Global Dental Consumables Market: Snapshot
Globally, the growing awareness about the better and effective dental treatment has grown the demand for dental consumables market. Moreover, growing dental tourism in countries like India, Hungary, and Turkey has also expand the growth opportunities in the dental consumables market. Services that are included in dental consumables are tooth restoration, related gingival tissues, and treatment for dental impairments. Furthermore, low cost of dental treatments because of less expensive oral healthcare services available in developing economies is also expected to drive the dental consumables market.
Some of the other factors contributing in the growth of the dental consumables market is reducing government intervention in operating healthcare firms and accessibility of improved dental treatment with low labor cost has also benefitted the market growth.
The global dental consumables market is prophesied to rise at 6.1%% of CAGR during the forecast period between 2016 and 2024. The valuation for the market is expected to reach US$33.4 bn by the end of 2020 progressing from US$19.6 bn as estimated in 2015.
Technological Advancements to Benefit Growth of Dental Consumables Market
The report on the global dental consumables market classify on the basis of product that is further divided into dental crowns and bridges, dental implants, dental biomaterials, endodontics, orthodontics, periodontics, and retail dental care essentials. Out of these, the crown and bridges segment is leading the market and is likely to continue its dominance in the coming years. The demand for these devices is high as it provides a protective layer on the damaged part of the tooth. Moreover, technological advancements such as CAD and CAM are also driving the market growth. It is also assumed that rising awareness about cosmetic dentistry, large geriatric population, and improving life expectancy across the globe to benefit market growth. Furthermore, resemblance of getting a natural looking tooth by using crown and bridges is also expected to boost demand in the dental consumables market.
Europe Emerges Dominant Due to Increasing geriatric population
Geographically, the regions in which the dental consumables market is divided are Latin America, Europe, Asia Pacific, North America, and Middle East & Africa. Of these regions, Europe is leading the market due to large geriatric population present in the region. Growing awareness about the dental care and rising concerns related to oral healthcare are expected to keep the region on the forefront in the global dental consumables market.
Countries in Asia Pacific are also expected to rise at a steady rate during the forecast period. This is due to the rising dental tourism in the various countries in Asia Pacific. In addition, rising spending by the middle class in oral healthcare is also expected to boost the demand for this market. The rising disposable income, growing awareness in region about the oral healthcare, and growing easy accessibility of oral healthcare in the region are considered some of the major driving the dental consumables market.
The report has also analyzed some of the prominent players and their contribution to the global dental consumables market. To mention some of the prominent players are Institut Straumann AG, DENTSPLY International, Inc., Henry Schein, Inc., Patterson Companies, Ivoclar Vivadent AG, and 3M Health Care. The leading players in the market are expected to take part in mergers, takeovers, and joint ventures.
Global Dental Consumables Market: Overview
The report analyzes each of the segments in detail for market trends, recent developments, outlook, and opportunities. The market overview section of the report explores market dynamics such as drivers, restraints, and opportunities that currently have strong impact on the global dental consumables market and could influence the market in the future as well. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition between leading market players operating across the globe. Porter’s five forces analysis is also explained in this section to understand the market considering different parameters that have an impact on the sustainability of the companies operating in the market. The report also mentioned about leading players for each of the product segments that dominates the market or expected to emerge in forthcoming years.
All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their respective market shares. The report also profiles major players in the global dental consumables market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments.
Global Dental Consumables Market: Product Segmentation
On the basis of products, the global market is segmented into dental implants, crowns and bridges, dental biomaterials, orthodontics, endodontics, periodontics, retail dental care essentials, and dental consumables. The extensive research conducted for dental consumables market reported that the market for dental crowns and bridges accounted for a lion’s share as well as is expected to grow at the highest CAGR during the forecast period of 2016 – 2024. Crowns and bridges are fixed prosthetic devices which act as a protecting layer/cover for protecting damaged tooth. Introduction of advanced technologies such as CAD and CAM, rising life expectancy of individuals across the globe, and increased awareness about cosmetic dentistry are the major factors supporting the crowns and bridges segment. Based on usage trend and stability of the product, demand for ceramic based crown are gaining popularity owing to high resemblance to natural tooth. Increasing cost of precious metals over the years have considerably affected porcelain fused metal based crowns and bridges market
Global Dental Consumables Market: Regional Outlook
Geographically, Europe accounted for largest share of the market followed by North America, Asia Pacific, Latin America and Middle East & Africa. Financial considerations is among the most important factors influencing patients’ decision to undergo dental treatments in both North America and Europe. Aging of baby boomers segment is a prime attributor for large number of dental laboratories and dental procedures in Europe. Dental tourism is also flourishing in countries in Asia, particularly in India and China, due to the cost effective treatment being offered. These countries not only promote dental tourism, but also outsource doctors and other treatment facilities to keep up with the demand for dental tourism.
Key Players Mentioned in this Report are:
Prominent companies profiled in this report includes 3M Health Care, Danaher Corporation, DENTSPLY International, Inc., Henry Schein, Inc., Institut Straumann AG, Ivoclar Vivadent AG, Patterson Companies, Inc. and Zimmer Biomet Holdings, Inc.
The global dental consumables market has been segmented as follows:
- Global Dental Consumables Market, by Product
- Dental implants
- Dental Crowns and Bridges
- Dental Biomaterials
- Retail Dental Care Essentials
- Other Dental Consumables
- Global Dental Consumables Market, by Geography
- North America
- Asia Pacific
- Latin America
- Middle East and Africa