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Dental Consumables Market worth USD 35.35 Billion USD by 2021
The report "Dental Consumables Market by Product (Implants, Prosthetics, Orthodontics, Endodontics, Infection Control, Periodontics, Whitening Products, Prophylaxis, Fluorides, Sealants, Splints,) End-User (Hospital & Clinic, Academic, Research) - Global Forecast to 2021", analyzes and studies the major market drivers, restraints, challenges, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World.
Browse 374 market data Tables and 44 Figures spread through 360 Pages and in-depth TOC on "Dental Consumables Market by Product (Implants, Prosthetics, Orthodontics, Endodontics, Infection Control, Periodontics, Whitening Products, Prophylaxis, Fluorides, Sealants, Splints,) End-User (Hospital & Clinic, Academic, Research) - Global Forecast to 2021"
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The dental consumables market witnessed healthy growth during the last decade and is expected to grow at a CAGR of 6.8% between 2016 and 2021 to reach USD 35.35 Billion by 2021. The growth in this market is majorly attributed to factors such as rapid increase in geriatric population, growing dental tourism in emerging markets, rising incidences of dental caries and other periodontal diseases, growing disposable incomes (resulting in increased willingness to spend out-of-pocket), rising demand for cosmetic dentistry, and increasing dental care expenditure.
The global dental consumables market is segmented based on product type, type of end-users, and geography. In recent years, the dental industry is gaining more importance due to increased demand of having specialized products, treatments and procedures to treat dental treatments. In 2015, Dental Restoration segment accounted for the largest share of the global dental consumables market. This segment is expected to witness the highest growth over the next five years. The high growth in this segment can be attributed to higher utilization of the restoration product in geriatric population and edentate’s population. Dental hospitals and clinics segmented accounted for the largest share of dental consumables market, by type of end-users.
Europe is the largest regional segment for dental consumables market owing to the well-established dental market. The largest share of this regional segment is driven by the increase in the aging population, rising demand for the advance dental procedures, increase in governmental expenditure on oral healthcare across Europe, and the high reimbursement rate as compared to other regions. However, the market in the Asia-Pacific region is expected to grow at the highest CAGR, owing to rising geriatric population, continuous technological innovation, and increase medical tourism in countries such as South Korea, India and China. The market players, namely, Institut Straumann AG (Switzerland), Danaher Corporation (U.S.), and DENTSPLY Sirona, Inc. (U.S.) held the major share of the dental consumables market and will continue to dominate the market between 2016 and 2021.
Some of the other players operating in this market are Zimmer Biomet Holdings, Inc. (U.S.), 3M Company (U.S.), Ultradent Products, Inc. (U.S.), Young Innovations Inc. (U.S.), Mitsui Chemicals, Inc. (Japan), GC Corporation (Japan), Henry Schein, Inc. (U.S.), BioHorizons (U.S.) and Dentatus USA Ltd. (U.S.).
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