Market Scenario:
The dental consumables market is
growing pervasively mainly due to the technological advancements that took
place in the dental industry. Although the integration of technology &
consumables in dental practices goes back to decades, the uptake of consumables
has been increasing over the past few years, and so is increasing the growth of
the dental consumables market. Furthermore, factors such as the wide adoption
of dental consumables along with the increasing geriatric populace, prevailing
dental disorders and surgeries are driving the market growth.
Acknowledging the
developments and accruals the market is enjoying currently, Market Research
Future (MRFR) in its recently published study report asserts that the global
dental consumables market will be valued at USD 28,345 MN by 2024, registering
approximately 7 % CAGR during the forecast period (2016 – 2024).
The rapidly growing
dental treatment market is stressing on the wide uptake of advanced dental
consumables which, in turn, offers lucrative opportunities to the players of
the market. The proliferation of the Internet and smart connected devices acts
as a tailwind influencing the market growth positively. Simultaneously, the
market penetration of smartphones is a key driving force behind the market
increase.
Attributing to the
augmented applications of these consumables in the related market to target
more users for branding the solutions, products & services; uptake of
dental consumables is estimated to upsurge in small and medium setups during
the prognosticated period.
On the other hand,
these dental consumables are costlier especially in developing and
underdeveloped nations which in turn, is hampering the market growth in these
regions restricting the uptake of consumables. Also, the operational
complexities of these consumables may restrain the growth of this market.
Dental Consumables
Market – Segments
MRFR has segmented the
analysis into two key dynamics for the convenience of understanding;
By Type : Dental Implants, Dental Prosthetics,
Dental Restorative Materials, and Dental Regenerative Materials among others.
By Regions :
North America, Europe, APAC and the Rest-of-the-World.
Global Dental
Consumables Market – Regional Analysis
The European region
leads the global dental consumables market with the largest share. The market growth is majorly fostered by the
increasing per capita healthcare expenditures led by the resurging economy and
the proliferation of healthcare sector in the region. Also, factors such as
well-spread awareness among people towards oral health, especially in countries
such as the UK, Germany, and Italy support market growth at a large scale.
The North American
region closely following the European market accounts for the second-largest
market for dental consumables. The market growth attributes to the increasing
digital advancement in medical technology. The growing market in the US, backed
by the high healthcare expenditures especially into the dental segment majorly
supports the market growth in the region. Additional factors such as the huge
technological advancements and uptake is a dominant factor fostering the growth
of the North American dental consumables market.
The dental consumables
market in the Asia Pacific region is proliferating rapidly, emerging as a
promising market, globally. The burgeoning dental treatment markets, especially
in India & China, backed by the vast population and the large unmet
clinical needs fuel the market growth in the region.
Besides, some of the
APAC countries such as Thailand, Vietnam, and Malaysia are estimated to
contribute to market growth during the review period significantly. Offering
substantial growth opportunities with the increasing awareness towards new
technologies in untapped markets; the Asia Pacific dental consumables market
will grow with approximately 7 % CAGR during the estimated period
(2016-2024).
Global Dental
Consumables Market – Competitive Analysis
Highly competitive
dental consumables market appears to be fragmented owing to the presence of
many large and small-scale players. These players are adopting the strategic
initiatives for business expansion plans in the emerging markets. Key players
are focusing on optimized situational awareness to ensure their mission
success. Matured players are continually seeking expansion through various
strategic initiatives such as M&A activities, collaboration &
innovations.
Matured players invest
in R&D activities increasingly. Key players possess state of the art
facilities to develop cost-effective product portfolio and a stable marketing
network which can help them to gain the leadership position in the market while
marketers operating in the dental industry are focusing on inbound lead
generation more than ever, instantiating ROI-oriented strategies that can pay
off quickly.
Key Players:
Some of the leaders in
the market include 3M, Septodont, Straumann, KERR Corporation, Henry Schein, GC
orthodontics, Patterson Dental, EnvisionTEC, American Orthodontics, Dentsply
Sirona, Planmeca OY, and Nobel Biocare (Part of Danaher Corporation).
Industry/ Innovation
/Related News:
November 18, 2018 –
Cantel Medical Corporation (US), a leading company involved in the production
and selling of medical equipment announced that it intends to acquire Omnia
(Italy), a leading seller of a variety of dental surgical consumables for up to
USD 31.9 MN in total consideration to expand in the European markets.
Browse Complete 110 Pages Premium Research Report
Enabled with 113 Respective Tables and Figures @ https://www.marketresearchfuture.com/reports/dental-consumables-market-1806
Detailed Table
of Contents:
1. Report
Prologue
2. Market
Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research
Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size
Estimation
4. Market
Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic
Indicators
4.6 Technology Trends
& Assessment
5. Demand
& Supply – Gap Analysis
…
Continued!
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