Global Restorative Dentistry Market is projected to reach USD 21.27 billion by 2022

The restorative dentistry market is projected to grow at a CAGR of 6.4%

The global restorative dentistry market is projected to reach USD 21.27 billion by 2022 from USD 15.60 billion in 2017, at a CAGR of 6.4% during the forecast period. Increase in the prevalence of dental diseases (dental caries and edentulism), rising demand for advanced cosmetic dental procedures, growing dental tourism, and increasing dental expenditure are the major factors driving the demand for restorative dentistry. However, limited reimbursement for dental care may hinder the growth of this market to a certain extent. Furthermore, pricing pressure faced by prominent market players presents a major challenge for the growth of the global restorative dentistry market.

The ceramic segment is expected to grow at the fastest rate during the forecast period

By indirect restorative materials, the global restorative dentistry market is segmented into metal ceramic, ceramic, and other indirect restorative materials. The ceramic segment is expected to register the highest CAGR during the forecast period owing to its greater adoption, high durability, strength, and long-lasting aesthetics of CAD/CAM ceramics.

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The CAD/CAM systems segment dominated the restorative dentistry market in 2016

On the basis of equipment, the restorative dentistry market is segmented into CAD/CAM systems, handpieces, rotary instruments, light curing equipment, casting devices, mixing devices, furnaces, and articulating equipment. In 2016, the CAD/CAM systems segment accounted for the major share of the global restorative dentistry market. This is primarily due to the increasing use of digital manufacturing processes in dentistry and growing demand for fabricating or customizing restoration models.

Hospitals & clinics to dominate the market during the forecast period

On the basis of end user, the restorative dentistry market is segmented into hospitals & clinics, dental schools & research institutes, and dental laboratories. The hospitals & clinics segment accounted for the major share of the global restorative dentistry market and is expected to register the highest CAGR during the forecast period.

APAC to witness the highest growth during the forecast period

Geographically, the global restorative dentistry market is broadly segmented into five major geographies, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa. In 2016, Europe commanded a major share of the global restorative dentistry market. However, Asia Pacific is expected to witness the highest growth during the forecast period. Growth in this market is driven by a number of factors, such as rising geriatric population, growing dental tourism in major Asian markets, increasing focus of prominent players on emerging Asian countries, increasing healthcare expenditure (coupled with the rising disposable income), rising awareness on oral healthcare, and increasing willingness of people to spend more on dental care to maintain dental aesthetics.

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