Dental space in the Asia Pacific is largely impacted by the reimbursement scenarios, particularly in Japan, and regulations laid by the governments of various countries. Reimbursement scenario varies according to country, which continues to remain instrumental in driving sales of dental restorative supplies in Asia Pacific, says Fact.MR report. Dental insurance scenario in the Asia Pacific (APAC) region, particularly in China and India, does not include all dental services, which has resulted in a significant out-of-pocket cost for patients. However, in Japan, few insurance companies offer dentistry medical treatment special contracts that cover pontics, implants and crowns. This factor is likely to spearhead the demand for dental restorative supplies in Japan, making it a lucrative regional market in the Asia Pacific.
Fact.MR foresees that the demand for dental restorative supplies in Japan is projected to expand at a robust CAGR of 5.2% in terms of value during the forecast period, 2018-2028. Moreover, rising number of dental clinics and growing inclination toward aesthetics and cosmetics in dental treatment is expected to push the dental restorative supplies sales in the country. In addition, macroeconomic factor such as surging ageing population in the country is expected to support the growth of dental restorative supplies market in the years to follow.
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Sales of dental restorative supplies are likely to gain momentum in emerging economies of China and India on the back of growing incidences of dental caries, especially among children. In addition, rising percentage of smoking population and tooth replacements owing to high accident rate in India has propelled the use of dental restorative supplies. Greater China is expected to remain on the vanguard of sales of dental restorative supplies, making it a highly attractive market after Japan in the Asia Pacific, says Fact.MR report. Moreover, presence of local players and penetration of international players such as 3M Company, Shofu Inc., and Henry Schein Inc., involved in dental restorative supplies market in the Asia Pacific is expected to auger well for the growth of the market in the region.
Increasing investments in the dental space are likely to fuel the adoption of dental restorative supplies during the forecast period. Growing edentulous population that is more inclined toward using dental cosmetic procedures and unanchored dentures is poised to fuel the demand for dental restorative supplies, particularly composites and impression material. Increasing burden of oral diseases on the global front is expected to influence the growth of the market for dental restorative supplies in the coming years.
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Sales of composite dental restorative supplies are estimated to be on an upswing on the back of their high durability quotient. Moreover, they also come in different shades in turn favoring the compatibility quotient with the aesthetic needs of the customer, which has pushed their sales since the past few years. Impression material is expected to witness a relatively high demand with increasing indirect restorative procedures, says Fact.MR report. The demand for impression material is projected to expand at a high value CAGR of 5.7% during the forecast period, consequently supporting the growth of the dental restorative supplies market.
Overall, the prospects for dental restorative supplies are expected to remain bullish and manufacturers of dental restorative supplies can expect a significant momentum in the coming years with increasing consumer inclination toward dental aesthetics.
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