January 10, 2020
Permanent cements are projected to remain the product of choice, pipping temporary cements by 20% in 2020. The sales of permanent cements are expected to witness an exponential rise during the forecast period, as these offer high quality and long-term restoration of inlays, crowns, orthodontic bands, and bridges over temporary cements. Also, the expanding base of licensed dentists would make dental care more accessible to patients, in turn, improving the sales performance of dental cements.
However, stringent scrutiny of products by central authorities extends approval times, and, in turn, significantly increases developmental capital for players in the dental cements market. This, in tandem with already high production costs of dental implants, would negatively impact the growth pace of the dental cements market during the forecast period (2020-2025). On the back of these influences, a recent study finds that, the dental cements market holds the potential to record a value tantamount to US$ 1.2 Bn by 2025.
Key Takeaways of Dental Cements Market Study
A seasoned analyst opines, “Introduction of nanomaterials will offer product innovation opportunities to manufacturers in the dental cements market. Incorporation of nanomaterials with existing materials will lead to better quality of cement materials for dental applications.”
Strategic Acquisition to Remain Default Move to Tap Untapped Dental Cements Markets
The dental cements market is characterised by consolidation, with global players accounting for nearly 50% of the total share. To further strengthen their position, these players resort to the acquisition of local and regional players to tap new dental cements market opportunities. A leading player—3M—strives to increase investments in developing countries such as Brazil, Mexico, China, Turkey, Panama, Poland, and the ones in Southeast Asia through distribution partnerships.
Another Player-Danaher Corporation-focuses on the acquisition of prominent players to expand its application scope. For instance, the acquisition of Nobel Biocare Holding AG was aimed at strengthening the company’s position in the dental equipment and consumables market. Besides this, the company is set to commit to a long-term engagement with China, rather than merely focus on sales opportunities, as China is proving to be a lucrative market.
These insights are based on a report on Dental Cements Market by Fact.MR.