Market Trends of Dental Surgical Instruments Industry
Restorative Dentistry Segment is Expected to Hold a Significant Market Share Over Forecast Period
- Restorative dentistry or dental restoration is the various ways to replace or restore the missing teeth or parts of the tooth structure or structures that must be removed to prevent decay. Dental restorations include fillings, crowns, implants, bridges, dentures, and tooth extraction. The factors that drive the growth of the segment are rising oral health diseases, dental problems, particularly among youngsters and the elderly, and rising awareness regarding dental care and restorative dentistry.
- The high prevalence rate of dental caries among Brazilian children in the country is contributing to the healthy growth of the market. An article published in April 2021 by Brazilian Oral Research (BOR) reported that 90% of the target population had lost at least one tooth, and 39% had lost more than eight teeth in an isolated population of Brazil. This higher tooth loss was associated with adult age and female gender. Such a high prevalence of tooth loss creates the need for dental surgeries, and so does the demand for the devices and thus driving the growth of the market segment.
- Moreover, the increasing launch of restorative dentistry products is expected to boost the market over the forecast period. For instance, in October 2022, 3M introduced the 3M Filtek Matrix - a new restorative solution that makes composite placement less stressful and more predictable for dentists, and more affordable for their patients.
- In addition, several companies are focusing on producing innovative dental implant devices. For instance, in January 2021, the CeramTec Group acquired Dentalpoint AG for ceramic dental implants. This acquisition will assist the company in investing in the rapidly growing future market for metal-free dental prostheses and further expand its portfolio of medical technology applications and ceramic components for joint and dental implants that will help to improve the lives of patients worldwide.
- Thus, all aforementioned factors, such as tooth loss issues and company development, are expected to support the segment growth.
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North America is Expected to Occupy a Significant Share in the Dental Surgical Instruments Market
- North America is expected to hold a dominating position globally in the dental surgical instruments market due to the rising prevalence of dental diseases, rise in healthcare expenditures, and the presence of infrastructure in this region. For instance, as per the February 2022 update of the Centers for Disease Control and Prevention (CDC), about 63% of adults of age 18 years and more had a dental visit in the country.
- The statistics indicate that this percentage of the population visiting dental clinics for examination is contributing to the growth of the market. The National Institute of Dental and Craniofacial Research (NIDCR), which is part of the National Institutes of Health (NIH), provides significant funding for research on dental, oral, and craniofacial diseases. According to the NIDCR website, in fiscal year 2020, the NIDCR awarded approximately $389 million in research grants and contracts to support research on a wide range of topics related to dental, oral, and craniofacial health. This is a substantial amount of funding, and it underscores the importance of research in this field. Additionally, a report published by the NIH in June 2021 estimated that the total annual research support for dental/oral and craniofacial disease across all of the NIH's institutes and centers was approximately $638 million..
- Additionally, the International Dental Journal's article published International Dental Journal in February 2021 reported that the prevalence of tooth loss was 57.2% due to tooth decay in Mexico. The study also reported that it is similar to that reported in low-middle-income countries. Such a high prevalence of tooth decay and loss generates a need for dental caries treatment products hence driving the growth of the market.
- Acquisitions are another factor in market growth. For instance, in June 2021, Dentsply Sirona acquired assets of Propel Orthodontics, including the VPro device. When used as part of an orthodontic treatment plan, this easy-to-use device featuring patented high-frequency vibrational technology can increase patient comfort and may reduce overall treatment time significantly. Hence, such acquisitions with increase the market growth in the upcoming period in the region. Thus, due to the above-mentioned factors, the North American region is expected to have a significant market share in the dental surgical instrument market over the forecast period.
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