Restorative dentistry to exceed $20B
The market for restorative dentistry was forecast to grow to a value of $22.2 billion in the next 5 years, according to a report by market analysts, ResearchAndMarkets.com. The market is expected to grow from the current 2022 valuation of $16.5 billion at a CAGR of 6.1%.
Within the market, the segment of prosthetic materials is forecast to take up the greatest share in 2021. This is based on the growth in the number of people worldwide who have lost teeth.
When evaluating by share of the market based on the type of care, implantology is expected to make up the largest share in 2021. That top spot is based on the high rate of demand for dental implants across the developed world.
By end users, the dental hospital and clinics segment is expected to take the largest share in 2021. Growth expectations are based on the uptick in dental tourism and the rising number of dental hospitals and clinics across the globe.
When broken down by geography, the restorative dentistry market is forecast to be led by Europe as the largest shareholder in 2021. An increasing geriatric population in Europe has spurred growth in the region.