Dental Consumables Market Size will Grow at a CAGR of 3% During Forecast Period

Posted June 26, 2023 by shitalt

The Dental Consumables Market is projected to reach 61.68 billion by 2030, at a CAGR of 9.8% from 2023 to 2030.
Dental consumables have various uses in treating dental diseases, such as tooth restoration, tooth decay, and gum and gum tissue-related problems. These include dental implants, dental prosthetics, orthodontic and periodontics products. The growing awareness about oral health, the growing significance of dental aesthetics, and the growing target population for dental treatments drive the growth of the dental consumables market.

According to this latest publication from Meticulous Research®, the Global Dental Consumables Market is projected to reach $61.68 billion by 2030, at a CAGR of 9.8% during the forecast period. The growing prevalence of dental diseases, the rising demand for cosmetic dental procedures, growing medical tourism for dental procedures, and the increasing global geriatric population are the factors driving the growth of this market.

Growing Medical Tourism for Dental Procedures Drives the Dental Consumables Market Growth

Dental tourism is growing rapidly due to the increasing demand for cosmetic dentistry, lower costs of simple and complex dental procedures in developing countries, and people’s desire to experience their preferred holiday destinations. The growth in medical tourism is largely observed in low-to-middle-income countries, mainly due to the low cost of dental procedures. Countries in Asia-Pacific are preferred for most medical procedures, including complex dental procedures that are significantly costlier in developed countries such as the U.S., Canada, and the U.K.

For instance, dental implantation costs around USD 3,500 (value implants) to USD 15,000 (premium implants) in the U.S., excluding the cost of abutment, crown, and tooth and root extraction procedure. In contrast, the cost of dental implantation in major APAC countries ranges from USD 800 to USD 1,000. Moreover, patients can receive similar or even better treatments in many APAC countries. Similarly, developing economies in Latin America, such as Brazil, Mexico, and Colombia, are also major hotspots for dental tourism due to the low costs of dental procedures.

Based on product, in 2023, the orthodontics segment is expected to account for the largest share of the market. This segment is further segmented based on type and material. The high prevalence of malocclusion and the growing adoption of clear aligners/removable braces for aesthetics are the major factors contributing to this segment's large market share.

Based on end user, in 2023, the dental clinics & hospitals segment is expected to account for the largest share of the market. Factors contributing to the large market share of this segment include the increased prevalence of dental disease, the consolidation of dental clinics, and the availability of wide treatment options at dental clinics & hospitals.

Geographic Review:

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America), and the Middle East & Africa ( Saudi Arabia, UAE, and Rest of Middle East & Africa).

In 2023, North America is expected to account for the largest share of the dental consumables market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest market in North America. The rising number of dentists, increasing budget for dental research, high prevalence of oral diseases, awareness about oral hygiene and preventive measures against oral diseases, and the presence of leading market players contribute to the large share of this market.

Key Players

The key players operating in the global dental consumables market are Institut Straumann Ag (Switzerland), Dentsply Sirona inc. (U.S.), Zimmer Biomet Holdings Inc. (U.S.), Envista Holdings Corporation (U.S.), Dentium Co. Ltd (South Korea), OSSTEM IMPLANT CO., LTD. (South Korea), Medlline Industries, Inc., (U.S.), Kulzer GmbH (Germany), Ultradent Products, Inc. (U.S.), Align Technology, Inc. (U.S.), SmileDirectClub, Inc. (U.S.), Ivoclar Vivadent Ag (Liechtenstein), Koninklijke Philips N.V. (U.S.), Colgate-Palmolive Company (U.S.), and The Procter & Gamble Company (U.S.).

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Key questions answered in the report-

Which are the high-growth market segments in terms of product, end user and regions/countries?
What was the historical market for dental consumables across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, challenges, opportunities, and trends in the global market of dental consumables?

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Issued By Shital Thakare
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Categories Blogging
Tags dental consumables market
Last Updated June 26, 2023