Global Dental Consumables Market Gaining Impetus: Projected to touch USD 47.8 Billion by 2027, growing at the CAGR of 8.6 % during the forecast period (2021-2027)
Published | 14 June 2021
A study, recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global dental consumables market was worth USD 26.1 Billion in the year 2020. The market is estimated to grow at the CAGR of 8.6 %, earning revenue of around USD 47.8 Billion by the end of 2027. Dental consumables are the tools used to treat dental problems such as tooth restoration, gum disease, and dental hygiene. Factors contributing to the growth of the dental consumables market are the rise in dental diseases and the increase in the geriatric population. However, the high cost of dental treatment and limited reimbursement policies hampers the dental consumables market.
Rising demand for cosmetic dentistry propelling the market forward
The rising demand for cosmetic dentistry is one of the most important reasons driving the dental consumables industry forward. With age, teeth usually fade to a yellowish tone. Additionally, tooth decay further contributes to a less-than-youthful appearance. Advanced cosmetic dental techniques, such as laser whitening and natural-colored inlays and crowns, have made it feasible to restore the youthful appearance of aging teeth. Whitening/bleaching is the most common cosmetic procedure for discolored teeth. People are also opting for aesthetic dentistry as they prefer less intrusive methods and technologies such as dental lasers.
Rising incidence of dental diseases driving the market growth
Dental disorders are becoming more common as a result of increased consumption of aerated drinks, sweets, and fast food, which is fueling the expansion of the dental consumables industry. The rising incidence of cavities and tooth decay as a result of poor eating habits, as well as the rising incidences of oral and dental disorders as a result of sedentary lifestyles and poor dietary habits, motivates people to maintain good oral hygiene. Also, many oral disorders are caused by pre-existing health issues such as diabetes, a weakened immune system, poor dental hygiene, and inheritance. What’s more, tobacco use is also a substantial risk factor for gum disease.
High cost of the dental treatment and limited insurance cover impeding market growth
A significant factor that is limiting the growth of the dental consumables market is the high cost of dental treatment. This cost includes the overhead cost that includes payment for the practice space, comfort, and décor of the clinic. Furthermore, because of staff compensation, electricity usage, and the deployment of cutting-edge technology machines, the cost of the treatment frequently exceeds that of many other significant medical treatments. Unfortunately, insurance does not cover much when it comes to dentistry. It only covers the expense of cleaning and X-rays. People often find it difficult to visit the dentist because of these restrictions.
Impact of COVID-19 in the industry
COVID-19 has had a profound impact on the healthcare industry, as it has on any other industry. The COVID-19 pandemic has not spared the dentistry sector. When COVID-19 was declared a pandemic, many dentists chose not to open their clinics and instead turned to telemedicine to avoid any face-to-face contact with patients. Eventually, they began prescribing antibiotics on phone consultations. Dentists, including endodontists, still believe that providing face-to-face consultations may be dangerous until the pandemic is over. Despite using PPE kits and antiseptics, dentists are still concerned that the virus could spread via face-to-face consultations. This has resulted in a dearth of dental care for all, with only emergency treatment available.
Implants occupy the largest share of the global dental consumables market
Based on product types, the dental consumables market is divided into Implants, Prosthetics, Orthodontics, Endodontics, Infection Control, Periodontics, Whitening Products, Finishing Products, Sealants, and Splints. Among these, the dental implants segment led the dental consumables market and captured a significant overall market share in 2020. High Biocompatibility, Osseo Integration, and durability are the main factors contributing to the dominance of the dental implants segment of the global dental consumables market. Additionally, the popularity of laser treatment among the population is also supporting the growth in the dental implants segment.
North America is expected to witness significant growth in the market during the forecast period
The global dental consumables market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa based on the region. Among all these regions, North America is likely to lead the market over the estimated period. The global dental consumables market is being fueled by increasing awareness regarding dental treatments, the use of improved technologies, and an increase in the number of cases of dental problems. In addition, increasing healthcare expenses by the government and the growing geriatric population adds to the global dental consumables market growth in the area. Furthermore, the key players are emphasizing mergers and acquisitions as well as strategic collaborations, both of which contribute to market growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global dental consumables market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global dental consumables market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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