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$34.50 Bn expected for Global Dental Consumables Market at 6.5% CAGR by 2021

Dental Consumables Market
Dental Consumables Market

Global Dental Consumables Market worth to gain $34.50 bn by 2021, according to new statistics released by the Zion Market Research, the market research group.

The dental consumables market has made significant progress from the use of traditional materials to advanced digitalized treatment methods in the 21st century. Dental consumables include the wide variety of products which are used on patients in order to treat dental impairments, for tooth restoration and in the treatment of associated gingival tissues. The major factors which are influencing the growth of the global dental consumables market in the 21st century include self-awareness, the increase in life expectancy across the globe and the rising demand for cosmetic dentistry worldwide.

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Globally, dental consumables market has been accelerated due to a sudden rise in global geriatric population in both developed and developing countries. Moreover, rising dental tourism or preference of economical countries for dental treatment is also one of the factors which are directly responsible for fueling the growth of dental consumables market. Furthermore, rising incidences of dental caries and other periodontal diseases coupled with an increase in disposal income are considered as the key driving factors for the growth of dental consumables market. However, high costs and limited reimbursement for dental care are the major restraints for the growth of dental consumables market. Nonetheless, low penetration of dental implants in developing countries is considered as a major opportunity for the growth of global dental consumables market.

Based on product type, the global dental consumables market is segmented into seven types: dental implants, dental crowns and bridges, dental biomaterials, orthodontics, endodontics, periodontics and others. Dental biomaterial was the leading segment in terms of revenue generation in 2015 in product type segment. Dental biomaterials include the natural tissues and biocompatible synthetic materials that are used to restore decayed, damaged or fractured teeth. Natural dental tissues include enamel, dentin, cementum, bone, and other intraoral tissues. The high growth in this segment can be attributed to higher utilization of the restoration product in geriatric population and edentate’s population.

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Based on geographies, the global dental consumables market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. These segments are further sub-segmented into the U.S., U.K., Germany, France, China, Japan, India, and Brazil. Europe accounted for the largest market share of the global dental consumables market in terms of revenue followed by North America. This growth is attributed due to increase in the aging population, rising demand for the advanced dental procedures, increase in governmental expenditure on oral healthcare across Europe followed by North America. Moreover, dental consumables market has a huge opportunity in the emerging markets of Asia Pacific due to increasing standard of living, large patient base followed by huge population base. Furthermore, the Asia-Pacific market is projected to grow at the highest CAGR during the forecast period owing to rising geriatric population, continuous technological innovation, and increase medical tourism in countries such as South Korea, India, and China.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global dental consumables market include Zimmer Biomet Holdings, Inc., 3M Company, Ultradent Products, Inc., Young Innovations Inc., Mitsui Chemicals, Inc., GC Corporation, Henry Schein, Inc., BioHorizons and Dentatus USA Ltd.

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