The study provides an in-depth analysis of the Indian Dental Consumables Market with current trends and future estimations to elucidate the imminent investment pockets. The report provides quantitative analysis of the industry from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities.
Portland, OR -- (SBWIRE) -- 09/20/2017 -- According to a new report published by Allied Market Research, titled, "Indian Dental Consumables Market by Product and Location: Opportunity Analysis and Industry Forecast, 2017-2023", the industry was valued at $116,397 thousand in 2016, and is projected to reach $232,527 thousand by 2023. It is anticipated that the market would register a CAGR of 10.3% during the forecast period, 2017–2023.
However, the market faces certain restriction which includes price sensitivity of the dental consumables due to fluctuations in currency exchange rates. In addition, the market offers opportunities, such as rise in focus of the multinationals to invest and expand in India.
The endodontics segment is expected to register the highest CAGR of 12.6%, during the period 2017–2023, owing to rise in prevalence of dental problems among all age groups.
Key Findings of the Indian Dental Consumables Market:
-The dental ceramics segment is anticipated to grow at a CAGR of 11.6% during the forecast period.
-The top five metro cities dominated the market and accounted for five-sixths share of the industry owing to increase in prevalence of various dental problems, such as periodontal diseases and dental caries.
-Next 40 towns holds the second position in the market in 2016.
-The handheld RC files segment contributed for more than half of the total market in 2016.
-The dental disposables segment, a sub segment of the other dental consumables, accounted for the highest CAGR of 12.2% in 2016.
The key market player included in the Indian dental consumables market are 3M Company, Danaher Corporation, Anand Meproducts Pvt. Ltd., Dentsply Sirona, Indident, Mil Medical Dental Systems Pvt. Ltd., Institut Straumann AG, Osstem Implant Co. Ltd., Mani Inc., Prime Dental Products Pvt. Ltd., and Zimmer Biomet.
The research segments the Indian dental consumables market into products and locations. It categorizes these products are further, viz., dental restoration, endodontics, and other dental consumables. Factors that drive the growth of the industry are rise in investments to establish multispecialty hospitals, increase in efforts to establish India as a manufacturing hub for dental supplies, and growth in dental tourism owing to low cost and efficient treatment.
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