The global dental consumables market is growing rapidly mainly due to the technological advancements that took place in the dental industry. Though the integration of technology & consumables in dental practices is not a new trend and in fact, it goes back to decades, the uptake of consumables has been increasing over the past few years, which is boosting the growth of the dental consumables market.
Furthermore, factors such as the broad adoption of dental consumables along with the increasing geriatric populace, and common dental disorders & surgeries are driving the growth of the market.
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Considering the ascending graph, the market is climbing continually, Market Research Future (MRFR) in its recently published analysis asserts that the global dental consumables market poised to touch a valuation of USD 28,345 MN by 2024, posting approximately 7 % CAGR throughout the forecast period (2016 – 2024).
Additional factors such as the broad uptake of advanced dental consumables are propelling the growth of the market, offering lucrative opportunities to the market players. Besides, factors such as the proliferation of the Internet and smart connected devices act as a major tailwind pushing up market growth.
Simultaneously, the market penetration of smartphones along with the uptake of various mobile applications are fostering the growth of the market. Furthermore, factors such as the uptake of dental consumables and the increasing applications of these consumables in the related market, products, and services are positively impacting the market growth, targeting more users for branding solutions.
The sale of dental consumables is forecasted to upsurge, especially in small and medium setups. On the other hand, dental consumables are costlier in developing as well as underdeveloped nations. Hence, factors such as the high cost and operational complexities of these consumables are expected to impede its market growth, restricting its uptake.
Global Dental Consumables Market – Segments
For enhanced understanding, the market has been segmented into two key dynamics: –
By Type : Dental Prosthetics, Dental Implants, Dental Restorative Materials, Dental Regenerative Materials, and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Dental Consumables Market – Regional Analysis
The European region, heading with the well-spread awareness among people towards oral health, dominates the global dental consumables market. Moreover, factors the increasing per capita healthcare expenditures led by the resurging economy and the proliferation of healthcare sector in the region. Countries such as Italy, Germany, and the UK support the growth of the regional market on a large scale.
The dental consumables market in the North American region accounts for the second -largest market, following the European market, closely. Factors impacting the growth of the market, positively, include the increasing digital advancement in medical technology and the uptake of advanced technologies. The US, heading with the high healthcare expenditures into the dental segment supports the regional market, majorly.
The Asia Pacific dental consumables market has emerged as a profitable market, increasing rapidly. Factors such as the burgeoning dental treatment markets, especially in India & China, backed by the vast population and the large unmet clinical needs propel the growth in the regional market.
Demonstrating substantial growth opportunities with the increasing technological advancements in untapped markets; the APAC dental consumables market is projected to grow at approximately 7% CAGR throughout the estimated period (2016-2024). Furthermore, Thailand, Vietnam, and Malaysia are estimated to contribute to the growth of the regional market significantly.
Global Dental Consumables Market – Competitive Analysis
The dental consumables market appears to be highly competitive and fragmented owing to the presence of several large and small-scale players. These players are adopting strategic initiatives such as partnership, M&A, collaboration, and product/ technology launch to support their business expansion plans. They strive to acquire small but promising companies in emerging markets.
Matured players also invest substantially in R&D activities to develop cost-effective product portfolio and to develop state-of-the-art facilities and a stable marketing network which can help them to gain the leadership position in the market.
Major Players:
Key players leading the global dental consumables market include 3M, Straumann, Septodont, KERR Corporation, GC orthodontics, Henry Schein, Patterson Dental, EnvisionTEC, Dentsply Sirona, American Orthodontics, Planmeca OY, and Nobel Biocare (Danaher Corporation) among others.
Industry/ Innovation /Related News:
March 4, 2019 —- MedX Health Corp. (the US), a leading medical device and software company announced the signing of an agreement with Richmar (the US), a Compass Health Brands Company, to manufacture and supply selected Private Label Laser and Light products in the US rehabilitation market.
MedX is also involved in designing, manufacturing, and distributing quality photo biomodulation therapeutic and dental lasers that provide drug-free and non-invasive treatment of tissue damage & pain. On the other hand, Richmar’s product portfolio includes modalities as electrotherapy, combination, laser, diathermy, ultrasound, and their corresponding consumables.
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