Rising Demand for Cosmetic Dentistry Propels the Dental Consumables Market
Factors, fueling the dental consumables market, include shifting trends among patient preferences and the growing demand for cosmetic dentistry. Dental practicing, as well as the dental consumables market, has been affected by the increased demand for cosmetic procedures. Furthermore, there has been a significant investment in cosmetic dentistry, over the past five years. According to a research survey, most procedures have experienced a phenomenal growth of 200%. Dental crowns and bridges are the key components for growth, in cosmetic dentistry. Women constitute the majority of the population undergoing cosmetic dentistry when compared to men. The demand growth has been accelerated mainly by millennials and baby boomers, with millennials accounting for a growing portion of this revenue. Since this group has surpassed the baby boomers, owing to a large portion of the US population, it is expected to accelerate the percentage of revenue and continue to increase over the coming years.The others factors, such as increasing access to dental facilities, global economic growth, and increase in the aging population, are driving the market.
Very Low Dental Insurance Coverage in Comparison to General Health Insurance Restrains the Growth of Dental Consumables Market
A large number of the population does not have dental insurance, in comparison to the general health insurance, around the world. Negligence toward dental care is one of the major factors leading to such a small number of dental insurance coverage. It is reported that 50% of the US citizens are without dental insurance, and around 77% of people with dental insurance delay their dental care. This shows that a large number of the population remains ignorant toward dental care and give it the least priority. Due to this factor, people do not have insurance coverage and have to pay out of their pocket for dental treatments. This eventually restrains the dental consumables market.The other factors, such as lack of awareness and apathy toward dental care in developing nations, are hindering the market growth.
Market Segmentation Insights for the Dental Consumables Market
The global dental consumables market is segmented by type of consumables, and geography.
The consumable type segmentation comprises of dental burs, whitening material, dental biomaterial, gingival retraction material, dental anesthetic, dental syringe, and endodontic supplies.
Dental biomaterial includes dental cement, dental bone graft, and tissue regenerative material. Whereas gingival retraction material further includes gingival hemostatic agents, gingival retraction cord, and gingival retraction paste/gels/cap. Dental anesthetic is segmented by topical anesthetics, injectable anesthetic, and non-injectable anesthetic. The dental syringe segment includes non-disposable sringes, and disposable syringes/safety syringes. The endodontic supplies are segmented by files and cement. The dental biomaterials segment held the largest market share in 2017.
Europe to Dominate the Dental Consumables Market
Europe is dominating the dental consumables market, because the geriatric population is increasing in this region, along with the increasing funding for the improvement and expansion of oral health care facilities, across Europe. Asia-Pacific is expected to record a substantial growth over the forecast period.
Key Developments in the Market
- January 2018- Young Innovations acquired Mydent International.
- October 2017- Henry Schein acquired Merritt Veterinary Supplies.
Reasons to Purchase the Report
- Current and future market outlook for dental consumables in the developed and emerging markets
- Analyze various perspectives on the market, with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness the fastest growth, during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the market estimate sheet (in Excel)
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1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Rising Demand for Cosmetic Dentistry
6.1.2 Increasing Access to Dental Facilities
6.1.3 Global Economic Growth
6.1.4 Increase in Aging Population
6.2 Market Restraints
6.2.1 Very Low Dental Insurance Coverage in Comparison to General Health Insurance
6.2.2 Lack of Awareness
6.2.3 Apathy towards Dental Care in Developing Nations
6.4 Key Challenges
7. Market Segmentation
7.1 Segmentation -by Type of Consumables
7.1.1 Dental Burs
7.1.2 Whitening Material
7.1.3 Dental Biomaterial
220.127.116.11 Dental Cement
18.104.22.168 Dental Bone Graft
22.214.171.124 Tissue Regenerative Material
7.1.4 Gingival Retraction Material
126.96.36.199 Gingival Hemostatic Agents
188.8.131.52 Gingival Retraction Cord
184.108.40.206 Gingival Retraction Paste/Gels/Cap
7.1.5 Dental Anesthetic
220.127.116.11 Topical Anesthetics
18.104.22.168 Injectable Anesthetic
22.214.171.124 Non-injectable Anesthetic
7.1.6 Dental Syringe
126.96.36.199 Non-disposable Syringe
188.8.131.52 Disposable Syringes/ Safety Syringes
7.1.7 Endodontic Supplies
7.2 Segmentation - by Geography
7.2.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest Of Europe
22.214.171.124 New Zealand
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
7.2.4 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
7.2.5 South America
18.104.22.168 Rest of South America
8. Competitive Landscape
8.1 Mergers and Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Product Launches
9. Major Players
9.1 Henry Schein Inc.
9.2 Hu-Friedy Mfg Co.
9.3 Ivoclar Vivadent AG
9.4 Nakanishi Inc.
9.5 Patterson Companies Inc.
9.6 Dentsply Sirona
9.7 Ultradent Products Inc.
9.8 Young Innovations Inc.
9.9 3M Company
10. Future of the Market