Global Market Size, Forecast, and Trend Highlights Over 2023-2033
Restorative Materials and Bonding Agents Market size is poised to cross revenue by the end of 2033, growing at a CAGR of 5% during the forecast period, i.e., 2023-2033 Further, the market generated impressive revenue in the year 2022. The growth of the market can primarily be attributed to the growing number of people receiving dental implants across the globe. Based on the statistics provided by the National Library of Medicine (NIH), it was stated that around 100,000 to 300,000 implants are placed annually worldwide.
Global restorative materials and bonding agents market trends such as, increasing cases of tooth caries and growing inclination toward oral care are projected to influence the growth of the market positively over the forecast period. For instance, more than 2 billion people globally have tooth caries in their permanent teeth while around 500 million children suffer from tooth caries in their primary teeth. Dental restorative materials are fabricated materials that are mainly designed for utilization in tooth filling. These materials are also used to check the integrity and morphology of the missing tooth and to restore its functionality.
Restorative Materials and Bonding Agents Sector: Growth Drivers and Challenges
Growth Drivers
-
Rising Awareness of Oral care - As of 2019, the worth of the oral care segment was estimated to be nearly USD 50 billion.
Tooth decay at certain is a very natural phenomenon that requires significant dental care. Almost every individual visits dentist once in their lifetime due to tooth related issues. Hence, the rising awareness of oral care can be observed in the upcoming time which is further expected to hike the market growth over the forecast period.
-
Significant Increment in Dental Practice Activities - The total revenue generated by dental practice activities in 2022 is estimated to drop to around USD 8 billion solely in Germany and is further expected to reach USD 10 billion by the year 2025.
-
Higher Number of Dental Practitioners - For instance, the number of dental practitioners in the United Kingdom was projected to reach about 45 thousand in 2021.
-
Increasing Prevalence of Tooth Filling - In 2018, almost 90% population of England alone received at least one tooth filling while in London, approximately 80% of adults had a tooth filling in the similar year.
Challenges
- Lack of Awareness in the Rural Population of the Developing Countries
- Requirement for Higher Initial Investment
- Lack of Dental Clinics and Skilled Medical Professionals
Restorative Materials and Bonding Agents Market: Key Insights
|
Base Year |
2022 |
|
Forecast Year |
2023-2033 |
|
CAGR |
~5% |
Restorative Materials and Bonding Agents Segmentation
Application (Dental Clinics, Hospitals)
The global restorative materials and bonding agents market is segmented and analyzed for demand and supply by application into dental clinics, hospitals, and others, out of which, the dental clinics segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the rising dental visits of the global population. For instance, around 65% of the U.S. population was observed to visit dentists in 2019.
Major Macro-Economic Indicators Impacting the Market Growth
According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.
Our in-depth analysis of the global market includes the following segments:
|
By Type |
|
|
By Application |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportRestorative Materials and Bonding Agents Industry - Regional Synopsis
Regionally, the global restorative materials and bonding agents market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2033. The growth of the market is ascribed to the spiking number of people receiving dental implants in the region. For instance, the annual rate of people receiving dental implants in the USA is projected to be approximately 2.5 million. Additionally, rising cases of cavities and the presence of major key players are further expected to hike the market growth over the forecast period. As of 2018, more than 90% of the US population is observed to be suffering from tooth cavities.
Companies Dominating the Restorative Materials and Bonding Agents Landscape
-
DENTSPLY SIRONA Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Kerr Corporation
- DENTSPLY SIRONA Inc.
- IDENTA Dental Material GmbH.
- COLTENE Group
- Prime Dental Products Pvt Ltd
- SHOFU INC.
- Angelalign Technology Pte. Ltd.
- VOCO GmbH
- GC Corporation
In the News
-
DENTSPLY SIRONA Inc. to introduce the Implant Curriculum of DS Academy which is an upgraded collection of the dental implant. This dental implant course is developed to promote and enhance clinicians’ digital implant skills based on personal learning preferences.
-
DENTSPLY SIRONA Inc. unveils a new open platform for the entire digital dentistry workflow. The platform is defined as DS Core, a cloud-based service and solution. It facilitates dentists to expand their workflow and find a convenient way to work in labs.
Author Credits: Rajrani Baghel
- Report ID: 4339
- Published Date: Feb 14, 2023
- Report Format: PDF, PPT
