Dental Caries Treatment Market is Estimated To Witness High Growth Owing To Rising Incidences of Tooth Decay
The Dental Caries Treatment Market is estimated to be valued at US$ 6,302.2 Mn in 2022 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental caries or tooth decay is one of the most common oral health diseases affecting people worldwide. It is caused by specific types of bacteria that can damage tooth enamel. Dental caries treatment products play a vital role in prevention and management of tooth decay. Products such as dental sealants, restorative materials, endodontic materials and prosthetics are used for sealing tooth surfaces, filling cavities, root canal procedures and tooth replacement respectively. Rise in geriatric population and increasing consumer awareness regarding oral care are major factors driving growth of the dental caries treatment market.
Market key trends:
Dental sealants are thin plastic coatings applied to the chewing surfaces of back teeth to protect them from decay. They are considered one of the most effective ways to prevent tooth decay. The trend of using dental sealants is gaining high momentum in both children and adults. According to the Centers for Disease Control and Prevention (CDC), dental sealants are effective in preventing cavities in around 80% of cases when properly applied. Also, dental composites are emerging popular material for fillings and restorations owing to their durability, tooth-like appearance and less tooth preparation requirements compared to other restorative materials like amalgam fillings. These key trends are anticipated to fuel growth of the dental caries treatment market during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants into the dental caries treatment market is moderate as it requires heavy investments in R&D and strong distribution networks. New players face high costs associated with building brand awareness and establishing trust among patients.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are many options available for dental caries treatment like dental filling, dental crown, root canal etc. However, buyers have less influence on pricing as dental treatments are considered essential healthcare services.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the presence of many raw material manufacturers and suppliers globally. This allows buyers to negotiate on better pricing and quality terms.
Threat of new substitutes: The threat of new substitutes is low as there are limited treatment options for dental caries currently. However, the threat may increase with advancement in technologies like regenerative endodontics.
Competitive rivalry: High due to presence of many global as well as regional players competing on basis of pricing, innovation, quality and service.
SWOT Analysis
Strength: Wide range of treatment offerings like dental filling, crowns, root canal etc. Weakness: High costs associated with R&D, marketing and branding. Opportunities: Growth in dental tourism industry. Rising awareness about oral healthcare. Threats: Strong bargaining power of buyers limits pricing flexibility. Stringent regulatory approvals delay market access.
Key Takeaways
The Global Dental Caries Treatment Market Size is expected to witness high growth, exhibiting CAGR Of 4.8% over the forecast period, due to increasing incidence of dental caries worldwide. Changing dietary patterns, greater sugar consumption and poor oral hygiene are major drivers.
Regional analysis - North America dominates the market currently due to dentist availability and dental insurance. However, Asia Pacific is poised to grow the fastest due to expanding healthcare infrastructure and patient pool in China and India.
Key players operating in the dental caries treatment market are Morita Corporation, Alpha Dent Implants Ltd., Shofu Dental Corporation, Coltene Group, 3M Company, Institut Straumann AG, Zimmer Biomet, Dentsply Sirona Inc., DiaDent Group International, and Essential Dental Systems Inc., among others. These companies focus on new product launches, partnerships and geographical expansion strategies to strengthen their market presence.
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