by The dental caries treatment market is estimated to be valued at US$ 6,302.2 Mn in 2022 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental caries, commonly known as tooth decay or cavities, is one of the most common oral diseases worldwide. It is caused by specific types of bacteria that produce acids as they consume sugars on teeth. If left untreated, it can damage the hard outer layers of teeth over time. Some key products used for dental caries treatment include restorative dental materials, implants, prophylaxis pastes, and mouthwashes. The restorative dental materials segment accounted for the largest share of the market in 2022.
Market Dynamics:
One of the key drivers for the market growth is the rapidly rising geriatric population worldwide. As per the World Health Organization (WHO), the global population aged over 60 years will double from 12% to 22% between 2015 and 2050. Older adults are at a higher risk of dental caries due to multiple factors like dry mouth caused by many medications and reduced saliva flow. Furthermore, dental tourism has also emerged as a major growth opportunity for the dental caries treatment market. Low-cost dental treatment options in emerging countries are attracting patients from developed nations for medical tourism. This helps reduce healthcare costs significantly. Countries like India, Hungary, Mexico, Costa Rica, and Thailand are gaining popularity as dental tourism hubs. The availability of advanced technology and skilled dentists also serves to attract more overseas patients.
Segment Analysis
The global dental caries treatment market is segmented based on treatment type, end-user and region. Based on treatment type, the market is segmented into restorative dental care and preventive dental care. The preventive dental care segment is dominating the market currently owing to the increasing adoption of preventative measures such as fluoride therapy, dental sealants, and x-ray for early detection of cavities.
PEST Analysis
Political: Governments across the globe are increasing healthcare budgets for better dental facilities which is positively impacting the market growth.
Economic: The rising disposable income of people has increased their spending on dental care. Additionally, dental tourism is flourishing in developing nations owing to low treatment costs.
Social: People are becoming more conscious about oral health and regular dental checkups. This has increased demand for advanced dental treatment options.
Technological: innovations in areas such as lasers, 3D printing, CAD/CAM technologies, digital x-rays, and minimally invasive procedures are propelling the market growth.
Key Takeaways
The Global Dental Caries Treatment Market Size was valued at US$ 6,302.2 Mn in 2022 and is expected to reach US$ 8,969.1 Mn by 2030, expanding at a CAGR of 4.8% over the forecast period. The rising prevalence of dental caries and increasing importance given to oral healthcare are fueling the market growth.
Regionally, North America dominated the global market in 2022 led by the US owing to well-established healthcare infrastructure, availability of advanced technologies, and high dental expenditure. Moreover, growing concerns regarding oral health among people are positively impacting the regional market.
Key players operating in the dental caries treatment market include Morita Corporation, Alpha Dent Implants Ltd., Shofu Dental Corporation, Coltene Group, 3M Company, Institut Straumann AG, Zimmer Biomet, Dentsply Sirona Inc., DiaDent Group International, and Essential Dental Systems Inc., among others. Key players are focusing on new product launches and geographic expansion to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
