The dental consumables market has been forecast to increase at a compound annual growth rate (CAGR) of 6.1% through to 2016, driven by the increase in number of dental procedures, and the increasing popularity of dental tourism.
Dental consumables include all products and materials required by a dental practitioner while performing any dental treatment. These include prostheses, restoratives, bonding agents, infection control agents, specialty products, biomaterials, etc. The market for dental consumables is the largest segment in the overall dental market with over 60% share.
The market is characterised by a range of low value - high volume products available in each segment. Dental biomaterials form one of the fastest growing segments of this market, with rapidly increasing adoption rates in the developed markets. Oral care products like toothbrush, toothpaste, and dental floss experience a constant demand owing to the growing world population.
The increasing ageing population across the globe and a concurrent increase in demand for enhanced oral care offers huge opportunities for product innovation and differentiation to dental care providers. Most providers practice direct customer interaction to improve sales and increase awareness towards their products as well as overall oral health.
Increasing disposable incomes in the developing nations enables patients to opt for advanced dental care services, while the rising insurance coverage for dental services in developed nations shows a positive growth in these markets.
Nowadays, laser technology is the most widely used technology in many medical professions, particularly ophthalmology. It has revolutionised the way patients undergo treatment. Hence, the demand for lasers in dentistry has been increasing rapidly in the last few years.
Laser dentistry is considered as a substitute for drills and blades as it offers versatility and better accuracy in dental treatments. Additionally, many patients prefer laser dentistry over traditional methods, mainly to avoid oral pain temporarily.
Laser dentistry can be used in many dental treatments such as for detecting cavities, optical coherence tomography, temperature sensitivity, tumour removal, tooth fillings, nerve regeneration, muscle attachment, gum reshaping, and treating cold sores. Hence, there has been a significant increase in the adoption of laser dentistry worldwide.
While a lack of consumer awareness in developing economies may hinder market growth, industry players still have immense growth opportunities due to less stringent regulations with respect to the introduction of new and advanced products and also their pricing.
Key companies currently dominating the dental consumables market include 3M ESPE AG, Danaher Corp., Dentsply International, Ivoclar Vivadent AG, and Heraeus Kulzer Dental.
For more information on the dental consumables market, see the latest research: Dental Consumables Market
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