Restorative Dentistry Market Projected to Reach $7.4 Billion by 2028
The global restorative dentistry market is experiencing robust growth, with revenue estimated to reach $7.4 billion by 2028, up from $5.6 billion in 2023, representing a Compound Annual Growth Rate (CAGR) of 5.5%. This growth trajectory is driven by various factors outlined in a comprehensive research study focusing on industry trends, pricing analysis, patent examination, and key stakeholders in the market.
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The
surge in demand for restorative dental procedures is primarily
attributed to the increasing prevalence of dental disorders and the
continual advancements in dental technologies. However, challenges such
as microleakage in composite restorations and the intricacies associated
with traditional dental composites are also influencing market
dynamics.
Drivers: Lifestyle Changes and Unhealthy Food Habits
One
of the significant drivers contributing to the rise in restorative
dentistry is the shift in lifestyle patterns and unhealthy dietary
habits. The consumption of sugary foods like chocolates, cookies, cakes,
and ice cream has escalated, fostering the growth of bacteria in the
mouth, leading to dental issues. Moreover, the growing trend of oral
piercings among young adults, particularly on the tongue, has increased
infection rates, necessitating dental procedures to address resulting
complications.
Restraint: Intricacies of Using Traditional Dental Composites
Traditional
dental composites pose challenges due to their time-consuming and
technique-sensitive application process. Placing composite restorations,
especially in larger and deeper cavities, requires meticulous layer
placements and incremental light-curing, hindering market growth despite
increasing demand.
Opportunity: Rising Disposable Incomes in Developing Countries
Developing
countries such as India, China, and Brazil are witnessing an upsurge in
disposable incomes, coupled with a high prevalence of dental issues.
The increase in per capita income is expected to drive dental healthcare
expenditure, thereby fueling the adoption of restorative dental
products in these regions.
Challenges: Dearth of Dental Practitioners
Despite
increasing demand, a shortage of dental professionals in various
countries poses a significant challenge for the restorative dentistry
market. The inadequate dentist-to-population ratio, particularly in
regions like Africa, impedes the widespread adoption of dental
procedures.
Regional Insights:
North
America emerges as the fastest-growing regional market for restorative
dentistry, driven by factors such as low treatment costs, advanced
infrastructure, and a high concentration of skilled practitioners,
attracting medical tourists to the region.
The global restorative
dentistry market is segmented across Asia Pacific, North America,
Europe, Latin America, and the Middle East & Africa, with North
America poised for significant growth.
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Leading
players in the restorative dentistry market, including DENTSPLY SIRONA
Inc, 3M Company, and Envista Holdings Corporation, leverage their
extensive experience, diverse product portfolios, and advanced
technologies to maintain market dominance.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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