Dental Restorative Market Expected to Reach $39 Billion by 2034, Growing at 6.7% CAGR

An latest analysis released by market research and competitive intelligence firm Fact.MR projects that the global dental restorative market will generate US$ 20.32 billion in revenue by 2024. From 2024 to 2034, the market is expected to grow at a 6.7% CAGR.

The growing prevalence of oral illnesses and the rise in dental tourism in several nations worldwide are the primary drivers of market expansion. There are more opportunities for market participants as the number of elderly persons who suffer from dental decay rises. However, issues with insurance coverage and the high expense of restoration operations and treatments are some of the reasons impeding market growth.

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North America holds approximately one-third of the global market share, driven by increasing cases of dental and oral diseases and a growing elderly population with oral health concerns.

According to a 2021 report by the American Dental Association, nearly two-thirds of individuals aged 65 and older suffer from gum disease, while about 50% of those over 75 are affected by root caries in at least one tooth.

What Challenges Are Limiting the Growth of Dental Restorative Solutions?

The placement of composite restorations is highly technique-sensitive and time-consuming, especially for larger or deeper cavities. This is because dental composites require multiple thin layers for proper application. Additionally, a lack of qualified dental professionals in certain underdeveloped and emerging economies is hindering the growth of the dental restorative market.

How Are New Companies Making an Impact in This Industry?

The introduction of CAM (computer-aided manufacturing) and CAD (computer-aided design) technologies is transforming the global dental healthcare sector. Start-ups are capitalizing on the opportunities these advanced solutions offer. The use of CAM/CAD systems has led to reduced design time, while restorative materials are now produced using these techniques.

Country-wise Insights

North America is expected to hold a 33.3% market share by the end of 2034, according to a report published by Fact.MR, a company that provides market research and competitive information. Numerous private insurance companies' supportive reimbursement policies for dental operations are creating profitable prospects for regional market participants.

By 2034, the United States is predicted to hold an 83.6% market share in North America. The nation has highly advanced medical facilities. The availability of highly qualified doctors and the affordable cost of care in the US are drawing in more patients, which is also positively affecting market trends for dental restoratives.

By the end of 2034, India is expected to control 66.5% of the South Asian and Pacific market. The industry is growing because to the expansion of dental tourism with new dental hubs. As a result, a number of dental healthcare facility providers are offering cutting-edge dental technologies, including dental delivery systems and CAM/CAD, for use in dental restoration procedures.

A growing number of foreign visitors to India is favorably impacting the growth of the dental tourism sector, according to data from the Confederation of Indian Industry.

Category-wise Insights

According to the Fact.MR survey, the use of restorative materials in cosmetic surgery treatments has led to an increase in demand for them. Additionally, the need for dental restoration services is increasing globally due to increased requirements.

Restorative materials are expected to account for 34.9% of the dental restorative industry by the end of 2034. The growing popularity of aesthetics is driving up demand for these materials, resulting in an increase in the number of cosmetic dentistry procedures. Furthermore, the growing demand for tooth repair facilities is driving the preference for biomaterials in dentistry and their usage in the fabrication of dental restorations. Several modern and new technologies are included into the equipment to improve quality and precision.

Dental clinics are expected to hold a 53.8% share of the global market by 2034. The availability of contemporary and advanced technology in these clinics contributes to the growing demand for dental restorative solutions.