Dental Caries Treatment Market Estimated to Witness High Growth Owing to Increasing Incidences of Tooth Decay
Dental caries, commonly known as tooth decay or cavities, is a breakdown of teeth due to bacterial activity. It is one of the most common oral diseases affecting people across various age groups. Dental caries occur when sugars and starches (such as soda, candy, etc) are frequently left on the teeth and dental plaque forms. The global dental caries treatment market includes products such as restorative dental materials, dental imaging, dental chairs, dental lasers, handpieces, CAD/CAM systems and others used for treating dental caries. Wide availability of technologically advanced dental care products and rising awareness about oral health are contributing to the growth of this market.
The global dental caries treatment Market is estimated to be valued at US$ 6921.73 Mn in 2023 and is expected to exhibit a CAGR of 14.% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Increasing incidences of tooth decay and rising awareness about oral health are the major drivers of dental caries treatment market growth. According to the World Health Organization (WHO), dental caries is one of the most common diseases, affecting approximately 3.9 billion individuals across the globe. Advanced technologies such as dental imaging and lasers for dental procedures have made dental treatment more effective and less painful, boosting the adoption of dental caries treatment globally. Additionally, growing demand for cosmetic dentistry and rising healthcare expenditures are expected to accelerate the demand for dental caries treatment during the forecast period.
SWOT Analysis
Strength: Dental caries treatment has several effective treatment options available such as dental sealants, fluoride therapy, and restorative treatments which help protect teeth from decay. These treatment options are minimally invasive and have a high success rate. Furthermore, technological advancements have led to the development of new restorative materials that better mimic the look and feel of natural teeth.
Weakness: Dental treatment can be expensive for some individuals without dental insurance. The cost of advanced restorative procedures and dental implants is generally not covered by basic insurance plans. Additionally, certain populations have limited access to dental care facilities in their areas.
Opportunity: Rising awareness about oral healthcare and the link between dental caries and overall health has increased demand for accessible and affordable treatment options. There is an opportunity to develop low-cost treatment technologies and educate people living in remote communities about prevention and early detection of tooth decay.
Threats: Alternative dental treatment approaches such non-fluoridated or herbal toothpastes and procedures may gain popularity. Strict regulations and lengthy approval processes for new materials and technologies act as a barrier to innovation. Economic downturns can negatively impact the discretionary spending on dental care.
Key Takeaways
Global Dental Caries Treatment Market Size is expected to witness high growth. Advancements in technologies have enabled the development of novel restorative materials such as resin composite fillings that replicate the look and feel of natural teeth. This has increased the acceptance of restorative procedures among patients.
Regional analysis: North America currently dominates the dental caries treatment market owing to factors such as rising dental expenditure, availability of advanced dental technologies and a large base of dental professionals. However, the Asia Pacific region is expected to be the fastest growing market in the coming years. This can be attributed to growing awareness about oral healthcare and rising disposable incomes in emerging countries such as China and India.
Key players: Key players operating in the dental caries treatment market are Georgia-Pacific LLC, International Paper Company, Lenzing AG, Grasim Industries Ltd., Sateri Holdings Limited, Aditya Birla Group, Tangshan Sanyou Xingda Chemical Fiber Co., Ltd., Barnhardt Manufacturing Company, Shanghai Textile Raw Materials Corporation, Shandong Silver Hawk Chemical Fibre Co., Ltd., Thai Rayon Public Company Limited, Xinjiang Zhongtai Chemical Co., Ltd., Shandong Demian Incorporated Company, Gujarat Ambuja Exports Limited, and North Alabama Cotton Cooperative.
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