Dental Consumables Market
Dental Consumables Market Analysis, By Product (Dental Implants, Dental Prosthetics, Orthodontics, Endodontics, Periodontics, Retail Dental Care Essentials), By End User (Hospitals, Dental Clinics, Dental Laboratories) - Global Industry Report 2020-2030
Dental Consumables Market Insights
Global market for dental consumables is projected to register growth at the rate of nearly 4% over the forecast period of 2020-2030, to reach a market valuation of more than US$ 50 Bn by 2030.
Driven by growing cases of dental disorders and rising demand for invasive dental procedures, the dental consumables market is projected to exhibit steady growth through 2030. Also contributing to this growth is the increase in dental tourism in developing economies such as China and India, along with a growing geriatric population.
The report by Fact.MR elaborates on how cosmetic dentistry is gaining traction, along with rising demand for dental prosthetics and dental implants. Advancements such as computer aided design (CAD) and computer aided manufacturing (CAM) into orthodontics, periodontics, and endodontics are also lending impetus to market growth.
Dental Consumables Market Overview
Dental consumables find application in the treatment of dental disorders such as tooth restoration, problems associated with gingival tissues, dental impairments, dental caries, and periodontal diseases. Rising cases of dental problems across the world are driving the expansion of the dental consumables market size.
According to a recent report by the World health organization (WHO), more than 3 billion people suffer from oral problems, globally. Rise in consumption of sugar, alcohol, and tobacco, and poor diet are key reasons responsible for this occurrence.
The global dental consumables market is expected to reach a valuation of more than US$ 50 Bn by the end of the forecast period of 2020-2030, according to a recent study conducted by Fact.MR.
Dental Consumables Market Insight by Product
The dental consumables market is segmented based on product as dental implants, dental prosthetics, dental endodontics, orthodontics, periodontics, retail dental care essentials, and other dental consumables.
Among these, dental prosthetics are expected to be the most lucrative segment, and is projected to exhibit growth at a CAGR of around 4% over the forecast period, followed by dental implants, which is projected to show a similar growth trajectory to the end of 2030.
Rising Adoption of Cosmetic Dentistry to Fuel Demand
Increasing focus on physical appearance is one of the key drivers of the global dental consumables market. The trend of dental makeover is gaining traction, creating opportunities for aesthetic and cosmetic dentistry. This trend is gaining more popularity in particular age groups such as millennials and gen Y.
According to a recent study conducted by the American Academy of Cosmetic Dentistry (AACD), the field of cosmetic dentistry is expected to continue its growth trajectory. AACD, in its report mentions that, the market will witness a demand surge post the COVID 19 pandemic, and the cosmetic dentistry will add life and revenue to the global dental consumables market.
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High Treatment Cost Possible Restraint
High costs associated with dental procedures and consumables are expected to act as a deterrent to market growth. There is no proper reimbursement policy for dental implants and periodontal surgeries even in developed countries such as the U.S., U.K., France, Japan, Italy, and Australia.
Whereas, in developing countries such as China, India, and Thailand, among many others, expenses of dental procedures are not covered in medical insurance policies. This is expected to impact the growth of the global dental consumables market to some extent over the forecast period.
Regional Outlook of Dental Consumables Market
Europe is expected to witness growth owing to increasing oral problems and rise in geriatric population in the region, which leads to increases demand of dental consumables. North America, led by the U.S., is also expected to show growth during the forecast period, as healthcare expenditure by governments is seeing a rise, along with the disposable income of people in the region.
Meanwhile, Asia Pacific is projected to witness significant growth in its global dental consumables market share, led by China. Rising number of dental clinics is driving the growth of the dental consumables market in the region.
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Dental Consumables Market: Competitive Analysis
The global dental consumables market includes several international players along with regional manufacturers, which makes the market competitive in nature, and fragmented. Key players are focusing on innovations and new product launches to get ahead in the market. Integrating technologies such as computer aided design (CAD) and computer aided manufacturing (CAM) into orthodontics, periodontics, and endodontics is another strategy followed by players to bring in precision and accuracy.
In addition to this, acquisitions and collaborations with other companies is another key strategy being followed by players to gain a competitive advantage in the dental consumables market.
- For instance, Dentsply Sirona Endodontics announced the launch of its X-Smart IQ digital endodontics ecosystem and app, which assists and guides dental professionals through every step of the endodontic process.
- Dentsply Sirona also announced the acquisition of RTD, a worldwide leader in fiber endodontic posts.
The Analyst’s Quote
“The global dental consumables market is driven by rising number of oral diseases as a result of unhealthy eating habits and lack of dental care awareness. The market is also expected to benefit from rising popularity of cosmetic dentistry. However, dearth of reimbursement and medical cover for dental implants and procedures can deter market growth.”
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COVID 19 Impact on Dental Consumables Market
The recent outbreak of COVID 19 has disrupted life in many ways. Lockdowns imposed by governments across the world in order to curb the spread of the disease have impacted supply chains, production, and every other aspect of business. It has brought challenges to the entire global business community.
The dental consumables industry has also been impacted by restrictions brought in with lockdown worldwide. Production has been hampered due to lack of manpower. Also, supply of raw materials was on hold for a long time as trade and transport was restricted. Furthermore, economic uncertainties brought by the pandemic have made consumers vary of spending on things that are not absolutely essential for survival, such as cosmetic dentistry and non-essential procedures.
However, as things are getting back on track slowly, the global dental consumables market is expected to resume its normal growth rate over the coming months.
Dental Consumables Market: Segmentation
Fact.MR’s research study assesses the global dental consumables market in terms of product, end user, and region. This report presents extensive market dynamics and trends associated with different segments of the market, and their influence on the growth prospects of the global dental consumables market.
By Product :
- Dental Implants
- Dental Prosthetics
- Retail Dental Care Essentials
- Other Dental Consumables
By End User :
- Dental Clinics
- Dental Laboratories
By Region :
- North America
- Middle East & Africa
- Latin America
- Asia Pacific
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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