Dental Biomaterials Market: Analysis Of Rising Business Opportunities With Prominent Investment Ratio By 2023
Research Reports
Jan 20, 2021
Dental Biomaterials Market Dynamics
Market Research Future (MRFR) says that the global dental biomaterials market could achieve a CAGR of 6.2% during the forecast period (2018-2023).
Dental Biomaterials Market Growth Boosters and Top Challenges
The World Health Organization (WHO) says that oral diseases as one of the most expensive diseases prevalent, not only in developing countries but also in the developed ones. The OECD 2013 analysis concludes that the treatment of oral diseases such as dental biomaterials accounted for 5% of the total health expenditure in economically stable countries. Dental biomaterials are advanced products within preventive and restorative dentistry that have a high success rate in oral treatment as well as prevention. This favorable aspect of these products is bound to create demand for the global dental biomaterials market in the subsequent years.
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The quickly increasing number of qualified dental professionals could elevate access to dental care. Recent statistics released by the Brazilian Institute of Geography and Statistics (IBGE) states that the country has about 174,000 dentists, which translates to 11% of the total number in the world. Following the implementation of the Oral Health National Policy in Brazil since 2004, there has been a rise in population that is more aware of oral health. The policy has also given way to rise in expenditure for dental care in the country. Hence, expansion of the edentulous populace could have a tremendous effect on the global dental biomaterials market in the near future.
Another beneficial factor for market growth is the rise in marketing strategies by players, including acquisitions that help them expand their product and service platform. With the acquisition of significant regional players by international companies, the dental industry has become more consolidated. Citing a reference, Straumann Holding AG, since 2014, has made three acquisitions in Brazil and Asia. In 2015, the company took possession of Neodent S.A., a prominent company in Brazil. The same year, Dentsply merged with Sirona Dental Systems, which turned out to be one of the biggest merger activities within the dental industry. The merger helped combined dental and consumable technology businesses of both the companies.
Dental Biomaterials Market Segmentation
The global dental biomaterials market has been segmented on the basis of type, application, and end-user.
Type-based segments covered by the report are ceramic biomaterials, metallic biomaterials, metal-ceramic biomaterials, polymeric biomaterials, and natural biomaterials. The metallic biomaterials segment has been split into stainless steel, chromium alloys and titanium, and others.
Applications of dental biomaterials are prosthodontics, implantology, orthodontics, and others.
The end-user segment consists of dental laboratories, dental product manufacturers, dental academies, research institutes, and dental hospitals and clinics.
Dental Biomaterials Market Regional Outlook
Asia Pacific, Middle East & Africa, the Americas and Europe are the main markets for dental biomaterials.
The Americas controls the major portion of the global dental biomaterials market. The growing prevalence of caries, combined with the presence of renowned players in the region leaves a positive impact on the market. On top of that, high dental expenditure boosts the regional market. An article by the American College of Prosthodontists divulged that roughly over 36 million Americans are missing teeth and around 120 million are missing at least one tooth. These conditions in the region help raising the demand for prosthodontics and implants, which elevates the market position.
Europe is the second-most profitable market for dental biomaterials market. Europe market is divided into Eastern Europe and Western Europe. Western Europe, with a bigger share of the market, benefits from the presence of highly developed countries and a rising number of dental procedures. Other than this, massive government funding in the field helps with market growth. In 2018, Oral Health Foundation had reported that nearly 60% of adults in Northern Ireland and 61% of adults in England visited NHS dentists on a regular basis. These numbers clearly indicate the positive market scope for the future.
With the fastest growth rate in the worldwide market, Asia Pacific gains from the rapidly expanding dental industry as well as the mounting awareness for oral health. Also, the presence of developing countries such as India, Japan, and China that boasts of steadily improving dental industries pushes market growth. The Indian Dental Association is of the view that the dental market in the country was worth USD 232 million in 2018, accounting for the share of 9.9% and 50% for dental implants and dental consumables, respectively.
Given the weak economy, low awareness levels, and inadequate healthcare expenditure, Middle East and Africa holds the smallest share in the global dental biomaterials market.
Dental Biomaterials Market Prominent Companies
Dentsply Sirona, Inc., Geistlich Pharma AG, Zimmer Biomet Holdings, Inc, 3M Company, Straumann Holding AG, Carpenter Technology Corporation, Kuraray Co., Ltd, Medtronic PLC, Henry Schein, Inc., GC Corporation, Royal DSM, Ivoclar Vivadent AG, Danaher Corporation, Cam Bioceramics B.V., Datum Dental Ltd, Bego Medical GmbH, Keystone Dental, Inc., Mitsui Chemicals, Inc., Victrex PLC, are some of the key companies shaping the worldwide dental biomaterials market.
Dental Biomaterials Industry News
July 2019: A team of bioscientists from Rice University’s Biomaterials Lab have developed a novel method to 3D-print artificial human tissues that could help heal bone as well as cartilage injuries. The team had collaborated with a team of researchers from the University of Maryland to carry out the process of mimicking the tissue, which turns into bone from cartilage.
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