Arunachal Pradesh Headlines

Dental Consumables Market: Opportunities & Challenges

 Breaking News
  • No posts were found

Dental Consumables Market: Opportunities & Challenges

October 09
19:46 2019
Dental Consumables Market: Opportunities & Challenges

The prominent players operating in the dental consumables market include Straumann Holding AG (Switzerland), Danaher Corporation (US), Dentsply Sirona (US), 3M Company (US), Henry Schein, Inc. (US).
Growth in the dental consumables market can primarily be attributed to the rising incidence of dental diseases, increasing demand for cosmetic dentistry, growing dental tourism in emerging markets, and the increasing disposable income in developing countries.

The dental consumables market is projected to reach USD 38,727.5 million by 2024 from USD 27,868.0 million in 2019, at a CAGR of 6.8% during the forecast period. Growth in the dental consumables market can primarily be attributed to the rising incidence of dental diseases, increasing demand for cosmetic dentistry, growing dental tourism in emerging markets, and the increasing disposable income in developing countries. However, the high cost and limited reimbursements for dental procedures are expected to limit the growth of this market to a certain extent.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=699

How the penetration rate of dental implants in developing countries is an opportunity?

The penetration of dental implants is very low in developing countries and also in certain developed countries such as the UK, owing to their high prices. However, with the increasing number of clinics in these countries and the availability of quality dental services at relatively lower costs, the acceptance of dental implants is expected to increase in the near future. The dental implants markets in the UK and France is also expected to grow due to the increasing focus on cosmetic dentistry.

Advanced aesthetic solutions in restorative dentistry have limited acceptance in India, Brazil, and Russia. These countries require extensive promotional and awareness campaigns for both dentists as well as consumers to ensure product visibility and increased acceptance. Hence, Asian and Latin American countries as well as certain European countries offer significant growth opportunities for the dental implants segment of the dental consumables market. Knowing the potential in these regions, a majority of the market players are strategically increasing their presence in various developing countries by opening new subsidiaries, collaborating with various dental product distributors and dental universities, and partnering with local players.

Why the dearth of trained dental practitioners is a challenge?

The demand for dental care services is expected to grow across the globe mainly due to the changing demographics, growing dental care awareness, and the rising prevalence of dental diseases. However, a shortage of dental professionals in countries such as the US is expected to restrain market growth to a certain extent. According to the Health Resources and Services Administration (HRSA), an agency of the US Department of Health and Human Services, 198,517 dentists were active in 2017 in the US, which is expected to increase to 202,600 by 2025. Based on dental workforce data from 2012, it is estimated that the excess growth in demand in relation to dentist supply will result in a national shortage of dental professionals in the US. Similarly, according to a report titled “The Future of Dentistry” by the American Dental Association, the number of dentists per 100,000 people has declined in the US during the last decade; a shortfall of 16,046 dentists is expected in the US by 2020. Similarly, regions such as Africa, Asia, and Latin America have a shortage of oral health personnel. For instance, in Africa, the dentist-to-population ratio is ~1:150,000 (this figure is ~1:2,000 in developed countries). According to the Ministry of Health and Welfare, in 2016, the dentist-to-population ratio in India was 1:8,000 in urban areas and 1:50,000 in rural areas. The shortage of dentists in these countries is one of the major factors that is expected to reduce the adoption of dental consumables in spite of the presence of a large target patient population.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=699

Browse Related Reports:

Dental Implants and Prosthesis Market by Type (Dental Implants, Bridge, Crown, Abutment, Dentures, Veneers, Inlay & Onlays), Material (Titanium, Zirconium, Metal, Ceramic, Porcelain Fused To Metal), Type of Facility – Global Forecast to 2023

Oral Care/Oral Hygiene Market by Product (Toothbrush (Manual, Electric, Battery-Powered), Toothpaste, Mouthwash, Dental Floss, Teeth Whitening), Distribution Channel (Consumer Store, Retail Pharmacy, e-commerce), Region – Global Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/oral-care-products-dental-consumables-market-699.html

Related Articles