Rising Demand for Cosmetic Dentistry
Factors, fueling the dental consumables market, include shifting trends among patient preferences and the growing demand for cosmetic dentistry. Dental practicing, as well as 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
A large number of 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% are with dental insurance, but 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.
Europe Governs the 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-month 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
22.214.171.124 Dental Cement
126.96.36.199 Dental Bone Graft
188.8.131.52 Tissue Regenerative Material
7.1.4 Gingival Retraction Material
184.108.40.206 Gingival Hemostatic Agents
220.127.116.11 Gingival Retraction Cord
18.104.22.168 Gingival Retraction Paste/Gels/Cap
7.1.5 Dental Anesthetic
22.214.171.124 Topical Anesthetics
126.96.36.199 Injectable Anesthetic
188.8.131.52 Non-injectable Anesthetic
7.1.6 Dental Syringe
184.108.40.206 Non-disposable Syringe
220.127.116.11 Disposable Syringes/ Safety Syringes
7.1.7 Endodontic Supplies
7.2 Segmentation - by Geography
7.2.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 New Zealand
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
7.2.4 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East & Africa
7.2.5 South America
126.96.36.199 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. Key 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