In an increasing, aesthetically focused environment and the increasing problems of tooth loss have considerably boosted the global dental consumable market. According to Market Research Future’s expert market report, the global dental consumables market is set to grow at a CAGR Of 6.5% During The Forecast Period Of 2016 To 2024 and is expected to display an estimated value of USD 28.34 Bn by the end of 2024. The necessity of dental consumables in dental practice and the growing need for dental work are significant factors affecting increased demand for dental consumables.
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The ever-growing worldwide population has led to an increased demand for dental work, with global urbanization and the change in diet which is high in sugars has led to the increasing demand for restorative dental care. With various specializations existing in dentistry including orthodontics, periodontics, prosthodontics, and others in an effort to offer specialized dental care, the materials and special instruments required to offer appropriate and efficient dental services is another key factor positively affecting the size of the dental consumables market.
Increasing cosmetic dental procedures such as veneer applications, and others are expected to drive demand for dental consumables. With dental expenses rising in developed economies, patients are increasingly opting for dental tourism, which is expected to encourage global market growth. Moreover, the presence of a large and growing geriatric population which requires dental care is expected to increase consumption of dental consumables during the assessment period.
Advancements in dental technology and the ongoing development of highly-efficient dental techniques are expected to offer ample opportunity for growth in the coming years.
Prominent key players analyzed in Market Research Future’s report on the global dental consumables market include Nobel Biocare, Dentsply Sirona, 3M, Septodont, Straumann, Henry Schein, KERR Corporation, GC orthodontics, Envision TEC, Patterson Dental and Planmeca OY, among others.
Latest Industry News
Danaher is separating its dental unit into a separate publicly-traded company. Dental co makes dental consumables and equipment and has had revenue of USD 3 bn in 2017.
Den-Mat holdings announced the issuance of a new patent by the US Patent & Trademark Office for it’s like of Snap-On Smile removable dental consumables.
The global dental consumables market is segmented on the basis of type and region. By type, the market is segmented into the dental restorative material, dental implants, dental prosthetics, dental regenerative material and others. Of these, dental implants account for the largest segment due to the increased demand and use of such consumables in light of increased tooth loss and tooth decay among the geriatric population, combined with urban populations poor diets leading to increased dental visits.
By region, the global market is segmented into North America, Europe, Asia-Pacific and the Rest of the World.
Europe leads the global dental consumables market with the largest share and is closely followed by North America. Europe’s leading market position is owing to the high geriatric population in the region with a high requirement for repeat dentist visits. Both Europe and North America have well-established healthcare sectors and a largely urban population. These regions also possess a high geriatric population and have a high adoption of advanced dental consumables in an effort to keep up with advancements in dental care. However, North America, with its inclusion of the US can be exorbitantly expensive for dental work leading the increasing dental tourism to neighboring countries where dental fees are affordable.
The Asia-Pacific is a rapidly growing regional market which is expected to grow at a CAGR of 7% during the forecast period. The presence of a massive patient population which is growing aware of dental care, combined with the rapid growth of the regional healthcare offerings, infrastructure and services are expected to drive dental consumable demand. Moreover, the region is highly popular for medical tourism due to the presence of highly skilled doctors who charge cost-effective fees.
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