Dental Consumables Market: Amplifying Smiles, Gearing Up for a US$ 72.6 Billion Valuation by 2033
The global Dental Consumables Market is expected to be worth US$ 42.0 billion in 2023, rising at a 5.6% CAGR to US$ 72.6 billion by the end of 2033. According to a recent Future Market Insights study, restorative products will account for approximately 29.6% of the global dental consumables market in 2022.
Excessive use of sugary and starchy foods and beverages, as well as rising unhealthy eating patterns and changing living standards, are some of the primary factors impacting the expansion of the dental consumable market in today’s world. Dental Consumables and care supplies let us carry out our daily responsibilities while maintaining dental hygiene requirements. They are used to treat periodontal disease, tooth decay, gingival tissue difficulties, dental impairments, and dental caries.
Implants, prostheses, braces, crowns, impression materials, and other items are examples of Dental Consumables. According to the WHO Global Oral Health Reports (2022), over 3.5 billion people worldwide suffer from oral problems, with three out of every four of these persons living in poverty.
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Key Opportunities in the market :
Because of advancements in dental consumable product research and development, the market is expected to provide an attractive view. Increased teeth whitening products are expected to create significant market opportunities in the next years.
Because of the growing cosmetic dentistry business, the market for Dental Consumables used in teeth whitening is developing.
The progress of nano-dentistry will further fuel growth. Nanotechnology has the ability to speed up bone development. As a result, hydroxyapatite-reinforced nanomaterials have undergone extensive testing and experimentation, and doped variants of them have been used as therapeutic agents to deliver drugs locally to specific areas of the body without inducing an immune response.
Regional Insights :
With vast advancements in the research and development sectors as a result of high investments, strong infrastructure, the presence of multiple private and public organisations, and higher acceptance rates for technologically advanced products, the United States holds a global market share of approximately 24.5% in 2022, and is expected to maintain this level throughout the forecast period.
The excessive consumption of junk food, as well as an unhealthy lifestyle, such as smoking, contributes to the greater adoption rate.
Over the projection period, China is expected to develop at a CAGR of 6.7% in the East Asian market. The increased public awareness of oral hygiene is fueling the expansion of the Chinese dental business.
Germany now owns a 9.9% worldwide market share and is predicted to grow at a CAGR of 6.1% over the forecasted period.
The top companies in the market for Dental Consumables are purposefully broadening their distribution channels for their goods and services. The market is partially fragmented because of numerous global companies acquiring regional level players. The market players are focused on developing and launching technologically improved products, which can be affordable as well.
•The Colgate-Palmolive Company has made significant investments in the Chinese, American, and Asian markets since 2014. The business signed a contract to purchase two skin care brands, PCA Skin and EltaMD, in 2017 in order to focus on high-margin oral care and personal care industries.
•Keystone Dental and Paltop Advanced Dental Solutions came to an agreement to join on January 4, 2019. A result of the combination will be one of the most effective precision machining operations in the world, cutting-edge end-to-end digital implant dentistry solutions, and an incredibly high-quality product portfolio that offers clinician users a compelling return on investment.
With several competitors in the production of compression therapy products, the overall market is partially fragmented. Key players such as 3M Company, Ivoclar Vivadent, Ultradent, Harvard Dental GmbH, are adopting new strategies like collaborations, launch of new high -tech products and partnerships to promote their products.
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the Dental Consumables) market in its latest study, presenting a historical demand assessment of 2016 to 2022 and projections for 2023 to 2033. The global Dental Consumables market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
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Key Segmentation :
Crowns & Bridges
Cements & Liners
Teeth Whitening Gels & Strips
•Dental Aspiration Products
oMouth Rinse Cups
•Syringes & Hypodermic Needles
Dental Irrigation Cannulas
•Other Dental Consumables
•Group Dental Practices
•Ambulatory Surgical Centres
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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