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Dental Consumables Market Key Drivers, Analysis, Trends, Overview And Forecast To 2033
Dental Consumables Market Key Drivers
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According to The Business Research Company's, The dental consumables market size has grown strongly in recent years. It will grow from $35.52 billion in 2023 to $38.19 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growing dental disorders, increased awareness of oral health, rising cosmetic dentistry procedures, government initiatives for oral health, shift towards minimally invasive dentistry, increasing disposable income.
The dental consumables market size is expected to see strong growth in the next few years. It will grow to $50.45 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to customization of dental consumables, economic growth in emerging markets, rise in teledentistry services, focus on preventive dentistry, environmental sustainability, patient-centric approach. Major trends in the forecast period include technological advancements in materials, expansion of implant dentistry, shift toward minimally invasive dentistry, e-commerce and online sales channels, focus on infection control, sustainability and eco-friendly practices.
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Market Drivers and Trends:
The rising geriatric population is expected to propel the growth of the dental consumables market going forward. The geriatric population is the population segment that consists of older adults, typically defined as individuals 65 or older. Dental consumables are crucial in addressing oral health issues in the geriatric population, providing solutions for common problems such as tooth decay, gum disease, and tooth loss, which can significantly impact their overall health and quality of life. For instance, in October 2022, according to the World Health Organization, a Switzerland-based specialized health agency, globally, 1 in 6 individuals would be 60 or older by 2030 and is expected to reach 2.1 billion elderly people by 2050 . Therefore, the rising geriatric population is driving the growth of the dental consumables market.
Advanced dental technologies are the key trend gaining popularity in the dental consumables market. Major companies operating in the market are focused on innovating new dental technologies to sustain their position in the dental consumables market. For instance, in June 2021, EnvisionTEC, a US-based company, announced the launch of Flexcera Next Generation 3D Printed Dentures, a proprietary resin technology combining advanced science with 3D printing technology for dental prosthetics that help in providing patients with solutions for stronger, more attractive, and more functional teeth. One of its special advantages is its ability to print up to eight customised Flexcera dentures in less than two hours, delivering on the promise of same-day, premium dental prosthetics. It is three times stronger than some rival resins and has exceptional fracture resistance.
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Major Key Players of the Market:
Straumann Holding AG, Envista Holding Corporation, Dentsply Sirona Inc., 3M Company, Ivoclar Vivadent AG, Young Innovations Inc., Septodont Holding Inc., Nakanishi Inc., Osstem Implant Co. Ltd., Patterson Companies Inc., Nobel Biocare Services AG, Kulzer Ltd., Keystone Dental Inc., Brasseler USA, Ace Surgical Supply Co. Inc., American Eagle Instruments Inc., Argen Corporation, Axsys Dental Solutions, Coltene Ltd., Crosstex International Inc., Danaher Corporation, GC America Inc., GlaxoSmithKline plc, Henry Schein Inc., Hu-Friedy Mfg Co. LLC, Kerr Dental Supply & Equipment Co. Inc., Kuraray Noritake Dental Inc., Mydent LLC, NSK America Corporation, Parkell Inc., Pentron Clinical Corp., Plasdent Company Ltd., Premier Dental Products Company, Procter & Gamble Co., Shofu Dental Corporation, Sunstar Suisse S.A., Tokuyama Dental Corporation, Ultradent Products Inc., VOCO GmbH
Dental Consumables Market 2024 Key Insights:
• The dental consumables market size is expected to see strong growth in the next few years. It will grow to $50.45 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Increasing Dental Disease Incidence Boosts Dental Consumables Market Growth
• Innovation In Advanced Dental Technologies Reshapes The Dental Consumables Market
• North America was the largest region in the dental consumables market in 2023
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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