“Global Dental Alloys Market to reach a market value of USD 2.9 Billion by 2030 growing at a CAGR of 5.2%”
The Global Dental Alloys Market size is expected to reach $2.9 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.
Palladium is often more cost-effective than other precious metals like gold or platinum. This can be an important factor for dental professionals and patients when choosing materials for dental restorations. Consequently, the palladium segment would generate approximately 8.11% share of the market by 2030. Palladium can be alloyed with other metals to create dental alloys that mimic the appearance of natural teeth. This is important for achieving aesthetically pleasing results in dental restorations. Therefore, the segment will expand rapidly in the upcoming years.
Dental caries, periodontal diseases, and other factors contribute to the prevalence of tooth decay and loss. Dental restorations, often involving dental alloys, become essential for addressing these issues and restoring the functionality and aesthetics of the dentition. Increased awareness and the desire for improved appearance drive a growing emphasis on aesthetic dentistry. Hence, these factors will pose lucrative growth prospects for the market. Moreover, Ongoing research in material science has led to the formulation of advanced dental alloys with improved properties. Innovations focus on enhancing mechanical strength, biocompatibility, corrosion resistance, and other key characteristics. These advanced formulations address the diverse needs of dental restorations, ensuring they meet high-performance standards. Thus, these factors will lead to increased growth in the market.
However, dental procedures can vary widely in cost, and patients often consider the economic aspects of their treatment options. Precious metals contribute to the overall cost of dental alloys, making them less attractive in price-sensitive markets where patients may prioritize more cost-effective alternatives. Including precious metals can significantly increase the overall cost of dental restorations, such as crowns, bridges, or implants. Thus, these aspects can hamper the growth of the market.
However, The pandemic-induced disruptions in the supply chain had an adverse effect on the accessibility of vital components utilized in dental alloys. Lockdowns, restrictions on transportation, and closures of manufacturing facilities in different parts of the world contributed to delays in production and distribution. Hence, the COVID-19 pandemic had a negative impact on the market.
Based on alloy type, the market is segmented into gold-based, palladium-based, silver-based, cobalt-based, nickel-based, and others. The gold-based segment held the largest revenue share in the market in 2022. Gold has a long history of use in dentistry due to its biocompatibility. This makes it suitable for dental restorations, crowns, and other applications where it comes into contact with oral tissues. The corrosion resistance of gold-based alloys guarantees the durability and stability of dental restorations. Thus, these factors will boost the demand in the segment.
Based on application, the market is divided into dental restoration, dental implants, partial dentures & bridgework, and others. The dental restoration segment recorded a substantial revenue share in the market in 2022. The rising popularity of cosmetic dentistry has driven the demand for dental restorations that restore function and enhance the aesthetic appearance of teeth. Dental alloys with improved esthetic properties are often preferred in cosmetic dental procedures. Likewise, Dental professionals are displaying a growing interest in materials that can be tailored to accommodate particular patient requirements. This trend has led to developing dental alloys with varying compositions and properties to cater to different restoration requirements. As a result, these aspects will fuel the demand in the segment.
Free Valuable Insights: Global Dental Alloys Market size to reach USD 2.9 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America segment acquired a considerable revenue share in the market. As people become more inclined to invest in cosmetic dentistry and oral health, which may involve dental alloys, economic expansion in North America may have a positive effect on the dental industry. The frequency of dental procedures, such as crowns, bridges, and implants, can influence the demand for dental alloys. As a result, the segment will expand rapidly in the upcoming years.
Report Attribute | Details |
---|---|
Market size value in 2022 | USD 1.9 Billion |
Market size forecast in 2030 | USD 2.9 Billion |
Base Year | 2022 |
Historical Period | 2019 to 2021 |
Forecast Period | 2023 to 2030 |
Revenue Growth Rate | CAGR of 5.2% from 2023 to 2030 |
Number of Pages | 201 |
Number of Tables | 300 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
Segments covered | Alloy Type, Application, Region |
Country scope |
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Companies Included | Argen Corporation, Success Dental Co., Heraeus Holding Gmbh, Aalba Dent Inc., Kuraray Europe GmbH (Kuraray Co., Ltd.), Sterngold Dental LLC, Yamamoto Precious Metal Co. Ltd., Dentsply Sirona, Inc., Kulzer GmbH (Mitsui Chemicals, Inc.), Ivoclar Vivadent AG |
By Application
By Alloy Type
By Geography
This Market size is expected to reach $2.9 billion by 2030.
Growing demand for dental restorations are driving the Market in coming years, however, High material costs of dental alloys restraints the growth of the Market.
Argen Corporation, Success Dental Co., Heraeus Holding Gmbh, Aalba Dent Inc., Kuraray Europe GmbH (Kuraray Co., Ltd.), Sterngold Dental LLC, Yamamoto Precious Metal Co. Ltd., Dentsply Sirona, Inc., Kulzer GmbH (Mitsui Chemicals, Inc.), Ivoclar Vivadent AG
The expected CAGR of this Market is 5.2% from 2023 to 2030.
The Dental Implants segment is leading the Market, by Application in 2022 there by, achieving a market value of $1.3 Billion by 2030.
The Europe region dominated the Market, by region in 2022 there by, achieving a market value of $934.4 Million by 2030, growing at a CAGR of 4.4 % during the forecast period.
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