Market Synopsis of North America Dental consumables Market
Dental Consumables belong to a category of products that are used on patients by dental practitioners or dentists in order to treat and/or perform procedures associated with preventive, restorative, diagnostic and emergency oral health issues.. Dental consumables industry has flourished as a result of the overall advances in the dentistry techniques adopted and practiced by dental professionals worldwide.
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The various repairs and preventive care associated with oral health of the ever growing population in America has consistently added to the growth of dental consumables market in this region. According to the American Dental Association, in 2014, 52.3% of adults reported to visit the dentist every six months, 15.4% reported once per year, and 11.0% reported once every two to three years. These statistics imply the extent at which the numbers of dental procedures are carried out worldwide and this number is increasing with rapid growth in the population all over the world. This evidence suggests the expected usage of dental consumables in the said field.
The North Americas dental consumables market is expecting a healthy growth during the forecasted period. The major driving factors for the growth of the market are increasing prevalence of dental diseases, increasing number of dental procedures and rising geriatric population. Moreover, increasing government support for research & development, rising healthcare expenditure and development in the technology have fuelled the growth of the market. Poor reimbursement policies and grey market of dental distribution may, however, slow the growth of the market during the forecasted period.
The North America dental consumables market is expected to reach USD 5,290.9 million by 2023, and the market is projected to grow at a CAGR of ~ 6.0 % during the forecast period 2017-2023.
- Dental implants segment commanded the largest market share in 2016 and is expected to reach USD 2,103.9 million by the end of 2023. Furthermore, dental implants segment is expected to be the fastest growing market which is expected to grow at a CAGR of 6.5 % during the forecast period 2017-2023.
- U.S commanded the largest market share of North America dental consumables market in 2016. This market is expected to reach USD 1,570.0 million by 2023, at a CAGR of 7.0 % during the forecast period of 2017-2023
- North America dental consumables manufacturers & suppliers
- Research and development (R&D) companies
- Hospitals and clinics
- Academic institutes and universities
The North America dental consumables market has been segmented on the basis of type.
Based on the type, the market has been segmented as dental implants, dental prosthetics, dental restorative material, and dental regenerative material.
The U.S accounts for a significant market share owing to high expenditure on the health care. Additionally, the fastest uptake of new products in the U.S drives the dental consumables market. Concentration of the major healthcare companies in the developed countries of this region coupled with large insurance penetration is also adding fuel to the market growth. Moreover, the U.S expend high amount on its healthcare, which accounts for 16% of total GDP, that also increases the sale in dental consumables market.
U.S has been a fast growing market when it comes to dental consumables. The population in the countries representing this region seems to be the most conscious when it comes to oral health. People living in this region avoid compromising on their oral health. In the U.S, most people are health conscious and they pay more attention to dental health, which allows them to invest more in dental treatments owing to the awareness regarding overall dental health and oral appearance. The overall cost of most of the dental procedures in the U.S has increased. The North American market for dental consumables is expected to reach USD 5,290.9 million by 2023 and is expected to grow at a CAGR of 6.0% during the forecast period from 2017-2023. Increasing geriatric population, rising number of procedures, and increasing prevalence of the dental diseases have driven the growth of the market in the recent past.
Key Players in the North America Dental consumables Market
Some of the key players profiled in the report are Institut Straumann AG, Henry Schein, Inc, Patterson Dental Supply, Inc., Dentsply Sirona, Kerr Corporation, Danaher Corporation, GC orthodontics, Planmeca Oy, and American Orthodontics, and others.
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