Global Dental Consumables Market to expand at a robust 6.5% CAGR from 2015 to 2021
Sarasota, FL -- (SBWIRE) -- 09/27/2017 -- Zion Market Research has published a new report titled "Dental Consumables Market by Product Type (Dental Implants, Dental Crowns, and Bridges, Dental Biomaterials, Orthodontics, Endodontics, Peridontics and Others) – Global Industry Perspective, Comprehensive Analysis and Forecast 2015 – 2021". According to the report, the global dental consumables market accounted for around USD 23.50 billion in 2015 and is expected to reach approximately USD 34.50 billion by 2021, growing at a CAGR of around 6.5% between 2015 and 2021.
Dental consumable is the products which are widely used in treatments and dealing with dental problems such as the dental cavity, bacterial preventions plague etc. Dental restoration product is one of the dental consumables which is widely used in the dental care industry. Globally, many market players are primarily engaged in providing high-quality products at competitive end prices with excellent customer service. The majority of the companies primarily engaged in manufacturing of fillers, cement, endo points, dental alloy, and composite. These companies come with the very advanced technological solution to treat dental problems.
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The global dental consumables market was expected to witness the highest growth within the forecast period. This growth is supported due to rising awareness among the all aged population regarding benefits associated with dental treatment. In addition, rising demand from cosmetic dentistry in the current scenario is the key driving factor for the growth of dental consumables market. Moreover, the sudden rise in a global geriatric patient is also considered as a key factor which is directly responsible for fueling the growth of dental consumables market. In addition, technological advancements in dentistry will probably increase the demand for dental consumables market in nearby future. However, the high cost of dental consumables coupled with limited professionals may act as a restraint on the growth of dental consumables market. Nonetheless, low penetration of dental implants in developing countries is considered as the major upcoming opportunity for the growth of global dental consumables market.
Based on product type, the global dental consumables market is segmented into seven types: dental implants, dental crowns and bridges, dental biomaterials, orthodontics, endodontics, peridontics and others. In terms of revenue, dental biomaterial was the dominating segment in dental consumables market in 2015. Dental biomaterial accounts for more than 30% of the total dental consumable market. The growth is attributed to rising cases of dental problems with simultaneously rising in demand for the advanced dental care procedures.
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In terms of geography, Europe was the leading market for dental consumables in 2015 in terms of revenue due to the rapid increase in the percentage of geriatric populations in various countries of Europe. In addition, the presence of wealthiest countries with high development index in Europe provides an additional support to drive the European dental consumables market. Furthermore, medical engineering and advanced technology increase in North America and Europe serves as a major driving factor for the growth of dental consumables market in this region. Moreover, dental consumables market has the huge opportunity in emerging market of Asia Pacific due to the rise in awareness and increasing disposable income among individuals.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global dental consumables market include Zimmer Biomet Holdings, Inc., 3M Company, Ultradent Products, Inc., Young Innovations Inc., Mitsui Chemicals, Inc., GC Corporation, Henry Schein, Inc., BioHorizons and Dentatus USA Ltd.
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