Dental Consumables Market Size, Trends, Shares, Revenue, Segmentation, Future Strategy, Market Scope, Manufacturers Analysis, Forecast 2022 – 2031

Kenneth Research has recently added a report titled Dental Consumables Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dental Consumables Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Dental Consumables Market is valued approximately USD 27.9 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2019-2026. The factor leading to the increased market share of dental consumables is the rising awareness about various dental diseases across the globe. The dental consumables are used for the treatment of dental impairments, tooth restoration along with the treatment of associated gingival tissues. Further, the shifting trend of consumers towards cosmetic dentistry along with the low cost of dental treatment in emerging economies tends to drive the market share of dental consumables.

Rising geriatric population has led to the increasing incidences of tooth decay and dental cavities which results in the growth of the market. Rising investment form private as well as government organizations coupled with the various government initiatives has surged the demand for dental biomaterials. Moreover, the shifting focus towards dental tourism across various emerging economies such as India, China and Brazil and rising demand for minimally invasive dental procedures globally tends to drive the market share of dental consumables. Growing consumer preference towards oral health and hygiene has accelerated the market share of dental consumables. Product innovation and technological advancement in healthcare industry has led to the development of dental implant techniques to cater the growing demand of tooth decay and dental cavities.

The regional analysis of Dental Consumables market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific region is expected to register significant growth over the forecast period owing to the increasing geriatric population and increasing healthcare expenditure along with rising disposable income has boost the market share of dental consumables. Various organizations are adopting the strategy of merger and acquisition to expand the product portfolio and to extend geographical outreach. For instance, in March 2019, Vista Dental, manufacturer of dental and endodontics solutions, has acquired Apex Dental Materials, Inc. the acquisition allows the company to extent its footprints globally and to expand its product portfolio.

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