Dental Consumables Market | Asia-Pacific is expected to grow at the highest CAGR of 7.6% from 2017 to 2023

Dental Consumables Market Expected to Reach $55,584 Million by 2023

PORTLAND, OREGON, UNITED STATE, March 21, 2022 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, Dental Consumables Market by Product: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global dental consumables market was valued at $38,921 million in 2016, and is projected to reach $55,584 million in 2023 at a CAGR of 5.2% from 2017 to 2023

The dental consumables market is expected to grow significantly during the forecast period, owing surge in dental tourism. As dental treatment is expensive in developed countries, patients opt for dental tourism in countries such as India, Philippines, Thailand, Mexico, Turkey, Dubai, Poland, Costa Rica, Poland, and Hungary, which provide low cost and quality treatment.

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The major factors that drive the growth of the global dental consumables market include rise in prevalence of dental diseases, surge in geriatric population, which is prone to tooth loss, increase in awareness towards oral health, and rise in dental tourism. However, high cost of dental products and limited reimbursement policies are expected to restrain the market growth. Conversely, huge untapped market potential in the emerging countries, such as China and India, and high adoption of cosmetic procedures are expected to provide lucrative opportunities to the market players.

Retail care essentials segment occupied the largest share in 2016, followed by dental implants, owing to high usage, applicability, and availability of retail care essential products such as toothbrush, toothpastes, and others. Furthermore, dental prosthetics segment is expected to grow at a high CAGR of 11.2% from 2017 to 2023. This is attributed to increase in number of dental restoration procedures across various regions due to low focus on oral hygiene.

Dental Consumables Market Key Segments:

Dental Implants & Prosthetics Market, By Material

Metals
Polymers
Ceramics
Biomaterials

Key Findings of the Dental Consumables Market:

Retail dental care essentials segment accounted for more than three-fifths share of the global dental consumables market in 2016.
Orthodontics segment is expected to grow at a CAGR of 8.2% from 2017 to 2023.
Crown segment accounted for more than two-fifths share of the dental prosthetics market in 2016.
Dental wash solutions segment is expected to grow at a CAGR of 4.5% from 2017 to 2023.
Metals segment accounted for around three-fifths share of the global dental implants & prosthetics market in 2016.
Europe accounted for nearly two-fifths share of the global market in 2016.
Asia-Pacific is expected to grow at the highest CAGR of 7.6% from 2017 to 2023

North America accounted for more than one-third share of the global market in 2016, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in incidence of dental diseases, growth in geriatric population, rise in patient awareness about the availability of treatment options, and favorable reimbursement framework in the region. In addition, high adoption rate of dental consumables and presence of highly sophisticated healthcare infrastructure are expected to present new growth opportunities to the players in this market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Analytics LLP
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