Global Market Is Estimated To Witness High Growth Owing To Rising Demand For Dental Care Treatments And Growing Dental Tourism
The tooth regeneration market is estimated to be valued at USD 5.10 Bn in 2024, exhibiting a CAGR of 6.1% over the forecast period (2024-2031). The rising prevalence of tooth decay, periodontal diseases, and dental injuries have significantly boosted the demand for advanced dental care treatments including tooth regeneration. Furthermore, growing medical tourism for dental treatments is expected to fuel the market growth during the forecast period.
Market Dynamics:
The tooth regeneration market is primarily driven by the rising demand for dental care treatments and growing dental tourism. There has been a significant rise in the prevalence of oral diseases such as dental caries, periodontal diseases, and other injuries in the recent years due to changes in lifestyle and diet patterns. For instance, according to the World Health Organization (WHO), approximately 3.5 billion people worldwide suffer from oral diseases. This increasing incidence of oral diseases has boosted the demand for advanced dental care treatments including tooth regeneration procedures. Additionally, rising medical tourism in developing countries for cost-effective dental treatments is expected to present lucrative opportunities for players in the tooth regeneration market during the forecast period. Countries such as India, Hungary, Mexico, Costa Rica, and Turkey have emerged as popular destinations for dental tourism owing to the availability of advanced dental care facilities at affordable costs.
Major Driver: Increasing Prevalence of Tooth Decay and Gum Disease among Population is Driving the Tooth Regeneration Market
Tooth decay and gum disease are extremely common oral health issues affecting people across the world. According to the World Health Organization, oral diseases affect nearly 3.5 billion people worldwide, with dental caries in permanent teeth being the most prevalent condition affecting over 2.3 billion people. The prevalence of these conditions is increasing over time primarily due to factors like increased sugar consumption, smoking, poor oral hygiene practices, etc. The growing patient pool suffering from tooth decay and gum disease is driving significant demand for effective treatments and solutions. Tooth regeneration therapies are considered more permanent and natural solutions compared to traditional treatments like dental fillings and dentures. Their ability to actually regrow new teeth structures makes them highly appealing especially for younger patients. This increasing demand from patients is a major growth driver for the tooth regeneration market.
Advancements in Regenerative Medicine and Stem Cell Technologies are Fueling Innovation in Tooth Regeneration Therapies
Over the past decade, there has been tremendous progress in fields of regenerative medicine and stem cell research. Successful applications of these techniques for healing complex tissues like cartilage and bone have increased confidence that teeth which have complex anatomical structures can also be regenerated. Continuous improvements in technologies like 3D bioprinting, development of specialized scaffolds, identification of key signaling molecules, etc. have enabled scientists to develop more effective stem cell-based tooth regeneration therapies. Major advancements are being seen in areas of developing commercially viable processes, translating experimental studies into clinical therapies and gaining regulatory approvals. The rapid progress in underlying science is a key factor enabling sustained innovation in tooth regeneration therapies, driving the market forward.
Lack of Clinical Approvals Restricts the Adoption of Advanced Tooth Regeneration Therapies
While significant advancements are being seen on research front for developing stem cell based tooth regeneration therapies, very few have actually received all regulatory approvals required for clinical and commercial use. Getting approvals is a long, complex, and expensive process which most early stage technologies are yet to complete. This lack of approved therapies restricts doctors from routinely practicing tooth regeneration and limits patient access to novel treatment options. Further research is still needed to demonstrate long term clinical efficacy, safety, cost effectiveness, and address other regulatory concerns for most therapies. Unless major challenges around clinical approvals are addressed, the widespread adoption of advanced tooth regeneration treatments may remain slow in coming years, restraining the market growth.
