The global Dental Caries Treatment Market is estimated to be valued at US$ 6,302.2 Mn in 2022 and is expected to exhibit a 4.8% CAGR over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The Global Dental Caries Treatment Market Size is expected to witness high growth, exhibiting a CAGR Of 4.8% over the forecast period of 2030 to 2030, due to increasing prevalence of dental caries and rising dental tourism. The market was valued at US$ 6,302.2 Mn in 2022.
Regional analysis – North America dominates the global dental caries treatment market followed by Europe owing to supportive healthcare infrastructure, favorable reimbursement policies, and dental tourism. However, Asia Pacific is expected to grow at the fastest rate due to rapidly growing economy, increasing dental procedural volumes, and rising medical tourism.
Key players – Key players operating in the dental caries treatment market are Morita Corporation, Alpha Dent Implants Ltd., Shofu Dental Corporation, Coltene Group, 3M Company, Institut Straumann AG, Zimmer Biomet, Dentsply Sirona Inc., DiaDent Group International, and Essential Dental Systems Inc., among others. 3M Company and Dentsply Sirona Inc. together hold a significant share of the global market.
Market Overview:
Dental caries, also known as tooth decay or cavities, is one of the most common chronic diseases affecting people worldwide. It results from the interaction of Streptococcus mutans bacteria, fermentable carbohydrates, and host factors such as enamel anatomy and saliva composition. Common symptoms include toothache, tooth sensitivity to heat and cold, and decay on the exposed surfaces of the teeth. The dental caries treatment market encompasses various products used for treatment and management of dental caries including dental restorative materials, dental prosthetics, and dentalrestoration materials. Dental restorative materials such as dental amalgams, dental composites, dental cements, and dental adhesives are used for cavities restoration. Dental prosthetics including crowns, bridges, dentures are utilized for dental caries where a significant portion of the tooth structure is lost. They help in restoring the form, function, and aesthetics of missing or damaged teeth. Due to the widespread prevalence of dental caries, there is a need for effective treatment and restoration materials.
Market key trends:
One of the key trends in the Dental Caries Treatment market is the increasing demand for dental restorative materials and dental composites. The demand for dental composites is rising significantly as they are more aesthetically appealing than traditional amalgam fillings and don’t require removal of significant tooth structure. Other key advantages of dental composites include high strength, durability, and tooth-colored finish which closely resembles natural tooth enamel. Manufacturers are also launching improved dental composite products with enhanced mechanical properties making them a preferred choice for dental restorations. Rising focus on dental healthcare and availability of innovative dental treatment and restoration options are some other factors expected to drive the growth of the global dental caries treatment market during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate due to the high capital requirement for R&D and extensive clinical testing required to obtain regulatory approvals for new dental caries treatment products.
Bargaining power of buyers: The bargaining power of buyers is moderate as the buyer has many established players to choose from offering a variety of dental caries treatment solutions.
Bargaining power of suppliers: The bargaining power of suppliers is low as there are many suppliers for raw materials used in manufacturing dental caries treatment products.
Threat of new substitutes: The threat of new substitutes is low as there are limited treatment alternatives available for dental caries.
Competitive rivalry: High as the market is dominated by few major players.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Ravina Pandya
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