Dental Consumables Market Revenue, Business Opportunities and Forecast Worldwide by Key Manufacturers
Worldwide Market for
Dental Consumables to Capture a CAGR of 6.5% Between 2016 and 2024
As per
the recent study conducted by Market Research Future (MRFR), the global dental
consumables market is expected to increase at a compound annual growth rate of
6.5% during the forecast period (2016-2024). Advanced in dental treatment
methods has reflected favourably on the global dental consumables market. This
market has continued to evolve over the past several decades with new
ingredients replacing the traditional dental consumable materials.
Introduction
of infection control products, prostheses, endodontic and orthodontic products
and prostheses made the Dental Consumables
Market highly dynamic. Dental
procedures and treatment have come a long way, becoming more defined and
distinct. Similarly, dental consumables have also improved, and new products
are coming up on a frequent basis. They are used for diagnostic, preventive,
and restorative dental procedure. The rapid expansion of dentistry all over the
world is a key factor driving the growth of the market.
Demand
dental repair and preventive cares is higher than ever before. At the same
time, emergence of new specialized branches such as pedodontics, orthodontics,
prosthodontics, maxillofacial surgeons, endodontics, periodontics and dental
surgical instruments market.
These branches offer specific dental care required by the patient. The
aforementioned factors are having a positive impact on the market. In addition,
factors such as increased incidence of dental disorders and rising geriatric
population is creating lucrative market opportunities. At the same time,
increase level of awareness regarding oral hygiene, rise of dental tourism and
increased R&D efforts are also substantiating the market growth. There has
been quick uptick in cosmetic procedures, which is opening new windows of
opportunities for market players. In emerging countries, significant steps are
being taken to spread awareness about dental hygiene. Nonetheless, the high
cost of dental products hampers their penetration in developing countries. The
awareness level is lower in many of the third-world countries, which is
hindering the commercial opportunities for various types of dental products in
these countries.
Global Dental Consumables
Market: Competitive Landscape
Some of
leading companies currently operating in the global dental consumables market
include Straumann, KERR Corporation, EnvisionTEC, American Orthodontics,
Dentsply Sirona, Henry Schein, Patterson Dental, Planmeca OY, GC orthodontics,
Septodont, 3M and Nobel Biocare (Part of danaher corporation).
This MRFR
report includes a thorough segmental analysis of the market based on type and
region.
Based on
type, the market is segmented into dental prosthetics, dental
regenerative material, dental implants, dental restorative material and others.
By
region, the market has been segmented into the Middle East & Africa
(MEA), Asia Pacific (APAC), Europe, and Americas. Of these, the market in
Europe holds standout status. Demand for oral care products is strong in
Europe, which makes it an important investment destination for market players.
Further, it is also home to a number of major market players. Advanced dental
material such as superior restoration materials and biomaterials are likely to
find lucrative commercial opportunities in Europe. Other factors that can be
linked with the market’s exponential growth Europe are presence of a large
patient pool, rising geriatric population and high healthcare expenditure.
North holds the second spot in the global and is expected to present
significant opportunities for players in the years to come. Meanwhile, the
market in Asia Pacific is projected to witness a relatively higher growth
during the forecast period. In APAC, countries such as India and China are
likely to emerge as major market for dental consumables.
Increased
life expectancy worldwide and desire to maintain a youth-full look are driving
the demand for various types of cosmetic dental procedures. People are more
conscious about there their appearance as it plays a major role in influencing
self-confidence, hence a number of consumers are spending on oral
beautification. Furthermore, development of technologies such as CAD/CAM has
taken dental aesthetics surgeries to a whole new level. These cutting-edge
technologies are not effective but also pocket friendly. Customer confidence on
such technologies is on the rise owing to their improving outcomes.
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