Increasing Dental Complications amid the Elderly Driving Demand for Dental Restoratives, Finds Fact.MR
Demand for dental restoratives is on askyward rise as a huge proportion of the worldwide population is focusing on oral health, the incidences of dental decay are rapidlyfalling. As market players capture the trend, expansion of anextensive range of products emerges on the cards such asrestorative equipment, restorative material, prosthetics and implants.
Out of these, restorative material shall discover widespread usage amid the dental practitioners, accounting for a 30% of the overall dental restoratives market share over the forecast period. As per Fact.MR, this is attributed to boost usage of biomaterials in implants and dental procedures.
It further claims, “The dental restoratives market is likely to swell, due toincreasing preference for cosmetic surgeriesandoral-hygiene awareness. On the other hand, rescheduling of non-elective surgical procedures at the back of COVID-19 willbe hinderinggrowth of the market. Market players have realized this and are taking pre-emptive steps to fortify their supply chains. The consumption of prosthetics willdiscover widespread adoption. Europe and APACregions are promising expansion hotspots for the worldwide market.”
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On the back of these trends, the dental restoratives market is projected to multiply in the future. Fact.MR states that the market is slated to grow at a notable CAGR of 6.8% amid the assessment period (2020-2025).
Implementation of CAD/CAM Systems Results in Increasing Acceptance
The launch of computer-aided-manufacturing (CAM) and computer-aided design (CAD) have transformed dental healthcare all over the world. It is one of the biggest accomplishments in the dentistry arena. Usage of CAM/CAD has significantlylimited product designing time. Restorative materials are produced through the CAM/CAD technique. Implementation of the CAM/CAD system is slated to encourage the dental restorative equipment segment, accounting formore than a quarter of the overall market share.
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Europe to Remain Lucrative Throughout the Forecast Period, Asia-Pacific Reflects Impressive Growth
Europeis slated to dominate the global dental restoratives market, holdingover one-third of the total market share. The growth in the region can be primarily attributed to reimbursement for dental procedures by private insurance companies. On the other hand, Asia-Pacific anticipates lucrative prospects for the marketgrowth owing to increasing dental tourism followingevolving dental hubs.
Unfavourable Reimbursement Policy Restraining Growth of Global Dental Restoratives Market
“A key factor that holds back the dental restoratives market from attaining a higher growth curve is unfavourable reimbursement policies”, states Fact.MR. Furthermore, higher cost of the product is likely to hamper the growth of this market.However, dental practices are shifting from individual practices to corporate, multi-unit, and group dental practices, offering quality care to patientsand high-efficiency, is assisting in boosting the market growth.
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Dental Restorative Supplies Market:The dental restorative supplies market is poised to reach a staggering valuation of US$ 1.8 Bn by the end of the forecast period (2020-2025).
Dental Endodontics Market: Application of endodontic systems is restricted to r&d activities in these institutes, which restricts sales prospects for players in the dental endodontics market. (2020-2025).
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