High Cost of Regenerative Therapies Pose Financial Barrier for Many Patients
Another major restraint for the tooth regeneration market currently is the significantly higher costs associated with novel stem cell and tissue engineering based therapies as compared to traditional dental treatments. Most insurance policies do not cover these advanced regenerative therapies either. Further, setting up specialized clinics, hiring trained professionals and procuring technologies needed to provide regenerative medicine increases overall costs. While costs are expected to reduce with time as regenerative technologies mature, current high price tags exclude large proportion of patient population from availing modern treatment options. This economic barrier limits higher penetration of tooth regeneration therapies worldwide, posing a challenge for market expansion in near future unless costs become more affordable.
Increasing Healthcare Expenditure and Regulatory Frameworks are Widening Market Opportunity for Tooth Regeneration
Global healthcare spending has been consistently rising over the past few decades. Advanced economies are dedicating higher percentage of their GDP to support sectors like regenerative medicine. At the same time, government funding for stem cell research and clinical trials has been on rise in countries like the U.S., China, and several European nations. This translates to increasing financial support available for progressing tooth regeneration technologies through various stages from experiment to marketplace. Favorable regulatory frameworks such as the 21st Century Cures Act in the U.S. are also paving way for faster clinical translation of cutting edge therapies. Growing healthcare expenditure accompanied with conducive policies are widening market access and commercialization opportunities for tooth regeneration products worldwide in years to come.
Emergence of Dental Tourism Industry Creates Opportunities for Adopting Novel Therapies
Dental tourism refers to traveling abroad to receive dental treatment or dental care at a substantially lower cost. Countries like India, Thailand, and Hungary have established dental tourism industries to capitalize on their workforce of low cost, highly skilled dentists. This industry allows patients from developed nations to avail high quality dental treatments like dental implants, cosmetic procedures and now increasingly advanced stem cell therapies at fraction of prices back home. Successful examples like stem cell based tooth regeneration procedures already being marketed in international clinics have shown potential to drive future tourism.
Link: https://www.coherentmarketinsights.com/market-insight/tooth-regeneration-market-75
Key Developments:
- In February 2024, Toregem Biopharma Co., a pharmaceutical startup based in Osaka, revealed its plans to initiate clinical trials shortly for an innovative drug designed to promote the regeneration of teeth in humans. Supported by Kyoto University, the company has demonstrated promising results in animal studies and anticipates a significant advancement in human trials by 2030, offering the prospect of transforming dental healthcare.
- In January 2023, RevBio Inc., a medical device company, obtained approval from the Italian Ministry of Health to initiate a pilot clinical trial involving 15 patients. The trial aims to evaluate the efficacy of Tetranite, the company's adhesive biomaterial, in bone regeneration within the mandibular and maxillary dental arches.
- In October 2022, WuXi Biologics, a global Contract Research Development and Manufacturing Organization, and Toregem BioPharma, a biopharma company, inked a Memorandum of Understanding (MoU) to establish a strategic partnership for the development of TRG035. This regenerative drug targets USAG-1 and is intended for the treatment of congenital adentia, a dental disorder.
- In June 2022, VideaHealth, a provider of dental artificial intelligence (AI) solutions, announced the acquisition of a Medical Device Establishment License (MDEL) from Health Canada for its product, Videa Caries Assist. This AI-powered algorithm specializes in dental caries (cavity) detection. VideaHealth's AI and software solutions empower dentists to enhance their analysis of patient X-rays, streamline reimbursement processes, and offer improved transparency and accuracy in treatment recommendations.
Key Players: Straumann Holding AG, DENTSPLY Sirona Inc., Zimmer Biomet Holdings, Inc., Integra LifeSciences Holdings Corporation, Datum Dental Ltd., Institut Straumann AG, Unilever, Procter & Gamble, Young Innovations, Inc., 3M Company, Ocata Therapeutics Inc. (a subsidiary of Astellas Pharma Inc.), CryoLife, Inc., BioMimetic Therapeutics, LLC (a subsidiary of Wright Medical Group N.V.), Cook Medical, StemCells, Inc., TheraCell, Inc., and CollPlant Holdings Ltd.
