PORTLAND, Oregon and PUNE, India, January 22, 2018 /PRNewswire/ --
According toa 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
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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:
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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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.
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SOURCE Allied Market Research
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