Dental consumable market is valued at $18.5 billion for the year 2015 and is poised to reach $21.6 billion by the end of 2020 at a CAGR of 3.1%. Dental tourism is the backbone of a booming medical tourism industry.
The Global Dental consumables market is valued at $18.5 billion for the year 2015 and is poised to reach $21.6 billion by the end of 2020 at a CAGR of 3.1%. Dental tourism is the backbone of a booming medical tourism industry.
One of the main factors driving the dental consumables market is the shifting subtleties of patient's choice and upsurge in the demand for cosmetic dentistry. Dental practicing as well as dental consumables market has been affected by the recent rise in demand for cosmetic procedures.
Generally, dental consumables are used for the treatment of dental disorders such as problems associated with gingival tissues, tooth restoration and dental impairments.
The Global Dental Consumables market can be segmented Dental Burs, Whitening Materials, Dental Anaesthetics, Dental Biomaterials, Dental Syringes, Dental Prosthetics and Endodontics. And by End Users the market is Segmented into Hospitals, Research and Academic Institutes & Forensic labs.
The market is expected to be dominated by the orthodontics market essentially due to the growing popularity of cosmetic dentistry. The crowns & bridges segment accounts to nearly quarter of the market with the market for ceramic CAD/CAM - which forms a section within the crowns and bridges market - exhibiting remarkable expansion during the forecast period.
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Furthermore, on the basis of Geography, it is analysed under North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Europe generates highest revenue in the market compared to all other regions due to the presence of several market leaders in this region.
The American dental-service economy generates roughly $60 billion per year in patient fees and practice activity, an amount that has been growing due demographics and patient behaviour as well as technology and dental-care access.
Emerging markets also will be significant as the global economy develops and affordability unlocks success for dental consumables. Increasing wealth will reinforce the performance of the premium segment of dental consumables in these markets as well.
In the meantime, simpler and more standardized treatment protocols will lessen chair time and encourage market growth in developed countries.
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Escalating medical and dental Tourism in developing countries, Increase in aging population, mounting demand for Cosmetic Dentistry, Dental implant penetration rate, government-supported dental reforms in developed countries, global economic growth are the key factors driving the growth of the market. However, lack of awareness among the people regarding the available technologies in the market, dearth of proper reimbursement policies by governments and inflexible regulatory framework are the major challenges blocking the growth of the market.
DENTSPLY International Inc. is the market leader with a remarkable share of the dental consumables market. This can be credited to the companys wide-ranging product portfolio.
Some of the key players in the global dental consumables market include, Biomet 3I, 3M ESPE Dental Solutions, Henry Schein, Inc., Kerr Corporation/Sybron Dental Specialties, Nobel Biocare, Ivoclar Vivadent Ag, Patterson Companies, Inc., Septodont, Ultradent Products, Zimmer Dental, Straumann, Danaher, Sirona, GC Corporation, Heraeus Dental and Align Technology
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