The global restorative dentistry market will reach $25.9 billion by 2025, growing at a compound annual growth rate (CAGR) of 6.7%, according to Grand View Research. The market analyst company attributes this growth to the rising number of group and corporate dental practices, emerging digital dentistry technologies, innovations in materials, the increasing demand for cosmetic dentistry and implants, and the advent of dental tourism.
Buttressed by increased enrollment in dental schools, the number of dental practices will likely increase through 2025 and further drive the market, Grand View Research reports. Meanwhile, the growing number of group, multi-unit, and corporate practices will focus on providing high-efficiency, quality care, additionally bolstering the market. Rising disposable income among patients will turn their attention toward cosmetic procedures as well.
Advances in CAD/CAM systems, intraoral imaging, digital radiography, caries diagnosis, and computer-aided implant dentistry have improved the precision and accuracy of restorations, according to Grand View Research, contributing to the market’s growth. Emerging economies in India, China, and elsewhere in the Asia-Pacific region will encourage patients to travel for better restorative care as well.
By product, restorative materials accounted for the largest share of the market due to their extensive use in these procedures. Also, several key players in the market have recently launched improved products, including direct and indirect materials, bonding agents and adhesives, impression materials, and biomaterials. Next, Grand View Research says that dental implants will see strong growth due to patient demand for long-lasting aesthetic solutions.
Grand View Research also expects the dental hospital and clinic segment to dominate the market through the forecast period due to the growing number of dental practices and enrollment in dental schools. And while Europe dominated the market in 2016, the company says that the Asia-Pacific market will see the highest CAGR due to its large population, rising awareness of oral health, and growing number of dental colleges.