Dental Materials Market
Number of pages: 100 | Report Format: PDF | Published date: January 17, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market Size Value in 2021 |
US$ 6.20 billion |
|
Revenue forecast in 2030 |
US$ 9.70 billion |
|
CAGR |
5.1% |
|
Base Year for Estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Material types, Applications, End Users, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global dental materials market was valued at US$ 6.20 billion in 2021 and is expected to register a revenue CAGR of 5.1% to reach US$ 9.70 billion by 2030.
Dental Materials Market Fundamentals
Dental materials are the products used in the manufacturing of dental implants, prostheses, and different items used in orthodontics.
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Dental Materials Market Dynamics
The overall dental materials market forecast is expected to remain steady, with advanced biomaterials experiencing high demand due to their improved bioavailability. Additionally, increasing uptake of orthodontics owing to misalignment and malocclusions, growing geriatric population, and lifestyle-associated factors contributing to prevalence of dental decay and caries are facilitating the revenue growth in the global dental materials market.
The global dental materials market revenue growth can be attributed to various factors, such as increasing prevalence of oral health issues (such as dental decay, caries, and misalignment), rising elderly population.
Growing investments/fundings in R&D activities contribute to the market revenue growth. Additionally, increasing healthcare expenditure and growing disposable income further fuel the dental materials market revenue growth. Increase in geriatric and edentulous population, growth in dental tourism to gain access to advanced dental solutions, improvement in disposable incomes of people from developing countries, rise in number of dental clinics offering advanced dental treatments, and growth in adoption of cosmetic dentistry are propelling the revenue growth in the global dental materials market.
In recent years, the popularity of tooth-colored restorations and minimally invasive treatments has skyrocketed. Such trends are expected to fuel demand for innovative and technologically advanced dental materials in the next few years.
Dental Materials Market Ecosystem
The global dental materials market is analyzed based on four parameters: material type, application, end user, and region.
Dental Materials Market by Material Type
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Based on the material type, the global dental materials market is segmented into ceramic, polymer, metallic, natural, and others.
The metallic segment accounts for the largest revenue share of the global dental materials market. Metallic materials are widely used as an external or internal structural component in prosthetic restorations. These materials have a wide indication field due to their efficient mechanism. Also, metallic materials provide various benefits, such as sustainability, elasticity, and hardness. Furthermore, these materials are biocompatible, resistant to corrosion and temperature, and show high dynamic strength and toughness. Thus, rise in the popularity of these materials is fueling revenue growth in the segment of the dental materials market.
Dental Materials Market by Application
Based on the application, the global dental materials market is segmented into prosthetics, implants, and orthodontics.
The prosthetics segment accounts for the largest revenue share of the market. This can be attributed to rising prevalence of periodontal diseases, increasing aged population, and rising cases of tooth decay/caries and tooth loss.
The orthodontics segment, on the other hand, accounts for the second-largest revenue share of the market. Rise in the prevalence of misalignment and malocclusions is fueling revenue growth in the segment.
Dental Materials Market by End User
Based on the end user, the market is segmented based into hospitals, dental clinics, dental laboratories, dental institutes, and academia.
The dental clinics segment dominates the global market, as this segment specializes in dentistry and provides improved healthcare services. Furthermore, major patient population is inclining toward dental clinics owing to advantages, such as timely dental problems detection, expert medical professionals’ advice, improved patient outcomes, and quick recovery. This factor is projected to drive revenue growth in the segment during the forecast period.
The hospital segment accounts for a prominent revenue share of the global dental materials market. This is attributed to growing patient footfall in hospitals as a primary preference.
Dental Materials Market by Region
Based on the region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
North America dominates the global dental materials market with the largest revenue share. The dominance of this region can be attributed to high dental disease prevalence, advanced healthcare infrastructure, and rapid adoption of new technologies/treatment solutions. Moreover, growing government funding/investments for R&D activities accelerates market expansion in this region.
Asia Pacific is the fastest-growing region in the dental materials market. This can be attributed to improving healthcare infrastructure and rising adoption of advanced technologies/solutions in the regional healthcare industry.
Dental Materials Market Competitive Landscape
The prominent players operating in the global dental materials market are:
The global dental materials market was valued at US$ 6.20 billion in 2021.
High prevalence of dental disorders, rise in the elderly population, and growth in awareness regarding dental implants, prosthetics, and orthodontics are driving the revenue growth of the global dental materials market.
Asia Pacific dental materials market is estimated to register the fastest revenue growth during the forecast period from 2022 to 2030.
Stringent regulatory mechanisms and rise in costs of dental materials are expected to restrain the revenue growth of the global dental materials market.
*Insights on financial performance are subject to the availability of information in the public domain