RESTORATIVE DENTISTRY MARKET ANALYSIS

The global restorative dentistry market was valued at US$ 21.28 Bn in 2022 and is forecast to reach a value of US$ 36.04 Bn by 2030 at a CAGR of 6.8% between 2023 and 2030. The global restorative dentistry market is experiencing strong growth due to the rise in burden of oral or dental disease and growing dental tourism in emerging markets. Moreover, high demand for restorative dentistry products and growing geriatric population across the world is expected to boost growth of the market. However, factors such as high cost of restorative procedures/treatment and concerns related to the insurance reimbursement are expected to hamper the market growth.

Global Restorative Dentistry Market: Regional Insights

Based on Region, the global restorative dentistry market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period owing to the increasing prevalence of oral and dental diseases, growing geriatric population, and increasing awareness among people about oral health in the region. For instance, according to the American Dental Association, 2021 Report, about 2 in 3 (68%) adults aged 65 years or older have gum disease, and around 50% of people aged 75 years and more have root caries affecting at least one tooth. Moreover, around 90% Americans have cavities in their permanent teeth and 25% have untreated dental decay, driving the growth of the market.

Asia Pacific are also expected to witness lucrative growth in the global restorative dentistry market due to the rise in burden of dental disease, increasing number of dental clinics/facilities, increasing demand for restorative dentistry treatments, and increasing awareness among people in the region. For instance, according to Ministry of Health and Family Welfare, the Government of India, dental caries affects about 60% and periodontal disease about 85% of the Indian population; the country is considered the world capital for the oral cancer. This in turn is expected to augment the growth of the global restorative dentistry market.

Figure 1. Global Restorative Dentistry Market Share (%), by Region, 2023

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Global Restorative Dentistry Market Drivers:

Rise in burden of oral/dental disease to propel market growth

One of the key factors expected to augment the growth of the global restorative dentistry market over the forecast period is the rise in burden of oral or dental disease across the globe. For instance, restorative dentistry refers to a dental procedure that repairs or replaces the tooth. According to the World Health Organization (WHO), oral diseases affect around 3.5 billion people worldwide, with 3 out of 4 people live in middle-income countries. Moreover, around 2 billion people suffer from caries of permanent teeth and 514 Billion children suffer from caries of primary teeth. Thus, with the rise in burden of oral/dental disease, the use of restorative dentistry is also increasing.   

Rising dental tourism to underpin market growth

Another factor which is driving the growth of the global restorative dentistry market is the growing dental tourism in emerging markets. For instance, the idea behind dental tourism is based on the fact that people traveling to other countries can save up to 60% on their dental treatment. Dental tourism has grown exponentially in the last few years in emerging countries such as India, Mexico, Turkey, Poland, and Hungary; primarily be attributed to the low prices of dental treatments. For instance, dental crowns cost US$ 2,000 in the U.S., whereas dental crowns cost US$ 300 in India. Dental tourism also offers shorter waiting times and major cost advantages.

Global Restorative Dentistry Market Opportunities:

High demand for restorative dentistry products worldwide is expected to offer significant growth opportunities for players in the global restorative dentistry market. For instance, in October 2022, 3M announced the launch of 3M Filtek Matrix, the new restorative solution that makes composite placement less stressful and more predictable for dentists and more affordable for their patients. A Filtek Matrix is the latest innovation in 3M's industry-leading portfolio of restorative solutions. Clinicians can pair Filtek Matrix with 3M Filtek Dental Restoratives to deliver excellent composite strength and wear resistance for patients.

Growing geriatric population across the world is expected to offer significant growth opportunities for players in the global restorative dentistry market. For instance, oral diseases are one of the most prevalent health conditions globally, and their burden, especially tooth loss, is huge amongst the older population and thus, with the growing geriatric (aging) population, the demand for restorative dentistry products is also increasing rapidly. According to the World Health Organization (WHO), one in six people in the world will be aged 60 years or over by 2030, and the world’s population of people aged 60 years and older will double (2.1 billion) by 2050.

