Thanks to the growing awareness among people regarding oral hygiene, the demand for dental consumables has been witnessing a remarkable rise. The global opportunity in dental consumables was valued at US$16.5 bn in 2014, which is likely to increase at CAGR of 5.70% from 2015 to 2023 and reach US$27.5 bn by the end of 2023.
The demand for dental consumables is also rising on account of the growing aesthetic consciousness of people across the world. The increase in the disposable income of individuals has augmented their spending power, propelling their interest in facial beauty, which also reflects in their dental care.
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Crowns and Bridges to Witness Highest Demand
Dental implants, periodontics, orthodontics, endodontics, dental crown and bridges, and dental biomaterials are the key dental consumables available in the global market. Crowns and bridges are the highest demanded products among these consumables. Their demand, in the coming years, looks undying, increasing at a CAGR of 7.0% during the period from 2015 to 2023.
Crowns made of ceramic fused to metal report the highest demand among various types of crowns due to appropriate esthetic results, better mechanical properties, and suitable biological quality required for periodontal health. However, owing to the high cost associated, their demand is expected to decline in the near future. Instead, the popularity of ceramic crowns will rise tremendously in the next few years.
Dental implants are also showing prominence, second only to crowns and bridges. Their increasing usage in place of chipped or missing teeth, caused by injuries, accidents, or diseases is anticipated to fuel their demand over the coming years substantially. Mostly, titanium and zirconium are utilized in the fabrication of dental implants, among which titanium dental implants held a share of more than 90% in 2014.
Europe to Remain Leading Regional Market for Dental Consumables
Regionally, the market for dental consumables spreads across North America, Europe, Asia Pacific and the Rest of the World. Europe has been leading the global market since the last few years and is likely to remain dominant in the near future. The increased investments in oral healthcare facilities in European countries is expected to augment the demand for these consumables significantly in the coming years. The opportunity in the Europe dental consumables market is projected to increase from US$6.7 bn in 2014 to US$11.4 bn by 2023.
Asia Pacific, however, will emerge as the fastest growing regional market for dental consumables at a CAGR of 6.0% between 2015 and 2023. The advent of dental tourism in Asia, specifically in India and China, is projected to boost the demand for dental consumables remarkably in this region over the next few years. Apart from this, the rise in spending power of people, together with the increasing awareness regarding dental hygiene among them, is also expected to give a rise to the usage of these consumables in Asia Pacific in the nearing future.
Ivoclar Vivadent AG, Danaher Corp., Henry Schein Inc., Nobel Biocare Holdings AG, 3M Health Care Ltd., Institut Straumann AG, Patterson Co. Inc., Septodont, Ultradent Products Inc., Zimmer Biomet Holdings Inc., and DENTSPLY Int. Inc. are the major manufacturers of dental consumables across the world.
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