The Global Dental Consumables Market Outlook 2020 is poised to register a CAGR of 5.8% and is predicted to reach USD 28.34 billion by 2024.
The prominent players in the global Dental Consumables market are Straumann, 3M, Straumann, KERR Corporation, Patterson Dental, GC orthodontics, EnvisionTEC, American Orthodontics, Dentsply Sirona, Septodont, PLANMECA OY, Nobel Biocare (Part of Danaher Corporation) and Others
Owing to the growing prevalence of dental and oral diseases induced by unhealthy eating practices and sedentary lifestyles, the global dental consumables market has seen a substantial increase. As a result of the overall developments in dentistry methods embraced and practiced by dental practitioners worldwide, the dental consumables market has thus flourished. Dental consumables, however, are commonly used in dental procedures today. The demand for dental consumables in healthcare and life science is projected to expand amid the saturation in developing nations.
The crucial factors driving the market growth are the rise in dental operations, growing geriatric population, increasing dental tourism, and increase in demand for cosmetic dentistry services. In addition, the growing geriatric demographic is also responsible for business growth. At a certain age, the teeth are unable to carry out chewing tasks successfully, and day-to-day tasks require care.
The lack of knowledge of dental care and counterfeit goods, however, is expected to impede market development. In addition, the lack of awareness of developed countries and counterfeit goods and the growing activity of the grey market is likely to impede market growth.
The global dental consumables market has been segmented into type and region.
- Based on the type, the market has been segmented into dental implants, dental prosthetics, dental regenerative material, dental restorative material, and others. Dental implants hold the largest market share, with 24.4% in the global dental consumables.
- Regional Analysis
The region-based global demand for dental consumables is split into the Americas, Europe, the Asia-Pacific, and the Middle East and Africa.
During the prognosis period, the Americas is expected to dominate the global demand for dental consumables. Any of the key driving forces for market growth are the growing prevalence of dental diseases, technical advances, and increasing knowledge of dental procedures.
During the projected era, the European dental consumables market is predicted to be the second-largest. The development of the economy in this area is projected to increase the geriatric population and the government's healthcare spending in the area.
In addition, market-based firms prioritise corporate alliances and mergers and acquisitions, which are supposed to create optimal opportunities for the development of market growth.
Because of the availability of a wide patient pool, the rising geriatric population and the the incidence of dental diseases have boosted business growth, Asia-Pacific is expected to be the fastest-growing market. In addition to this, the number of research activities in the area has increased by developing healthcare facilities. In comparison, Japan accounted for a market share of 20.33 percent in 2015 in the Asia-Pacific region.
In addition, due to inadequate access to healthcare services, the Middle East & Africa market is projected to experience steady expansion.
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