Crowns and bridges are projected to grow as leading products in the dental consumables market at an estimated CAGR of 7% during the forecast period (2020-2025).
Rockville, United States – January 7, 2020 /MarketersMedia/ —
Dental consumables are products which are used in oral health processes including dental impression materials, implants, crowns, prosthetics, and braces. These products most commonly find use in periodontal disease treatment, tooth restoration, caries, among other dental impairments.
The global dental consumables market is projected to grow at a healthy CAGR of ~6 per cent through the forecast period till the end of 2025. This growth can be attributed to the increased affordability of dental consumable products, and the consequent rise of adoption rates. The sales for dental consumables is also expected to rise to USD 35 billion by the end of this period.
Rising Demand for Aesthetic Dentistry Drives Use
The dental consumables market is expected to rise in the near future, with increased awareness activities by major organizations such as Colgate, the American Dental Association, and others. The increasing adoption rates are also being supported by changes in consumer preferences, among the large population of Gen Y and millennials, who prefer increased focus towards aspects of physical appearance.
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As a result, bridges and crowns have become one of the dominant products in the global dental consumables market, as these items can be used for a variety of applications including discoloration of teeth, filling gaps, and repairing dental fractures. In addition, the use of crowns and bridges also increases the durability of teeth, while also supporting natural feel and look of tooth prosthetics.
Dental Tourism Trends Bolster Growth Opportunities for Emerging Economies
With increased interest being displayed by patients towards oral care, major manufacturers in the dental consumables market are pushing their efforts towards innovations in new technologies and materials, relevant to the applications of endodontics, orthodontics, and periodontics, which makes treatment processes easier.
At present, countries in the European Union are dominating the worldwide demand for dental consumables, with North America following close behind. The growth in these regions can be largely attributed to the higher number of market players operating and growing in these countries. In addition, these nations, also have easier access to cutting edge technologies such as computer aided manufacturing, and computer aided design.
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On the other hand, players are finding a number of lucrative opportunities arising from emerging economies around the world, particularly with those of the Asia Pacific, such as India and China. These opportunities come from the lower costs of dental care in these regions and a rising prevalence of dental tourism practices in the region, which will influence growth through the forecast period.
Artificial Intelligence to Play Greater Role
Key diagnostic procedures such as scanning x-rays sheets for caries is still conducted manually by health care professionals. However, this process is often liable for misdiagnosis, and has generated a requirement for increased automation and accuracy in diagnostics.
With the advent of artificial intelligence technologies, oral issues are detected with greater frequency and accuracy, which also is expected to boost the adoption rate of dental consumables in the near future, which is made possible through the analysis of massive data sets, which was not possible through manual means.
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Source: MarketersMedia
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