Press release
6.8% CAGR growth by 2023 in Oral Care Products Market |Major Vendors - STRAUMANN, DANAHER, DENTSPLY SIRONA, CARESTREAM HEALTH, SIRONA DENTAL SYSTEMS, JOHNSON & JOHNSON, PROCTER & GAMBLE, GLAXOSMITHKLINE, UNILEVER, among others.
United States Leads the Market in North AmericaThe United States oral care products market held the largest share in 2017 in North America due to the presence of high-quality healthcare system and modern medical technology in the country. Additionally, the rising aging population in the region is likely to contribute toward the growth of the oral care products market.
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As the price is continuing to rise for dental care in the developed countries, more people are either foregoing necessary dental treatment or looking for more affordable alternatives, such as dental tourism, for getting the dental treatment they require. India’s medical tourism sector is expected to experience an annual growth of around 30%, making it a USD 2 billion market in 2015. This factor is increasing the usage of oral care products and driving the market. The increase in awareness about oral hygiene and fresh health is driving the oral care products market. Shortage of dental professional is one of the major restraining factors for oral care products.
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Market Segments:
Oral care products market is segmented by:
1. Dental Prosthetics: Dental Implants & Abutments, Dentures, Crown, Others
2. Dental Biomaterials: Dental Bone Grafts, Tissue Regenerative Materials, Others
3. Oral Imaging: Oral X-ray, Dental CBCT, Dental Optical Imaging, Others
4. Dental Hygiene: Mouthwash/Dental Rinse, Dental Accessories, Dental Bleaching/Whitening Products, Toothbrush, Toothpaste, Others
5. Lab Equipment: CAD/CAM, Others
6. Orthodontics: Fixed Braces, Removable Braces
7. Periodontics: Dental Anaesthetics, Dental Haemostats, Dental Sutures
8. Endodontics: Endodotics Files, Obturators, Permanent Endodontic Sealers
9. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market:
• August 2017: Straumann Group acquired the ClearCorrect.
• June 2017: Johnson & Johnson acquired Actelion.
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