The Insight Partners published latest research study on “Restorative Dentistry Market – Global Analysis and Forecasts by Product, and End User.’ The global restorative dentistry market is expected to reach US$ 28,228.9 Mn in 2027 from US$ 16,337.5 Mn in 2018. The market is estimated to grow with a CAGR of 6.5% from 2019-2027. The report highlights the trends prevalent in the global restorative dentistry market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to the increasing prevalence of tooth loss, a growing number of dental practices, increasing demand for cosmetic dentistry, and technological developments in the restorative dentistry. However, limited reimbursement available for dental procedures and high costs of restorative materials is likely to hamper the market growth.
The restorative dentistry market is highly competitive in nature with a considerable number of players, having a high level of consolidation overall revenue share. Most of the companies operating in the restorative dentistry market are present globally and have wide distribution and sales network through partnerships or authorized dealers.
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The growth of the restorative dentistry market is primarily attributed to the factors such as the increasing prevalence of tooth loss, a growing number of dental practices, increasing demand for cosmetic dentistry and technological developments in the restorative dentistry. However, limited reimbursement available for dental procedures and high costs of restorative materials is likely to hamper the market growth.
According to the American College of Prosthodontists (ACP), 178 million Americans are missing at least one tooth. Additionally, 40 million people on an average in the United States are missing all of their teeth. The ACP estimates that this number is expected to rise over the next two decades owing to increasing cavity and tooth decay.
Browse key market insights spread across 259 pages with 166 list of tables & 80 list of figures from the report, “Restorative Dentistry Market to 2027 – Global Analysis and Forecasts by Product (Restorative Materials, Implants, Prosthetics, Restorative Equipment); End User (Hospitals and Clinics, Dental Laboratories, Dental Schools and Research Institutes), and Geography” in detail along with the table of contents: https://www.theinsightpartners.com/reports/restorative-dentistry-market
Restorative Dentistry Market: Competitive Landscape and Key Developments
The most notable market participants are Dentsply Sirona Inc., Danaher Corporation, 3M, Ivoclar Vivadent AG, Ultradent Products, Inc. Institut Straumann AG, Zimmer Biomet Holdings, Inc., GC Corporation, Mitsui Chemicals, Inc., Voco Gmbh, Brasseler USA and DiaDent Group International, occupying a considerable share of the market owing to their offerings to the market.
Market leaders are involved in providing the products and systems that contribute to quality enhancement and cost efficiency within healthcare and life sciences. For instance, in April 2019, 3M launched 3M Filtek Universal Restorative that offers a modernized approach to anterior and posterior restorations, with a simplified shading process and advanced composite technology to provide strong and esthetic results.
Many well-known, as well as small local companies, are present in the market to provide diversified products to its customers. The larger firms are adopting the strategy of acquiring small firms to enhance its product portfolio and expand its footprint in different geographies. Additionally, various companies are also undergoing other strategic alliances such as acquisitions and others to garner their significance and remain competitive in the market. Few of the important key developments from the industry are mentioned below.:
In 2019, Dentsply Sirona introduced Astra Tech Implant System and Ankylos and Xive to provide long-term functional and esthetic solutions for many clinical situations and patients worldwide.
In 2019, 3M and Bioclear entered into a partnership to provide dentists and dental schools with the techniques, tools and equipment to allow for longer lasting, stronger, and aesthetically superior composites.
In 2016, Straumann and Anthogyr signed a partnership agreement that enables the Swiss company to invest in Anthogyr and to address a broader section of the fast-growing tooth replacement market in China.
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Hospitals & clinics segment is expected to drive the growth of the global restorative dentistry market by end user
Global restorative dentistry market, based on the end user, was segmented into hospitals & clinics, dental laboratories, and dental schools & research institutes. In 2018, the Hospitals and clinics segment held the largest market share of 45.1% of the restorative dentistry market, by end user. This segment is also expected to dominate the market in 2027 owing to the rising geriatric population as well as the increasing number of private dental hospital and clinics chain across the globe. Additionally, increasing consolidation among the hospitals is also a major factor propelling the growth of the segment in the coming years
According to National Health Services, the prevalence of both partial and total tooth loss in adults and seniors has decreased since the early 1970s. However, significant disparities remain in some population groups related to tooth loss and insufficient dental care. Tooth loss is one of the sensitive indicators of access to dental care and overall dental health. Majority of the poor population across the world, suffer from tooth loss or decay due to factors such as periodontal diseases, injuries, accidents, and others. These problems can now be addressed or solved with the help of new age and advanced restorative dentistry.
Some of the major primary and secondary sources for restorative dentistry included in the report are Centers for Disease Control and Prevention (CDC), USFDA, International Dental Association, Journal of Dental Care, China Food & Drug Administration, contract research organizations, and among others.
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