Jan 10, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Composite Filling Market in Dental Restoration.
It was estimated prior to this unanticipated outbreak that the Composite Filling Market in Dental Restoration is projected to grow at a healthy pace to reach US$ 813.3 million in 2025. The outbreak of the COVID-19 pandemic has almost stalled the economic growth across regions. The dental industry including restorative materials is also registering huge damage due to social distancing and shelter-in-place mandates. Among several dental restorative materials, such as amalgam, composites, and glass ionomers, composite filling materials are estimated to record the least decline amid the pandemic.
Also, the long-term business outlook seems positive for the composite filling market in dental restoration. After a hefty decline in 2020, the market is estimated to register a fast recovery from 2021 onwards. Mandates for safe execution of dental procedures are anticipated to bring back the patient’s footfall in hospitals and dental clinics. Advancements in dental procedures, rising dental tourism, and growing dental expenditure are projected to boost the market demand in the years to come.
The composite filling market in dental restoration is gradually heading towards consolidation. In the past few years, the market has witnessed several mergers & acquisitions. Some of the most prominent strategic alliances in the industry include the merger of Dentsply International Inc. and Sirona Dental Systems Inc. to form Dentsply Sirona Inc. in 2016. Similarly, in 2014, Kerr (now a subsidiary of Envista) acquired Dux Dental to further expand its product portfolio and to better serve dental professionals.
Based on the Filler Particle Type, the market is segmented as nanohybrid, micro-hybrid, micro filled, nano filled, and others. Nanohybrid and micro-hybrid currently dominate the dental restorative composite filling market, driven by a wide array of factors including easy application, reduced sitting period, and easy availability. These materials are also projected to witness higher growth rates during the forecast period, driven by increasing demand from dentists and dental care organizations.
Based on the defect-class type, class I type is likely to remain the largest and the fastest-growing defect type during the forecast period. The rising index of the population and unhealthy eating habits amongst teenagers and young children have significantly increased the cases of class-I defect amongst the population, supporting the fastest growth of class-I defect type. Class-V is the second-fastest-growing defect type during the same period.
In terms of region, Europe is expected to remain the largest market for composite filling for dental restoration during the forecast period, owing to the higher preference of composite filling over amalgam and the presence of key dental companies in this region. Germany, France, the UK, and Russia are estimated to be the major markets in the region over the next five years.
Asia-Pacific is projected to witness the highest growth during the same period. The high population base of key Asian countries, such as India, and China, and a rapid shift from amalgam to composite filling are the major factors behind the growth of the Asia-Pacific region. Additionally, the rise in the demand for regular oral check-ups to have oral hygiene is further elevating the growth of composite filling in this region.
Key Players:
Key players operating in the global Composite Filling Market in Dental Restoration are-
- 3M
- Coltene Holdings AG
- Dentsply Sirona
- Envista
- Mitsui Chemicals
- Tokoyama Dental Corp.
- Bisco, Inc.
- Parkell Inc.
- Ultradent Products, Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Marine Diesel Engine analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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