Press release
North America Dental Consumables Market 2018 Top Key Player - Danaher Co, Patterson Dental, Dentsply Sirona
The North America Dental Consumables Market is expected to reach USD 5,290.9 million by 2023, and the market is projected to grow at a CAGR of ~ 6.0 % during the forecast period 2017-2023.Dental Consumables belong to a category of products that are used on patients by dental practitioners to treat prevent, restore, diagnosis and emergency oral health issues. Dental consumables industry has thus flourished as a result of many factors such as rising expenditure on healthcare, increasing income, technological advancements in products etc.
Well-established companies in the market with a variety of dental consumables hold a significant market share. Though the dental consumables are expensive, most of the users trust on the well-developed brand; thus, major and well settled companies can get a premium cost for their products, which gives predominant profit for their invested money. In most cases, innovation is the most important strategy for the development of the market. Similarly, investing in research & development to introduce innovative and advanced dental consumables can gain the leverage of capturing the maximum share of the North America dental consumables market.
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Furthermore, increasing prevalence of dental diseases and increasing government support for research & development plays an essential role in enhancing the North America dental consumables market. Since the prevalence of different dental diseases has increased, the dental consumables market is expected to rise. The dental consumables market is already saturated; thus, the dental consumables manufacturers can grab the opportunity to develop the market by introducing new and cost effective products. The dental consumables market has been affected due to the cosmetic dentistry, which has shown a remarkable growth in the recent years.
The market drivers for dental consumables market are increasing geriatric population, growing screening, rising awareness about dental healthcare, growing income etc. The market restraints are cost and complications of therapy such as bleeding, pain etc.
North America Dental consumables Market Players
Some of the key players profiled in the report are Institut Straumann AGStraumann, Henry Schein, IncHenry Schein, Patterson Dental Supply, Inc., Patterson Dental, Dentsply Sirona, Kerr Corporation, KERR Corporation, Danaher Corporation, GC orthodontics, Planmeca Oy, and American Orthodontics, and others.
Regional Analysis
The U.S. accounts for a significant market share owing to high expenditure on the health care. Additionally, the fastest uptake of new products in the U.S. drives the dental consumables market. Furthermore, concentration of the major healthcare companies in the developed countries of this region coupled with large insurance penetration is adding fuel to the market growth. Moreover, the U.S. expend high amount on its healthcare, which accounts for 16% of total GDP, that also increases the sale in dental consumables market.
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U.S. has been a fast growing market when it comes to dental consumables. The population in the countries representing this region seem to be the most conscious when it comes to oral health. People living in this region avoid compromising on their oral health. In the U.S., most people are health conscious and they pay more attention to dental health, which allow them to invest more in dental treatments which improves their overall dental health and oral appearance.
Most dental procedures in the U.S. have become expensive. Dental fillings cost in the range of USD 100 to USD 300 each depending on various factors, a root canal is a time consuming process, which may cost up to USD 1000. Increasing geriatric population, rising number of procedures, and increasing prevalence of the dental diseases have driven the growth of the market in the recent past. High healthcare spending, technological advances, and increasing government support for research & development likely to fuel the growth of the market.
Taste the market data and market information presented through more than 17 market data tables and 7 figures spread over 58 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “North America Dental consumables Market” Research Report – Forecast till 2023.
Segmentation
The North America dental consumables market has been segmented on the basis of type.
Based on the type, the market has been segmented as dental implants, dental prosthetics, dental restorative material, and dental regenerative material.
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