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.
Download Exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=554
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.
Supported by Heavy Investments in Oral Healthcare Facilities, Europe Set to Retain Leadership
Despite these restraints, the global opportunity in dental consumables is likely to register a healthy CAGR of 5.70% during the period from 2015 to 2023. In 2014, the market’s opportunity stood at US$16.5 bn and it is estimated to increase up to US$27.5 bn by the end of the forecast period.
Europe is expected to remain the dominant dental consumables market throughout the forecast period, increasing its value share from 40.8% in 2014 to 41.6% by 2023. Heavy investments in oral healthcare facilities are projected to boost the market’s growth over the coming years. Asia Pacific will also witness robust rise in the demand for dental consumables in the near future due to the cost-efficient oral care services offered here.