Dental Consumables Market To Report Impressive Growth, Revenue To Surge To US$ 34.50 Billion By 2021
Sarasota, FL -- (SBWIRE) -- 10/11/2018 -- As estimated in this report, the global dental consumables market stood at US$23.50 billion in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this dental consumables market is expected to reach US$ 34.50 billion by the end of the forecast period. The main products available in this dental consumables market are dental implants, endodontics, peridontics, orthodontics, dental crowns, dental biomaterials, and dental bridges. Among them, the demand for dental biomaterials is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
This report offers comprehensive coverage on global dental consumables market along with, market trends, drivers, and restraints of the dental consumables market. This report included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the dental consumables market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
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With the presence of a large pool of participants, the global dental consumables market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Zimmer Biomet Holding Inc., Ultradent Products Inc., GC Corporation, Mitsui Chemicals Inc., and Dentatus USA Ltd are some of the key vendors of dental consumables across the world. These players across dental consumables market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the dental consumables market study.
Regionally, Europe has been leading the worldwide dental consumables market and is anticipated to continue on the dominant position in the years to come, states the dental consumables market study. Rise in the elderly population and massive demand for modern dental treatment methods is the main factor behind the dominance of the Europe dental consumables market. Extensive spending on oral healthcare activities by the government is projected to contribute significantly towards the growth of this regional market.
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"Awareness among the elderly population regarding dental treatment advantages and rising cosmetic dentistry trends will contribute considerably towards dental consumables market size in the years ahead," says author of the study. Apart from this, the dental consumables industry is likely to gain traction in the near future, owing to flourishing dental tourism as well as preference of consumers for availing dental treatments in countries with low dental therapy costs. In addition, increase in the cases of tooth decays and other periodontal diseases are predicted to enlarge the scope of the dental consumables market over the span of next few years.
Escalating costs of dental consumables and low compensation for dental treatment, however, can act as a restraint for the dental consumables market growth over the ensuing years. Nevertheless, introduction of new technologies in dentistry is expected to boost the product popularity across the globe, thereby normalizing the impact of hindrances on the dental consumables market, reports the study. Furthermore, low penetration of dental implants in emerging countries can offer industry players with an opportunity to explore the untapped market potential in the coming years.
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The global dental consumables market is segmented as follows:
Dental Crowns and Bridges
The Middle East and Africa