The steady rise of the medical tourism industry, of which dental tourism is a vital part, will augur well for the growth of the global dental consumables market, states a latest report published by Transparency Market Research. The report, titled “Dental Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018,” says that the market will exhibit a 7.1% CAGR from 2012 through 2018. The market’s valuation in 2011 was estimated to be US$14.9 bn and is projected to rise to US$23.8 bn by 2018.
Browse the full Dental Consumables Market (Dental Implants, Crowns & Bridges, Biomaterials, Orthodontics, Endodontics, Periodontics, Gloves, Floss and Brushes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at @ http://www.transparencymarketresearch.com/dental-consumables-market.html
Emerging economies such as Turkey, Hungary, and India have experienced encouraging expansion of their medical tourism markets. This has put the market for dental consumables in emerging economies in high gear. Besides promising prospects of the medical tourism industry weighing favorably in the dental consumables market, the market will also benefit from a rapidly aging population pool. This, backed by a slew of government regulations, will further impel growth, says a TMR analyst. However, the report also notes that the global dental consumables market could face restraints in the form of the lack of proper reimbursement policies and relatively low awareness about dental care in emerging nations.
The report segments the global dental consumables market on the basis of product type and geography. The key product segments are: dental implants, dental bridges and crowns, dental care essentials, orthodontics, dental biomaterials, periodontics, endodontics, and other dental consumables (such as gloves, distilled. The regional markets for dental consumables studied in the report are: North America, Europe, Asia, and Rest of the World.
The largest share in the dental consumables market by product type was claimed by dental crowns and bridges segment 2011. With a share of over 25%, the segment’s strong position is credited to heightened awareness about oral hygiene. TMR analysts forecast rapid growth for the ceramic CAD/CAM market, which has been studied as a part of the larger crowns and bridges market. The report finds that the ceramic CAD/CAM market will exhibit an 18% CAGR from 2012 to 2018. The high accuracy of CAD/CAM will be its greatest driving factor, especially when it comes to diagnosing dental impairments. Cosmetic dentistry will create ample opportunities in the global orthodontics market, enabling the global orthodontics market to log the highest CAGR through the forecast period.
The report notes that in 2011, Europe held the largest share in the dental consumables market on account of oral healthcare facilities being present in high numbers in developed countries such as the U.K. and Germany. Governments here have actively funded public oral healthcare programs, creating a sizeable market for dental consumables. The Asian dental consumables market will exhibit remarkable growth thanks to the prevalence of high unmet needs in oral care and cosmetic dentistry. As the spending power of consumers in Asia continues to show a progressive rise, expenditure on oral healthcare is expected to show a simultaneous increase as well.
Providing an overview of the competitive scenario in the global dental consumables market, the report states that in 2011, Dentsply International Inc. stood as the dominant player with over 18% of the market. TMR analysts credit the company’s expansive portfolio of products for its leading position. Other companies with a notable presence in the dental consumables market are: Danaher Corporation, Nobel Biocare, 3M ESPE, Straumann, GC Corporation, Ivoclar Vivadent, and others.
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