Transparency Market Research
(TMR) has published a new report titled, ‘Dental Consumables Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global dental consumables market was
valued at US$ 23,718.0 Mn in 2018 and is projected to expand at a CAGR of 5.4%
from 2019 to 2027.
Overview
·
Dental consumables are assistive dental medical
devices that are used in treatment of various dental disorders such as for the
treatment of dental impairments, for dental restoration, and dental implant
procedures.
·
Dental consumables primarily comprises of dental
implants, crowns and bridges, dental biomaterial, orthodontics, endodontics,
and periodontics.
·
The rise in global dental tourism induced by low
labor costs, low fixed infrastructure costs and minimum government intervention
in emerging economies such as India, Hungary and Turkey, has led to the rise in
demand for dental consumable products in these nations.
·
The major growth driver for the dental
consumables market in developed countries such as the U.S., Australia, the U.K.
and Germany; includes introduction of government initiated dental reforms such
as The Comprehensive Dental Reform Act, 2012 along with other growth
attributors such as global aging population and rise in demand for cosmetic
dentistry.
·
Asia Pacific is likely to be a highly lucrative
market for dental consumables and it is expected to expand at a high CAGR
during the forecast period
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Rise in Dental Tourism Induced
by Low Labor Costs to Drive the Market Growth
·
Dental tourism is a collateral service meant to
provide patients with cost-effective oral treatments in developing economies
such as India, Turkey, and Hungary. It is widely practiced to attract patients
from developed economies, who prefer traveling abroad in search of low-cost and
high-quality oral treatments.
·
Dental tourism is flourishing due to low labor
costs, low fixed costs, and minimum government intervention in the health care
industry in developing economies. For example, root canal treatment starts from
US$ 550 in the U.S., while it costs only US$ 110 in Turkey, US$ 69 in Hungary,
and US$ 60 in India.
Crowns & Bridges Segment
Accounted for Significant Market Share
·
In terms of product, the global dental
consumables market has been segmented into dental implants, crowns and bridges,
dental biomaterials, orthodontics, endodontics, periodontics, retail dental
care essentials and others. Crown and bridges market is estimated to be the
largest and fastest growing segment during the forecast period.
·
Within the dental crowns and bridges segment,
the ceramic fused to metal is the major product to drive the crowns &
bridges market. Changing demographics and increase in demand for CAD/CAM for
prosthetics are expected to create growth opportunities in the crowns &
bridges segment. Various materials used for construction of crowns and bridges
include ceramic crowns, ceramic/porcelain fused to metals (PFM), and metal alloys.
Ceramic crowns are gaining popularity, as people are more concerned about the
esthetic values pertaining to oral hygiene.
·
Dental implants reported to be the second
leading segment is assessed to be an emerging trend among people with missing
teeth due to accidents, disease, and injuries. Dental implants are mostly made
of titanium and zirconium. Over the relatively short history of dental
implants, titanium was determined to be the choice material for implant
designs. Titanium, when installed correctly, could withstand the workload of
the human jaw similarly to the natural tooth.
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North America to Dominate
Global Market
·
In terms of region, the global dental
consumables market has been segmented into North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa. Europe dominated the global dental
consumables market in 2018, followed by North America.
·
One of the key factors attributed to the growth
of the dental consumables market in the region is funding of oral health care
facilities in major countries. In 2012, a report titled “The State of Oral
Health in Europe” indicated that over 50% of the population of Europe was
expected to be diagnosed with some of the periodontal diseases, which were
relatively higher among people aged above 60 years.
·
The Dental Consumables market in Asia Pacific is
anticipated to expand at a high CAGR during the forecast period due to
deregulation of dental care services in countries such as India and China is
driving the market in the region. Deregulation refers to the removal of any
acts or laws by the government in order to promote private participation. This
has led to the emergence of new and improved private clinics that offer
assured, quality services.
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Competitive Landscape
The global dental consumables
market is highly fragmented in terms of number of players providing different
products. Key players in the global market include 3M Health Care, Danaher
Corporation, DENTSPLY Sirona, Henry Schein, Inc., Institut Straumann AG,
Ivoclar Vivadent AG, Patterson Companies, Inc., and Zimmer Biomet Holdings,
Inc. Expansion of product portfolio through mergers and acquisitions is a key
strategy followed by these players.
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