Market Size Estimation:
This study’s market size estimations and predictions are the result of combining a top-down (evaluation of utilization/adoption/penetration trends, by product, by application, by end user, and region) and bottom-up (segmental analysis of important segments) methodology.
Projected Revenue Surge, Globally:
The dental consumables market is expected to increase at a compound annual growth rate (CAGR) of 9.5% from 2022 to 2027, from an anticipated $35.3 billion in revenue in 2022 to $55.7 billion by that time.
Major Growth Driving Factors:
Europe held the biggest market share in 2021, followed by North America. The primary reasons propelling the growth of the European dental market are the expanding awareness of oral health, the quickly expanding target population, the growing importance of dental aesthetics, and the abundance of market participants providing dental products.
Data Triangulation:
Following the determination of market size, various segments of the global market were identified. Data triangulation and market breakdown processes were used when appropriate to finish the entire market engineering process and obtain the precise statistics for every category.
Download PDF Brochure@
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=699
Driver: An increase in dental caries instances and the ensuing need for tooth repair methods
In the past ten years, the global burden of several dental illnesses, including cavities, edentulism, and other periodontal diseases, has increased exponentially. In addition, it was discovered by the American Association of Oral and Maxillofacial Surgeons (AAOMS) that every year, around 69% of individuals in the 35–44 age range lose at least one permanent tooth as a result of trauma, gum disease, or decay.
Dental caries, or tooth decay, can affect people of any age, and in recent years, the frequency of missing and decaying teeth (DMT) has increased worldwide. The Global Burden of Disease Study (2019) estimates that 3.5 billion people globally experience oral health problems, including 2 billion individuals with caries of the permanent teeth and 520 million children with primary tooth decay. The Centers for Disease Control and Prevention (CDC) released data showing that 64.9% of persons over the age of 18 had a dental exam or cleaning in 2019.
Challenge: Leading market participants are under pressure to reduce prices.
One of the biggest obstacles facing the market’s leading participants is pricing pressure since falling product prices force businesses to absorb higher production expenses. Big businesses have made a name for themselves on the international scene. But breaking into the neighborhood market is quite difficult. This is a result of products in the domestic market costing less than those in the global market. Dentures range in price from $300 to $1,400 in industrialized nations like the US and the UK to 60–70% less in nations like Mexico, Costa Rica, and India. Companies such as Shandong Huge Dental Material Corporation (China), Jilin Sino-dentex Co., Ltd. (China), VIPI Produtos Odontológicos (Brazil) and Prevest Denpro Limited (India) provide dental laboratories and dentists with discounted and competitively priced dental restorative materials and equipment.
Opportunity: Growing attention to new markets and increased levels of disposable income
In most underdeveloped nations as well as certain wealthy nations, like the UK and Germany, dental implants are not widely used. Due to the high expense of dental implant treatments and a shortage of trained dental practitioners, large and rising economies like China and India have low adoption rates for dental implants. Only 15-20% of the 1.2 million practicing dentists worldwide, according to Institut Straumann, carry out implant treatments; the countries with the highest implant penetration rates are South Korea and Italy. Players in this area have a lot of opportunities because of the unexplored market potential in these regions.
Positive government actions and policies also draw a number of industry participants to these markets. For example, India’s reduction of the 16 percent customs tariff on dental products to 8 percent has created opportunities for foreign competitors. Additionally, the number of privately operated dental clinics in China has increased as a result of government deregulation and relaxing of requirements for the establishment of private healthcare facilities. These kinds of government programs in developing nations will promote the use of cutting-edge technologies like CAD/CAM systems and premium restoration supplies and equipment. The market in these countries is anticipated to see significant growth opportunities due to the introduction of advanced restoration products and digital systems, as well as training workshops for dental practitioners and dental laboratory professionals to ensure efficient use of the advanced equipment and restoration products.
Request Sample Pages@
https://www.marketsandmarkets.com/requestsampleNew.asp?id=699
Europe to dominate the dental consumables market during the forecast period
Europe is the largest regional market for dental consumables with respect to market share in 2021. The growing geriatric population, increasing government expenditure on oral healthcare, and the growing number of group dental practices are the key factors driving the growth of the dental consumables market in Europe.
Key Players:
Prominent players in the dental consumables market include Institut Straumann AG (Switzerland), Envista Holdings Corporation (US), Dentsply Sirona (US), Zimmer Biomet Holding Inc. (US), 3M Company (US), COLTENE Group (Switzerland), Mitsui Chemicals (Japan), GC Corporation (Japan), Septodont Holding (France) and Ivoclar Vivadent (Liechtenstein).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
