Dental Consumables Market: Rising Incidence of Dental Problems Boost Market Growth
According to Transparency Market Research’s latest report on the global dental Consumables market for the historical period 2017–2018 and forecast period 2019–2027, rise in dental tourism, advancements in dental implant techniques, and rising incidence of dental problems are driving the global market during the forecast period.
According to the report, the global dental Consumables market was valued at US$ 23,718.0 Mn in 2018 and is anticipated to expand at a CAGR of 5.4% from 2019 to 2027.
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Advancements in Dental Implant Techniques: Key Drivers
Over a decade, the success rate of dental implants has increased to around 95% for upper jaws and 90% for lower jaws, which is notably higher than that in case of several traditional services including the root canal therapy. This has led to more practices offering dental implants as a preferable treatment alternative to crowns, bridges, and removable dentures.
In the early years of dental implants, a significant number of potential implant patients were observed to have contraindications for the existing implant therapy. Advancements in implant designs, bone grafting procedures, and the analysis of extensive outcome data have narrowed the range of absolute contraindications.
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Rising incidence of dental problems Boost Market Growth
Dental problems such as tooth decay, gum diseases, mouth sores, and tooth erosion can become chronic. In addition, if periodontal diseases remain untreated, they can cause serious dental problems.
In the year 2010, a study conducted by the American Academy of Periodontology regarding the prevalence of periodontitis in adults in the U.S. estimated that 47.2% of (or 64.7 million) adults in the country had mild, moderate, or severe periodontitis, a more advanced form of periodontal disease.
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High treatment costs to Hamper Market
Dental problems incur high treatment costs associated with the large amount of consumables required. Therefore, an effective prevention strategy for oral health needs to be in place. According to the National Center for Biotechnology Information, the Ministry of Health’s investments accounted for 41.8% of the implementation investments, whereas the municipality accounted for 59.2% share of the total investments to implement a type I Oral Health Care Team in the Family Health Care Strategy. The increasing R&D spending is likely to hamper the dental consumables market in the future.
Different dental treatments such as implants and periodontal surgeries lack proper reimbursement policies in developed countries such as the U.S., France, Germany, the U.K., Spain, Italy, Japan, and Australia. This hampers the growth of the global dental industry. On the other hand, patients in developing nations such as China, India, Malaysia, and Thailand are not covered for expensive dental procedures such as implants by their medical insurance policies.
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Global Dental Consumables Market: Competitive Landscape
This report profiles major players in the global dental Consumables market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global dental Consumables market is highly fragmented, with the presence of a number of international as well as regional players
Leading players operating in the global dental Consumables market are
- 3M Health Care
- Danaher Corporation
- DENTSPLY Sirona
- Henry Schein, Inc.
- Institut Straumann AG
- Ivoclar Vivadent AG
- Patterson Companies, Inc.
- Zimmer Biomet Holdings, Inc.
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