Dental Filling Materials Market to hit $1.4bn by 2024
Dental filling materials market is on the verge of becoming a billion-dollar industry with an estimated revenue of USD 1.4 billion by 2024. The industry is gaining high prominence in response to the increasing awareness of oral hygiene and the rising prevalence of dental ailments simultaneously. It is estimated that around 60%-90% of the population, primarily in the developed economies, suffer from tooth diseases. Moreover, the percentage of people visiting the dental clinics is as low as 21% which results in prolonged ailments and decays, in turn boosting global dental filling materials industry share.
In addition to the above factors, the technological advancements in dentistry coupled with the growing trend of cosmetic dental procedures are other important drivers influencing global dental filling materials market share. U.S., in this regard, is one of the top regions witnessing a significant upswing in the regional industry, having accounted for USD 270 million in 2015.
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Moreover, on account of the growing demand for cosmetic dentistry, silver amalgam dental fillings have been witnessed as the most popular product segment of the global dental filling materials industry. The product is slated to observe the highest surge in the years to come, with the target revenue of USD 506 million by 2024. Gold fillings is another lucrative material with high growth prospects in the coming years. Gold dental filling materials market is estimated to register a CAGR of 2.9% over the coming seven years.
The rising awareness and efforts toward maintaining oral hygiene will push Asia Pacific dental filling materials market. The region contributed 36% of the global revenue in 2015 and is set to witness appreciable growth trends over the coming timeframe. China is likely to drive APAC industry revenue with a projected CAGR of 4.6% over 2016-2024. Europe dental filling materials industry will also experience a steady gain with Germany at the growth forefront. The growth can majorly be attributed to the favorable reimbursement policies and growing demand for cosmetic dental procedures across this region.
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Price remains a major factor deciding the growth curve of the industry participants. The industry being fragmented and extensively competitive requires high-level efforts by the players to offer product differentiation in terms of technology and cost. In response to the above factors, vertical integration will emerge as one of the key strategies by the industry participants to improve the cost-effectiveness and supply chain procedures. Key participants in the dental filling materials market are SDI Limited, Dentsply Sirona, Coltene Whaledent, DenMat Holdings, GC America, DMG, Kettenbach LP, and Kerr Corporation.
Browse key industry insights spread across 110 pages with 99 data tables & 6 figures& charts from the report Dental Filling Materials Market in detail along with the table of contents:
Global Dental Filling Materials Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2012 to 2024, for the following segments:
Dental Filling Materials Market By Product
- Glass Ionomer
- Traditional Glass Ionomer
- Metal Modified Glass Ionomer
- Miracle mix
- Cement mix
- Light cure glass ionomer
- Hybrid or resin modified glass ionomer
- Traditional Glass Ionomer
- Silver Amalgam
- Composite Fillings
- Ceramic Fillings
- Gold Fillings
- Temporary Cements
The above information is provided on a regional and country basis for the following:
- North America
- Latin America
- Asia Pacific
- South Africa
- Saudi Arabia
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