June 22, 2024
Restorative Dentistry Market

Restorative Dentistry Market Trends By Increasing Demand for Dental Care

The restorative dentistry market involves products that restore broken or missing teeth such as bridges, crowns, veneers, dentures, and dental implants. These products restore dental functions and aesthetics by supporting dental structures. Rising prevalence of dental caries and other periodontal diseases has increased the need for such restorative procedures.

The Global Restorative Dentistry Market is estimated to be valued at US$ 26.17 Bn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 to 2031.

Key Takeaways

Key players: Key players operating in the restorative dentistry market are Alpek S.A.B de C.V., RTP Company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG.

Growing demand: Rapid urbanization and changing lifestyles have increased the consumption of sugar and processed foods leading to higher prevalence of dental issues. This has augmented the demand for restorative dentistry procedures and products.

Global expansion: Leading players are expanding their geographical footprint by establishing manufacturing and distribution facilities across high potential emerging markets to better serve their growing dental needs.

Market key trends

One of the key trends in the Restorative Dentistry Market Demand is the rising demand for dental cosmetic procedures. With increasing awareness about dental aesthetics, there is a growing demand for smile makeovers using products like dental veneers, dental crowns, and dental bridges. Advancements in materials and technologies have made such procedures very predictable and less technique sensitive. This has boosted their acceptance globally.

Porter’s Analysis

Threat of new entrants: Low requirements and costs for dentists to enter the market means occasional new competitors. However, established brands and dentist relationships make significant market share difficult for new entrants to achieve.

Bargaining power of buyers: Individual consumers have low bargaining power as restorative dental procedures are often covered partially by insurance. However, large insurance groups can negotiate discounts and influence treatment choices.

Bargaining power of suppliers: A few large dental material suppliers dominate the market, giving them significant power over prices and product choices available to dentists. High research costs are also a barrier to new materials entering the market.

Threat of new substitutes: Alternative restorative materials could replace traditional amalgam or composite fillings. However, regulations and dentist training requirements limit adoption of new substitutes in the short-term.

Competitive rivalry: Major brands compete intensely on product quality, new technologies and marketing to dentists. This drives continuous new product development and keeps prices low, benefiting consumers.

Geographical Regions

North America currently accounts for the largest value share of over 35% of the global restorative dentistry market. This is due to well-established dental insurance systems and a focus on preventative dental care in countries like the United States.

The Asia Pacific region is projected to be the fastest growing geographical segment between 2024-2031. This is because of rising disposable incomes, growing dental tourism from countries like India and China, and increasing awareness of restorative procedures in major Asian markets.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it