Dental Consumables Market worth $38.7 billion by 2024

Posted on 2020-04-07 by MarketsandMarkets in Healthcare // 0 Comments

The global dental consumables market is valued at an estimated USD 27.9 billion in 2019 and is projected to reach USD 38.7 billion by 2024, at a CAGR of 6.8% during the forecast period. The rising incidence of dental diseases, increasing demand for cosmetic dentistry, growing dental tourism, and the increasing disposable income in developing countries are the major factors driving the growth of this market.

“The orthodontics segment is estimated to grow at the highest CAGR during the forecast period”

The orthodontics segment is estimated to witness the highest growth in the dental consumables market, by product, during the forecast period. Technological advancements in orthodontic products, presence of a large number of patients with malocclusions, and the growing awareness among customers about advanced orthodontic treatments are the key drivers for orthodontic dentistry.

“The dental biomaterials market is estimated to witness high growth from 2019 to 2024”

Based on type, the dental restoration materials market is segmented into indirect restorative materials, direct restorative materials, and dental biomaterials. The dental biomaterials segment is estimated to grow at the highest CAGR during the forecast period majorly due to the increase in the number of dental implant and cosmetic implant procedures, developments in the field of nanotechnology, and the lower penetration of dental biomaterials in several markets.

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“Europe dominated the dental consumables market in 2018”

The dental consumables market is broadly segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. Europe accounted for the largest share of the dental consumables market in 2018. Factors such as the rising geriatric population, increasing government expenditure on oral healthcare, and the high and growing number of dental procedures in several European countries are the major factors responsible for the large share of this region in the global market.

The prominent players operating in the dental consumables market include Straumann Holding AG (Switzerland), Danaher Corporation (US), Dentsply Sirona (US), 3M Company (US), Henry Schein, Inc. (US), Kuraray Co., Ltd. (Japan), Geistlich Pharma AG (Switzerland), Ivoclar Vivadent AG (Liechtenstein), GC Corporation (Japan), Mitsui Chemicals Inc. (Japan), Keystone Dental, Inc. (US), BEGO GmbH & Co. KG (Germany), Young Innovations Inc. (US), and Septodont Holding (France).

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