USD 7.70 Billion
Report ID:
SQMIG35A2596 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
67
|Figures:
75
Dental Biomaterials Market size was valued at USD 8.26 Billion in 2022 and is poised to grow from USD 8.86 Billion in 2023 to USD 15.56 Billion by 2031, at a CAGR of 7.29% during the forecast period (2024-2031).
The global dental biomaterials market is fuelled by the increasing aging population, which is prone to dental issues such as tooth decay and tooth loss, creating a higher demand for dental restorations and implants. Technological advancements, including CAD/CAM systems and 3D printing, have revolutionized dental procedures, enhanced precision and efficiency and boosted the demand for dental biomaterials. Moreover, the rise in dental tourism, where individuals seek cost-effective dental treatments abroad, has contributed to the market's growth.
The growing awareness of dental aesthetics and the desire for improved oral appearance have also propelled the demand for dental biomaterials. However, the market faces challenges such as high costs associated with advanced materials, limited reimbursement policies for dental procedures, a shortage of skilled professionals, stringent regulatory requirements, and the need for better education and awareness among patients and dentists. Despite these challenges, the global dental biomaterials market is expected to continue its growth trajectory, driven by the increasing need for dental treatments and advancements in dental technology.
Global Market Size
USD 7.70 Billion
Largest Segment
Dental Laboratories
Fastest Growth
Dental Laboratories
Growth Rate
7.29% CAGR
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The global dental biomaterials market is segmented on the basis of type, end-use, and region. By type, the market is segmented into metallic biomaterials, ceramic biomaterials, polymeric biomaterials, metal-ceramic biomaterials, natural biomaterials, and composites biomaterials. By end use, the market is segmented into dental hospitals and clinics, dental laboratories, dental academies and research institutes, dental product manufacturers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
The ceramic biomaterials type segment emerged as the dominant segment in terms of revenue, capturing a significant market share. This substantial share can be attributed to the increasing utilization of ceramic biomaterials in dentistry, particularly in dental implants. Ceramic biomaterials are known for their durability and biocompatibility, making them a preferred choice in various dental applications. Metallic biomaterials, on the other hand, are widely used in dental implants to provide internal support to biological tissues. The market also encompasses other segments such as polymeric biomaterials, natural biomaterials, metal-ceramic biomaterials, and composite biomaterials.
Among these, the composite biomaterials segment is expected to exhibit the highest compound annual growth rate (CAGR) during the forecast period. This growth can be attributed to recent technological advancements in composite biomaterials, presenting new opportunities for market players. Additionally, the low market penetration of composite biomaterials further enhances the potential for market growth in this segment.
Analysis By End use
Dental laboratories had the largest market share of 42.8% in 2022. This can be attributed to the increasing number of dental practices, rising prevalence of tooth disorders, and increasing awareness of oral hygiene. Dental laboratories are responsible for creating custom dental restorations, such as crowns, bridges, and dentures. The increasing number of dental practices, rising prevalence of tooth disorders, and increasing awareness of oral hygiene have all contributed to the growth of this segment.
The dental academies and research institutes segment is expected to have the highest CAGR in the market over the forecast period. This is due to the increasing demand for research and development in the field of dental materials and technologies. Dental academies and research institutes are involved in the research and development of new dental materials and technologies. The increasing demand for research and development in this field is expected to drive the growth of this segment over the forecast period.
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North America was the dominant market for dental biomaterials, accounting for a market share of 35.5%. This is expected to continue over the forecast period, due to factors such as growing government expenditure on oral health, rising aging population, and increasing adoption of dental biomaterials for the production of dental products and implants. The rising number of dental hospitals and clinics is also a contributing factor to the growth of the market in this region.
Asia Pacific is expected to be a significant market for dental biomaterials over the forecast period, due to the increasing incidence of tooth disorders. The region is one of the most densely populated areas in the world, and it is home to two of the most populous countries in the world: India and China. Both of these countries are emerging global economic leaders, and they have a high burden of oral diseases.
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Drivers
Technological Advancements
Increasing Dental Tourism
Restraints
Regulatory Challenges
Limited Awareness and Education
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The competitive landscape of the global dental biomaterial market is characterized by intense competition and a diverse range of players. The market is highly fragmented, with several established manufacturers and emerging players vying for market share. Key players in the market focus on product development, technological advancements, strategic partnerships, and acquisitions to strengthen their market position. The market is driven by innovation, with companies constantly introducing new and advanced dental biomaterial products to meet the evolving needs of dental professionals and patients. Additionally, the market is influenced by factors such as pricing strategies, distribution channels, brand reputation, and regulatory compliance. Overall, the global dental biomaterial market presents numerous growth opportunities for both established and new entrants, as the demand for dental biomaterials continues to rise globally.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global dental biomaterial market analysis, the rising demand for cosmetic dentistry and the desire for aesthetic dental procedures and improved smiles are prime growth drivers. Technological advancements have played a crucial role, offering innovative materials and techniques for better treatment outcomes. The increasing geriatric population has also contributed to market growth, as older individuals require dental prosthetics and implants. Dental tourism has been on the rise due to cost-effectiveness and high-quality dental care in certain regions. Additionally, growing awareness of oral health, environmental concerns, and the shift towards biocompatible materials have shaped the market landscape. Market consolidation and strategic collaborations among industry players have further fuelled growth and competitiveness. Overall, the dental biomaterial market is dynamic and continuously evolving to meet the changing needs of patients and dental professionals. Demographically, North America and Asia Pacific are both generating notable revenues but the former is still on the lead.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 8.26 Billion |
Market size value in 2031 | USD 15.56 Billion |
Growth Rate | 7.29% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dental Biomaterials Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dental Biomaterials Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dental Biomaterials Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dental Biomaterials Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2596
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