Restorative Dentistry has a global market value of $ 23 billion US dollars in 2021. According to AMR Group, the market would reach US$ 38.3 billion by 2031, increasing at a 9.2 percent CAGR between 2023 and 2033.
The diagnosis, inspection, and coordinated treatment of any disease affecting teeth and their supporting structures, together with dentition rehabilitation to meet a patient’s functional and cosmetic needs, are collectively referred to as restorative dentistry. Restorative dentistry is performed by a dentist to maintain a patient’s oral health and functionality.
The market is growing due to a number of causes, including an increase in oral health disorders, dental problems, especially in young children and the elderly, increased knowledge of restorative dentistry and dental care, an increase in dental tourism, and the development of better technological solutions. The market need for restorative dentistry is being driven by an increase in oral health disorders and dental problems such as dental caries, cavities in teeth, and lost teeth.
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Restorative Dentistry Market Dynamics
Dental tourism is a very profitable area of the healthcare tourism industry. This industry has grown considerably in recent years, with developing countries such as India, Mexico, Hungary, Poland, and Turkey emerging as hotspots for dentistry. Growth in these markets may be attributed mostly to reduced dental treatment costs in developing countries compared to industrialized ones, as well as infrastructure improvements. Dental crowns, for example, cost USD 2,000 in the US and $1,000 in the UK, but just USD 100 in the Philippines, $300 in India, and $400 in Mexico. Dental tourism also reduces long wait times and offers considerable cost savings.
Thus, the cost of dental tourism is a crucial factor driving the Restorative Dentistry Market’s rise. Some of these countries’ dental vacation packages draw a big number of dental tourists each year. These packages contain both dental treatments and travel packages; the entire cost in emerging nations is still less than the cost of dental procedures alone in the United States or the United Kingdom.
Key Players
Institut Straumann AG, Ivoclar Vivadent AG, Kerr Corporation, Keystone Dental Group, 3M Company, COLTENE Group, Danaher Corporation, Den-Mat Holding, Dentsply Sirona, DMG Chemish- Pharmaceutische Fabrik GmbH, GC Corporation, Henry Schein, Inc., Kuraray Co. Ltd., Mitsui Chemicals, Inc., Nobel Biocare Services AG, Osstem Implant Co. Ltd., Septodont Holding, SHOFU Dental GmbH, Ultradent Products Inc., VOCO GmbH, Zhermack SpA, Zimmer Biomet, and ZimVie Inc. are some of the prominent players in the restorative dentistry market.
Regional Trend
Geographically speaking, the market for restorative dentistry was dominated by Europe, which held a 39.3% revenue share in 2022. The high rate of tooth implant adoption in this area, the presence of numerous restorative dentistry manufacturers, advantageous reimbursement policies, and the steadily rising geriatric population all contribute to the region’s growth in need for restorative dentistry. It is projected that North America will have the second-largest market share in 2021.
The primary factors driving the market development in the United States are the growing number of dentists and the increasing frequency of edentulous individuals. The Asia Pacific region is expected to provide excellent restorative dentistry market potential because of the area’s rapid expansion of its healthcare infrastructure, high prevalence of dental issues, and rise in medical tourism. Parents’ growing awareness of the potential long-term effects of dental operations on their children has enhanced the significance of early detection and treatment.
Market Opportunity
The global restorative dentistry market is anticipated to present substantial potential prospects for industry participants due to the high demand for restorative dentistry products across various regions. For example, 3M announced in October 2022 the introduction of 3M Filtek Matrix, a new restorative solution that helps dentists put composites in a less stressful, predictable, and cost-effective manner for their patients. The newest addition to 3M’s renowned restorative solution offering is the Filtek Matrix. To provide patients with superior composite strength and wear resistance, clinicians can combine Filtek Matrix with 3M Filtek Dental Restoratives.
The world’s aging population is predicted to present major development potential for companies operating in the restorative dentistry industry. For example, dental disorders are among the most common health issues in the world, and they are particularly common in the elderly population. As a result, as the geriatric (aging) population grows, so does the need for restorative dentistry goods. The globe Health Organization (WHO) projects that by 2030, one in six people will be 60 years of age or older, and by 2050, the number of people in the globe who are 60 years of age or older will have doubled to 2.1 billion.
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