March 1, 2024
Restorative Dentistry Market

Restorative Dentistry Market Propelled by Rising Geriatric Population Levels

Restorative dentistry includes procedures and treatments that restore teeth and gums damaged by dental caries, trauma, or periodontal disease. The integration of advanced materials and new techniques enable dentists to restore teeth appearance and function better. There is an increasing demand for restorative dental procedures to repair cavities, replace damaged fillings and crowns.

The global Restorative Dentistry Market is estimated to be valued at US$ 22.71 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising geriatric population levels around the world experiencing increased dental issues like tooth loss, cavities and gum diseases is propelling the restorative dentistry market. As per estimates, one in every six people will be aged over 65 by 2050. The increased percentage of aging population will fuel the demand for dental repair procedures like dental implants, bridges, crowns and dentures to restore oral health and comfort in daily life activities. Better precision and minimal invasiveness achieved through advanced technologies will encourage more geriatric patients to opt for restorative dental treatments.

SWOT Analysis

Strength: Restorative Dentistry has a number of advantages for maintaining oral health such as cavity repair, reconstruction of missing teeth, and treatment of dental disorders. It provides affordable and effective solutions for restoring dental function and aesthetics.

Weakness: Some restorative procedures require multiple visits which can be inconvenient for patients. Additionally, certain materials used like mercury amalgam fillings have toxicity concerns.

Opportunity: Growing geriatric population susceptible to tooth loss and oral diseases presents a major opportunity. Emerging technologies for minimally invasive treatments and biomaterials also expand the scope of restorative dentistry.

Threats: Alternative treatments like dental implants and cosmetic dentistry are gaining popularity which could affect demand. Lack of dental insurance coverage in some countries poses pricing challenges.

Key Takeaways

The Global Restorative Dentistry Market Size is expected to witness high growth. The market size is forecast to reach US$ 22.71 Billion by 2024, expanding at a CAGR of 6.7% during the forecast period from 2023 to 2030.

Regional analysis:
North America currently dominates the market supported by high dental expenditure and product availability. However, Asia Pacific is emerging as the fastest growing region due to increasing healthcare spending, rising awareness, and presence of leading manufacturers in countries like China, India, and Japan.

Key players operating in the restorative dentistry market are Alpek S.A.B de C.V., RTP Company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG. These major manufacturers are focusing on new product launches and facility expansion to strengthen their market position.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it