New York, United States , April 19, 2023 (GLOBE NEWSWIRE) -- The Global Dental Consumables Market Size to grow from USD 30.2 billion in 2021 to USD 51.5 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period.
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Prosthetics, implants, crowns, braces, dental impression materials, and other items are examples of dental consumables. They are used to treat periodontal diseases as well as conditions affecting the gingival tissues, tooth restoration, dental caries, and dental impairments.
The burden of various oral illnesses, including edentulism, cavities, and other periodontal diseases, has been causing the market for dental consumables to increase significantly over the past few years. Furthermore, according to the American Association of Oral and Maxillofacial Surgeons (AAOMS), each year, about 69% of individuals between the ages of 35 and 44 tend to lose at least one permanent tooth due to gum disease, decay, or trauma. In addition, younger people are more likely to develop dental caries than older persons. According to the FDI World Dental Federation, dental caries is prevalent among young individuals between the ages of 6 and 19 in developed countries.
In developed countries like Germany and the UK as well as many developing nations, the penetration rate of dental implants is still very low. Due to the expensive expense of dental implant operations, developing nations like China and India have poor dental implant penetration rates. According to the Institute Straumann, of the 51.5 million dentists worldwide, 15% to 20% do implant treatments, with Italy and South Korea dominating the market.
Since lower product prices raise the production expenses that businesses must cover, price pressure is a significant obstacle for the market's top players in the dental consumables sector. Despite the fact that major corporations have established their names on the global stage, they may run into difficulties while trying to compete in local markets due to lower product costs.
Browse key industry insights spread across 200 pages with 105 market data tables and figures & charts from the report on "Global Dental Consumables Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Dental Implants, Crowns & Bridges, Dental Biomaterials, Orthodontic Materials), By End-use (Hospitals, Dental Clinics), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030." Get Detailed Report Description Here:
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Product Insights
The dental implants segment is dominating the market with the largest market share over the forecast period
On the basis of product, the global dental consumables market is segmented into dental implants, dental biomaterials, crowns and bridges, orthodontic materials. Among these, the dental implants segment is dominating the market with the largest market share over the forecast period and is going to continue its dominance over the forecast period. Because to the drawbacks of removable prosthesis, including their unnatural appearance, discomfort, and maintenance requirements, both dentists and patients are now choosing dental implants. Because prostheses attached to dental implants don't hurt delicate tissues while also enhancing appearance, the market is expected to experience tremendous growth. A permanent dental implant facilitates correct chewing. More than 5 million dental implant procedures are performed annually in the United States, according to the American Dental Association.
End Use Insights
The Dental Clinic Segment holds the highest market share over the forecast period
On the basis of end use, the global dental consumables market is segmented into hospitals, and dental clinics. Among these, dental clinic segment is anticipated to dominate the market with the largest market share over the forecast period. This is due to the fast-global growth of dental practitioners working alone. The demand for affordable treatments and independent dental clinics will therefore rise in the coming years as a result of increased competition among dentists.
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Regional Insights
North America is dominating the market with the largest market share over the forecast period.
North America is dominating the market with the largest market share over the forecast period and is going to maintain its dominance over the predicted timeframe owing to the improvements in technology in diagnostics of dental solutions. In addition, the industry is increasing since employing dental lasers for less invasive procedures reduces the amount of time patients spend in the chair. In addition to this, the area is seeing an increase in the number of elderly patients.
On the other hand, Asia Pacific is expected to see the fastest market growth throughout the projected period as a result of rising population levels and the expansion of the hospital construction industry, both of which will present excellent prospects. China, Thailand, and India are among the developing nations most renowned for their inexpensive dental treatments.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Dental Consumables Market are 3M Company, Colgate-Palmolive Company, Danaher Corporation, Dentsply Sirona Inc., Institut Straumann AG, Ivoclar Vivadent, Koninklinje Philips N.V., OSSTEM IMPLANT Co., Ltd., Procter & Gamble, and Zimmer Biomet Holdings, Inc.
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