The dental consumables market is expected to witness significant growth in the coming years. Factors such as the rapid rise in geriatric population, growing dental tourism in emerging markets, rising incidences of dental caries and other periodontal diseases, growing disposable incomes (resulting in increased willingness to spend out-of-pocket), rising demand for cosmetic dentistry, and increasing dental care expenditure are the major factors driving the growth of the global dental consumables market.
The global dental consumables market is projected to reach USD 35.35 Billion by 2021 from USD 25.45 Billion in 2016, at a CAGR of 6.8% from 2016 to 2021. However the high cost and limited reimbursement for dental care and shortage of dental professionals are expected to restrain the growth of this market to certain extent.
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In this report, the dental consumables market is segmented on the basis of type-of-product, type-of-end user, and region. On the basis of product type, the market is segmented into dental restoration, orthodontics, periodontics, endodontics, infection control products, finishing and polishing products, whitening products, and other dental consumables. The dental restoration segment accounted for the largest share of the global dental consumables market in 2015 owing to its wide utilization by dental professionals for the teeth regeneration and restoration procedures. Based on type of end-users, the market is segmented into dental hospitals and clinics, dental academic and research institutes, and forensic laboratories.
In 2015, Europe dominated the dental consumables market followed by North America, Asia-pacific, and Rest of the World. This is mainly due to the region’s aging population, governmental expenditure on oral healthcare across Europe, and the high reimbursement rate. Moreover, Europe is the region of origin of implant dentistry; therefore, the penetration rate of dental implants is also very high in this region. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period. Growth in the Asia-Pacific market can be attributed to the increasing number of geriatric population, growing number of dental diseases, growing dental expenditure, and increasing number of dental hospitals and clinics.
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