Dental Consumables Market Information: By Type (Dental Implants, Dental Prosthetics, Dental Restorative Material, Dental Regenerative Material) – North America Forecast till 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.
The regional market banks heavily on the tactical moves initiated by companies which generally includes new product launch, merger, collaboration, acquisition, and other methods. For instance, Institut Straumann AG got hold of 30% of the total share of its biomaterials partner Botiss medical AG. Dentsply Sirona recently acquired OraMetrix to improve their technological platform which is bound to better the North America dental consumables market.
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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.
Industry Trend :
The North America dental consumables market is getting several new product launches that are taking the market ahead. For instance, OraCare has recently launched a blend of activated chlorine dioxide, and xylitol which can by eliminating bacteria, viruses, fungi, biofilm, and volatile sulfur compounds (VSCs) ensure the longevity of dental implants by stopping it from contracting peri-implantitis.
Kerr Rotary’s new KaVo Kerr Carbides has unique plating technology that can increase cutting efficiency by decreasing friction, clogging, and chair time. This can also take the impact the North America dental consumables market assertively.
Key Players :
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 are some of the prominent players at the forefront of competition in the North America Dental Consumables Market and are profiled in MRFR Analysis.
Characterized by the presence of several well-established and small players, the North America Dental Consumables Market appears to be highly competitive and fragmented. International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.
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.
Regional Analysis :
The North America dental consumables market has the U.S. to lead who have invested heavily in their healthcare sector and is reaping the benefits of that now. The region never shies away from new products owing to which new products find solid ground in the region. At the same time, major companies have their bases in the country, and insurance companies are working profoundly to promote healthy living. The budget for health care in the U.S. holds 16% of the total GDP which can be taken as a signifier for the increasing sale of the dental consumables market. People in the region are concerned about their overall health and are quite ready to spend for their health which resultantly boosts dental consumables market. The U.S. market is expected to touch USD 1,570 million by 2023 at 7% CAGR during the review period.
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Some Brief Table of Contents of Report
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
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued…
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