Dental Consumables Market
Number of pages: 100 | Report Format: PDF | Published date: May 12, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 26.35 billion |
|
Revenue Forecast in 2031 |
US$ 48.17 billion |
|
CAGR |
6.93% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Product, End user, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global dental consumables market was valued at US$ 26.35 billion in 2022 and is expected to register a revenue CAGR of 6.93% to reach US$ 48.17 billion by 2031.
Dental Consumables Market Fundamentals
Dental consumables refer to various products such as implants, orthodontic supplies, dental burs, and dental cement used by dental professionals during patient treatment and oral care procedures. These consumables play a crucial role in maintaining oral health, facilitating dental procedures, and ensuring the patient's overall well-being.
The global dental consumables market is constantly evolving, and new trends and opportunities, such as cosmetic dentistry and awareness of oral health, have emerged in recent years. Technological advancements in the field of dentistry, such as CAD/CAM systems and 3D printing, have revolutionized the production of dental consumables, enabling faster and more precise manufacturing processes. Moreover, the rise of e-commerce platforms and direct-to-consumer models has made dental consumables more accessible to dental professionals and patients. This allows online retailers and manufacturers to reach a wider customer base.
The research study on the dental consumables market overview thoroughly analyzes the market, along with the aspects that either help or hinder the market's growth, such as its drivers, challenges, and opportunities. The research also discusses the list of businesses that operate in this market and their efforts to establish themselves as major players through expansion plans and innovative ideas. It also emphasizes current events that support the market's revenue expansion. The research also analyses how the COVID-19 pandemic has affected society.
This report is an important tool for the industry stakeholders to gather all the information about the market, customers, and competition. The report also provides the readers with valuable insights on the segmentation, regions, market size & forecast, revenue CAGRs, and other valuable data to help make informed strategic decisions. The study compiles information gathered from industry participants and specialists across the industry value chain. The report also taps into the qualitative and quantitative assessments by industry analysts. Our reports use different methods for estimating the market size and forecast, including secondary research, surveys and interviews, and statistical modeling. With these steps, our reports provide the most accurate market data. These datasets will cumulatively provide in-depth dental consumables market forecast to the industry stakeholders.
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Dental Consumables Market Dynamics
The rising rate of dental diseases is the key factor in increasing the revenue share of the global dental consumables market. The Centers for Disease Control and Prevention (CDC) states that in 2022, tooth decay, periodontal diseases, and oral cancer are some of the most frequent disorders that affect oral health. More than 40% of individuals reported oral discomfort in the previous year, and more than 80% suffered from at least one cavity by age 34. Moreover, technological advancements in dental procedures are expected to support the growth of the global dental consumables market. For instance, the development of 3D printing technology has allowed for the creation of custom dental implants and prosthetics, improving patient outcomes and satisfaction.
However, the high cost of consumables and strict regulations are the major restraining factors in the dental consumables market.
Dental Consumables Market Ecosystem
Dental Consumables Market, by Product
Dental Consumables Market, by End User
Dental Consumables Market by Product
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The dental restoration products segment accounted for around 25% of the market revenue share in 2022, This growth is attributed to the increasing prevalence of dental cavities and other oral diseases, which has led to a rise in demand for dental restorative materials and products. As stated by World Health Organization, in 2023, It is estimated that about 3.5 billion individuals are affected by oral disorders. Three out of every four people who are impacted are from middle-income nations. Cavities of permanent teeth affect an estimated 2 billion individuals worldwide, with 514 million children suffering from dental caries of primary teeth. Additionally, the growing awareness among people about the importance of maintaining good oral health is expected to further boost the demand for dental restoration products in the forecast years.
However, the orthodontics segment accounted for 15% of the market revenue share in 2022. This growth is attributed to the increasing demand for orthodontic treatments due to rising awareness of dental aesthetics and the availability of advanced technologies. The orthodontics market is expected to continue its growth trajectory in the forecast years.
Segmentation of the market refers to the division of the industry into subgroups based on factors such as product, end user, and region etc. Market segmentation data helps businesses to understand the preferences and unique needs of different customer groups and develop targeted sales strategies. This information also helps in identifying potential dental consumables market growth opportunities.
Dental Consumables Market by Region
North America accounted for 47% of the dental consumables market in 2022. This is majorly attributed to the increasing prevalence of dental diseases and the rising demand for cosmetic dentistry procedures such as implants, crowns and bridges, veneers, and whitening. In 2019 American Academy of Implant Dentistry (AAID), approximately 3 million persons in the United States had implants, with an additional 500,000 added yearly.
The European dental consumables market is expected to grow in revenue in the forecast years. This is due to a significant increase in cases of oral diseases in Europe. According to a paper titled 'The State of Oral Health in Europe,' in 2020, more than half of the European population may have some type of periodontitis, and more than ten percent have a severe form of the illness, with prevalence increasing to 70-85% of the population aged 60-65 years.
The revenue growth of the Asia Pacific dental consumables market is expected to grow due to the introduction of innovative and affordable dental products that cater to the region's specific needs. Additionally, investing in marketing and advertising campaigns can also help raise awareness and demand for these products among dentists and patients in Asia Pacific. Increasing dental tourism in the Asia Pacific also supports the revenue share of dental consumables in Asia Pacific.
Based on the regions, the global dental consumables market is segmented into:
Regional demarcation of the industry will provide information on geographic pockets regarding the dental consumables market outlook, size, share, and growth rate. This data helps businesses evaluate the expansion potential into new regional markets, understand the competitive threats across different regions, and develop localized sales and expansion strategies.
Key Components of the Report
Dental Consumables Market Competitive Landscape
Some of the major market players in the dental consumables market are:
The market competitive landscape is performed by collecting and analyzing information about the key competitors, the present industry trends, and market dynamics. It includes information collection and analysis on factors such as products, pricing, geographic outreach, customer demographics, marketing strategies, and recent developments. Competitive landscape assessment will help businesses identify the current prevalent or potential opportunities and threats keeping in mind the Dental Consumables industry trends.
Dental Consumables Market Strategic Developments
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Reasons to Buy this Report
Dental consumables are products used in dental procedures and treatments, such as gloves, masks, needles, syringes, and dental materials like filling and cement. These products are essential for maintaining proper hygiene and safety in dental practices.
The global dental consumables market was valued at US$ 26.35 billion in 2022.
North America accounted for 47% of the dental consumables market share in the dental consumables market.
The global dental consumables market is expected to register a revenue CAGR of 6.93% during the forecast period from 2023 to 2031.
The global dental consumables market is expected to register a revenue of US$ 48.17 billion by 2031.
Advancements in technology and materials and rising trends in dental cosmetic surgeries is the major growth trend in dental consumables.
The global dental consumables market is expected to grow significantly in the coming years due to factors such as increasing dental tourism, rising prevalence of dental diseases, and growing awareness about oral health.
The high cost associated with dental procedures and consumables limits access to dental care for many individuals.
Product innovation, strategic partnerships, mergers and acquisitions, and aggressive marketing campaigns are major strategies key market players adopt in the dental consumables market.
*Insights on financial performance are subject to the availability of information in the public domain