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(Medical-NewsWire.com, September 18, 2018 ) Global dental industry has undergone a drastic transformation over the last decade. Teeth are among the most important part of human beings, which helps in performing various activities ranging from feeding to articulation to that of esthetics, loss of which could led to physical and psychological issues. As such, many advancements have been made in the past to cater to growing dental issues among patients, including denatures and dental implants. Though major advancements has been made in the field of dentistry, emotional connect with natural teeth and high attributes of natural teeth has led to attention on development of biologically engineered teeth (tooth regeneration). Various new companies have emerged at the global level to address and capitalize on highly lucrative opportunities in the market. Industry leaders and universities across regions are actively working towards developing novel products and solutions to develop new teeth. Once commercialized, tooth regeneration market is expected to capture much of the dental implants market.
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Research are carried out by various universities and companies to understand the feasibility of stem cell based regenerative medicines – tooth regeneration. While stem cell is the prominent technology in research for tooth regeneration, some institutions are also leveraging laser, drug and gel as mediums to regenerate teeth. For instance, Wyss Institute at Harvard University is engaged in research related to tooth regeneration using lasers. Tooth generated using stem cells are currently under research across the globe. Dental pulp stem cells, stem cells from human exfoliated deciduous teeth (SHEDs), periodontal ligament stem cells (PDLSCs), stem cells from apical papilla (SCAPs), dental follicle progenitor cells (DFPCs) are key stem cells on which research are carried out.
Tooth regeneration market industry players are expected to witness increase exponential increase in their revenue. Early entrants are expected to gain significantly from first mover advantage. The market is expected to be primarily driven by high tooth loss prevalence coupled with focus of major players on product innovation and need for aesthetic look among target population. Dental cavities and issues are treated with conventional invasive methods such as dental implants and root canal. Development of non-invasive methods such as tooth regeneration would be a major breakthrough innovation and would replace dental implants. 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.
Tooth regeneration market revenue is expected to be further driven by various macroeconomic factors. Various regulatory issues coupled with increasing spending on dental healthcare is expected to further support growth of tooth regeneration market growth. Favorable demographic trends along with expansion of commercial insurance and Medicaid insurance represents favorable market environment for growth of dental products, including those undergoing research. Moreover, global dental care expenditure is expected to rise at 5% annually between 2016 and 2024.
The global tooth regeneration addressable market is expected to be pegged at an astounding 4,633.3 million dental implant procedures by 2024 and is expected to expand at a CAGR of 7.1% during the period 2016 – 2024. However, commercialization of the product is expected to take place post-2024.
Global Tooth Regeneration Market, By Application:
Enamel
Dentin
Pulp
Global Tooth Regeneration Market, By Population Demographics:
Geriatrics
Middle Aged
Adult
Others
Global Tooth Regeneration Market, By Geography:
North America
Europe
Asia Pacific
Latin America
Middle East
Tooth regeneration market has been abuzz for a while with various new developments reported, commercialization of which is expected to transform whole dental industry. Though the development in tooth regeneration has been on upward growth trajectory since 1980s, it gained momentum post-2013. Many research institutes are focusing on conducting studies to understand the feasibility of tooth regeneration. While Asia Pacific is expected to dominate the addressable market, North America and Europe are expected to witness early launch of tooth regeneration products in near future. Asia Pacific market is expected to expand at the fastest CAGR, followed by Latin America and Middle East, respectively over the forecast period (2016-2024).
With changing dental industry landscape, companies are emphasizing on product innovation in order to sustain and expand their business reach worldwide. Tooth regeneration is one such disruptive technology wherein early entrants are expected to capture major share of the dental market. Moreover, commercialization of tooth regeneration will lead to slowdown in the dental implant and equipment landscape. As such, tooth regeneration industry will dominate the whole dental market. Though the tooth regeneration holds immense potential to generate high ROI and at same time benefit society, high R&D cost and stringent regulations are key challenges being faced by the industry players. Tooth regeneration is expected to be commercialized on large scale post-2024.
North America and Europe are expected to lose position to Asia Pacific by 2020. It is primarily attributed to increasing healthcare spending coupled with significant geriatrics population presence in Asia Pacific.
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