Dental Consumables Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Albany, New York (PRWEB) January 27, 2015
According to Transparency Market Research’s new research study on the global dental consumables market, the market is expected to experience growth from US$14.9 billion in 2011 to US$23.8 billion in 2018, representing a CAGR of 7.1% over the period. The report is titled “Dental Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”, and is available on the company’s website for sale.
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The report states that the global dental consumables market is driven by the robust expansion of medical and dental tourism in the highly cost-efficient emerging countries such as India, Turkey and Hungary, and the lack of government intervention in medical practices in these countries. In developed countries, major drivers of the dental consumables market include a number of government initiated reforms related to dental health, such as the 2012 act of The Comprehensive Dental Reform in the U.S. Rising demands for cosmetic surgeries in developed countries are also largely contributing towards demand growth of dental consumables.
The report majorly focuses on two chief segments of the global dental consumables market: product types in the dental consumables market and chief regional markets across the globe. The segment product type is further segmented into crown and bridges, dental implants, dental biomaterials, endodontics, orthodontics, periodontics, retail dental care and essentials, and other nominally product types.
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Amongst these, the segment dental crowns and bridges led to the largest share of the global dental consumables market in 2011, nearly 25%, owing mainly due to rising global awareness about dental hygiene. Ceramic CAD/CAM, a sub-segment of this market segment is expected to grow at a CAGR of nearly 18% during the forecast owing to the highly accurate results of these devices for diagnosing dental impairment. Rising popularity of cosmetic dentistry will lead to increased demands for orthodontics’ products during the report’s forecast.
Browse Press Release of Dental Consumables Market: http://www.transparencymarketresearch.com/pressrelease/dental-consumables-market.htm
Geography-wise, the regional dental consumables market of Europe held the largest share of the market in 2011, largely due to the availability of funding of oral healthcare facilities in European countries such as Germany and UK. Booming medical tourism industry in developing economies such as Russia, China and India will propel growth of the growth of the global dental disposables in the developing parts of world. Untapped medical facilities and needs and rising disposable incomes in these regions will also help in driving market further.
The company Dentsply International Inc. acquired the largest shares of total market value in the year 2011, nearly 18%, owing to the comprehensive product portfolio of the company. Other chief businesses operating in the global dental consumables market include 3M ESPE, Heraeus Dental, Danaher Corporation, Nobel Biocare, Ivoclar Vivadent, Straumann, Align Technology, and GC Corporation.
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