Market Research Future published a research report on North America Dental Consumables Market Reserch Report – Forecast Up To 2023. Report provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
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 Consumables are a category of products that are used on patients by dental practioners or dentists in order to treat and /or perform procedures associated with preventive, restorative, diagnostic and emergency oral health issues. Factors such as increasing prevalence of dental diseases and rising number of dental procedures are the major drivers for the market growth. According to the American Dental Association, in 2014, 52.3% of adults reported to visit the dentist in every six months, 15.4% reported once per year, and 11.0% reported once every two to three years. Moreover, according to the Centres for Disease Control and Prevention, in 2014, 19% of the children aged 5-19 years and 31% of adults aged 20-44 have untreated dental caries. Additionally, growing geriatric population is fuelling the market growth. However, poor reimbursement policies and gray market of dental distribution are estimated to restrain the market growth during the forecast period. According to the National Coalition on Health Care, in 2012, American families spent an average of USD 9,000 on out-of-pocket health insurance and other medical costs like co-pays and deductibles.
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Key Players for Global North America Dental Consumables Market
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 are some of the prominent players at the forefront of competition in the North America Dental Consumables Market and are profiled in MRFR Analysis.
Characterized by the presence of several well-established and small players, the North America Dental Consumables Market appears to be highly competitive and fragmented. International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.
Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.
Regional Analysis for Global North America Dental Consumables Market
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.
- 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
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Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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