USD 4.28 billion
Report ID:
SQSG35A2097 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
92
|Figures:
76
Dental Materials Market size was valued at USD 4.28 billion in 2019 and is poised to grow from USD 4.54 billion in 2023 to USD 6.7 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).
Increasing desire for painless and minimally invasive dental operations, the creation of innovative dental materials, the development of customised dental treatments, and increases in operational efficiency are some of the major drivers of the market's expansion in recent years.
Employing CAM/CAD technology in regular dentistry and the evolution of subsequent materials has evolved for fabricating an all-ceramic restoration.
A major advantage of using CAD/CAM technology in dentistry is the acquisition of data which aids in saving information on restorations, and impressions that can be saved on a computing device, thereby helping in evaluating the data in the future. Such advantages have boosted the market growth.
Moreover, rising edentulous in young and old age population with increased dental tourism, especially from developed nations is boosting the demand in the global market.
As these procedures are expensive in countries like the United States and there are no suitable compensation plans available for covering these procedures, the dental material market is expected to flourish in developing countries as well.
The continuous progress in the material delivery systems is a current dental materials market trend. These systems are made to reduce the wastage of material and also reduce the need for purchasing additional material.
With the introduction of technologies like unit dose dispensers has substantially reduced the amount of material wasted for each dental process. The WHO has partnered with multiple national and local dental associations to strategize the promotion of oral health in Europe.
Various measures have been undertaken in recent years to inform people of the advantages of dental care with the hope to reduce the number of cavity patients in Europe.
Increased awareness amongst the public has resulted in the rise of preventive dentistry which reduced the necessity of restorative products to a greater extent.
US Dental Materials Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.28 billion
Largest Segment
Metal
Fastest Growth
Ceramics
Growth Rate
6.1% CAGR
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Global Dental Materials Market is segmented on the basis of product type, application, end use, and region. By Product, the market is sub-segmented into Metal, Ceramics, polymers, natural, and Others. By End user, the market is categorized into Dental Laboratories, dental product manufacturers, Dental Clinics, Dental Hospitals, and others. By application, the market is segmented into implants, prosthetics, and orthodontics. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Dental Materials Market Analysis by Product Type
By product type, the metallic segment has held the largest share of the product segment in the past and is likely to lead the global market. The demand is attributed to its greater adoption over other materials for implants and prosthetic restorations.
Dental Materials Market Analysis by End User
The dental implants and prosthetic manufacturers are expected to have a dominant share of the market during the forecast period. The dominance is attributable to the availability of various techniques of manufacturing materials for various implants, prosthetics, and orthodontics. Dental laboratories work in tandem with licensed dentists to manufacture dental materials with the latest technologies for various prostheses and restorations.
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North America is estimated to account for the largest share of the overall market. The dominance of this region is attributable to the rising prevalence of dental disorders in countries like the U.S., and massive government funding in research and development activities.
It has been estimated by the Centre for Disease Control and Prevention that almost 70.1% of adults aged 65 years and above has periodontal disease in U.S., thus boosting demand for dental materials in this region.
The market in Europe is estimated to hold second position in global market owing to the rising awareness among the people regarding the dental disorders.
Dental materials market in Asia Pacific is expected to exhibit faster growth rate owing to the increasing per capita healthcare spending and growing prevalence of dental caries and malocclusions.
In addition to this, market players in this region are putting efforts and higher investments, which in turn, will surge the demand for dental materials.
Latin America &the Middle East & Africa accounted for a comparatively lower share of the market owing to the presence of a huge underpenetrated market.
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Dental Materials Market Drivers
Increasing Awareness and Importance of Dental Hygiene to Drive Dental Material Market Growth
Dental Materials Market Restraints
High Price Associated with Dental Treatment and Restricted Reimbursement to Hinder Global Dental Materials Market
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The Global Dental materials Market is highly fragmented with the presence of several small and large market players operating all over the world. Major companies of the market are implementing on several business strategies such as new product launches, acquisition & mergers, collaboration, and partnerships for the expansion of their geographical presence and their product portfolio.
Dental Materials Market Top Players Company Profiles
Dental Materials Market Recent Developments
Global Dental Materials Market will Witness High Demand for Veneers in Coming Years
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global dental materials market analysis, favourable government policies and initiatives attract several industry stakeholders to these markets. Reducing customs duty for dental products from 16 to 8% in India has opened avenues for international players. Furthermore, in China, the government’s deregulation, and relaxation of norms for setting up private healthcare facilities have boosted the number of privately owned dental clinics. The introduction of advanced restoration products and digital systems and training workshops for dental practitioners and dental laboratory professionals to ensure efficient use of the advanced equipment and restoration products are expected to offer significant growth opportunities for the market in these countries.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 4.28 billion |
Market size value in 2031 | USD 6.7 billion |
Growth Rate | 6.1% |
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 Materials 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 Materials 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 Materials Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dental Materials 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: SQSG35A2097
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