by The global Zirconia Based Dental Materials Market is estimated to be valued at US$ 313.77 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Zirconia based dental materials are composite biomaterials used in dental implants and restorative procedures such as crowns, bridges, inlays, onlays, and veneers. Zirconia based materials offer high mechanical strength, biocompatibility, and aesthetic properties over other traditional dental materials such as metals, ceramics, and alloys. Their advantages include high resistance to abrasion and fracture, suitable for anterior and posterior restorations, low thermal conductivity preventing pulpitis and hypersensitivity. These materials have superseded other dental materials in both restorative dentistry and implant dentistry.
Market key trends:
One of the major trends in the zirconia based dental materials market is rising demand from dental hospitals and clinics. Increasing number of dental practices and clinics globally is supporting the growth of advanced dental care market. Dentists and dental surgeons prefer using zirconia based dental materials over other options owing to their advanced mechanical and aesthetic properties. Growing prevalence of dental diseases and rising medical tourism in developing countries is further driving more people to seek dental care treatments involving use of zirconia based dental materials. Additionally, increasing publicity about advanced dental treatments options through internet and social media is creating awareness and demand for such dental procedures and materials. This rising demand from growing dental healthcare sector is expected to propel the zirconia based dental materials market during the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established brand names pose significant barriers for new players entering the zirconia based dental materials market.
Bargaining power of buyers: Buyers have high bargaining power due to presence of various alternatives and differentiation in product offerings.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability ofsubstitute materials.
Threat of new substitutes: Threat of substitutes is low as zirconia dental materials offer better strength and esthetics compared to other materials.
Competitive rivalry: Intense due to strategic investments in new product development by existing players.
Key Takeaways
The global Zirconia Based Dental Materials Market Share is expected to witness high growth, exhibiting CAGR of 7.2% over the forecast period, due to increasing aesthetic appearance and biocompatibility of zirconia dental materials.
Europe is expected to dominate the global zirconia based dental materials market over the forecast period owing to rising geriatric population and increasing dental tourism in the region. However, Asia Pacific is anticipated to exhibit fastest growth rate during the forecast period supported by expanding medical tourism industry and improving healthcare facilities across developing nations.
Key players operating in the zirconia based dental materials market include Pritidenta GmbH, Aidite technology co., LTD, Ivoclar Vivadent., 3M, Glidewell Laboratories, Besmile Biotechnology Co., Ltd., GC America, SAGEMAX, Dental Direkt, Huge Dental, Alien Milling Technologies, Zirkonzahn, Kuraray Noritake Dental INC., Aurident, and Dentsply Sirona.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
