Global dental restorative market is likely to grow at a CAGR of 6.6% during the assessment period. In terms of revenues, the market is projected to reach nearly US$ 25 Bn in revenues.
Albany, NY -- (SBWIRE) -- 05/02/2018 -- A new research study titled "Dental Restorative Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025" has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global dental restorative market is likely to grow at a CAGR of 6.6% during the assessment period. In terms of revenues, the market is projected to reach nearly US$ 25 Bn in revenues.
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The research study offers in-depth analysis and insights on the global dental restorative market. A holistic and unbiased analysis and insight is offered to readers on the key drivers, restraints, opportunities, and trends that are likely to shape the market during the assessment period. The research study also profiles some of the leading players in the dental restorative market and highlights their product and business strategy.
According to the research report, adoption of dental restorative services is growing on account of a range of macroeconomic and microeconomic factors. Increase in the geriatric population around the globe has been identified as one of the key factors driving the growth of the market. Many countries in the world are witnessing an increase in the geriatric population vis-à-vis young population. The expanding ageing population is driving demand for healthcare services and home care treatment options. As ailments related to teeth remain one of the most common issues with the geriatric population, demand for dental restorative services is likely to remain robust during the assessment period.
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In addition to the increase in the geriatric population, another key factor driving the growth of the dental restorative market is the rise of many Asian countries as prominent hubs of medical tourism. According to the report, many Southeast Asian countries have emerged as lucrative markets for carrying out dental procedures, which has further led to the expansion of the market. The favorable reimbursement policies and inclusion of dental plans in the insurance coverage is also likely to provide an impetus to growth of the market during the assessment period.
Although the report has a positive outlook on the dental restorative market, long approval times for new products and treatment methodologies can lead to bottlenecks. The scenario is more stringent in developed countries, such as the US and Europe. Further, the high fragmentation of market in developing countries can eat into the revenue shares of multinational companies.
Some of the key companies profiled in the report includeBISCO, Inc., Ivoclar Vivadent AG, SDI Limited, SHOFU Dental, Institut Straumann AG, and Dentsply Sirona.
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