Global Dental Consumables Market Expected to Reach $55,584 Million by 2023 - Allied Market Research

Monday, January 22, 2018 Dental News
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PORTLAND, Oregon and PUNE, India, January 22, 2018 /PRNewswire/ --

According to

a new report published by Allied Market Research, titled, Dental Consumables Market by Product: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global dental consumables market was valued at $38,921
million
in 2016, and is projected to reach $55,584 million in 2023 at a CAGR of 5.2% from 2017 to 2023

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Dental consumables are dental care products, which are employed during various dental procedures such as dental implants, prosthetics, brushes, crows, and others. They are used by patients suffering from various dental disorders such as dental carries, dental impairment, tooth restoration, and in treatment of associated gingival tissues.

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The major factors that drive the growth of the global dental consumables market include rise in prevalence of dental diseases, surge in geriatric population, which is prone to tooth loss, increase in awareness towards oral health, and rise in dental tourism. However, high cost of dental products and limited reimbursement policies are expected to restrain the market growth. Conversely, huge untapped market potential in the emerging countries, such as China and India, and high adoption of cosmetic procedures are expected to provide lucrative opportunities to the market players.

Retail care essentials segment occupied the largest share in 2016, followed by dental implants, owing to high usage, applicability, and availability of retail care essential products such as toothbrush, toothpastes, and others. Furthermore, dental prosthetics segment is expected to grow at a high CAGR of 11.2% from 2017 to 2023. This is attributed to increase in number of dental restoration procedures across various regions due to low focus on oral hygiene.

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On the basis of material, the metals segment for dental implants and prosthetics market occupied three-fifths of the market share in 2016, owing to the cost-effectiveness of metal implants & prosthetics and their high availability. The ceramics segment is expected to grow at the highest CAGR of 10.4% during the forecast period.

Key Findings of the Dental Consumables Market: 

  • Retail dental care essentials segment accounted for more than three-fifths share of the global dental consumables market in 2016.
  • Orthodontics segment is expected to grow at a CAGR of 8.2% from 2017 to 2023.
  • Crown segment accounted for more than two-fifths share of the dental prosthetics market in 2016.
  • Dental wash solutions segment is expected to grow at a CAGR of 4.5% from 2017 to 2023.
  • Metals segment accounted for around three-fifths share of the global dental implants & prosthetics market in 2016.
  • Europe accounted for nearly two-fifths share of the global market in 2016.
  • Asia-Pacific is expected to grow at the highest CAGR of 7.6% from 2017 to 2023

North America accounted for more than one-third share of the global market in 2016, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in incidence of dental diseases, growth in geriatric population, rise in patient awareness about the availability of treatment options, and favorable reimbursement framework in the region. In addition, high adoption rate of dental consumables and presence of highly sophisticated healthcare infrastructure are expected to present new growth opportunities to the players in this market.

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About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact: Dhananjay Potle 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: + 44-845-528-1300 Hong Kong: + 852-301-84916 India (Pune): +91-20-66346060 Fax: +1?855?550-5975 help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

SOURCE Allied Market Research

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