The Global Dental Restorative and the Regenerative Material Market are expected to register a CAGR of 6.7% and is anticipated to reach USD 2679.7 Million by 2023.
Dental restorative and regenerative materials are used to replace damaged or lost teeth, mostly it happens due to dental caries or dental cavities. Simultaneously, dental restorative and regenerative materials are also used in cosmetic dentistry, which improves the appearance of the teeth and enhances the smile of an individual.
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The increasing prevalence of dental disorders, availability of identical material, growing dental tourism, rising adherence and biocompatibility, and increasing disposable income are responsible for propelling the market growth. However, the high cost of dental restorative and regenerative material and lack of awareness about dental procedures are hampering the growth of the market.
The rise in the cases of dental complications is expected to drive the growth of the market. According to the World Dental Federation, more than 3.9 billion people are affected by oral diseases, and about half of the world’s population is suffering from untreated tooth decay. Moreover, increasing dental tourism is also likely to support market growth. On the other hand, the high cost of dental materials and lack of awareness is anticipated to hamper the market growth.
The global dental restorative and the regenerative material market has been segmented into type and end user. By type, the market has been segmented into restorative material and regenerative material. Restorative material segment has been divided into an amalgam, resin-base composite, glass ionomer, resin-modified glass ionomer, porcelain, metal, porcelain-fused-to-metal. The regenerative material segment is further segmented into bone graft materials, membranes, and tissue regeneration products.
Based on end user, the market has been segmented into dental research laboratories and dental hospitals and clinics. The dental hospitals and clinics segment accounted for a market share of 82.30% in 2016.
The prominent players in the global dental restorative and regenerative material market are DENTSPLY Sirona, Henry Schein, Inc., Kerr Corporation, Keystone Dental, Inc., Nobel Biocare Services AG, 3M, Biotech Dental, botiss biomaterials GmbH, Institut Straumann AG, and Zimmer Biomet.
Some of the key strategies followed by the players operating in the global dental restorative and regenerative material market were innovation, product development, acquisition, and expansion.