Dental Consumables Market Snapshot
According to Market Research Future (MRFR), the global dental consumables market is projected to amass a significant market value of USD 28 345.3 million, growing at a CAGR of 5.8% by 2024.
The growing incidence of dental diseases, along with the rise in the geriatric population, is estimated to be one of the most significant factors driving the global dental consumables market 2020. Further, increasing awareness about oral hygiene and growing dental tourism is anticipated to augment the market size.
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The emerging economies are predicted to play an important role in expanding the dental consumables market owing to the favorable policies provided by the government. Moreover, there are ample of untapped opportunities in the emerging economies, which offer a conducive environment for market expansion. In addition, the surging global demand for cosmetic dental consumables is projected to shoot up the market growth trajectory in the coming period.
On the other hand, the expenses associated with dental products is anticipated to hamper the market growth. However, the ongoing technological advancements, along with R&D, to counter the impeding factor is projected to drive the market significantly.
Dental Consumables Market Key Players
The renowned players of the global dental consumables market are
- KERR Corporation
- GC orthodontics
- Patterson Dental
- Dentsply Sirona
- American Orthodontics
- PLANMECA OY
- Nobel Biocare (Part of Danaher Corporation)
Dental Consumables Market Segmentation
The segment evaluation of the global dental consumables market is done by type.
The type-based segments of the global dental consumables market are dental regenerative material, dental implants, dental restorative material, dental prosthetics, and others. The dental implants are projected to acquire the largest market share by procuring 24.4% of it.
Dental Consumables Market Regional Analysis
Based on the region, the global dental consumables market is segmented into North America, Asia-Pacific, Europe, and the Middle East and Africa.
As per the analysis, the global dental consumables market is estimated to be dominated by the Americas. The growing awareness about the oral hygiene, and the increasing dental disorders are projected to be the most significant factors driving the regional market. In addition, the presence of established key players is predicted to fuel the regional market additionally. Further, the rising dental disorders is likely to augment the market substantially during the forecast period.
The second position is projected to be acquired by Europe. The growing geriatric population with increasing dental disorders are predicted to augment the regional market at a fast pace. Further, the growing healthcare expenditure allotted by the government of various countries, and the crucial participation of key players are likely to propel the market expansion during the review period.
The APAC region is projected to take the third position. However, APAC is likely to be the fastest-growing region during the forecast period. One of the most significant factors predicted for exponential market growth is the growing geriatric population with the increasing incidence of dental disorders. Further, the presence of developing economies like India, China, and Japan are anticipated to have untapped opportunities, which are projected to accentuate the market size considerably. Also, the fast adoption, and integration of the latest technologies in the healthcare sector is likely to fuel the regional market.
The MEA region is predicted to acquire the least dental consumables market share during the review period. The region is lagging behind owing to the presence of sluggish economies. Lack of awareness, and poor healthcare infrastructure are likely to deter the regional market. However, the participation of Middle East countries like Kuwait, Saudi Arabia, and others are estimated to boost the regional market owing to their economic stability.
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