Global Dental Restorative Supplies Market: Future Forecast Indicates Impressive Growth Rate Till 2028

Posted on 2019-03-14 by Mark Hub in Healthcare // 0 Comments

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The report on “Dental Restorative Supplies Market Forecast, Trend Analysis and Competition Tracking– Global Review 2018-2028” is an extensive compilation of several insights and acumen that key stakeholders can use in their business setting. The research report on dental restorative supplies market is a wealth of information featuring 16 detailed chapters along with figures and tables. Key market metrics such as market attractiveness index, supply and value chain analysis and year-on-year growth have also been covered in the report giving an exquisite completeness to the reader. Moreover, the report is systematically structured for the convenience of the reader. The report on dental restorative supplies market includes valuation of various product types in US$ Mn (million) along with global value CAGR in percentage.

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Increasing Dental Procedures Augmenting Sales of Dental Restorative Supplies

Increasing number of dental procedures on the back of growing consumption of junk food, tobacco intake and dental trauma have fuelled the demand for dental restorative supplies. Moreover, increasing rate of dental carries are expected to drive the sales of dental restorative supplies worldwide, in turn supporting the growth of their market. According to World Health Organization (WHO), around 60 percent to 90 percent of children and more than 90 percent adults develop dental problems such as cavities every year. In addition, rising occurrences of gum diseases and their treatment are expected to pave potential avenues for manufacturers of dental restorative supplies. World Health Organization reveals that severe periodontal (gum) diseases occur in about 15 percent to 20 percent adults per year. Other dental problems such as misusing teeth that occur in around 30 percent of individuals in the age group of 65-74 years along with prevalence of dental trauma (around 16-40 percent children in the age group of 6-12 years are affected by trauma, WHO estimates) have increased the number of dental procedures worldwide, consequently pushing the growth in adoption of dental restorative supplies.

Rising Dental Disorder Awareness and Growing Root Canal Treatment Fuelling Adoption

Rising dental disorders on the global front have triggered a sense of awareness among individuals driving the need for restorative dentistry. Increasing awareness quotient has largely supported the growth of the restorative dentistry space by favoring procedures such as dental implants, filling and crown implants. Rising root canal treatments are also expected to push the use of dental restorative supplies in turn driving their market’s growth. For instance, according to the American Association of Endodontists, around 15 million root canal treatments are performed every year in the United States alone.

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Use of Advanced Materials to Enhance Customer Satisfaction – Key Element Supporting Growth

Increasing occurrence of dental disorders such as dental carries or cavities coupled with rising dental procedures have pushed manufacturers of dental restorative supplies to develop products using advanced material. With technological advancements in the dental care sector, development and use of advanced material such as ceramic implants and glass ionomers has replaced metal amalgams. Moreover, with increasing awareness regarding toxic generated with the use of mercury amalgams is expected to confine their use in restorative dentistry. Against this backdrop, manufacturers of dental restorative supplies have introduced advanced material using biomaterials and bioengineering technique that is relatively less expensive and more effective than conventional manufacturing methods. In addition, use of technologies such as CAD/CAM have further optimized the bioengineering process. This has translated into better customer satisfaction as customers opt for carrying out tooth profile customization using advanced material. This aspect is expected to remain a key determinant pushing the growth of the dental restorative supplies market in the coming years.

Unswerving Connection between Macroeconomics and Sales of Dental Restorative Supplies

Sales of dental restorative supplies are significantly influenced by several macroeconomic factors including but not limited to increasing healthcare spending, rising edentulous population and economic burden of oral diseases. According to the International Monetary Fund (IMF) healthcare industry accounts for about 10 percent of the world’s GDP. IMF estimates that the spending on healthcare procedures is projected to rise by 6 percent every year. Likewise, expanding edentulous population is fuelling the need for dental fixtures, in turn presenting prospective growth for the dental restorative supplies market. According to Deutsche Mundgesundheitsstudie, around 32 percent of the global population aged 65 and above is edentulous. More than 90 percent of edentulous individuals opt for unanchored dentures and implant supported overdentures, which is expected to provide a significant momentum to the sales of dental restorative supplies in the coming years.

Competitive Landscape

The dental restorative supplies market highlights a detailed competitive scenario including profiles of major players as well as upcoming market participants. Several aspects such as SWOT analysis, product portfolio assessment, key strategies, key financials such as market shares and annual revenue, innovations and developments have been covered in the competitive landscape section of the report. The section also includes information on strategic alliances and key acquisitions. For instance, in September 2017, dental division of 3M Company acquired Elution Technologies LLC. From a development standpoint, companies are launching new products. For example, KaVo Kerr Corporation launched OptiBond Universal, a new addition to its OptiBond product line in April 2017.

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