Dental Biomaterial Market Trend – Ensuring Efficacious Oral Care
Modern dental therapies have been revolutionized by dental biomaterials. The need for endodontic treatment has gained momentum due to untreated dental caries. Additionally, a decreasing rate of tooth loss has necessitated increasing investments that would result in the continuous improvement of the materials used for endodontic therapies. Dental biomaterials have also increasingly found applications as Endodontic biomaterials which are used for vital pulp therapies, obturation, and regenerative procedures, irrigation, and intracanal medicaments. The materials are known to extend several functional benefits such as aesthetics, antimicrobial activity, mechanical reinforcement, and therapeutic effects. Building on the strength of past materials such as calcium hydroxide and calcium silicates vital pulp therapies have experienced gradual improvement in clinical results. Conversely, sodium hypochlorite remains the gold standard for canal irrigation. Sustained antimicrobial action has been endeavored by the development of numerous nanoparticle formulations while bulk fillers that are based out of Gutta?percha remain the most common materials for root filling. The aforesaid is partly responsible for the healthy dental biomaterial market growth.
Ceramic biomaterials or bioceramics have great potential to drive the dental biomaterial market growth during the forecast period. Bioceramics are a category of ceramics used in the biomedical field to repair and reconstruct the damaged and diseased tissue of musculoskeletal systems. Based on the responses to the biological environment various categories of bioceramics have been recognized for example alumina (Al2O3) and zirconia (ZrO2) are classified as bioinert, bioglass and glass-ceramic are bioactive. On the other hand, calcium phosphate ceramics are categorized as bioresorbable and bioactive. Bioceramics have been known to be used for maxillofacial surgery, and dental implants. Bioceramics are being subjected to a variety of investments to result in expanding to their performance and reliability. Further, irresponsible consumption tendencies that necessitate the requirement of dental crowns, among others, have the potential to lead to an expansion of the market share of dental bioceramics. For example, it was reported that Institut Straumann AG (Straumann Group) has acquired a 30% stake in its biomaterials partner botiss biomaterials GmbH (botiss biomaterials) in July 2018 facilitating the expansion of the latter’s global distribution network of the former’s products as well as further deepen the collaboration that has proved beneficial in driving dental biomaterials market growth.
Rural Population (% of Total Population)
Source: World Bank
The increasing global population and rural-urban migration are expected to facilitate the expansion of the healthcare industry and augment dental biomaterials market growth during the forecast period. In view of the above, the effectuation of swift adoption of new lifestyle trends that are expected to drive the demand for processed food consumption is expected to occur during the next few years. The aforesaid expected to partly arise from the growing availability of disposable income which is estimated to lead to the palpable transitioning from the traditional way of living to lifestyles that are mostly adhered to by urban dwellers. Rapid urbanization will also invariably effectuate the receipt of better and higher education by a relatively larger size of population which automatically would result in the capacity of high-income generation as well as a conscientious investment in integration of fast food and snacking tendencies in every day, among others. Further, the growing inclination towards plant-based products and growing pool of vegans are resulting in several product developments along such lines enabling the businesses to stay market-relevant and increasing their respective market shares by tapping into newer opportunities ultimately leading to higher consumption of processed food. In view of the above, it is pertinent to note that 1.7 billion people i.e. around 23% of the world population lived in a city in 2016 and 45 % of the world’s population resided in rural areas which are expected to fall by 40% by 2030 as per United Nations (UN).
Moreover, the increasing female population who are engaged in earning a livelihood has reportedly led to increased purchase of processed food products around the world through both offline and online channels around the world. This development has contributed to the increase in overall product sales over eCommerce channels that were already in the order of 25 trillion USD in 2018 which was reportedly equivalent to 30% of the global GDP (gross domestic product) of 2018 as per UNCTAD. The B2B eCommerce was valued at $21 trillion which reportedly translates to 83% of all eCommerce and the value of B2C eCommerce was $4.4 trillion. The highest B2C sales were registered by China, the United States, and the United Kingdom. Additionally, as of 2018 cross-border B2C e-commerce sales have been estimated to be in the order of $404 billion.
On the other hand, it is important to note that countries that are experienced rapid industrialization in recent times are witnessing an increased presence of online retailers that are facilitating the growth of the retail food segment besides factors like the rising middle-income group and the growing population of working women. In the case of China, contrary to the predecessors the current consumers are in search of the quickest swiftest, and the most convenient methods to meet their demands. This desire is being increasingly facilitated by the options of purchasing via mobile payment apps like WeChat Pay and AliPay. Conversely, organizations across the world are capitalizing on the data pertaining to individual consumer preferences which are derived from their data-centric operation model. In this way, organizations are equipped with the tool to better comprehend the varied segments of the consumers and appropriately target the concerned segment through the better placement of products which will in turn influence the marketing strategies to foster higher revenue returns and ensure repeat business. Due to the great extent of competition, innovations that are driven by data, retailers are increasingly inclined to integrate their brick & mortar stores and online portals with social media marketing platforms. Thus, with such magnitude of consumption, the degree of conscientious investment in oral hygiene is expected to be buttressed by the investments in dental implants, among others that would lead the surge in demand for dental biomaterials consequently leading to the growth of the market during the forecast period.
Leave a ReplyWant to join the discussion?
Feel free to contribute!