Increased Oral Care Expenditure among Americans Driving the Demand for Dental Consumables in North America
Dental Consumables Market: Information by Type (Dental Restorative Material, Dental Implants, Dental Implants, Dental Regenerative Material and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Global Forecast till 2027
A new study conducted by Market Research Future (MRFR) claims that the dental consumables market in North America will surge at an impressive CAGR of 6.5% during the forecast period (2017-2023) to reach a valuation in excess of USD 2,100 Mn. A modern consumer is much more aware about benefits of healthy leaving. Aspects such as good health and hygienic lifestyle are a priority for the millennial population. In North America, the incidences of oral disorders and conditions such as dental cavities, tooth decay, dry mouth, gum disease and oral cancer among others are on the rise. Several reasons including negligence and genetics are quoted for vulnerability to and severity of such oral issues. Centers for Disease Control and Prevention revealed that 64 percent of adult Americans aged 18-64 had a dental visit in 2015. The U.S. remains the most important market for dental consumables in North America.
Presence of prominent dental care providers in the region has augured well for market players. Moreover, fast adoption of advanced dentistry techniques is also creating opportunities for dental consumables in the region. Factors as such are expected to support the growth of the market in North America during the review period. Availability of cutting-edge dental treatments and procedures further acts as a positive influence on the dental care domain in the U.S. and Canada. Many of the manufacturers are actively focusing on product innovation and development of purpose build dental consumables.
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Latest Industry Trends and News
- CALCIVIS, a preventive dentistry solution provider has recently unveiled a novel imaging system in the U.K. Reportedly, this system is a world-first that enables real-time visualisation and detection of active demineralization - an initial sign of dental erosion and caries.
- Leading dental equipment and dental consumables producer, Dentsply Sirona has recently launched an updated version of its CEREC Premium Software. The version will have a
The U.S. currently commands for a considerable share of the market and is likely to hold its asserting position in the region during the assessment period. This is mainly owing to factors such as the higher healthcare expenditure and the fast adoption of advanced products in the country. The country remains a prominent destination for investors owing to the presence of favorable growth indicators. Healthcare continues to be an important growth engine for the U.S. economy, the sector currently accounts for nearly 16% of the total GDP of the country. Such figures point out towards a progressive direction for the market in North America over the next couple of years. Increased level of awareness about oral health among consumers is encouraging market players to step up their investment in North America. In addition, rising number oral cosmetic surgeries is creating growth opportunities for the market. Meanwhile, cost of dental procedures such as composite bonding, teeth whitening, implants and inlays & onlays continues to rise in both the U.S. and Canada. Other factors that are likely to support the growth of the market include increasing geriatric population and improvement in oral care giving. The overall outlook towards the dental consumables market in North America remains highly positive for the medium term.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/dental-consumables-market-1806
Some of the leading market participants mentioned in MRFR’s report include American Orthodontics, Henry Schein, Inc, Dentsply Sirona, Danaher Corporation, Planmeca Oy, Institut Straumann AG, Patterson Dental Supply, Inc., GC orthodontics and Kerr Corporation.
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