Research Nester published a report titled “North America and Europe Dental Composites Market: Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the North America and Europe dental composites market in terms of market segmentation by physical state, material type, composite type, filling type, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The dental composites market in North America is anticipated to grow with a CAGR of 5.67% during the forecast period, i.e., 2020-2028, while that in Europe is projected to grow with a CAGR of 5.10% during the forecast period. The market is segmented on the basis of end-user into dental hospitals, dental colleges, and dental clinics. The market is further segmented by composite type into hybrid resin composite, nano-filled resin composite, nano-hybrid resin composite, macro-filled resin composite, micro-filled resin composite, and others, out of which, in North America, the nano-hybrid resin composite segment w.r.t dental hospitals segment is anticipated to attain the largest revenue of USD 30.58 Million by the end of 2028, up from USD 24.30 Million in 2019.
The dental composites market in North America is estimated to garner a revenue of USD 293.21 Million by the end of 2028, up from a revenue of USD 224.0 Million in the year 2019. While in Europe, the market is projected to touch a revenue of USD 380.43 Million by the end of 2028, up from USD 304.0 Million in the year 2019. One of the major factors anticipated to drive the growth of the market in these regions is the increasing prevalence of oral disorders. Besides this the growing healthcare expenditure is also anticipated to contribute to the market growth.
The North America dental composites market is segmented into the United States and Canada, while the market in Europe is segmented into Germany, United Kingdom, France, Spain, Italy, Russia, Netherlands, and the Rest of Europe. Amongst the countries in North America, the market in the United States is expected to garner the highest market share during the forecast period, whereas, amongst the countries in Europe, the market in Germany is projected to hold the second-highest market share during the forecast period, and further attain a revenue of USD 75.31 Million by the end of 2029, up from USD 57.76 Million in 2019.
Growing Healthcare Expenditure to Promote the Market Growth
The World Bank, in one of its statistics, stated that the current health expenditure as a share of GDP in North America and the European Union, touched 16.415% and 9.854% in the year 2018, up from 15.683% and 9.824% in the year 2011.
Backed by the growing expenditure on healthcare, the research and advancements in the field of oral health is surging at a significant pace. Moreover, there is an increasing concern for the rising prevalence of oral disorders, which is also anticipated to drive the need for dental visits, and in turn the demand for dental composites. These composites are preferred by dentists as these composites possess numerous benefits. Such factors are anticipated to drive the growth of the North America and Europe dental composites market.
However, the availability of low-cost alternatives is expected to operate as key restraint to the growth of North America and Europe dental composites market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the North America and Europe dental composites market which includes company profiling of BISCO, Inc., SHOFU INC., Centrix, Inc., Septodont Holding, COLTENE Group, SDI Limited, Cosmedent, Inc., Pentron (Kerr Corporation), Zest Dental Solutions, Kulzer GmbH, Den-Mat Holdings, LLC, Kerr Corporation, Dentsply Sirona, Ivoclar Vivadent Inc., VOCO GmbH, Henry Schein, Inc., 3M Company, GC America Inc., Ultradent Products Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the North America and Europe dental composites market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.