Dental Consumables Market
Dental Consumables Market (Product - Dental Implants, Crowns and Bridges, Dental Biomaterials, Orthodontics, Endodontics, Periodontics, Retail Dental Care Essentials, and Dental Consumables) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Press Release :
Dental Consumables Market: Overview
Rising efforts to promote dental tourism in healthcare sectors of many countries is pegged to fuel the growth of the global dental consumables market during forecast period. Some of the key countries that are opening new growth avenues through dental tourism are Hungary, India, and Turkey. There is growing inclination in major population in the world to get treatment from countries like India. Key reason behind this shift is cost-effective treatment plans in these counties. As a result, the growing dental tourism is driving the demand for products from the global dental consumables market.
In recent times, the worldwide population is more conscious and inclined toward getting superior and effective dental treatment. This is one of the key factors pushing the demand for products from the dental consumables market. The valuation of global dental consumables market in 2015 was approximately US$19.6 bn. The market is foreseen to demonstrate stupendous growth and reach to the valuation of around US$33.4 bn by the end of 2020. Thus, the market is projected to show significant growth at CAGR of 6.1% during the forecast period of 2016–2024.
The study performs the segmentation of the dental consumables market on the basis of product and geography. Major services included in dental consumables are related gingival tissues, tooth restoration, and dental impairment treatments.
Europe to Maintain Leading Position and Offer Lucrative Avenues
The global dental consumables market is spread across numerous regions. Europe, Latin America, North America, Asia Pacific, and Middle East and Africa are some of the key regions supporting the market growth. Of them, Europe represents itself as one of the key markets. Presence of a huge number of older population in this region signifies the potential for rising demand and thereby stupendous growth of dental consumables market.
Europe is witnessing rising issues associated with the oral health. This aside, there is increased awareness regarding dental care among wide range of population in this region. As a result, the region is projected to maintain its prominent position in the global dental consumables market.
Rising Demand from Emerging Economies Stimulates Market Growth
The dental consumables market is expected to witness promising growth avenues in the emerging economies. In many developing countries such as China and India, the cost of dental treatment and healthcare services is relatively very low. Major reason attributed to this scenario is availability of oral healthcare services at affordable prices. As a result, Asia Pacific is witnessing rising number of people taking dental treatments. This situation has triggered the demand for dental consumables market. In recent years, there is considerable increase in the disposable incomes of people living in Asia Pacific. This factor is allowing a major population to spend extra bucks on oral healthcare and thus stimulating the growth of the dental consumables market.
The governments of many countries have reduced intervention in the work process of healthcare companies. This factor is working as a driver for the growth of the global dental consumables market. Besides, access to advanced dental care services at relatively lower labor costs is one of the important factors supporting the market growth.
Crown and Bridges Segment to Gather Highest Revenues
On the basis of product, the global dental consumables market is bifurcated into dental implants, dental crowns and bridges, endodontics, dental biomaterials, periodontics, retail dental care essentials, and orthodontics. Of them, the crown and bridges segment is projected to be successful in maintaining its dominance during forecast period. The main purpose of crown and bridges is to give protection to the damaged tooth parts. Besides, dental procedures carried out by using crown and bridges offer a natural look to tooth. This is one of the key factors pushing the demand for crown and bridges.
Growing cases related to oral health issues are driving the dental consumables market growth. Besides, incorporation of advanced technologies including CAD and CAM is helping dental healthcare sector to offer superlative services to end-users. This factor is stimulating the growth of the global dental consumables market. Continuously increasing worldwide older population, growing awareness cosmetic dentistry, and improved disposable incomes of people across the world are some of the key reasons contributing to the growth of the dental consumables market.
Growth in Research Activities Driving Market Growth
The competitive landscape of the global dental consumables market is fairly fragmented. Many key vendors are pegged to execute strategic moves to maintain their strong market position. Some of the key strategies supporting the growth of the dental consumables market are increasing numbers of mergers, acquisitions, partnerships, and collaborations.
Numerous vendors in the global dental consumables market are increasing investments in the research activities. This effort is helping them to offer superior quality products. Besides, key players are chasing various strategic moves to contend with the increasingly growing competitive landscape. Rolling out innovative and technologically advanced products is one of the key strategies that will stay at the top of the list among key players of dental consumables market during forecast period.
The list of key companies working in the global dental consumables market includes DENTSPLY International, Inc., Institut Straumann AG, Patterson Companies, Henry Schein, Inc., 3M Health Care, and Ivoclar Vivadent AG.
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: