Dental consumables are dental care products, which are employed during various dental procedures such as dental implants, prosthetics, brushes, crows, and others. They are used by patients suffering from various dental disorders such as dental carries, dental impairment, tooth restoration, and in treatment of associated gingival tissues.
The report provides detailed analyses of the top winning strategies, market share & estimations, driving factors & opportunities, key market segments, and competitive landscape. As per the report, the global dental consumables market was pegged at $41.06 billion in 2017 and is expected to garner $55.58 billion by 2023, growing at a CAGR of 5.2% through 2023.
High prevalence of dental diseases among geriatric population, surge in dental tourism across emerging economies, and increase in demand for minimally invasive dental procedures drive the growth of the global dental consumables market. Moreover, increase in awareness about oral hygiene supplements the market growth. However, high cost of dental products along with very limited reimbursement hampers the growth of the market. On the contrary, rise in demand for dental cosmetic procedures and increase in awareness about proper dentition are expected to provide lucrative opportunities for the market players in the near future.
Retail dental care essentials segment accounted for more than three-fifths share of the global dental consumables market in 2016.
Orthodontics segment is expected to grow at a CAGR of 8.2% from 2017 to 2023.
Crown segment accounted for more than two-fifths share of the dental prosthetics market in 2016.
Dental wash solutions segment is expected to grow at a CAGR of 4.5% from 2017 to 2023.
Metals segment accounted for around three-fifths share of the global dental implants & prosthetics market in 2016.
Europe accounted for nearly two-fifths share of the global market in 2016.
Asia-Pacific is expected to grow at the highest CAGR of 7.6% from 2017 to 2023.
North America accounted for more than one-third share of the global market in 2016, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in incidence of dental diseases, growth in geriatric population, rise in patient awareness about the availability of treatment options, and favorable reimbursement framework in the region. In addition, high adoption rate of dental consumables and presence of highly sophisticated healthcare infrastructure are expected to present new growth opportunities to the players in this market.
Asia-Pacific region to manifest fastest growth by 2023 Asia-Pacific region is estimated to register the fastest CAGR of 7.6% through 2023, owing to rise in awareness regarding dental disorders, surge in geriatric population, improved accessibility to medical services, and increase in product availability. However, Europe held the largest market share in 2017, contributing more than one-third of the total revenue, owing to increase in the number of dental restoration cases due to high incidence of dental disorders in the region. The other regions analyzed in the report include North America and Latin America, Middle East and Africa (LAMEA).
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Torchbearers of the market:
The major market players analyzed in the report include 3M Company, Danaher Corporation, Institut Straumann AG, Koninklijke Philips N.V., Procter & Gamble, Colgate-Palmolive Company, Dentsply Sirona Inc., Ivoclar Vivadent, OSSTEM IMPLANT Co., Ltd., and Zimmer Biomet Holdings, Inc.
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