ALBANY, New York, January 16, 2017 /PRNewswire/ --
The leading players operating in the Global Dental
Consumables Market held a share of 62% in the overall
market. Danaher Corporation, Dentsply Sirona, Zimmer Biomet
Holdings, Inc., and Henry Schein Inc. have been leading the market
due to their low pricing strategy and excellent brand recognition,
states Transparency Market Research. These players are expected to
focus on mergers and acquisitions to improve their presence in the
global market.
According to Transparency Market Research, the global dental
consumables market is expected to be worth US$33.4 bn by the end of 2024 as compared to
US$19.6 bn in 2015. During the
forecast years of 2016 and 2024, the global market is expected to
surge at a CAGR of 6.1%.
Europe to Acquire a Share of
41.1% by 2024
The various products available in the global market are crowns
and bridges, dental implants, orthodontics, retail dental care
essentials, periodontics, endodontics, and dental biomaterials
among others. Amongst all of these products, the crowns and bridges
segment is expected to show remarkable progress in the coming
years. This segment alone is expected to rise at a CAGR of 7.2%
between 2016 and 2024.
Geographically, this market is segmented into North America, Europe, Asia
Pacific, the Middle East
and Africa, and Latin America. Europe is anticipated to lead the global
market in the coming years due to improving oral health care
facilities across countries such as Norway, Greece, Spain, and the U.K. By the end of 2024,
Europe is projected to acquire a
share of 41.1% in the global dental consumables market by 2024.
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Improvements in Dental Implants Assure Uptake
The emergence of services such as dental tourism in developing
countries of India, Turkey, and Hungary have triggered a massive demand for
dental consumables over the past few years. The low cost of oral
health care services provided in these emerging economies has lured
in several consumers over the past few years for treatment. The low
labor cost, effective treatment methods, and minimum government
intervention pertaining to healthcare industries in developing
countries are expected to boost dental tourism, which in turn is
expected to have a positive reflection on the demand for dental
consumables.
The improving success rates of dental implants, especially for
the upper jaw is also likely to play a crucial role in the
development of the global market. This has led to increased uptake
of several procedures that use dental implants. The market is also
thriving due to the growing incidence of dental diseases such as
tooth decay, gum diseases, tooth erosion, and mouth sores.
Furthermore, high prevalence of periodontal diseases have also
fueled the growth of the global dental consumables market. The
rising disposable incomes in emerging economies and changing
lifestyles, which have inclined patients toward improved oral
health care, are expected to drive the demand for dental
consumables.
High Cost of Treatment and Poor Reimbursement Policies
Restrain Market Growth
The increasing expenditure on the research and development of
dental consumables has spiked the prices of products. Thus, the
high cost of products has also made the treatment costlier, which
is likely to have a negative impact on the sales. The poor
reimbursement policies of in developed countries of France, the U.S., Germany, Spain, Italy,
Australia, and Japan is also hampering the growth of the
overall market as it is coaxing patients to migrate to cheaper
places to seek treatment.
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This review is based on Transparency Market Research's report,
titled "Dental Consumables Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 -
2024."
The global dental consumables market has been segmented as
follows:
- Global Dental Consumables Market, by Product
- Dental implants
- Dental Crowns and Bridges
- Dental Biomaterials
- Orthodontics
- Endodontics
- Periodontics
- Retail Dental Care Essentials
- Other Dental Consumables
- Global Dental Consumables Market, by
Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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