as direct filling materials, dental cements, and bonding agents. These restorative materials help fill in cavities or gaps caused by dental decay or injuries to teeth and restore their normal functions. They aid in improving dental aesthetics and help rehabilitation of broken teeth. The rising incidences of dental caries and other periodontal diseases owing to changing lifestyles and food habits have led to high demand for restorative dental materials and procedures, driving the growth of the restorative dentistry market.

The global restorative dentistry market is estimated to be valued at US$ 26.17 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Restorative Dentistry Market Growth are Alpek S.A.B de C.V., RTP Company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG. Some of the key opportunities in the market include rising medical tourism in emerging economies for dental treatments and procedures. Major players are also expanding globally in high potential markets to tap the increasing demand.

Key players operating in the restorative dentistry market are Alpek S.A.B de C.V., RTP Company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG. The market offers growth opportunities through rising medical tourism for dental procedures in emerging economies. Leading players are focusing on global expansion in high potential markets to leverage the burgeoning demand.

Market Drivers

The major driver boosting the restorative dentistry market growth is the increasing incidences of dental caries and other periodontal diseases. According to the WHO, oral diseases affect nearly 3.9 billion people worldwide with dental caries (cavities) being one of the most prevalent diseases. Also, factors such as changing lifestyles, sugar-rich diets, consumption of junk foods are contributing significantly to the alarming rise in dental issues globally. This is expected to increase the uptake of restorative dental materials and procedures during the forecast period.

PEST Analysis

Political: The restorative dentistry market is regulated by healthcare bodies in various countries and regions. Regulations regarding dental procedures, materials, and technologies need to be adhered to. Government initiatives to increase awareness and accessibility of dental care also influence the market.

Economic: Factors such as growing disposable incomes, healthcare spending, dental tourism, and demand for advanced procedures will boost the market growth. However, high costs of materials and equipment pose challenges to widespread adoption.

Social: Growing focus on oral hygiene, aesthetics, preventive healthcare, and demand for solutions with minimal invasion are key social trends. Increasing cases of tooth decay and problems due to changing lifestyles also support market growth.

Technological: Continuous R&D is facilitating development of novel biomaterials, equipment, and techniques. Advancements in areas such as digital dentistry, laser dentistry, Computer Aided Design/Computer Aided Manufacturing (CAD/CAM), and 3D printing are enhancing restorative procedures.

Geographical regions with high market value:

North America accounts for the largest market share primarily due to extensive dental insurance coverage, rising healthcare expenditure, and presence of major market players in the US and Canada. Europe is the second largest market due to supportive government initiatives, high reimbursement rates, and expanding elderly population requiring dental care.

Fastest growing region:

Asia Pacific region is expected to record the fastest CAGR during the forecast period. Factors such as growing dental tourism industry, increasing disposable incomes, large patient pool, rising dental problems associated with changing diets, and initiatives to boost oral healthcare are fueling high growth in the region.

The restorative dentistry market covers procedures, materials, and equipment used to restore and reconstruct teeth that are defective due to dental caries, fractures, traumatic injuries, or other causes. It involves various techniques like fillings (direct/indirect), crowns, bridges, veneers, and dental implants using materials such as ceramics, composites, and metals

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it