Market Trends of Global Dental Consumables Industry
This section covers the major market trends shaping the Dental Consumables Market according to our research experts:
Dental Implants Expected to Hold Significant Market Share Over the Forecast Period
The major factors fueling the growth of the dental implants segment are the growing geriatric population, the increasing number of initiatives implemented by the market players, and the increasing focus on the research and development of innovative dental implants. For instance, as per the United Nation's World Ageing Highlight of 2020, 727 million people around the world were aged 65 years or over. This number is expected to reach 1.5 billion by 2050, which complements the growth of the studied market, as tooth loss is primarily a problem among the elderly.
Several companies are taking initiatives to develop new products related to dental implants. For instance, in January 2021, the CeramTec Group acquired a Swiss specialist in ceramic dental implants, Dentalpoint AG. Also in the same month, Nobel Biocare launched the Xeal and TiUltra surfaces in the United States. The new product surfaces are applied to implants and abutments and allow the optimization of tissue integration at every level.
Furthermore, the government and non-governmental organizations are taking initiatives to increase awareness regarding age-related dental disorders. For instance, in February 2021, the American Dental Association celebrated National Children's Dental Health Month to raise awareness regarding dental health among children.
Thus, due to the above-mentioned developments, the segment is anticipated to witness significant growth over the forecast period.
North America Expected to Dominate the Market Over the Forecast Period
Within North America, the United States is expected to hold a large market share. This can be attributed to factors such as the increasing incidence of dental diseases, the rising geriatric population, and the growing adoption of cosmetic dentistry for aesthetic purposes. The country is also home to many manufacturers of dental consumables. According to the American Dental Association, update in November 2021, there were more than 5 million United States seniors aged 65 to 74 years who had complete tooth loss, with nearly 3 million edentulous. Thus, tooth loss is a common problem among the geriatric population, thereby driving the market.
Additionally, several market players are engaged in the implementation of strategic initiatives, thereby contributing to the growth of the market. For instance, in November 2020, Planmeca USA, one of the leading manufacturers of dental imaging and CAD/CAM equipment, launched two new CAD/CAM products for creating dental prosthetics, i.e., the Planmeca PlanMill 50 S 5-axis mill and the Planmeca PlanCAD Premium design software. These products, together with the Planmeca Emerald S intraoral scanner, provide a new premium solution, the Planmeca FIT Plus. This complete solution allows clinicians to achieve maximum productivity throughout the workflow of the digital dentistry industry. Furthermore, in December 2021, Envista Holdings Corporation NVST received the approval of the United States Food and Drug Administration (USFDA) for the Nobel Biocare N1 implant system.
Thus, owing to the abovementioned factors, the market is expected to project growth over the forecast period.
