The global “dental materials market” size is projected to reach USD 8.06 billion by the end of 2027. Recent technological advancements have emerged in favour of market growth. According to a report published by Fortune Business Insights, titled “Dental Materials Market Size, Share Industry Analysis, By Type (Metallic Biomaterials, Ceramic Biomaterials, Polymers, Natural Biomaterials, and Others), By Application (Implant, Prosthetics, and Orthodontics), By End User (Dental Product Manufacturers, Dental Laboratories, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 5.40 billion in 2019 and will exhibit a CAGR of 5.2% during the forecast period, 2020-2027.
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Company Mergers are an Increasing Trend Among Major Businesses across the World
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions, owing to the massive potential held by dental materials across the world, will contribute to the growth of the overall market in the coming years. Several large scale companies are focused on acquiring SMEs with a bid to maximizing the resources of both the companies and subsequently establishing a wider consumer base. In September 2018, Henry Schein, Inc. announced that it has completed the acquisition of Intra-lock. The company possesses an exceptional range of dental restoration solutions and through this acquisition Henry Schein will gain access to the company’s excellent portfolio. This acquisition will not just benefit the companies but will also have a direct impact on the growth of the global market.
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