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IN THE NEWSApril 01, 2019: 3M Company announced that it had introduced a new universal composite, 3M Filtek Universal Restorative, that comprises of an advanced composite technology that increases a dentist’s efficiency.
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. Further, the market in the region is anticipated to grow with a CAGR of 5.67% during the forecast period, i.e., 2020-2028. On the other hand, the dental composites market in Europe is projected to touch a revenue of USD 380.43 Million by the end of 2028, by growing with a CAGR of 5.10% during the forecast period. Additionally, the market garnered a revenue of USD 304.0 Million in the year 2019. The growth of the market in these regions can primarily be attributed to the growing prevalence of oral disorders. According to the statistics by the Global Health Data Exchange of the Institute for Health Metrics and Evaluation, the prevalence of oral disorders in North America grew from 129424885.73 numbers in 2010 to 155176648.82 numbers in the year 2019, while in Europe, it grew from 412639034.76 numbers to 427081852.28 numbers during the same period.
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Moreover, the increasing need to treat these oral diseases, along with the rising dental visits witnessed across the two regions, and the growing healthcare expenditure are some of the additional factors anticipated to drive the growth of the North America and Europe dental composites market. According to the statistics by the World Bank, the current health expenditure as a share of GDP in North America and the European Union, increased from 15.683% and 9.824% in the year 2011 to 16.415% and 9.854% in the year 2018.
Regionally, the North America dental composites market is segmented into the United States and Canada. Out of the market in these countries, the market in the United States is expected to garner the highest market share during the forecast period. The market in the U.S. is further divided into West U.S., Mid-West U.S., South-West U.S., South-East U.S., and the North-East U.S. Among these, the market in West U.S. is anticipated to garner the highest market share and further attain a revenue of USD 64.24 Million by the end of 2028, up from USD 47.42 Million in 2019.
Further, the Europe dental composites market is segmented by countries into Germany, United Kingdom, France, Spain, Italy, Russia, Netherlands, and the Rest of Europe. Out of these, the market in Germany is projected to hold the second-highest market share during the forecast period. In the year 2019, the market in the country garnered a revenue of USD 57.76 Million and is further expected to touch USD 75.31 Million by the end of 2028. One of the major factors anticipated to drive the growth of the market in the country is the increasing number of dental consultations, backed by the growing awareness for oral health amongst the individuals. According to the statistics by Eurostat, the number of consultations of a dentist in Germany increased from 1.30 number per inhabitant in the year 2005 to 1.50 number per inhabitant in the year 2019.
The North America and Europe dental composites market is segmented on the basis of end-user into dental hospitals, dental colleges, and dental clinics. The market is further segmented by physical state into liquid dental resin composite, and powdered dental resin composite. In North America, the liquid dental resin segment, under physical state segment, with respect to dental clinics segment, is projected to garner the highest market share and also grow with the highest CAGR of 6.19% during the forecast period.
The North America and Europe dental composites market is further segmented by material type into organically modified ceramics, and di-methyl acrylates. In North America, the di-methyl segment, under the material type segment, w.r.t dental colleges segment, is projected to garner the highest market revenue by the end of 2028, and further grow with the highest CAGR of 6.24% during the forecast period. Further, on the basis of composite type, the market is segmented into hybrid resin composite, nano-filled resin composite, nano-hybrid resin composite, macro-filled resin composite, micro-filled resin composite, and others. Out of these, in North America, the nano-hybrid resin composite segment w.r.t dental hospitals segment is anticipated to hold the highest market share during the forecast period, and further attain a revenue of USD 30.58 Million by the end of 2028, up from USD 24.30 Million in 2019. Whereas in Europe, the segment, w.r.t. dental hospitals segment is expected to touch USD 40.78 Million by the end of 2028, up from USD 33.04 Million in 2020.
The North America and Europe dental composites market is also segmented on the basis of filling type into direct and indirect. In Europe, the indirect segment, under filling type segment, w.r.t dental clinics segment, is expected to hold the highest market share and further grow with the highest CAGR of 5.58% during the forecast period. The market is also segmented on the basis of application into fillings, teeth reshaping, crowns, and others. In Europe, the fillings segment, under application segment, w.r.t dental colleges segment, is projected to garner the largest market revenue of USD 39.26 Million by the end of 2028, up from USD 30.02 Million in 2019.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the North America and Europe dental composites market that are included in our report are 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.
FREQUENTLY ASKED QUESTIONS
The growing prevalence of oral disorders is one of the major factors anticipated to drive the growth of the market.
The dental composites market in North America is anticipated to attain a CAGR of 5.67% over the forecast period, i.e., 2020-2028, while in Europe, the market is projected to grow with a CAGR of 5.10% during the forecast period.
The availability of low-cost alternatives is one of the major factors estimated to hamper the market growth.
The major players in the market are BISCO, Inc., SHOFU INC., Centrix, Inc., Septodont Holding, COLTENE Group, SDI Limited, Cosmedent, Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by physical state, material type, composite type, filling type, application, end-user, and by region.
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