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Global dental restorative supplies market: $740 million industry by 2018
Dental Restorative Supplies: A Global Strategic Business Report - a new market research report on 2014-03-14 13:11:01
The global Dental Restorative Supplies market is projected to reach US$743 million by 2018, driven by rising prevalence of dental caries, emphasis on preventive dental care, and growing focus on appearance maintenance and enhancement.
Dental caries or tooth cavities is one of the major issues facing public healthcare systems in countries across the world. A significant proportion of the world´s adult population and around 60-80% of children in the school-going age group suffer from dental caries. Key reasons cited for the global increase in dental caries include rise in the consumption of carbohydrate rich diets, sugary drinks and foods, and improper brushing, among others. Against this backdrop, the growing need for restorative dental care is driving growth in the dental restorative supplies market.
The market is broadly impacted by the economic climate, changing dental insurance and reimbursement policies. Sales of restorative supplies declined during the 2007-2009 recession period largely as a result of the decline in patient traffic and the subsequent fall in demand for supplies from dental labs. Adverse economic conditions also led patients to lay emphasis on cost effective yet high-quality restorations. In the coming years, rising number of edentulous people and increasing burden of dental caries are expected to stimulate demand for dental restorative materials.
The United States represents the largest market worldwide. An aging baby boomer generation with increasing need for restorative procedures is a major growth driver in the country. Asia-Pacific represents the fastest growing regional market led by increasing burden of dental caries owing to rising affluence and changing dietary habits. Though amalgam is widely used restorative material in Asia-Pacific, demand for composites has been gaining momentum in recent times. The region holds an edge due to local production of glass ionomers and composites, which ensures the materials´ availability at lower prices. Asia-Pacific is forecast to grow at a CAGR of 6.6% over the analysis period. Global Industry Analysts ©
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