Oral problems are among the most neglected yet important issues faced by the human body. From tooth decay, oral cancer, cleft lip, and palate, to dental impairments, periodontal diseases, and others, oral healthcare industry is giving solutions to these problems worldwide. Increased R&D, combined with innovations in technologies, has caused the dental healthcare industry to experience a boom. Increase in the geriatric population is further contributing to the oral healthcare industry that is slowly paving way for the dental consumables market. Dental consumables such as braces, crowns, implants, dental care essentials, and others are becoming essential for ensuring better oral health, giving solutions to the above mentioned dental problems. Reluctance in seeking advice and treatment from dentists is adding up to the concerning oral healthcare sector. Hence, the dental consumables market is going to witness an upsurge in the upcoming years. With such propelling usage across verticals, the global dental consumables market earned revenues amounting to $27 billion in 2018, and is expected to grow at a CAGR of 7.2% over the forecast period of 2019 to 2025.
As per the International Trade Centre (ITC), trade value of instruments and appliances used in medical, surgical, veterinary, and dental sciences breached $127.60 billion in 2018. The report further states that the trade value escalated globally by 9% in 2017-2018. A substantial part of the trade value of the host industry is accountable to growth of the dental consumables market.
Increasing Dental Consumables Market Revenue in Europe -
In 2018, the largest dental consumables market share was held by Europe, which accounted for almost 38% of the global opportunities. European countries such as the U.K., Germany, Spain, and others are investing on R&D and developing newer technologies that are contributing to increasing usage of dental consumables across various fields of dental healthcare. These fields are attracting vendors whose expenditure in the dental consumables market is going to result in immense benefits in upcoming years.
· German Oral and Dental Hygiene Industry to Drive the European Dental Consumables Market –
As of 2016, the total population of Germany was 81.91 billion. Increase in the geriatric population has led to increased demand for more technological up-gradation in medical science including awareness about facial aesthetics, cosmetic dentists, and others. As per the ITC, Germany registered import value of $348 million in 2018 from products such as denture fixative pastes and powders, dental floss and this value witnessed growth at a CAGR of 6% in 2017-2018. Also, there was an upsurge of medium-sized dental laboratories which in turn is also contributing to the increase in revenues of the dental consumables market, whose products are extensively used in the laboratories. Moreover, health insurance in Germany is mandatory and more than 87% of the population is estimated to have health insurance. Therefore, a part of this health insurance scheme also includes insurance coverage for dental procedures, thereby creating a demand influx in the dental consumables market in the European region in the upcoming years.
· Growing Concern for Oral & Pharyngeal Cancer and Dental Caries is Leading to Expansion of the European Dental Consumables Market –
According to a report in the Translational Research in Oral Oncology journal, oral and pharyngeal cancer is the 8th most common form of cancer in Europe. Furthermore, about 20-90% of children aged six years in Europe are affected by dental caries. As per the Faculty of Dental Surgery at the Royal College of Surgeons of England, 9,206 extractions had been carried out on children aged four years old and younger by March 2016. Also, the State of Oral Health in Europe has developed a coherent European strategy to work on oral health with commitments that would reach their targets by 2020. Rapidly increasing concerns regarding oral health, which includes cancer as a major one, are driving the dental consumables market, as these are extensively used for treating dental problems. With these developments, the European market for dental consumables collected a revenue of around $9.38 billion in 2018, and the market is projected to achieve $14.52 billion over the course of the forecast period.
The key end user segment of dental consumables are dentists. They use different dental consumables such as dental sutures, hemostats, crowns, bridges, dental sealants, burs, patient bibs, and aspirator tubes and saliva injectors for different surgeries and treatments. According to the European Commission, there were 360,000 practicing dentists in the E.U. Members States in 2016, which is expected to increase in upcoming years. Furthermore, the American Dental Education Association has forecast that a dentist availability between 32% and 110% is likely to occur by 2040. With the increasing number of dentists in the healthcare industry, extensive use of dental consumables will attract vendors to invest in the dental consumables market. Globally, the utilization of dental consumables by dentists is expected to grow at a CAGR of 6.9% and yield a revenue of $29.38m by 2025. This signifies rise of the dental consumables market in upcoming years.
Dental Consumables Market Growth Drivers –
· Market Growing through Application of Dental Implants and Prosthetics –
Dental implants and prosthetics are generally used for replacing oral cavities with a concrete solution or for filling oral cavities. Denters are widely used as dental prosthetics, and are majorly used by the aging population. As of 2018, the dental implants and prosthetics market generated revenues amounting to $11.5 billion, and the market is projected to grow at a CAGR of 5.8% during the forecast period. As these procedures include usage of dental consumables such as specialized dental pastes, dental brushes, dental wash solutions, and others, the end-users of the dental consumables market are going to be benefited.
· Orthodontics Industry to Create an Impact in the growth of Dental Consumables Market –
There is an increasing demand in the number of surgeries and treatments for orofacial orthopedics, which includes orthodontics and oral maxillofacial surgeons caused due to poor oral hygiene as a result of regular intake of confectioneries. The global orthodontics market was valued at $4.05 billion in 2018, and is estimated to grow at a CAGR of 8.05% during the forecast period. Several Dental consumables such as floss, elastics, palatel expanders, and others are used in the orthodontics industry. These wide variety of applications are going to aid the dental consumables market growth in upcoming years.
Dental Consumables Market: Competitive Landscape
The key market players who are currently holding maximum share in the global dental consumables market include Straumann Holding AG, Danaher Corporation, Dentsply Sirona, 3M Company, Henry Schein, Inc., Kuraray Co., Ltd., Geistlich Pharma AG, Ivoclar Vivadent AG, GC Corporation, Mitsui Chemicals Inc., Keystone Dental, Inc., and BEGO GmbH & Co. KG.
In January 2019, Dentsply Sirona and Carbon announced a strategic collaboration in order to bring revolution in digital denture materials. Hence, this collaboration is going to bring path-breaking innovations with new forms of dental consumables, thereby escalating market growth.
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