The global sales of dental services in 2021 was held at US$ 326.3 Bn. With 6.6%, the projected market growth during 2022 – 2032 is expected to be significantly higher than the historical growth. Dental Implants is expected to be the highest revenue generating service, accounting for an absolute dollar opportunity of nearly US$ 65.3 Bn during 2022 – 2032.
Consumables for dentistry are used to address ailments like tooth restoration, challenges with gingival tissues, dental impairments, dental caries, and oral illnesses. The size of the global market for dental consumables is increasing as a result of an increase in dental problems. Stringent developments in the field of applied sciences has resulted in advanced solutions to deal with these oral conditions.
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A key principal element propelling the global orthopaedic consumables market is the growing emphasis on physical appearance. Aesthetic and cosmetic dentistry is benefiting from the growing popularity of dental makeovers. However, due to the extremely high costs of procedures and supplies, the facilities are not frequently used by those with middle-class incomes. The absence of sufficient reimbursement policies from the government or medical insurance companies is also anticipated to restrain the market for dental consumables.
According to Fact.MR, in the segment product type, sub-segment dental implants is anticipated to grow tremendously which will conclude to stage opportunities for the emerging as well as established manufacturers. Product launches in under-developed regions can also create plethora of chances for market expansion.
Key Takeaways from Market Study
- The global dental consumables market is projected to expand at an impressive value of US$ 60.8 Billion by 2032.
- The market witnessed 5.5% CAGR for the period of 2017-2021.
- Under end users, dental clinics is anticipated to dominate the market and is valued at US$ 16.7 Billion in 2022.
- Europe dominated the market with 31.3% market share in 2021.
Segmentation of Dental Consumables Industry Research
- By Product Type :
- Dental Implants
- Dental Prosthetics
- Retail Dental Care Essentials
- Other Dental Consumables
- By End User :
- Dental Clinics
- Dental Laboratories
- By Region :
- North America
- Latin America
- East Asia
- South Asia & ASEAN
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The market for dental consumables is partially fragmented in nature as the market is stretched in both regional and worldwide businesses. To get an advantage in the industry, market dominating players are concentrating on innovations and new product releases. Another tactic used by leaders to add precision and accuracy in medicaments is the incorporation of technology like computer-aided design (CAD) and computer-aided manufacture (CAM) into the fields of orthodontics, periodontics, and endodontics.
Another important tactic used by firms to obtain a competitive edge in the dental consumables market is acquisitions and partnerships with other businesses.
- For instance, the advent of the X-Smart IQ digital endodontics ecosystem and app by Dentsply Sirona Endodontics, which aids and directs dental practitioners through each stage of the endodontic procedure.
- Additionally, Dentsply Sirona disclosed the purchase of RTD, a pioneer in fibre endodontic posts globally.
- Canada-based distributor of medical and dental goods Médi-Sélect was purchased by Medline Industries, Inc. in January 2020.
The market for dental consumables is highly fragmented, the market is dominated by regional as well as global manufacturers, including 3M Company ,Colgate-Palmolive Company, Dentsply Sirona, Inc., Institut Straumann AG, Ivoclar Vivadent AG, Koninklijke Philips NV, Osstem Implant Co. Ltd., Procter & Gamble Company, The Zimmer Biomet Dental are competing for market dominance.
Industry giants are attempting to break into the dental consumables market with fresh, creative ideas. Large corporations are also utilising inorganic expansion techniques like mergers and acquisitions to expand their distribution networks in underserved areas and increase their global reach.
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Why does the US, Contributes the Most in Terms of Revenue for Dental Services Market?
North America, specially, the US is known to be the dental services hub of the world; as healthcare is one of the most important component of the country’s GDP. Owing to its well-established Health infrastructure and continuous research and development in the medical field, several global companies choose it as their headquarters. For instance, top companies including Straumann, Envista, Dentsply Sirona, BioHorizons, Zimmer Biomet, Osstem Implant, ACE Surgical, MegaGen and Bicon are all US based companies.
Market in the U.S. reported dental services revenue of nearly US$ 125 Bn during 2021 and growing at a CAGR of 5.7% during the last five years. This is owing to the preventive approach that Americans follow towards oral care and hygiene. Besides, large number of independent clinics and significant research and development activities combined with high disposable income has created a demand surge in the country. The government has also been providing funding to the domestic healthcare infrastructure which will boost demand and increase growth prospects in the future.
Check Out More Related Studies Published By Fact.MR Research:
Dental Lasers Market: The dental lasers market reached a valuation of US$ 241.74 Million in 2021FY, and is likely to register a Y-o-Y growth rate of 7.0% in 2022, closing at US$ 261.56 Million. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 8.2% CAGR, reaching US$ 575.24 Million.
Dental Curing Lights Market: Dental curing lights have low-battery issues which continues to limit their adoption. To overcome this issue, manufacturers are introducing advanced cordless curing lights with superior quality and lon-lasting charging capacity.
Dental Restorative Supplies Market: The global dental restorative supplies market is estimated at USD 5.1 Billion in 2022 and is forecast to surpass USD 8.8 Billion by 2032, growing at a CAGR of 5.6% from 2022 to 2032. The global dental restorative supplies market is likely to create an absolute dollar opportunity of USD 3.7 Billion by the end of 2032. The global dental restorative supplies market holds ~14% of the global dental market.
Dental Amalgamators Market: Dental issues such as toothaches, stained teeth, chipped tooth, sensitivity, hyperdontia, and cavities are common in the today’s world. The treatment for teeth requires serious attention. Progression in dentistry has led to the invention of the dental amalgamator, which is a specially designed machine to triturate or amalgamate an alloy and mercury. Dental amalgamators are used to make amalgam or fillings.
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