Market Research Future published a Cooked research report on “Global Dental Restorative and Regenerative Material Market Research Report – Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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.) are some of the leading players at the cutting edge of the competition in the market of Dental Restorative and Regenerative Material, globally.
Companies are continuously developing new products to capture the market globally. Thus major players invest more in research and development activity, in order to lead the global market. In this regards, market players undertake various strategic approaches such as acquisitions, partnerships, mergers and new product launch.
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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, 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.
On the basis of end users, the market is segmented into dental research laboratories, dental hospitals and clinics, and others
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 Regional Analysis
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.
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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