ALBANY, New York, May 9, 2016 /PRNewswire/ --
Transparency Market Research has published a new market report titled, "Dental Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023." According to the report, the global dental consumables market was valued at US$ 16,492.2 Mn in 2014 and is projected to expand at a CAGR of 5.7% from 2015 to 2023 to reach US$ 27,589.6 Mn in 2023.
The rise in global dental tourism induced by low labor costs, low fixed infrastructure costs and minimum government intervention in emerging economies such as India, Hungary and Turkey, has led to the rise in demand for dental consumable products in these nations. The major growth driver for the dental consumables market in developed countries such as the U.S., Australia, the U.K. and Germany; includes introduction of government initiated dental reforms such as The Comprehensive Dental Reform Act, 2012 along with other growth attributors such as global aging population and rise in demand for cosmetic dentistry.
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Crown and bridges market is estimated to be the largest and fastest growing segment during the forecast period. Within the dental crowns and bridges segment, the ceramic fused to metal sub-segment held major share in terms of revenue, yet the pure ceramic implant is likely to surpass the ceramic fused to metal market by 2023. Dental implants reported to be the second leading segment is assessed to be an emerging trend among people with missing teeth due to accidents, disease, and injuries. Dental implants are mostly made of titanium and zirconium. Over the relatively short history of dental implants, titanium was determined to be the choice material for implant designs. Titanium, when installed correctly, could withstand the workload of the human jaw similarly to the natural tooth.
Linaclotide is another potential drug, which is currently in phase II clinical trial. Phase I clinical trial (KODIAK16) is underway to assess. Similarly, dental biomaterials market is studied and estimated based on tissue regenerative, dental bone graft and membranes which are used to recover damaged and fractured teeth.
The orthodontics segment which includes anchorage appliances, ligatures, brackets and archwire is expected to grow at the second highest growth rate in the global dental consumables market. Endodontic products which deals with diagnosis and treatment of impairments related to tooth root, dental pulp and surrounding tissues studies are based on endodontic files, obturation products and endodontic sealers. The endodontic products are widely used in root canal treatment which is regarded to be one of the most common dental procedures performed across the globe. Despite repeated usage, low cost associated with the product components will lead to low market share during the forecast period of 2015-2023.
The periodontics segment include power driven scaling devices, dental sutures, locally applied therapeutic products, dental anesthetics and dental hemostats. Whereas, retail dental care essential products, one of the prime contributing segment is studied and estimated considering components such as dental brushes, whitening agent, specialized dental pastes, dental wash solutions and dental floss. Rising awareness regarding personal hygiene has resulted in the increased use of retail care products over the past few years. Most of these products are easily available in general retail stores and prescribed by mid-level practitioners. These factors combined with low marketing costs help in keeping the price of these products low and affordable to all. The market for others segment comprises face masks, distilled water, patient bibs, waste disposables and gloves.
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Rise in dental tourism in emerging market, aging trends and need for painless procedures, along with recent advancements in the dental implant techniques and number of procedures conducted average product consumption trend across the globe as well as country wise. All the above mentioned factors collectively drive the growth of the global dental consumables market.
The prominent companies profiled in this report includes 3M Health Care, Danaher Corporation, DENTSPLY International, Inc., Henry Schein, Inc., Institut Straumann AG, Ivoclar Vivadent AG, Nobel Biocare Holdings AG, Patterson Companies, Inc., Septodont, Ultradent Products, Inc. and Zimmer Biomet Holdings, Inc.
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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