Knowledge Sourcing Intelligence announces the publication of a new report on “Dental Biomaterial Market - Forecasts from 2020 to 2025” to their offering.
The growing prevalence of the dental disorder, increasing cognizance of the importance of oral care in newly industrialized countries, and the growing investment in R&D, among others, are instrumental in driving the anticipated growth of the market.
As per the report, the Dental Biomaterial Market is expected to reach US$ 12.258 billion by 2025from the US $ 7.983 billion in 2019.
At the outset, it is pertinent to gain a comprehensive understanding of the global oral care industry through the estimates of a select few markets related to dental care which is partly driven by the increasing investments resulting in a variety of development in the healthcare industry. Thus, the Knowledge Sourcing Intelligence estimates that the Oral Care Market is expected to grow at a CAGR of 5.63% to reach US$ 38.072 billion in 2025 from US$ 27.416 billion in 2019. The acknowledgment of dental interventions by licensed dentists has resulted in a surge of establishments offering dental care, this can be substantiated by the estimates of Knowledge Sourcing Intelligence related to the global market of the Dental Infection Control Products which is expected to expand at a CAGR of 5.12% over the forecast period of 2017 – 2023. This market encompasses measures taken to control the spread of infections in dental health care settings. The growth of the dental biomaterial market can also be discerned by the estimated growth of Global Dental Consumables Market which according to Knowledge Sourcing Intelligence is projected to grow at a CAGR of 4.60%. The market is also expected to finally attain a size ofUS$40.607 billion in 2025, from US$31.001 billion in 2019. The dearth of proper dental care and rising incidences of dental Infections has resulted in the growing adoption of enhanced and advanced dental consumable products to aid in the proper and effective dental treatment and care. Additionally, Dental Appliance Market is expected to grow at a CAGR of 7.21%by the estimates of Knowledge Sourcing Intelligence and is projected to reach US$13,200.608 million in 2025 from US$8,693.250 million in 2019.
The appliances comprise tools that facilitate repairing a damaged tooth or teeth or helps in the replacement of missing teeth. The market is projected to grow during the forecast period due to the rising dental health awareness among individuals at the international level. According to the United States Bureau of Labour Statistics, the demand for licensed dentists is expected to grow and reportedly increase by 18% by the end of 2024. Further, around 20,000 new dentists are predicted to enter the profession. The rise in the recognition of cosmetic dentistry around the world is also another factor that is expected to result in the rise of the demand for dentists. The aforesaid is a reflection of various kinds of factors that are expected to partly contribute to the dental biomaterial market. Another factor that is expected to augment the growth of the dental biomaterial market is the rise in the pool of the aging population in developed countries. To this end, it is important to note that according to the United Nations (UN) it is estimated that 1 out of 6 people will be over 65 years of age by 2059 which is an increase of 16% from 1 in every 11 individuals I.e. 9% (2019 estimates). Further, 1 out of every 4 individuals living in Europe and North America and could be over 65 years of age.
Furthermore, for the first time, the total number of people over 65 years of age and above had exceeded the number of children under 5 years of age globally during 2018. Above all, accounting for population growth of 426 million from 143 million in 2019 the number of people who are 80 years of age and above is projected to triple in 2050. This has resulted in the growing demand for implants and prosthetics which is also a result of the demand for cosmetic dentistry. Substantiating the aforementioned is an estimation by the American Academy for Implant Dentistry around more than 15 million people in a year in the U.S. undergo bridge and crown replacement.
As a part of the report, the major players operating in the dental biomaterial market, which have been covered are Zimmer Biomet Holdings, Straumann AG, Royal DSM, Mitsui Chemicals, Inc, Medtronic Plc Kuraray Co., Ltd, Geistlich Pharma AG, Dentsply Sirona, Inc, Danaher Corporation and 3M Company.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/dental-biomaterial-market
This report segmented the dental biomaterial market on the basis following terms