The global dental cement drugs market was valued at approximately US$
785.4 Mn in 2016 is projected to register cumulative annual growth
rate (CAGR) of over 4.8% from 2017 to 2025, according to a new report
published by Transparency Market Research (TMR) titled “Dental
Cement Market – Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2017–2025”. The report suggests that surge
in rising number of dental caries, aesthetic look and dental medical
tourism are important factors responsible for the growth of the
market in the coming years (2017 to 2025). As key players introduce
their advanced dental cements in developed markets such a North
America and Western Europe, these regions are likely to account for
dominating share of the global dental cement market. Changing dietary
habits and medical tourism in emerging markets such as China and
India is likely to boost growth of Asia Pacific dental cement market
at a CAGR of around 5.4% from 2017 to 2025.
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The cost of dental procedures such as dental implants is very high,
making them unaffordable for many patients.
According to a report published by UBS (Universal Bank in
Switzerland), in 2016, the penetration of dental implants in the U.S.
was still below 15% of tooth restorations. Many patients cannot
afford dental implants, which can cost US$ 3,500 for a single tooth
replacement and up to US$ 10,000 for a full denture in the U.S., and
instead receive traditional treatment. According to an article
published on Health-Tourism.com, the cost of dental implant for six
teeth in U.S. clinics is US$ 18,500 whereas it costs only US$ 3,600
in Mexico and dental implant for one teeth costs around US$ 2,000 to
US$ 10,000 in the U.S. and the same procedures costs US$ 1,000 in
Mexico.. With rising cost of dental procedures individuals delay
their dental procedures and these factors there by restraining growth
of global dental cement market.
The report offers detailed segmentation of global dental cement
market based on product type, material type and end users. Among the
product class, permanent dental segment is poised to account for
leading share of the global market during the forecast period from
2017 to 2025. The rising number of cosmetic dental surgeries has
accelerated the growth of permanent dental cements. Also, with
increasing geriatric population there is a need for artificial casts.
All the factors would accelerate the growth of the permanent segment.
The permanent dental cement is anticipated to grow at a CAGR of 5.1%
during the forecast period. The slow growth of temporary cement is
characterized by increasing number of cosmetic dentistry across the
globe. The use of temporary dental cements in cases of immediate
restoration will also drive the growth of the segment.
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By material type the glass ionomers segment is expected grow at a
CAGR 5.7% during forecast period and hence dominates the global
dental cement market by material type. The growth of the segment is
attributed with the increasing growth of the hybrid or resin modified
glass ionomers cement. Glass ionomers cement is an acid – soluble
calcium and has fluoride in it which inhibits recurrent decay. The
cement causes less trauma or shock as compared to other cements.
However, the slow growth of the segment is due to few of its
disadvantages such as type I & II cements are used in restoration
of primary dentition. Polycarboxylate dental cement is the less
contributing segment for the growth of the global dental cement
market and the segment is expected to grow with a CAGR of 4.1% during
the forecast.
In terms of value, Asia Pacific is expected to grow at a CAGR of 5.4%
during the forecast period. Rising dental medical tourism in India
due less cost of dental procedures. According to an article published
on India Medical Times, in the U.S. and U.K., dental implants and
tooth colored composite fillings costs around US$ 3,500 and US$ 500
respectively; however, dental implants and tooth colored composite
fillings treatment costs around US$ 800 to US$ 1,000 and US$ 20 to
US$ 40 respectively in India. According to the Tourism Dental India,
in 2013, around 28% patients from European countries and 21% patients
from North America contributed to the growth of dental tourism in
India, and according to the Confederation of Indian Industry, the
number of foreigners visiting India for dental treatment is expected
to rise by 15% every year. According to Patients Beyond Borders, in
2014 over 1.2 million Americans traveled abroad for health and dental
care.
The report also provide profiles of leading players operating in
global cardiovascular drugs market include 3M, Danaher Corporation,
Dentsply Sirona, Ivoclar Vivadent AG, SHOFU Dental GmbH, BISCO, Inc.,
SDI Limited, DMG Chemisch-Pharmazeutische Fabrik GmbH, FGM Produtos
Odontológicos, Medental International, Inc.. Expansion of dental
cement portfolio through improving existing product portfolio along
with continuous innovation in the dental restorative material.
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