Tooth Regeneration Market Size Is Anticipated To Reach USD 5,980 Million at a CAGR of 8.5% By 2027 | Share Analysis, Future Insights, Growth Estimation and Industry Trends
Global Tooth Regeneration Market Insights
Teeth are a vital part of human digestive system and carry out different functions such as feeding and articulation. Teeth are also considered to play major role in an individual’s aesthetic appeal. Therefore, loss of teeth can have both physical and psychological impact on human health. Increasing technological advancements in tooth regeneration such as denatures and dental implants are expected to boost growth of the global tooth regeneration market over the forecast period.
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Emotional connect with natural teeth and their advantages has led to the development of biologically engineered teeth (tooth regeneration). The market is witnessing entry of new players and focus of several institutes on R&D in tooth regeneration. Increasing commercialization of potential products is expected to boost growth of the tooth regeneration market.
Several institutes and universities are focused on conducting R&D to understand the viability of various approaches such as stem cell-based regenerative medicines, laser technology, and drug and gel as mediums to regenerate teeth in tooth regeneration. For instance, Wyss Institute at Harvard University is focused on R&D in tooth regeneration using lasers. Dental pulp stem cells, stem cells from human exfoliated deciduous teeth (SHEDs), periodontal ligament stem cells (PDLSCs), stem cells from apical papilla (SCAPs), and dental follicle progenitor cells (DFPCs) are some major stem cells under research for use in tooth regeneration.
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Increasing incidence of tooth loss and growing importance of aesthetic appeal among the populace are major factors boosting growth of the global tooth regeneration market. Key players in the market are also focused on product development and approval to expand their product portfolio. Early entrants in the market are expected to accumulate major market share from first mover advantage. Use of conventional invasive methods such as dental implants and root canal in treatment of dental cavities and other issues is painful. Therefore, increasing advancement and commercialization of non-invasive methods such as tooth regeneration is expected to lead to replacement of dental implants. For instance, a 2009 nationwide survey by the Nova Southeastern University in the U.S. revealed that around 96% of dentists expect stem cell regeneration to dominate the future of dentistry industry.
Various macroeconomic factors also impact growth of the tooth regeneration market. Increasing spending on dental care is further expected to contribute to growth of the tooth regeneration market. For instance, the global dental care expenditure is expected to rise at 5% annually between 2016 and 2024. Moreover, favorable demographic trends, commercial insurance, and Medicaid insurance are also aiding in growth of the market.
The global tooth regeneration market is expected to be pegged at an astounding 5,980 million dental implant procedures by 2027 and is expected to witness a CAGR of 8.5% during the period 2019 – 2027. However, commercialization of the products is expected to take place post-2024.
Increasing geriatric population is expected to contribute to growth of the market
The geriatric segment is expected to hold dominant position in the tooth regeneration market throughout the forecast period. The segment accounted for 66.8% of the market share in terms of revenue in 2015. According to NIH, geriatric population have average 18.9 remaining teeth. Around 23% of geriatric population have no teeth. Such scenario offers lucrative growth opportunities for market players. Over 18 million dental procedures are expected to be carried out among geriatric population between 2017 and 2027. The market is expected to witness significant growth post commercialization of tooth regeneration products. The markets in North America and Europe are expected to collectively account for major share in the market by 2027.
The market in Asia Pacific is expected to account for the largest market share in terms of revenue post 2020
Asia Pacific is expected to hold dominant position in the global tooth regeneration market over the forecast period. The market growth is majorly driven by increasing demand for tooth regeneration and dental procedures in China and India positioned as the major growth engines. The market in Asia Pacific is expected to witness the highest CAGR of 10.9% between 2019 and 2027. Moreover, increasing healthcare spending and growing geriatric population is expected to aid the market in Asia Pacific to surpass that of North America and Europe.
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Key players in the market are focused on investment in R&D to expand their product portfolio
Key players in the global tooth regeneration market are focused on R&D and commercialization of products to expand their product portfolio. Market players such as Straumann and DENTSPLY are also collaborating with major universities for product development. In 2015, researchers at University of Southern California (U.S) created gel to regrow enamel. Use of nano particles is a growing trend in the market. Various institutes such as Nova Southeastern University, Tufts School of Dental Medicine, University of Southern California, Wyss Institute at Harvard University, University of Nottingham, and Institute National de la Sante et de la Recherche Medicale (France) are focused on developing tooth regeneration technology. Several products that are in developmental stage are expected to be launcged after 2024. Majority of market players are focused on enamel regeneration. For instance, Unilever UK developed ‘Regenerate Enamel Science’. The company holds 5 international patents for its NR-5 technology. The brand claims to regenerate 82% of the eroded enamel within 3 days.
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