The
restorative dentistry market was USD 15,789.2 million in 2022, and it will touch
USD 25,608.0 million, advancing at a 6.2% CAGR, by 2030.
The growth of the industry is primarily ascribed to the surging count of dental implant and tooth repair procedures, rising incidence of numerous dental problems, mounting healthcare expenses, and increasing requirement for advanced cosmetic dental surgeries.
Moreover, the growing consciousness regarding restorative dentistry and other dental care procedures, the arrival of technologically advanced solutions, and the growing industry for dental tourism in emerging economies are also boosting the advancement of the industry.
The implants category, based on product, will observe the fastest growth in the years to come. This is because of the increasing problem of dental disorders and the surging number of initiatives by industry players to provide enhanced implantable devices, by expanding their emphasis on R&D.
The prostheses category will advance at approximately 8% CAGR in the years to come. This is because of the rising requirement for dental procedures because of the increasing prevalence of tooth decay, teeth loss, and other conditions of oral health.
Furthermore, the rising rate of product launches and the continuous enhancements in the available devices by the key industry players will further drive the progression of this category.
In 2022, the implantology category, based on application, accounted for the largest restorative dentistry market share, of approximately 50%, and it will advance as the fastest rate in the years to come. This is because of the surging requirement for dental implants in developed nations.
In 2022, the hospitals & clinics category, based on end user, accounted for the largest share of the industry. This is because of the surging number of hospitals and dental clinics all over the world, the rising dental tourism sector in developing nations, the mounting number of group dental practices in developed nations, and the increasing acceptance of advanced technologies by small and large healthcare facilities.
Furthermore, the category will also observe the fastest growth, with a 7% compound annual growth rate, in the years to come. This is because of the development of the healthcare infrastructure by private and government players.Europe was the largest contributor to the global restorative dentistry industry, with approximately 45% share, in 2022. This is because of the increasing prevalence of dental diseases, the existence of key players, mounting government expenses on dental care, and the surging elderly population in this continent.
APAC will observe the fastest growth in the years to come, owing to a huge base of patients in India and China. Furthermore, initiatives of the government along with the development of the medical industry will further boost the growth of the regional industry.
With the surging requirement for advanced cosmetic dental surgeries and the rising incidence of numerous dental problems, the restorative dentistry industry will continue to advance in the years to come.
SOURCE: P&S Intelligence
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