The global zirconia based dental materials market is experiencing significant growth due to the increasing demand for cosmetic dentistry. Zirconia ceramics are widely used in dental restorations such as dental crowns, bridges, dentures, inlays and onlays owing to their superior esthetic properties and biocompatibility. Zirconia has excellent mechanical strength which makes it suitable for single unit crowns and long span bridges. In addition to strength and esthetics, zirconia restorations have exceptionally good translucency which allows for lifelike appearance of natural teeth.

The growing geriatric population worldwide suffering from dental problems has increased the demand for zirconia based dental materials significantly. According to WHO, the number of people over the age of 60 is projected to reach 2 billion by 2050 from 900 million currently. Older people are more susceptible to tooth loss and dental caries due to decreased immunity. This rising number of aged population pool is expected to drive the demand for zirconia based crowns, bridges and dentures over the forecast period.

 

The Global Zirconia Based Dental Materials Market is estimated to be valued at US$ 361.47 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in the zirconia based dental materials market are Adidas AG, Nike Inc., Columbia Sportswear Company, Honeywell International Inc., Puma SE, New Balance Athletics, Michael Kors Holdings Ltd, Jack Wolfskin GmbH & Co, Bata Limited, Deichmann SE, Deckers Outdoor Corporation, The Aldo Group, and Skechers U.S.A.

The geriatric population around the world is growing rapidly. According to WHO, by 2050, over 16% of the world’s population would be over 65 years of age. This rapidly expanding aging demographic is expected to fuel the rising demand for zirconia based dental crowns, bridges and dentures over the forecast period.

Leading market players are increasingly focusing on emerging markets for future growth opportunities. Geographic expansion into high potential regions such as Asia Pacific and Latin America will allow companies to leverage the benefits of low labor and raw material costs while catering to the rising demand in these regions.

Market Drivers
Increasing preference for cosmetic dentistry is a key driver augmenting the Global Zirconia Based Dental Materials Market. Zirconia ceramics have high aesthetic appeal, biocompatibility, mechanical strength and excellent translucency mimicking natural tooth structure. These advantages have made zirconia the preferred choice among patients and dental practitioners for dental prosthetics and restorations. Another important factor driving the market is rising geriatric population base worldwide which are prone to oral diseases related to age. Projected growth in the aging demography poised to fuel demand for zirconia dental crowns, bridges, dentures globally over the forecast period from 2024 to 2030.

The current geopolitical tensions between Russia and Europe are impacting the growth of the zirconia based dental materials market. Russia is a major supplier of zirconium used in these materials. With sanctions in place due to the ongoing conflict, European countries face disruptions in supply of this important raw material. This has significantly driven up zirconium prices globally. Dental material manufacturers are facing rising input costs which they are passing on to customers in the form of higher product prices. This inflationary pressure threatens to slow down market adoption rates over the forecast period from 2024 to 2030. Industry participants need to look at diversifying raw material sourcing away from politically volatile regions and also focus on developing cost effective alternatives or substitutes to zirconium. Collaborating with suppliers in more stable supply markets like Australia can help mitigate geopolitical risks to some extent in the long run.

North America dominates the zirconia based dental materials market in terms of value currently. This is attributed to factors like the large base of dental clinics and labs, advanced dental healthcare infrastructure, rising cosmetic and restorative dental treatment demand from an aging population. Europe is another major regional market driven by similar demographic and economic conditions. However, as mentioned earlier, ongoing tensions with Russia pose challenges. The Asia Pacific region is expected to be the fastest growing market during the forecast period. This can be attributed to rapidly developing economies, a surge in medical tourism, growing dental awareness and rising discretionary spending on dental care in countries like China, India and other Association of Southeast Asian Nations (ASEAN) countries. With rising incomes and expanding dental insurance coverage, the Asia Pacific market is estimated to attract significant investments from global players seeking new growth avenues.

 

Get More Insights On This Topic: https://www.trendingwebwire.com/zirconia-based-dental-materials-market-are-estimated-to-witness-high-growth-owing-to-advanced-dental-technologies/