The North America Dental Consumables Market is growing with a rapid pace. According to a recent study report published by the Market Research Future, the North America Dental Consumables Market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2023, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017-2023).
The North America Dental Consumables Market is expected to reach USD 5,290.9 million by 2023, and the market is projected to grow at a CAGR of ~ 6.0 % during the forecast period 2017-2023.
Dental Consumables are a category of products that are used on patients by dental practioners or dentists in order to treat and /or perform procedures associated with preventive, restorative, diagnostic and emergency oral health issues. Factors such as increasing prevalence of dental diseases and rising number of dental procedures are the major drivers for the market growth. According to the American Dental Association, in 2014, 52.3% of adults reported to visit the dentist in every six months, 15.4% reported once per year, and 11.0% reported once every two to three years. Moreover, according to the Centres for Disease Control and Prevention, in 2014, 19% of the children aged 5-19 years and 31% of adults aged 20-44 have untreated dental caries. Additionally, growing geriatric population is fuelling the market growth. However, poor reimbursement policies and gray market of dental distribution are estimated to restrain the market growth during the forecast period. According to the National Coalition on Health Care, in 2012, American families spent an average of USD 9,000 on out-of-pocket health insurance and other medical costs like co-pays and deductibles.
North America Dental Consumables Market – Key Players
Some of the key players profiled in the report are Institut Straumann AG, Henry Schein, Inc, Patterson Dental Supply, Inc., Dentsply Sirona, Kerr Corporation, Danaher Corporation, GC orthodontics, Planmeca Oy, and American Orthodontics, and others.
North America Dental Consumables Market – Key Findings
- Dental implants segment commanded the largest market share in 2016 and is expected to reach USD 2,103.9 million by the end of 2023. Furthermore, dental implants segment is expected to be the fastest growing market which is expected to grow at a CAGR of 6.5 % during the forecast period 2017-2023.
- U.S commanded the largest market share of North America dental consumables market in 2016. This market is expected to reach USD 1,570.0 million by 2023, at a CAGR of 7.0 % during the forecast period of 2017-2023
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North America Dental Consumables Market – Competitive Analysis
Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.
In August, 2016- Henry Schein announced that it will acquire 80% ownership of Marrodent, which is a full service dental distributer of Poland, thus marking Henry Schein’s entry into the dental market of Poland.
In July, 2016- Kitron signs supply agreement with Dentsply Sirona. This agreement will add Kitron as a new supplier for Dentsply Sirona.
In April, 16- Straumann acquired 51% residual ownership of Neodent. This deal augments Straumann’s presence in the tooth replacement sector in the Latin American region and Brazil, which is the second largest market for implant dentistry.
In February, 16- Septodont signed an agreement with Egalet Corporation, a specialty pharmaceutical company, for exclusive marketing rights to promote Sprix nasal spray to the dental market in the United States.
In May, 16- Knifeless Tech Systems was acquired by 3M. The business acquired is an installation tool used to cut self-adhesive films applied to vehicle wraps.
In February, 16- Septodont acquired DLA, an injectable dental anaesthetic manufacturing plant from Dentsply International.
In February, 16- DENTSPLY International Inc. and Sirona Dental Systems, Inc. Announce Completion of Remaining Regulatory Milestones for Proposed Merger.
North America Dental Consumables Market – Regional Analysis
Regionally, North America is divided into the U.S. and Canada. The U.S. is estimated to lead the North America Dental Consumables Market owing to high expenditure on the health care within the region. Moreover, the fastest uptake of new products in the U.S drives the dental consumables market. Additionally, concentration of the major healthcare companies in the developed economies of this region coupled with large insurance penetration is also adding fuel to the market growth.
North America Dental Consumables Market – Segments
The North America dental consumables market has been segmented on the basis of type.
Based on the type, the market has been segmented as dental implants, dental prosthetics, dental restorative material, and dental regenerative material.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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