Published Date : 09 Jun 2022
The global dental consumables market is expected to registered growth at a CAGR of 5.8% from 2022 to 2030 and to reach around US$ 65.18 billion by 2030.
Some sales insight revealing the strong growth of dental consumables market during the past few years are listed below:
Leading Regions Market Review
Approximately34% of the Global Dental Consumables Market Captured by North America
The high consumption of alcohol, tobacco, and sugar and unhealthy food habits of the people in North America has led to the higher prevalence of oral and dental disorders. The rising geriatric population in US, rising incidences of dental disorders, and increasing demand for the cosmetic dentistry are the major factors that are driving the growth of the North America dental consumables market. US is one of the largest manufacturers of dental consumables owing the huge presence of the manufacturers in the region. Moreover, the surging adoption of latest technologies like dental imaging, CAD/CAM equipment, and various software in the dental clinics are significantly boosting the growth of the North America dental consumables market. As per the American Dental Association, over 5 million individuals in US aged 65 years to 74 years had complete tooth loss and about 3 million had edentulous in 2020. Therefore the rapidly ageing population in US is expected to increase the incidences of dental diseases and boost the growth of the dental consumables market in the upcoming future. It is estimated that the geriatric population will constitute around 24% of the US population by 2060. The higher healthcare expenditure and increased awareness regarding the dental diseases among the population is expected to boost the market growth in North America.
Scope of the Report
|Market Size in 2021||USD 37.2 Billion|
|Revenue Forecast by 2030||USD 65.18 Billion|
|CAGR||5.8% from 2022 to 2030|
|Forecast Year||2022 to 2030|
What are the key trends in the Global Dental Consumables Market?
The rapidly growing dental tourism in the developing economies is expected to have a significant impact on the growth of the global dental consumables market. Dental tourism has become one of the lucrative segment of the medical tourism industry. The emerging nations like India, Poland, Mexico, and Hungary are among the fastest-growing dental tourism market. The low costs associated with the dental treatment are successfully attracting a huge pool of dental tourists from the developed economies. The cost of dental crown in UK is around US$1,000 in UK and around US$2,000 in US, whereas, it is US$300 in India, US$100 in the Philippines, and US$400 in Mexico. The rising investments in the infrastructural development in the emerging economies and availability of low cost dental treatment facilities are the major factors that are driving the growth of the global dental consumable market.
What are the key challenges in the Global Dental Consumables Market?
The demand for the dental consumables is expected to foster in the upcoming future owing to the growing demand for dental care services. The changing demographics of the consumers, rising awareness regarding the dental care, and growing incidences of dental diseases is expected to boost the demand significantly. However, to meet this demand the availability of skilled and experienced dental professionals is of utmost importance. There is a lack of skilled dental professionals, which may act as a potential restraint to the growth of the global dental consumables market in the forthcoming years. Furthermore, the high risks associated with the orthodontic treatment and complications in the dental bridges are a major challenge. The dental bridges and orthodontic braces needs routine care, failing to which it may lead to complications for the patients. The dental bridges can damage the bone surrounding of the previous teeth if proper care measures is not taken. This is a major challenge in the growth of the market.
Asia Pacific Forecast the Strongest Growth Rate of during the Forecast Year (2021-2030)
Asia Pacific is expected to be the home to the globe’s largest geriatric population by 2050. As per the United Nations, by 2050, the low and middle income nations will have around 80% of the global geriatric population. The elderly people are more prone to the dental diseases and hence the demand for the dental consumables is expected to rise significantly in the forthcoming future. Hence, Asia Pacific is expected to be the fastest-growing market during the forecast period.
Top Dental Consumables Manufacturers in 2020
Myriad Genetics Inc., Guardant Health Inc., Exact Sciences Corporation, Bio-Rad Laboratories Inc., Agena Bioscience Inc., Personal Genome Diagnostics Inc., Exosome Diagnostics Inc., ANGLE Plc., F. Hoffmann-La Roche Ltd., and Myriad Genetics Inc. are some of the major players in the global dental consumables market.
Full Report is Ready | Buy this Research Report@ https://www.precedenceresearch.com/checkout/1548
You can place an order or ask any questions, please feel free to contact at firstname.lastname@example.org | +1 9197 992 333