Dental Consumables Market Size and Growth Rate:
The global market for dental consumables is anticipated to grow with a CAGR of 6.8% and reach around USD 38.7 billion by 2024.
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Dental Consumables Market Overview:
Dental consumables are used in temporary dressings that include dental restorations, endodontic materials, printing materials, prosthetic materials, dental implants, and others. These are usually specifically designed for various dental applications. Dental consumables are extremely flexible and some of them have an elastic component. In the manufacturing of final products, polyether, sodium alginate and silicones are also part of these consumables. These products are to make short-term temporary dressings.
Dental Consumables Market Growth Drivers and Restraints:
Effective treatment methods also promote the growth in demand for dental consumables. Rising expenditure on dental care, especially in urban areas, is fuelling the growth of the market.
However, variations in the supply of raw materials are increasing the prices of the finished products which is one of the major challenges for the growth of the market. Also, the lack of skilled people for operating the instruments is one of the other factors hindering the growth of the market.
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Increasing dental research institutes create opportunities for the market to grow. Also, the growing concern for beauty-consciousness and demand for cosmetic surgery is to increase market growth opportunities. The recent shift towards the adoption of latest technological developments will also help propel the demand for the dental consumables market.
Dental Consumables Market Geographical Analysis:
Regionally, Europe has witnessed a lead in the market with the largest shares. Expanding the market growth level in this area is a rising priority to ensure quality products. Increasing government spending in hospitals and clinics is also driving demand from the market for dental consumables. North America has the fastest growth rate since the last decade and is also anticipated to show the same growth rate in the future. The introduction of advanced technologies and the launch of numerous innovative products are stimulating the growth of the industry. Asia Pacific has significant market shares alongside North America. The increase in population is a major factor driving the growth rate of the industry.
Keyplayers of the Dental Consumables Market:
Key players in the dental consumables market are Henry Schein, Inc. (US), Kuraray Co., Ltd. (Japan), Geistlich Pharma AG (Switzerland), Straumann Holding AG (Switzerland), Danaher Corporation (US), Dentsply Sirona (US), 3M Company (US), Ivoclar Vivadent AG (Liechtenstein), GC Corporation (Japan), Septodont Holding (France)Mitsui Chemicals Inc. (Japan), Keystone Dental, Inc. (US), Young Innovations Inc. (US), and BEGO GmbH & Co. KG (Germany).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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