Dental Restorative and Regenerative Material Market Projected to Accrue Voluminously with 6.7% CAGR till 2023
Global Dental Restorative and Regenerative Material Market: Information by Type (Restorative Material (Amalgam (Resin-Based Composite, Glass Ionomer, Resin Modified Glass Ionomer, Porcelain, Metal and Porcelain-Fused-To-Metal) and Regenerative Material (Bone Graft Materials, Membranes and Tissue Regeneration Products), by End User (Dental Research Laboratories and Dental Hospitals and Clinics) - Forecast to 2023
It is widely understood that changing lifestyles, an increased consumption of sugar and other dietary changes have created a thriving market for dental restoration & regeneration products and services. Market Research Future (MRFR) has published a detailed report which identifies factors affecting growth and provides unique insights on trends and constraints during the forecast period. The report has revealed Dental Restorative and Regenerative Material Market Trends is Expected to reach a CAGR of 6.7% during 2019 to 2023.
An increasing geriatric population worldwide, is a key factor that has promoted growth for this market and will continue to do so. The aforementioned changing lifestyles and diets have steadily increased the recurrence of dental caries and other dental issues.
Advancement of new treatment options and ever evolving technology are expected to fuel market growth during the forecast period. Dental tourism is also expected to contribute significantly toward the growth of this market as it pushes developing countries to adopt modern dentistry methods to cater to consumers looking for treatment in regions that offer competitively priced procedures that make overall treatment affordable.
Stringent and snail-paced approvals of modern technology is expected to hinder growth. Lack of affordable options are another restraint on market growth. However, despite these restraints, prevalent market trends and the rising investment in research & development for innovative relevant technologies are expected to facilitate moderate growth during the forecast period.
Dental Restorative And Regenerative Material Market Key Players
Prominent players in the Dental Restorative And Regenerative Material Market include Keystone Dental, Inc., 3M, Zimmer Biomet, Biotech Dental, KaVo Kerr, botiss biomaterials GmbH, Henry Schein Inc., Dentsply Sirona, Institut Straumann AG and others.
MRFR’s report analyses the strategies used by the aforementioned market players so as to provide a comprehensive view of the competitive landscape of the market.
Dental Restorative And Regenerative Material Market Segmentation
Segmentation of this market has been done by types, end users and region. Based on type, the market has been segmented into; restorative material, regenerative material, and others. These have been further sub-segmented as follows:
- Restorative material – amalgam, resin based composite, glass ionomer, resin modified glass ionomer, porcelain, metal, porcelain-fused-to-metal and others.
- Regenerative material - bone graft material, membranes, tissue regeneration products and others
Based on end users, the market has been segmented into dental research laboratories, dental hospitals & clinics and others.
Based on region, the market has been segmented into North America, Europe, Asia Pacific (APAC) and the Middle East & Africa.
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Dental Restorative And Regenerative Material Market Regional Analysis
North America currently possesses the largest global market share. This is attributable to the presence of a developed healthcare sector and prominent market players in the region. Increased dental expenditure and a rise in demand for restorative & regenerative products and services in developed countries such as U.S. and Canada are key factors contributing to growth.
Europe closely follows North America's lead in terms of market share. There is a huge geriatric population in this region that drives the growth for the dental restorative & regenerative market. A rapid adoption of modern dental technologies and encouraging support for R&D from the government are some primary motivators of growth for this region.
The Asia Pacific is projected to be the fastest growing regional segment. The existence of a colossal patient base and unrealized potential of this market in the region are expected to facilitate rapid growth. Additionally, this region's inclusion of swiftly emerging economies that offer affordable treatments has made it popular as a dental tourism destination. Growing healthcare expenditure and encouraging government policies are driving global players to compete in this regional market.
Meanwhile, the Middle East & Africa, which hold the smallest market share are expected to experience limited growth during the forecast period. This is largely due to the presence of impoverished African economies where adoption of modern medical technologies is low. Growth in this region is expected from the Middle East due to the presence of rapidly developing economies that have high healthcare spending and a focus of providing quality healthcare.