Dental Industry Market Overview
The most common issue faced irrespective of age factor is dental diseases. Mostly children and aged people are affected and require appropriate dental treatment. The global analysis of the dental industry market states that the market is expected to reach 42.24 billion US dollars by the end of 2027 at a 5.28% CAGR, says Market Research Future (MRFR). The increase in treatment requirements for old age people drives the dental industry market towards progress.
However, the cost of certain dental procedures is costly, which may create a hindrance to market growth. The lack of good and trained doctors may also hinder the dental industry market. The developed countries contribute maximum to the market growth due to the availability of trained and experienced dental doctors. But this factor is missing of found low in developing countries.
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Dental Industry Market Segmentation
The dental industry market can be segmented on consumables, end-user, discipline, and region. According to the consumables category, the market is further divided into dental aesthetics, resin composites, endodontic supplies, denture adhesive, dental burs, dental impression, gingival retraction material, dental biomaterial, and dental syringes. The end-user category consists of hospitals, clinics, dental academic and research centres, and super speciality centres. According to the discipline category, the market is categorized based on oral surgery, endodontics, maxillofacial surgery, prosthodontics, orthodontics, periodontics, restorative dentistry, and cosmetic dentistry. The regional category consists of North America, Europe, Asia-Pacific, and the rest of the world.
Dental Industry Market Regional Classification
When the dental industry market segments are analyzed individually, it is found that the endodontics segment in the discipline category contributes maximum to the market growth. According to the consumables category, the resin composites segment dominates the market. Resin composites are mainly used in the treatment of tooth decay. According to the end-user category, the hospitals and clinics contribute the maximum to the market growth. However, the other segments like super speciality centres are working progressively to contribute to the market growth. According to the regional category, the North American segment dominates the market. This is because of a high number of dental disorders and the requirement for dental procedures.
Dental Industry Market Competitive Outlook
The top dental industry players are 3M (US), Henry Schein, Inc. (US), Dentsply Sirona (US), Allergan plc (US), Coltene Group (Switzerland), to mention a few.
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A lot of research and development activities are conducted by developed countries. Since research and development activities are done there, the number of solutions available for a dental disorder is also more. The people in developed countries are in a position to afford the cost incurred for dental treatment. This feature is missing in developing countries. Hence, a focus on reducing the cost of dental treatment will increase the market. The strict regulations passed by the government concerning the manufacturing of medicines related to dental treatment may also create a hindrance to market growth. Hence, the government should implement good and useful policies in the interest of the common public. These policies help the health care system to work more efficiently. The competition between the service providers forces them to give quality service to the patients, which indirectly helps the market grow progressively.
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