Business Alliances to Open New Growth Opportunities for Players in Dental Consumables Market
Dental consumables are products used for the treatment of dental impairments, tooth restoration and associated gingival tissues. Rise in global dental tourism induced by low labor costs, low fixed infrastructure costs, and minimum government interventions in emerging economies such as India, Hungary, and Turkey have led to an increase in the demand for dental consumable products in developing nations. In addition, introduction government initiated dental reforms and treatment packages are support the market growth of dental consumables.
The extensive research conducted for dental consumables market reported that the market for dental crowns and bridges accounted for a lion’s share as well as is expected to grow at the highest CAGR during the forecast period of 2015 – 2023. Crowns and bridges are fixed prosthetic devices which act as a protecting layer/cover for protecting damaged tooth. Introduction of advanced technologies such as CAD and CAM, rising life expectancy of individuals across the globe, and increased awareness about cosmetic dentistry are the major factors supporting the crowns and bridges segment. Based on usage trend and stability of the product, demand for ceramic based crown are gaining popularity owing to high resemblance to natural tooth. Increasing cost of precious metals over the years have considerably affected porcelain fused metal based crowns and bridges market.
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Over a relatively short period, implants have become a common practice among people with missing teeth primarily due to accidents, disease, or injuries. Dental implants are mostly made of titanium and zirconium among which titanium has emerged as a choice of material for implant design within dental laboratories and dentists globally. Although, the cost of zirconium implant is relatively higher, the expected fall in overall cost of implantation in the next few years is likely to drive the zirconium-based implant segment not only in developed regions, but also in the emerging markets as well.
Dental biomaterials are made up of either natural tissues or synthetic products that are used to recover damaged and fractured teeth. During the study found that tissue engineering is assessed as an emerging field of medicine which is essentially based on combining stem cells, growth factors, and scaffolds for regenerating diseased or lost tissues. With the advent of microscale and nanoscale technologies, it is possible to design and fabricate scaffolds that are not only large, three dimensional constructs, but also provide a three dimensional micro-environment that supports cell behavior, tissue function, implantation, and host integration. Owing to such factors, dental biomaterials is likely to be a major contributing segment of the market in coming 5 years – 7 years. Based on product types, the orthodontics segment has been sub-segmented into anchorage appliances, ligatures, brackets, and archwires. Among the aforementioned components of orthodontics, brackets which are made of materials such as stainless steel and ceramics are attached to a tooth with archwire has been growing at a significantly high growth rate. Additionally, large number of orthodontic procedures performed among teenagers is one of the major factors attributed to the high growth and share of brackets and archwire consumption.
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Geographically, Europe accounted for largest share of the market followed by North America, Asia Pacific and Rest of the World. The American Association of Oral and Maxillofacial Surgeons found that 69% of adults aged between 35 years and 44 years have lost at least one permanent tooth to an accident, gum disease, a failed root canal, or tooth decay. In 2010, Health Canada published a report on the dental health of people in the country based on the results of the Canadian Health Measures Survey carried out by Statistics Canada. The data compiled show that 75% of people in Canada visit a dental clinic annually, and 86% do so at least once every two years. Financial considerations is among the most important factors influencing patients’ decision to undergo dental treatments in both North America and Europe. Aging of baby boomers segment is a prime attributor for large number of dental laboratories and dental procedures in Europe. Dental tourism is also flourishing in countries in Asia, particularly in India and China, due to the cost effective treatment being offered. These countries not only promote dental tourism, but also outsource doctors and other treatment facilities to keep up with the demand for dental tourism. Prominent companies having presence in this market includes 3M Health Care, Danaher Corporation, DENTSPLY International, Inc., Henry Schein, Inc., Institut Straumann AG, Ivoclar Vivadent AG, Nobel Biocare Holdings AG, Patterson Companies, Inc., Septodont, Ultradent Products, Inc. and Zimmer Biomet Holdings, Inc.
Table of Content
2. Executive Summary
3. Market Overview
4. Dental Consumables Market, by Product
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