RestorativeMaterials Market: Introduction
In terms ofvalue, the global & Asia Pacific restorative materials market isanticipated to expand at a CAGR of 7.5% from 2020to 2030. Rise in demand for dental treatment is boosting the dental consumablessegment. Dental consumables include dental restoratives, orthodontics,endodontics, and infection control products. The expansion of the dentalconsumables segment is driving the global restorativematerials market. The restorative materials market is alsoexpanding due to the rise in aging population, growth in number of dentalclinics, increase in demand for cosmetic dentistry, and advancements in dentaltreatments.
Theincrease in dental tourism across the globe is driving the demand fordental materials. Asia Pacific is emerging as a global leader in dentaltourism. Countries in the region such as India, Thailand, Vietnam, Singapore,Taiwan, and South Korea are emerging as preferred destinations for dentaltourism. Vietnam witnessed a threefold increase (5 million to 15 million)in the number of foreign tourists during 2010 to 2018.
Rise in Regulations on Usage ofAmalgam and Lack of Dental Insurance to Hamper Restorative Materials Market
Concernsover mercury pollution due to the usage of amalgam are adversely affecting thedemand for dental amalgam. Several countries in North America and Europe havebanned the usage of dental amalgam in children under 15years and pregnant women. Furthermore, the preference foresthetic restorative materials has hampered the demand for amalgam. The ban onamalgam has affected the overall expenditure on dental treatment in developingeconomies due to the rise in costs of restorative materials. The ban on amalgamis estimated to lead to an increase in the average price of restorationmaterials, as amalgam is one of the low-priced materials available for dentalrestoration. The dental market in developing countries is price sensitive.People cannot afford expensive treatments. They prefer inexpensive materials. Thisis hampering the global restorative materials market.
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Indiato be Lucrative Country of Restorative Materials Market
Based oncountry, the global & Asia Pacific restorative materials market has beensplit into China, Japan, India, Vietnam, Thailand, Rest of ASEAN, and Rest ofAsia Pacific. The restorative materials market in India is projected to expandat a rapid CAGR of 8.5% duringthe forecast period. China accounted for major share of the market in AsiaPacific in 2019. In terms of demand, the restorative materials market inThailand is estimated to expand at a significant pace during the forecastperiod. Low treatment cost and rise in medical tourism in countries such asIndia, China, Thailand, and Taiwan are some of the factors likely to drive therestorative materials market in these countries during the forecast period.
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Competition Landscape ofRestorative Materials Market
In March2019, Dentsply launched restoration material called ‘Surefil one.’ It is aninnovative filling for posterior teeth. Surefil one is a self-adhesiverestoration material, which combines the stability of a conventional compositeand simplicity of a glass ionomer. In May 2017, Shofu Dental launchedBeautifil II LS (Low Shrink), a hybrid composite formulated to minimize polymerizationshrinkage and shrinkage stress. Beautifil II LS offers clinicians predictableand functional esthetics with greater strength and higher resistance.
Leadingplayers have taken initiatives to expand their presence through acquisitions,increase of production capacities, and strategic partnerships. Keymanufacturers operating in the global & Asia Pacific restorative materialsmarket are 3MCompany, Dentsply Sirona, COLTENE Group, Ivoclar Vivadent AG, Voco GmbH, KulzerGmbH, GC Corporation, Ultradent Products Inc., Septodont HealthcareIndia Pvt. Ltd., Medicinos linija, UAB, Prime Dental Products Pvt Ltd,IDENTA Dental Material GmbH, KaVo Kerr, and Shofu Dental ManufacturingCo., Ltd.
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