Rockville, Nov. 04, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global dental consumables market is estimated at US$ 34.3 Billion in 2022 and is expected to expand at an impressive CAGR of 5.9% during the forecast years of 2022-2032. The market is poised to grow due to remarkable sales channel and drug class offerings.
Consumables for dentistry are used to address ailments like tooth restoration, challenges with gingival tissues, dental impairments, dental caries, and oral illnesses. The size of the global market for dental consumables is increasing as a result of an increase in dental problems. Stringent developments in the field of applied sciences has resulted in advanced solutions to deal with these oral conditions.
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A key principal element propelling the global orthopaedic consumables market is the growing emphasis on physical appearance. Aesthetic and cosmetic dentistry is benefiting from the growing popularity of dental makeovers. However, due to the extremely high costs of procedures and supplies, the facilities are not frequently used by those with middle-class incomes. The absence of sufficient reimbursement policies from the government or medical insurance companies is also anticipated to restrain the market for dental consumables.
According to Fact.MR, in the segment product type, sub-segment dental implants is anticipated to grow tremendously which will conclude to stage opportunities for the emerging as well as established manufacturers. Product launches in under-developed regions can also create plethora of chances for market expansion.
Key Takeaways from Market Study
- The global dental consumables market is projected to expand at an impressive value of US$ 60.8 Billion by 2032.
- The market witnessed 5.5% CAGR for the period of 2017-2021.
- Under end users, dental clinics is anticipated to dominate the market and is valued at US$ 16.7 Billion in 2022.
- Europe dominated the market with 31.3% market share in 2021.
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The market for dental consumables is partially fragmented in nature as the market is stretched in both regional and worldwide businesses. To get an advantage in the industry, market dominating players are concentrating on innovations and new product releases. Another tactic used by leaders to add precision and accuracy in medicaments is the incorporation of technology like computer-aided design (CAD) and computer-aided manufacture (CAM) into the fields of orthodontics, periodontics, and endodontics.
Another important tactic used by firms to obtain a competitive edge in the dental consumables market is acquisitions and partnerships with other businesses.
- For instance, the advent of the X-Smart IQ digital endodontics ecosystem and app by Dentsply Sirona Endodontics, which aids and directs dental practitioners through each stage of the endodontic procedure.
- Additionally, Dentsply Sirona disclosed the purchase of RTD, a pioneer in fibre endodontic posts globally.
- Canada-based distributor of medical and dental goods Médi-Sélect was purchased by Medline Industries, Inc. in January 2020.
The market for dental consumables is highly fragmented, the market is dominated by regional as well as global manufacturers, including 3M Company ,Colgate-Palmolive Company, Dentsply Sirona, Inc., Institut Straumann AG, Ivoclar Vivadent AG, Koninklijke Philips NV, Osstem Implant Co. Ltd., Procter & Gamble Company, The Zimmer Biomet Dental are competing for market dominance.
Industry giants are attempting to break into the dental consumables market with fresh, creative ideas. Large corporations are also utilising inorganic expansion techniques like mergers and acquisitions to expand their distribution networks in underserved areas and increase their global reach.
Segmentation of Dental Consumables Industry Research
- By Product Type :
- Dental Implants
- Dental Prosthetics
- Retail Dental Care Essentials
- Other Dental Consumables
- By End User :
- Dental Clinics
- Dental Laboratories
- By Region :
- North America
- Latin America
- East Asia
- South Asia & ASEAN
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global dental consumables market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product (Dental Implants, Dental Prosthetics, Orthodontics, Endodontics, Periodontics, Retail Dental Care Essentials, Other Dental Consumables), End User (Hospitals, Dental Clinics, Dental Laboratories) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & ASEAN, Oceania, Middle East & Africa).
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Dental Endodontics Market: The global market for dental endodontics to reach US$ 3 Bn by the end of the 2021-2031 assessment period. The market is scheduled to expand 2.3x, up from US$ 1.3 Bn in 2021. The report forecasts that sales of dental consumables, particularly root canal preparation products, will surge at almost 7% CAGR until 2031.
Dental Restorative Supplies Market: The global dental restorative supplies market is estimated at USD 5.1 Billion in 2022 and is forecast to surpass USD 8.8 Billion by 2032, growing at a CAGR of 5.6% from 2022 to 2032.
Dental Amalgamators Market: The growing demand for Dental Amalgamators indicated for ease of the cavity filling procedure by offering easy accessibility to tools for the dentists is expected to be the major factor driving the growth of the Dental Amalgamators market over the forecast period.
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