COVID 19 Analysis: Dental Consumables Market 2020 Leading Growth Drivers, Emerging Audience, Emerging Factors And Segments

Dental Consumables Market Overview

Dental consumables are products used by dental practitioners on patients to perform procedures related to preventive, restorative, diagnostic, and emergency dental issues. The dental consumables industry in North America is prognosticated to witness catapulting growth during the forecast period, as per the latest MRFR report. The Market Research Future (MRFR) report has mentioned that the North America dental consumables market is likely to expand at 6% CAGR, garnering a market revenue of USD 5,290.9 million during the assessment period. Many factors are underwriting to the growth of the global dental consumables market. One of the primary market drivers includes the comprehensive advancements made in the application of dentistry techniques by many professional dental professionals across the region.

Furthermore, rapid population growth in America has consistently contributed to the upscaling of the North American dental consumables market. Various repairs and preventive care measures associated with the oral health of the population in North America has contributed majorly to the augmentation of the dental consumables market. According to the American Dental Association, 52.3% adults reported that they visited the dentist every six months, 15.4% visited once a year, and 11% visited every 2 to 3 years, in 2014. These statistics further support the prediction that the dentistry market is ever growing.

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Other factors propelling the dental consumables market in North America to also include the prevalence of dental illnesses, rising number of dental procedures and the increasing geriatric population. Additionally, increasing government support towards research & development, mounting healthcare expenditure, and technological developments have pushed the North America dental consumables market to a great extent. However, inadequate reimbursement policies and the grey dental distribution market are likely to hinder the dental consumables market growth in the forecast period.

Dental Consumables Market Segmentation

The North America dental consumables market has been segmented on the basis of type. The segments based on type include dental prosthetics, dental restorative materials, dental implants, and dental regenerative material. The dental implants segment ruled the North America market in 2016 and is estimated to exhibit the fastest growth during the review period. The dental implants segment expected to reach a market valuation of USD 2,103.9 million by the end of 2023.

Dental Consumables Market Regional Analysis

In North America, the U.S. is estimated to grow at a significant rate owing to a mounting expenditure on healthcare. Further, rapid adoption of the latest products in the U.S. is expected to drive the dental consumables market in the region. High concentration of healthcare companies in the developed countries in the region, along with mushrooming insurance penetration are also likely to fuel exponential market growth in North America. The U.S. is anticipated to spearhead the North America dental consumables market, reaching a revenue valuation of USD 1,570 million by the end of the forecast period of 2017-2023. Such growth in the country can be attributed to a highly health-conscious population residing in the region. Also, growing geriatric population, proliferating number of dental procedures and rising prevalence of dental diseases due to poor oral hygiene are significant contributors to the substantial growth of the dental consumables market in the U.S.

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Dental Consumables Market Key Players

The North America dental consumables market boasts the presence of numerous noteworthy players that are influencing the growth curve in the forecast period. These market players have been profiled in the latest report published by Market Research Future (MRFR). Some of these vendors include Institut Straumann AG, Henry Schein, Inc, Patterson Dental Supply, Inc., Dentsply Sirona, Kerr Corporation, Danaher Corporation, GC orthodontics, Planmeca Oy, and American Orthodontics.

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