Market Challenges And Opportunities

Global Restorative Dentistry Market Drivers:

Rise in burden of oral/dental disease to propel market growth

One of the key factors expected to augment the growth of the global restorative dentistry market over the forecast period is the rise in burden of oral or dental disease across the globe. For instance, restorative dentistry refers to a dental procedure that repairs or replaces the tooth. According to the World Health Organization (WHO), oral diseases affect around 3.5 billion people worldwide, with 3 out of 4 people live in middle-income countries. Moreover, around 2 billion people suffer from caries of permanent teeth and 514 Billion children suffer from caries of primary teeth. Thus, with the rise in burden of oral/dental disease, the use of restorative dentistry is also increasing.

Rising dental tourism to underpin market growth

Another factor which is driving the growth of the global restorative dentistry market is the growing dental tourism in emerging markets. For instance, the idea behind dental tourism is based on the fact that people traveling to other countries can save up to 60% on their dental treatment. Dental tourism has grown exponentially in the last few years in emerging countries such as India, Mexico, Turkey, Poland, and Hungary; primarily be attributed to the low prices of dental treatments. For instance, dental crowns cost US$ 2,000 in the U.S., whereas dental crowns cost US$ 300 in India. Dental tourism also offers shorter waiting times and major cost advantages.

Global Restorative Dentistry Market Opportunities:

High demand for restorative dentistry products worldwide is expected to offer significant growth opportunities for players in the global restorative dentistry market. For instance, in October 2022, 3M announced the launch of 3M Filtek Matrix, the new restorative solution that makes composite placement less stressful and more predictable for dentists and more affordable for their patients. A Filtek Matrix is the latest innovation in 3M's industry-leading portfolio of restorative solutions. Clinicians can pair Filtek Matrix with 3M Filtek Dental Restoratives to deliver excellent composite strength and wear resistance for patients.

Growing geriatric population across the world is expected to offer significant growth opportunities for players in the global restorative dentistry market. For instance, oral diseases are one of the most prevalent health conditions globally, and their burden, especially tooth loss, is huge amongst the older population and thus, with the growing geriatric (aging) population, the demand for restorative dentistry products is also increasing rapidly. According to the World Health Organization (WHO), one in six people in the world will be aged 60 years or over by 2030, and the world’s population of people aged 60 years and older will double (2.1 billion) by 2050.

Global Restorative Dentistry Market Restraints:

High cost of the treatment to hinder growth of the market

One of the key factors expected to hamper the growth of the global restorative dentistry market is the high cost of restorative procedures and treatment. Restorative dentistry helps to restore teeth's functions and improve overall dental health. However, the cost of dental treatment is high because dental insurance option is either weak or non-existent (due to poor reimbursement). It might cover cleanings and x-rays, but it will only provide minor cost assistance in high- cost treatments such as dental implants and orthodontic intervention. Thus, patients are required to bear the huge out-of-pocket cost associated with restorative procedures and treatments.

Reimbursement issues to hamper growth of the market

Another factor which is hampering the growth of the restorative dentistry market is the concerns related to the insurance reimbursement. For instance, dental insurance reimbursement issues pose a threat to the adoption of dental products, as not all the dental treatment are covered by insurance. The reimbursement structure for dental treatment including restorative dentistry is limited. Thus, patients are often reluctant to bear the huge out-of-pocket costs associated with dental treatment and often delay their dental treatment. Moreover, various dental treatments are not covered under the Mediclaim policies, which in turn hamper the market growth.