Market Size of Restorative Dentistry Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 7.07 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Restorative Dentistry Market Analysis
The restorative dentistry market is projected to grow with a CAGR of 7.07% during the forecast period.
COVID-19 was expected to have a significant impact on the restorative dentistry market owing to the factors such as the closure of dental clinics and the diversion of other healthcare resources for COVID-19 care around the world. For instance, according to a survey study published by the General Dental Council of the United Kingdom in June 2022, about 22% of all respondents in the study reported that they tried to make an appointment since August 2020 but were unsuccessful, and 17% said they had an appointment that was rescheduled or canceled during the previous 12 months. Further, as per the same source, nearly half of the respondents (47%) believed that all dentist offices were open as of October 2021, which was an improvement over August 2020, and around 19% of respondents mentioned all dental offices were open, 25% of respondents in both the 2020 (25%) and 2021 (26%) polls said they were unsure about the status of dental offices. This data shows that the emergence of COVID-19 had a significant impact on dental clinics. Thus, the COVID-19 outbreak affected the market's growth adversely in its preliminary phase; however, the market is expected to gain traction due to the significant increase in the need for restorative dental procedures globally
The factors attributing to the market's growth are rising oral health diseases, dental problems, particularly among youngsters and the elderly, rising awareness regarding dental care and restorative dentistry, rising dental tourism, and the development of advanced technological solutions. The rising oral health disease and dental problems such as dental caries, cavities in the tooth, and missing teeth are the key factors driving the demand for restorative dentistry market. For instance, according to the March 2022 update of the World Health Organization, oral diseases affect approximately 3.5 billion, globally. Also, as per the same source, around 2 billion people are suffering from caries of permanent teeth and 520 million children have caries of primary teeth.
Similarly, according to a research study published in 2021, titled "Prevalence of Dental Caries in the Indian Population: A Systematic Review and Meta-analysis," the overall prevalence of dental caries was found to be 54.16%, whereas age-specific prevalence was 62% in patients above 18 years and 52% among 3-18 years of age. Hence, the high burden of oral diseases is expected to increase the demand for restorative dentistry products which is expected to have a significant impact on the growth of the studied market.
Furthermore, the rising dental tourism in the countries is also boosting the market's growth. For instance, according to an article published by Dentaly, in 2021, titled "Dental Tourism 2021: Get Cheaper Dental Implants and Veneers Abroad", dental implant tourism is becoming more popular due to cost savings. in addition to this, it has been observed that all-on-4 implants cost more than USD 15,000 in the United States and are especially popular with patients traveling abroad because they can be fitted considerably more rapidly and with fewer visits than standard implants.
Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. However, high cost of restorative procedures and treatment is likely to impede the market growth.
Restorative Dentistry Industry Segmentation
As per the scope of the report, restorative dentistry or dental restoration are the various ways to replace or restore the missing teeth or missing parts of the tooth structure or structures that need to be removed to prevent decay. Dental restorations include fillings, crowns, implants, bridges, dentures, and tooth extraction. The global restorative dentistry market is segmented by product (restorative materials, implants, prosthetics, and restorative equipment), end-user (dental hospitals and clinics, dental labs, and others), and geography (North America, Europe, Asia-Pacific, Middle East, and Africa, South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
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Restorative Dentistry Market Size Summary
The restorative dentistry market is poised for substantial growth, driven by an increasing prevalence of oral health issues and a rising awareness of dental care. The market's expansion is further supported by advancements in technology and the growing trend of dental tourism, where patients seek cost-effective dental procedures abroad. The COVID-19 pandemic initially hindered market growth due to clinic closures and resource reallocation, but the demand for restorative dental procedures has since surged. The market is characterized by a moderate level of competition, with key players like Dentsply Sirona, 3M, and ZimVie Inc. actively contributing to its development through innovative product offerings and strategic partnerships.
The dental implant segment is expected to experience significant growth, fueled by the increasing geriatric population and the associated rise in dental diseases. This demographic shift is prompting a higher demand for dental implants, supported by ongoing research and development efforts by market players. North America is anticipated to witness notable market growth due to the high incidence of dental diseases, a growing elderly population, and substantial investments in dental care. The presence of major industry players and their continuous product innovations are likely to further bolster the market in this region. Despite the promising growth prospects, the high cost of restorative procedures remains a potential barrier to market expansion.
Restorative Dentistry Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Geriatric Population and Increasing Prevalence of Oral and Dental Diseases
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1.2.2 Advancements In Technologies Driven by CAD/CAM
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1.2.3 Increasing Awareness Regarding Dental Care and Restorative Industry and Rising Dental Tourism
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1.3 Market Restraints
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1.3.1 High Cost of Restorative Procedures and Treatment
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - in USD Millions)
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2.1 By Product
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2.1.1 Restorative Materials
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2.1.1.1 Direct Restorative Materials
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2.1.1.2 Indirect Restorative Materials
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2.1.1.3 Biomaterials
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2.1.1.4 Bonding Agents/ Adhesives
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2.1.1.5 Impression Materials
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2.1.2 Implants
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2.1.3 Prosthetics
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2.1.4 Restorative Equipment
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2.1.4.1 CAD/CAM Systems
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2.1.4.2 Handpieces
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2.1.4.3 Rotary Instruments
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2.1.4.4 Casting Equipment
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2.1.4.5 Others
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2.2 By End-User
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2.2.1 Dental Hospitals and Clinics
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2.2.2 Dental Labs
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2.2.3 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Restorative Dentistry Market Size FAQs
What is the current Restorative Dentistry Market size?
The Restorative Dentistry Market is projected to register a CAGR of 7.07% during the forecast period (2024-2029)
Who are the key players in Restorative Dentistry Market?
3M Company, Dentsply Sirona, Envista, Mitsui Chemicals, Inc. and ZimVie Inc. are the major companies operating in the Restorative Dentistry Market.