Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.96 Billion | USD 3.32 Billion | 6% | 2023 |
Zion Market Research has published a report on the global Dental Consumables Market, estimating its value at USD 1.96 Billion in 2023, with projections indicating that it will reach USD 3.32 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Dental Consumables Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Awareness among the elderly population regarding dental treatment advantages and rising dentistry trends will contribute considerably towards the dental consumables market size within the years ahead. Apart from this, the dental consumables industry is probably going to realize traction within the near future, due to flourishing dental tourism also as the preference of consumers for availing dental treatments in countries with low dental therapy costs. Additionally, an increase in the cases of tooth decay and other periodontal diseases is predicted to enlarge the scope of the dental consumables market over the next few years.
Escalating costs of dental consumables and low compensation for dental treatment, however, can act as a restraint for the dental consumables market growth over the following years. Nevertheless, the introduction of the latest technologies in dentistry is predicted to spice up merchandise popularity across the world, thereby normalizing the impact of hindrances on the dental consumables market, reports the study. Furthermore, the low penetration of dental implants in emerging countries offers industry players a chance to explore the untapped market potential within the coming years.
Owing to the COVID-19 outbreak, there's a drastic change within the size of the Dental Consumables market, medical practices of all sizes are under immense pressure, and healthcare facilities across the world are overwhelmed by the massive number of patients visiting them on a day today. The rising prevalence of coronavirus disease has driven the demand for accurate diagnosis and treatment devices in several countries across the world. The COVID-19 pandemic has also increased the necessity for social distancing among physicians and other healthcare professionals. As a result, many imaging and diagnostic departments have experienced a rapid decline in dental consumables case volumes. This decline has important implications on the short-term and long-term economic stability across all practice settings.
Growth in the dental consumables market can primarily be attributed to the rising incidence of dental diseases, availability of free checkups, increasing demand for cosmetic dentistry, growing dental tourism in emerging markets, and the increasing disposable income in developing countries is predicted to propel growth of the worldwide dental consumables market over the forecast period. For example, in February 2020, the Seattle King County Free Health Clinic, U.S., offered free dental and vision care services. Also, an increasing number of dentists is additionally expected to spice up demand for dental consumables. For instance, consistent with the American Dental Association, the amount of dentists in office within the U.S. increased from 199,486 in 2018 to 200,419 in 2019.
Report Attributes | Report Details |
---|---|
Report Name | Dental Consumables Market |
Market Size in 2023 | USD 1.96 Billion |
Market Forecast in 2032 | USD 3.32 Billion |
Growth Rate | CAGR of 6% |
Number of Pages | 132 |
Key Companies Covered | 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. |
Segments Covered | By Product and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The main products available in this dental consumables market are dental implants, endodontics, periodontics, orthodontics, dental crowns, dental biomaterials, and dental bridges. Among them, the demand for dental biomaterials is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report. The dental restoration consumables segment accounted for the most important share of the dental consumables market in 2023.
The massive share of this segment is often attributed to the increasing demand for dental restorative procedures in Asian and South American nations, increasing consumer acceptance of advanced dental technologies, and therefore the growing geriatric population, which has resulted in the increasing demand for dental prosthetic procedures.
Globally, Europe has been leading the worldwide dental consumables market and is anticipated to continue on the dominant position within the years to return, states the dental consumables market study. Rise within the elderly population and large demand for contemporary dental treatment methods is that the main factor behind the dominance of the European dental consumables market. Extensive spending on oral healthcare activities by the govt is projected to contribute significantly towards the expansion of this regional market.
The key companies operating in Dental Consumables market include
By Region
FrequentlyAsked Questions
The global Dental Consumables Market was valued at USD 1.96 Billion in 2023.
The global Dental Consumables Market is expected to reach USD 3.32 Billion by 2032, growing at a CAGR of 6% between 2024 to 2032.
Growth in the dental consumables market can primarily be attributed to the rising incidence of dental diseases, increasing demand for cosmetic dentistry, growing dental tourism in emerging markets, and the increasing disposable income in developing countries.
Europe has been leading the worldwide dental consumables market and is anticipated to continue in the dominant position in the years to come, states the dental consumables market study. The rise in the elderly population and massive demand for modern dental treatment methods is the main factor behind the dominance of the European dental consumables market.
The key companies operating in 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.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed