The Global Tooth Regeneration Market is expected to address more than 4,600 million dental procedures by 2024, according to a new report by published by Coherent Market Insights. Patient focused innovation along with rise in geriatric population is expected to create lucrative growth opportunities for market players.
Historically, the dental industry has been highly lucrative for industry players, with average 5.5% annual growth rate. Growth in the dental industry has been on upward trend since last two decades. As a result, industry players have generated high ROI over the last two decades, despite the industry being highly fragmented.
The future, however, is completely different – with disruptive dental technology underway. The companies are investing lump sum amount towards development of biologically engineered tooth regeneration for better dental treatment modalities.
Tooth regeneration market outlook seems optimistic with potential to completely transform the dental industry perception.
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Tooth regeneration market revenue is expected to be primarily driven by various macroeconomic factors ranging from increased geriatric population, high per capita spending, and higher fund allocation on stem cell based tooth regeneration by companies and increased dental procedure worldwide. As per the World Bank estimates, geriatric population is growing three times higher than overall population growth in U.S. Same trend is prevalent across Asia Pacific and Europe. According to Europa, over 25% of population in Europe is expected to be aged over 65 years by 2020. As such, there is huge addressable market for players in the market.
Research activities in tooth regeneration market is expected to create favorable market opportunity for industry players in near future. Various studies are conducted by research institutes to understand the tooth regeneration market feasibility. For instance, Nova Southeastern University is conducting research on tooth regeneration from stem cells. Similar initiatives are taken by Tufts School of Dental Medicine and Columbia University (U.S.). Growth in tooth regeneration market scenario is expected to be further supported by increasing number of dental implant procedures performed annually is a significant opportunity for tooth regeneration techniques and products. Around 2.6 million dental procedures are estimated to be carried out in 2017 that would grow at 7.1% during 2016–2024.
Key takeaways of the market are:
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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