The dental market is estimated to be valued at US$36609.25 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The dental market involves products related to dental care, treatment and aesthetics. This includes dental implants, dental prosthetics, dental materials, orthodontics and others. Dental implants are artificial tooth roots placed into the jaw to hold replacement teeth. Dental prosthetics refers to artificial replacement of missing teeth such as crowns, bridges, dentures. Dental materials cover all types of materials used for treatment like restorative materials, impression materials, dental adhesives etc. Orthodontics includes products and equipment used for straightening teeth and correcting bites. Market Dynamics: Increasing incidence of dental diseases owing to changing dietary habits and lifestyle changes is a major driver for the market. Poor eating habits and consumption of sugary foods have led to a rise in dental caries and periodontal diseases globally. According to FDI World Dental Federation, approximately 3.5 billion people suffer from dental caries worldwide. Moreover, growing demand for advanced cosmetic and esthetic dentistry is also propelling the market growth. Rising dental tourism in developing regions on account of availability of world-class dental treatments at affordable costs further supplements the market expansion. Additionally, rapid technological advancements in dental materials and equipment along with growing dental expenditure is fueling the market growth over the forecast period. Segment Analysis The Global Dental Market can be segmented based on product type into dental consumables and dental equipment. The dental consumables segment currently dominates the market and is expected to continue its dominance over the forecast period. This is due to the high demand for dental consumables like dental bonds, dental cements, dental impression materials etc. for day to day procedures. PEST Analysis Political: Government initiatives promoting oral health awareness and dental insurance schemes are fueling market growth. Economic: Rising disposable income levels have increased affordability of dental treatments driving market revenues. Social: Increasing social awareness about oral hygiene and aesthetic dentistry is propelling the market growth. Technological: Advancements in CAD/CAM equipment, 3D printing, dental lasers etc. are enhancing accuracy and efficiency of dental procedures. Key Takeaways The global dental market is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing prevalence of dental caries and other periodontal diseases. North America is expected to dominate the market over the forecast period owing to growing geriatric population, availability of advanced dental technologies and dental insurance coverage in the region. Key players operating in the dental market are Straumann Group, Zimmer Biomet Holding, Inc., Danaher Corporation, Dentsply Sinora Inc., BioHorizons IPH, Inc., Henry Schein, Inc., Osstem Implant Co. Ltd., Avinent Implant System, A-Dec Inc., Nobel Biocare, Sonoma Pharmaceuticals, Inc, and Nexa3D. The dental consumables segment dominates the market currently due to high demand for dental consumables like dental bonds, dental cements, dental impression materials etc. for regular dental procedures. Regional analysis North America is expected to dominate the dental market over the forecast period. This is attributed to factors such as growing geriatric population in need of dental care, availability of advanced dental technologies, favorable dental insurance coverage and higher healthcare expenditure in the region. Key players Key players operating in the dental market are Straumann Group, Zimmer Biomet Holding, Inc., Danaher Corporation, Dentsply Sinora Inc., BioHorizons IPH, Inc., Henry Schein, Inc., Osstem Implant Co. Ltd., Avinent Implant System, A-Dec Inc., Nobel Biocare, Sonoma Pharmaceuticals, Inc, and Nexa3D. Read More: https://www.rapidwebwire.com/dental-market-analysis/
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