by The global restorative dentistry market is estimated to be valued at US$ 21.28 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Restorative dentistry is a branch of dentistry that focuses on the diagnosis, prevention, and treatment of oral diseases and disorders. It involves the restoration of damaged teeth and the replacement of missing teeth with dental implants, crowns, bridges, and dentures. Restorative dental procedures not only improve oral health but also enhance the aesthetic appearance of the teeth, leading to a boost in self-confidence and overall well-being. With the growing awareness about oral health and the increasing emphasis on aesthetic dental procedures, the demand for restorative dentistry products is expected to witness significant growth in the coming years.
Market Key Trends:
One key trend in the restorative dentistry market is the growing popularity of minimally invasive dental procedures. Patients are increasingly opting for procedures that involve minimal trauma, pain, and recovery time. Minimally invasive techniques, such as dental bonding, veneers, and inlays/onlays, are gaining traction due to their ability to provide natural-looking results while preserving the maximum amount of healthy tooth structure. These procedures offer several advantages, including reduced discomfort, shorter treatment time, and less post-operative sensitivity. Additionally, advancements in technology, such as CAD/CAM technology and 3D printing, have further facilitated the adoption of minimally invasive restorative dental procedures. As a result, the market is witnessing a shift towards less invasive treatment options to meet the growing demand for more conservative and aesthetically pleasing dental solutions.
PEST Analysis:
- Political: The political factors influencing the restorative dentistry market include government regulations and policies on healthcare and dental care. For example, government initiatives promoting oral healthcare and dental hygiene can positively impact the market. Additionally, political stability in various countries can attract investments in the dental industry.
- Economic: The economic factors influencing the restorative dentistry market include disposable income, healthcare spending, and insurance coverage. Higher disposable income and increased healthcare expenditure can lead to higher demand for restorative dentistry procedures and products. Furthermore, insurance coverage for dental treatments can further drive market growth.
- Social: The social factors influencing the restorative dentistry market include changing demographics, increasing awareness about oral health, and aesthetic considerations. As the global population continues to age, there is a higher demand for restorative dental procedures such as implants and dentures. Additionally, with the increasing focus on physical appearance and beauty, individuals are more willing to invest in aesthetic dental restorations.
- Technological: The technological factors influencing the restorative dentistry market include advancements in dental materials, digital dentistry, and CAD/CAM technologies. Innovations in dental materials such as ceramics and composites enable better and more durable restorations. Furthermore, the adoption of digital dentistry techniques and CAD/CAM systems has improved the accuracy and efficiency of restorative procedures.
Key Takeaways:
The Global Restorative Dentistry Market Demand is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period from 2023 to 2030. This growth can be attributed to increasing oral healthcare awareness, aging population, and technological advancements in the field. Additionally, rising disposable income and healthcare expenditure contribute to the market’s expansion.
Regionally, North America is projected to be the fastest-growing and dominating region in the restorative dentistry market. The presence of well-established dental healthcare infrastructure, increasing geriatric population, and higher healthcare spending in the region drive market growth. Moreover, supportive government initiatives and high awareness about oral health contribute to market dominance in North America.
Key players operating in the restorative dentistry market include 3M Company, Dentsply Sirona, Danaher Corporation, Mitsui Chemicals, Inc., Institut Straumann AG, Septodont Holding, Ivoclar Vivadent AG, Coltene Holding AG, GC Corporation, and Zimmer Biomet Holdings, Inc., among others. These key players are actively involved in product development, strategic collaborations, mergers and acquisitions, and expanding their geographical presence to gain a competitive edge in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