Global Restorative Dentistry Market Trends:

High demand for dental implants is a recent trend

The demand for dental implants is on rise due to increasing prevalence of oral disease and growing geriatric population across the world. Thus, players in the market are focusing on developing and launching novel products in the market, and this trend is expected to continue during the forecast period. In December 2022, ProSmile announced the launch of its new national brand, SmartArches Dental Implants to offer patients a full array of affordable and reliable dental implant services. The goal is to help patients rediscover what it means to smile with confidence.

Increasing awareness among people is another trend

Oral hygiene is important to a person's overall health and well-being. Several studies have shown that untreated oral diseases may increase the risk of adverse health conditions. Poor oral hygiene can lead to dental cavities and gum disease, and has also been linked to heart disease, cancer, and diabetes. Thus, maintaining good oral hygiene is important in improving oral health and the overall well-being and oral health awareness and practices need to be improved. Moreover, it is important to raise awareness about oral health and well-being.

Global Restorative Dentistry Market Restraints:

High cost of the treatment to hinder growth of the market

One of the key factors expected to hamper the growth of the global restorative dentistry market is the high cost of restorative procedures and treatment. Restorative dentistry helps to restore teeth's functions and improve overall dental health. However, the cost of dental treatment is high because dental insurance option is either weak or non-existent (due to poor reimbursement). It might cover cleanings and x-rays, but it will only provide minor cost assistance in high- cost treatments such as dental implants and orthodontic intervention. Thus, patients are required to bear the huge out-of-pocket cost associated with restorative procedures and treatments.

Reimbursement issues to hamper growth of the market

Another factor which is hampering the growth of the restorative dentistry market is the concerns related to the insurance reimbursement. For instance, dental insurance reimbursement issues pose a threat to the adoption of dental products, as not all the dental treatment are covered by insurance. The reimbursement structure for dental treatment including restorative dentistry is limited. Thus, patients are often reluctant to bear the huge out-of-pocket costs associated with dental treatment and often delay their dental treatment. Moreover, various dental treatments are not covered under the Mediclaim policies, which in turn hamper the market growth.

Figure 2. Global Restorative Dentistry Market Share (%), by End User, 2023

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Global Restorative Dentistry Market Segmentation:

The global restorative dentistry market report is segmented into Product Type, End User, and Region.

Based on Product Type, the restorative dentistry market is segmented into Restorative Materials, Implants, Prosthetics, and Restorative Equipment. Out of which, Restorative Materials Segment is expected to dominate the global restorative dentistry market over the forecast period and this is attributed to the increasing prevalence of dental/oral diseases.

Implants Segment is also expected to witness significant growth in the near future and this is due to the increasing demand for dental implants across the world.

Based on End User, the market is segmented into Dental Hospitals and Clinics, Dental Labs, and Research & Teaching Institutes. Out of which, Dental Hospitals and Clinics Segment is expected to dominate the market over the forecast period and this is attributed to the rise in burden of dental or oral disease and increasing number of dental procedures.

Dental Labs Segment is also expected to witness significant growth in the near future and this is owing to increasing awareness among people about oral health.

Global Restorative Dentistry Market: Key Developments

In April 2023, Germany Dental launched a website, http://www.thegermanydental.com, to provide comprehensive information about dental services, including family dentistry and dental implants. Family dentistry is an essential part of the services offered by Germany Dental.

In February 2023, SprintRay Inc. announced the launch of Ceramic Crown 3D Printing Ecosystem, a complete solution set to transform same-day, chairside delivery of ceramic dental restorations.

In June 2022, ZimVie Inc. launched T3 PRO Tapered Implant and Encode Emergence Healing Abutment in the U.S. after receiving approval from the Food and Drug Administration (FDA).

In April 2022, Sonendo launched CleanFlow instrument which is developed for the GentleWave system and is said to provide a less invasive option for root canal therapy.

Global Restorative Dentistry Market: Key Companies Insights

The global restorative dentistry market is highly competitive. This is attributed to the increasing prevalence of oral diseases and growing geriatric population, as a result, players in the market are focusing on launching novel products in the market.

Some of the key players in the global restorative dentistry market are 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.

*Definition: Restorative dentistry is a study, diagnosis, and integrated management of dental or oral diseases. Restorative dentistry focuses on repairing or replacing damaged or missing teeth and involves the care of patients who require restoration of the oral and dental tissues.