With the presence of a large pool of participants, the global dental consumables market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Zimmer Biomet Holding Inc., Ultradent Products Inc., GC Corporation, Mitsui Chemicals Inc., and Dentatus USA Ltd are some of the key vendors of dental consumables across the world. These players across dental consumables market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the dental consumables market study.
In a major boost to dental consumables market, in August 2018, Unigestion Holding SA invested nearly US$ 8.02 million in Dentsply Sirona Inc. shares.
Get Free Sample Of Report – https://www.zionmarketresearch.com/sample/dental-consumables-market
As estimated in this report, the global dental consumables market stood at US$23.50 billion in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this dental consumables market is expected to reach US$ 34.50 billion by the end of the forecast period. The main products available in this dental consumables market are dental implants, endodontics, peridontics, orthodontics, dental crowns, dental biomaterials, and dental bridges. Among them, the demand for dental biomaterials is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Dental Therapy Awareness In Geriatric Population To Soar Market Growth
“Awareness among the elderly population regarding dental treatment advantages and rising cosmetic dentistry trends will contribute considerably towards dental consumables market size in the years ahead,” says author of the study. Apart from this, the dental consumables industry is likely to gain traction in the near future, owing to flourishing dental tourism as well as preference of consumers for availing dental treatments in countries with low dental therapy costs. In addition, increase in the cases of tooth decays and other periodontal diseases are predicted to enlarge the scope of the dental consumables market over the span of next few years.
Escalating costs of dental consumables and low compensation for dental treatment, however, can act as a restraint for the dental consumables market growth over the ensuing years. Nevertheless, introduction of new technologies in dentistry is expected to boost the product popularity across the globe, thereby normalizing the impact of hindrances on the dental consumables market, reports the study. Furthermore, low penetration of dental implants in emerging countries can offer industry players with an opportunity to explore the untapped market potential in the coming years.
Favorable Government Initiatives To Assist Europe Maintain Dominance
Regionally, Europe has been leading the worldwide dental consumables market and is anticipated to continue on the dominant position in the years to come, states the dental consumables market study. Rise in the elderly population and massive demand for modern dental treatment methods is the main factor behind the dominance of the Europe dental consumables market. Extensive spending on oral healthcare activities by the government is projected to contribute significantly towards the growth of this regional market.
The global dental consumables market is segmented as follows:
To view TOC of this report – https://www.zionmarketresearch.com/toc/dental-consumables-market