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 ceramic materials that are used in dental restoration procedures such as crowns, bridges, veneers, inlays and onlays. Zirconia ceramics possess high mechanical strength and esthetic properties which make it suitable for dental applications. Advancements in computer aided design and manufacturing (CAD/CAM) technologies have enabled producing zirconia based dental restorations with precision-fit and enhanced esthetics. The demand for zirconia based dental materials is increasing in cosmetic dentistry owing to its biocompatibility and tooth-like appearance.
Market key trends:
One of the key trends in the zirconia based dental materials market is the rising adoption of CAD/CAM technologies. Advancements such as guided surgery, digital scanning and milling have made the process simpler, faster and more accurate. This has increased the application of zirconia based restorations in complex dental procedures. Furthermore, manufacturers are focusing on developing materials with enhanced mechanical strength and translucency to imitate natural tooth structure closely. They are introducingproducts with advanced mechanical properties and esthetics to expand their market share. Growing awareness regarding cosmetic dentistry and rising dental tourism in emerging nations are also contributing to the growth of the zirconia based dental materials market.
Porter’s Analysis
– Threat of new entrants: The threat of new entrants is moderate as dental materials market requires high investment for R&D, raw material sourcing and manufacturing facilities. However, growing demand offers opportunities.
– Bargaining power of buyers: Bargaining power of buyers is high due to presence of various zirconia based dental materials providers and dental clinics preferring cost-effective solutions.
– Bargaining power of suppliers: Bargaining power of raw material suppliers is moderate since manufacturers can switch to alternative suppliers in case of price rise.
– Threat of new substitutes: Threat of new substitutes is low as zirconia based materials have proven benefits over other dental materials and no major substitute exist currently.
– Competitive rivalry: intense due to presence of global and regional players focusing on new product launches and geographic expansion through mergers and partnerships.
Key Takeaways
Global Zirconia Based Dental Materials Market Demand is expected to witness high growth, exhibiting CAGR of 7.2% over the forecast period, due to increasing focus on dental aesthetics and rising dental tourism.
Regional analysis: North America dominates the zirconia based dental materials market holding the largest share owing to developed healthcare infrastructure, rising dental expenditure and growing medical tourism. Asia Pacific exhibits the fastest growth due to increasing disposable incomes, growing medical tourism and considerable patient pool.
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
