Global Dental Consumables Market is expected to grow at a CAGR of 6.89% during the forecast period from 2019-2026
A new research report published by Fior Markets with the title Dental Consumables Market by Product (Implants, Prosthetics, Orthodontics, Endodontics, Infection Control, Others), End User, Regions, and Global Forecast 2019-2026.
As per the report, the global dental consumables market is expected to grow from USD 26.93 Billion in 2018 to USD 45.89 Billion by 2026, at a CAGR of 6.89% during the forecast period from 2019-2026. The Europe region dominated the global dental consumables market with a 39.45% share of market revenue in 2018. However the Asia Pacific region is anticipated to grow at the highest CAGR of 8.97% over the forecast period.
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Major players in the global dental consumables market are Straumann Holding AG, Danaher Corporation, Dentsply Sirona, 3M Company, Henry Schein, Inc., Kuraray Co., Ltd., Geistlich Pharma AG, Ivoclar Vivadent AG, GC Corporation, Mitsui Chemicals Inc., Keystone Dental, Inc., BEGO GmbH & Co. KG, Young Innovations Inc., and Septodont Holding, and Zimmer Biomet Holdings, Inc., among others. Global increase in geriatric population is leading to a steady demand for the dentures. Thus effectively serve this vertical major players increasingly launching newer and innovative products. For instance in 2019, Formlabs announced the launch of 3-D printed dentures. These directly 3-D printed dental prosthetic are tested at length with dental technicians.
The product segment is divided into implants, prosthetics, orthodontics, endodontics, infection control, dental restoration, periodontics, whitening products, finishing & polishing products, and others. Based on the factors such as technological advancements in orthodontic products, presence of a large number of patients with malocclusions, and the growing awareness among customers about advanced orthodontic treatments, the orthodontics segment is projected to grow at an accelerated CAGR of 8.91% over the forecast period. End user is segmented into dental hospitals and clinics, dental laboratories and others. The dental hospitals and clinics segment led the global dental consumables market with a 63.49% share of market revenue in 2018. This increased market share can be attributed to the factors such as global increase in number of people undergoing dental treatment as well as growth of cosmetic dentistry.
Even though the factors such as advancements in the dental implant techniques, growing prevalence of dental diseases as well as rise of cosmetic dentistry are driving the global dental consumables market. The high cost of treatment, cap on reimbursement associated with the dental treatments and paucity of skilled dentists are the factors that are expected to restrain the growth of the market over the forecast period.
About the report:
The global dental consumables market is analysed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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