The global restorative dentistry market accounted to US$ 16,337.5 Mn in 2018 and is expected to grow at a CAGR of 6.5% during the forecast period 2019 – 2027
The restorative dentistry market is highly competitive in nature with a considerable number of players, having a high level of consolidation overall revenue share. Most of the companies operating in the restorative dentistry market are present globally and have wide distribution and sales network through partnerships or authorized dealers.
The most notable restorative dentistry market participants are Dentsply Sirona Inc., Danaher Corporation, 3M, Ivoclar Vivadent AG, Ultradent Products, Inc. Institut Straumann AG, Zimmer Biomet Holdings, Inc., GC Corporation, Mitsui Chemicals, Inc., Voco Gmbh, Brasseler USA and DiaDent Group International, occupying a considerable share of the market owing to their offerings to the market.
Restorative dentistry market leaders are involved in providing the products and systems that contribute to quality enhancement and cost efficiency within healthcare and life sciences. For instance, in April 2019, 3M launched 3M Filtek Universal Restorative that offers a modernized approach to anterior and posterior restorations, with a simplified shading process and advanced composite technology to provide strong and esthetic results.
Many well-known, as well as small local companies, are present in the market to provide diversified products to its customers. The larger firms are adopting the strategy of acquiring small firms to enhance its product portfolio and expand its footprint in different geographies. Additionally, various companies are also undergoing other strategic alliances such as acquisitions and others to garner their significance and remain competitive in the market. Few of the important key developments from the industry are mentioned below.:
|2019||Dentsply Sirona introduced Astra Tech Implant System and Ankylos and Xive to provide long-term functional and esthetic solutions for many clinical situations and patients worldwide.||North America|
|2019||3M and Bioclear entered into a partnership to provide dentists and dental schools with the techniques, tools and equipment to allow for longer lasting, stronger, and aesthetically superior composites.||North America|
|2016||Straumann and Anthogyr signed a partnership agreement that enables the Swiss company to invest in Anthogyr and to address a broader section of the fast-growing tooth replacement market in China.||Asia Pacific|