Transparency Market Research Report Added "Dental Consumables Market" to its database.
Albany, NY -- (SBWIRE) -- 03/29/2016 -- Transparency Market Research has published a new market report titled, "Dental Consumables Market (Product – Dental Implants, Crowns and Bridges, Dental Biomaterials, Orthodontics, Endodontics, Periodontics, Retail Dental Care Essentials, Other Dental Consumables; Geography – North America, Europe, Asia Pacific and Rest of the World) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 – 2023." According to the report, the global dental consumables market was valued at US$ 16,492.2 Mn in 2014 and is projected to expand at a CAGR of 5.7% from 2015 to 2023 to reach US$ 27,589.6 Mn in 2023.
Rising disposable income; increase in health care infrastructure, and distribution and partnership strategies adopted by players support the dental consumables market growth globally. Moreover, increasing number of geriatric population and its associated periodontal diseases and ailments are likely to propel the growth and demand for dental consumables based products in forthcoming years.
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Geographically, the global dental consumables market is segmented into four prominent regions: North America, Europe, Asia Pacific and Rest of the World. Each of the region is further analyzed and estimate for major contributing countries. For instance, the North America dental consumables market includes the United States and Canada. Europe region is sub-categorized into the United Kingdom, Germany and Rest of Europe. Asia Pacific dental consumables market include China, India and Rest of Asia Pacific. Whereas, Rest of the World market is studied and segmented into Latin America and Middle East & Africa market.
Europe dominates the global dental consumables market in 2014. One of the key factors attributed to the growth of the dental consumables market in the region is funding of oral health care facilities in major countries. In 2012, a report titled "The State of Oral Health in Europe" indicated that over 50% of the population of Europe was expected to be diagnosed with some of the periodontal diseases, which were relatively higher among people aged above 60 years. Considering the impact of aging trend and growing awareness level of dental care substituted by favorable government interventions, the market in United Kingdom is estimated to be leading the market followed by Germany and Rest of the Europe.
North America was the second major contributing region in the global dental consumables market. Dentistry in the U.S. is in a state of transformation with increasing baby boomer generation having periodontal diseases. The health care delivery system is changing rapidly with the implementation of Affordable Care Act. The American Association of Oral and Maxillofacial Surgeons found that 69% of adults aged between 35 years and 44 years have lost at least one permanent tooth to an accident, gum disease, a failed root canal, or tooth decay. Additionally, 26% of adults are expected to lose their permanent teeth by the age of 74 years Within the North America region, the U.S. market held major share in terms of revenue and is expected to continue throughout the forecast period.
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According to 2012 study, published by Health Canada on dental health of people in the Canada based on the results gathered through Canadian Health Measures Survey carried out by Statistics Canada. The data compiled show that 75% of people in Canada visit a dental clinic annually, and 86% do so at least once every two years. Hence, the overall market is relatively low in Canada. However, rise in awareness level and focus on immigrant health related activities is expected to drive the market in next 5 years to 7 years.
Deregulation of dental care services in countries such as India and China has led to the growth of the market in the region. Deregulation refers to the removal of any acts or laws by the government in order to promote private participation. It has led to the emergence of new and improved private clinics that offer assured, quality services. Dental tourism is also flourishing in countries in Asia, particularly in India and China, due to cost effective treatment being offered. These countries not only promote dental tourism, but also outsource doctors and other treatment facilities to keep up with the demand for dental tourism. Willingness among people to spend a significant proportion of their incomes in dental hygiene. Asia Pacific has been assessed to be the fastest growing market for dental consumables.
The dental consumables market in Rest of the World is studied exclusively for Latin America and a cumulative market estimated for Middle East & Africa. Oral diseases remain a major public health problem in Africa owing to high prevalence, severity, and impact on individual quality of life. The resultant effect of persistent oral health inequalities toward access to care suggests a greater burden on the public sector to deliver equitable, cost-effective primary oral preventive services. Brazil, the largest dental consumables market in Latin America, has a high proportion of dentists, but it tends to remain mostly in urban areas affecting growth and demand from the rural segment. However, aging population trend and expanding middle class population with an inclination towards dental care and treatment has significantly driven demand for dental consumable products such as implants and crowns in last few years.
The prominent companies profiled in this report includes 3M Health Care, Danaher Corporation, DENTSPLY International, Inc., Henry Schein, Inc., Institut Straumann AG, Ivoclar Vivadent AG, Nobel Biocare Holdings AG, Patterson Companies, Inc., Septodont, Ultradent Products, Inc. and Zimmer Biomet Holdings, Inc.
The global dental consumables market has been segmented as follows:
Global Dental Consumables Market, by Product
Titanium Dental Implants
Zirconium Dental Implants
Dental Crowns and Bridges
Ceramic fused to Metal
Power-Driven Dental Scaling Periodontic Devices
Locally Applied Therapeutic Products
Global Dental Consumables Market, by Geography
Rest of Europe
Rest of Asia Pacific
Rest of the World
Middle East and Africa
Mr. Sudip S
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