Global Growth Drivers:
The market's industry trends are analyzed in the latest research study. Industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and market purchasing behavior are all included in the latest research study. Europe held the biggest market share in 2021, followed by North America. The primary factors propelling the growth of the European dental market are the expanding awareness of oral health, the rapidly expanding target population, the growing importance of dental aesthetics, and the abundance of market players providing dental products.
Objectives of the Study:
# To define, describe, analyze, and forecast the size of the dental consumables market on the basis of product, application, end user, and region.
# To provide detailed information on the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
# To strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the overall market
# To forecast the size of the market segments with respect to North America, Europe, Asia Pacific, latin America and Middle East and Africa.
# To profile key players and comprehensively analyze their product portfolios, market positions, and core competencies.
# To track and analyze competitive developments such as product launches, partnerships, acquisitions and other developments in the market.
# To benchmark players within the global market using the Competitive Leadership Mapping framework which analyzes market players on various parameters within the broad categories of business and product strategy.
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Revenue Growth Dynamics:
The dental consumables market is expected to grow at a compound annual growth rate (CAGR) of 9.5% from 2022 to 2027, from an estimated $35.3 billion in revenue in 2022 to $55.7 billion by that time.
Data Triangulation:
Following the determination of market size, various segments of the global market were identified. Data triangulation and market breakdown procedures were used where appropriate to finish the entire market engineering process and obtain the precise statistics for every segment.
Opportunity: Growing focus on emerging markets & rising disposable income levels
In most developing nations as well as some developed nations, like the UK and Germany, dental implants are not widely used. Due to the high cost of dental implant procedures and a shortage of trained dental professionals, large and emerging economies like China and India have low adoption rates for dental implants. Only 15-20% of the 1.2 million practicing dentists worldwide, according to Institut Straumann, carry out implant procedures; the countries with the highest implant penetration rates are South Korea and Italy. Players in this arena have a lot of opportunities because of the unexplored market potential in these regions.
Positive government initiatives and policies also draw a number of industry participants to these markets. For example, India's reduction of the 16 percent customs duty on dental products to 8 percent has created opportunities for foreign players. Additionally, the number of privately owned dental clinics in China has increased as a result of government deregulation and relaxation of requirements for the establishment of private healthcare facilities.
These kinds of government programs in developing nations will promote the use of cutting-edge technologies like CAD/CAM systems and premium restoration supplies and equipment. The market in these countries is anticipated to see significant growth opportunities due to the introduction of advanced restoration products and digital systems, as well as training workshops for dental practitioners and dental laboratory professionals to ensure efficient use of the advanced equipment and restoration products.
Geographical Growth Dynamics:
Europe accounted for the largest share of the global dental consumables industry, by region in the forecast period.
With a share, the dental consumables market is largest in Europe. The market is expanding due to an increase in government spending on dental health.More than 50% of Europeans may have periodontitis, and over 10% have severe dental disease, according to The State of Oral Health Europe report, which was released in April 2022. The prevalence of these conditions rises to 70–85% of people in the 60–65 age range. Furthermore, according to World Health Organization (WHO) updates from March 2022, a rising proportion of oral cancers among young people in Europe are caused by human papillomavirus infections. This will improve the use of dental consumables such as crowns and bridges, which is anticipated to fuel the growth of the European market.
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Leading Players Operating in This Industry:
Key players in the Dental consumables market: Institut Straumann AG (Switzerland), Envista Holdings Corporation (US), Dentsply Sirona (US), Zimmer Biomet Holding Inc. (US), 3M Company (US), Henry Schein, Inc. (US), Kuraray Noritake Dental (Japan), Mitsui Chemicals (Japan), Geistlich Pharma AG (Switzerland), Ivoclar Vivadent (Liechtenstein), GC Corporation (Japan), Keystone Dental Inc. (US), BEGO GmbH & Co. KG (Germany), Septodont Holding (France), Ultradent Products (US), VOCO GmbH (Germany), COLTENE Group (Switzerland), SDI Limited (Australia), Young Innovations, Inc. (US), DMG Chemisch-Pharmazeutische Fabrik (Germany), Brasseler USA (US), SHOFU INC. (Japan), Zhermack SpA (Italy), BISCO, Inc. (US), and Dental Technologies Inc. (US).
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