The Global Dental Restorative and Regenerative Material Market is expected to grow at a CAGR of 6.7% during the forecast period.
The treatment procedures of various medical-dental conditions like caries and periodontal disease involves the application of dental restorative and regenerative materials. Increasing prevalence of such diseases along with the rising dental healthcare expenditure mainly drives the market growth during the forecasted period. According to the Oral Health Foundation, from 2010 to 2015 approximately 20% of the children were admitted to the hospitals due to tooth decay or caries.
Moreover, According to the American Dental Association, the U.S. national dental expenditures rose from USD 114 billion in 2014 and reached USD 117.5 billion in 2015 which facilitated the market growth within the region. Additionally, growing geriatric population fuels the market growth. However, lack of awareness and high cost of products will restrain the market growth during the forecasted period.
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Key players for Dental Restorative and Regenerative Material Market:
The key players for the dental restorative and regenerative material market are 3M (U.S.), Biotech Dental (Europe), botiss biomaterials GmbH (Europe), Dentsply Sirona. (U.S.), Henry Schein, Inc. (U.S.), Institut Straumann AG (Europe), KaVo Kerr (U.S.), Keystone Dental, Inc. (U.S.), Zimmer Biomet (U.S.), and others.
The dental restorative and regenerative material market is segmented on the basis of types, end users, and region.
On the basis of types, the market is segmented into restorative material and regenerative material, and others. The restorative material segment is sub segmented into amalgam, resin based composite, glass ionomer, resin modified glass ionomer, porcelain, metal, porcelain-fused-to-metal, others. The regenerative material segment is sub segmented into bone graft materials, membranes, tissue regeneration products, others.
America dominates the dental restorative and regenerative material market owing to a well-developed healthcare sector. Apart from this, increasing number of patients, changing lifestyle and increasing healthcare expenditure have boosted the growth of the market in America. According to the American Dental Association, the U.S. national dental expenditures rose from USD 114 billion in 2014 and reached USD 117.5 billion in 2015. Moreover, the presence of developed economies like the U.S. and Canada within the region fuels the market growth.
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Europe is the second largest dental restorative and regenerative material market, which is followed by Asia Pacific. Availability of huge funds for research for the growing patient population and government support for research & development will drive the market growth during the forecasted period. Moreover, easy acceptance of the new technology and high healthcare expenditures fuels the European market growth.
Asia Pacific is the fastest growing region for the market. The presence of a huge patient population and continuously developing economies like India & China which have favourable government policies and developing healthcare sector fuels the growth of the market within the region. According to the World Dental Show, the Indian dental industry is expected to reach USD 234 million by 2018 from USD 128 million in 2013. Additionally, the presence of huge opportunities in the untapped market of the region can be exploited for enhancing the market growth.
On the other hand, the Middle East & Africa has the least share in the dental restorative and regenerative material market due to presence of poor economy especially in Africa region. Majority of the market of this region is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure.
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