Global Dental Wax Market – Overview
The global dental wax market is growing mainly due to the rising prevalence of dental problems. According to a recent study report published by the Market Research Future, the global dental wax market is booming and expected to gain prominence over the forecast period. The market is forecast to demonstrate a stable growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
Dental wax is a mixture of multiple type of waxes with synthetic additives, used most commonly in dentistry for the sizing, casting, and mapping of dental structures and jaw relations, in laboratory work, and as lubricants to avoid friction associated with braces and other implants.
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Dental wax is an opaque hydrophobic material, which is produced with the help of petroleum and vegetable sources that softens on being pressed or heated. Self-setting dental waxes are preferred for the purpose of mapping dental structures while manufacturing of dental caps, and custom sized implants. The softer dental waxes are used to get rid of discomfort caused by different orthodontic implants such as braces, wires, etc.
They are also helpful in case of irritation occurred due to rubbing of the tooth arch wire or brace against the cheek. The synthetic materials, used in dental applications, such as silicon based waxes, have however encroached on the natural sources. A different type of additives are added to amend their physical properties to make them more suitable for their intended use. The important characteristic of dental waxes are their melting point, and flow properties. The better melting range, and flow improve the product quality which causes the market to rise due to increased demand.
Notably, rising awareness of dental problems, and rising aging population, is the key factor driving the dental wax market.
Older adults are facing some dental issues after a certain age such as dental carries, oral cancer, tooth loss, periodontics, Xerosthomia (dry mouth), and many others. Hence, increase in the aging population can strongly impact the growth of the market. As per the statistics presented by the United Nations Population Fund (UNPF), the world will witness a rise in the percentage of ageing population globally, people aged 60 or more constitute to around 12.3% of the world population currently which is likely to go up to around 22% by the year 2050.
Other push factors such as, increasing use of dental fixtures and treatments, increasing penetration of dentistry in the healthcare, increasing dental procedures, growing dental tourism, and increasing cosmetic dentistry treatments, technological advancements, and rising approval from regulatory bodies are also fuelling the dental wax market growth.
Despite these drivers, discomfort due to hydrophobic nature and reduction in mouth movements are likely to affect market negatively are expected to decline the dental wax market growth.
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And Bracon Dental are some of the prominent players at the forefront of competition in the Dental Wax market and are profiled in MRFR Analysis.
Global Dental Wax Market – Competitive Analysis
The global dental wax market is currently dominated by few players.
Kerr Corporation is one of them by holding a strong share in the market. The company produces and supplies a wide range of dental products. The product portfolio of company includes blue inlay casting wax, boxing wax, dipping wax, disclosing wax, miscellaneous waxes, occlusal indicator wax, orthodontic tray wax, sticky wax, ultra-waxer 2, and various others. On November 28, 2016, Kerr Corporation announced the launch of Harmonize, a next generation universal composite infused with ART.
Carmel Industries Inc. is another market player. The company operates in two major product lines i.e., markers and waxes. The product portfolio of company includes modelling wax, chrome cobalt wax, sculpturing wax, and others.
Global Dental Wax Market – Regional Analysis
Globally America is the largest market for dental wax due to the rising burden of dental problems, and increasing healthcare expenditure. According to the CDC report, the total health expenditure in the United States, in 2015, was reported to be USD 3.2 trillion and the hospital care accounted for a share of 32.3%.
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