Dental Industry Market Overview:
According to MRFR reports, the global dental industry market is likely to acquire a size of over USD 42,244.27 million by 2027 while recording a healthy CAGR of over 5.28% during the forecasted era from 2020 to 2027.
The global dental industry market has witnessed enormous growth in recent years. The market's growth is attributed to the rapid growth in dental disorders and the prevalence of periodontitis. The growing consciousness regarding oral healthcare is another crucial aspect propelling the growth of the global market.
Dentistry, also known as oral medicine and dental medicine, is a branch of medicine that consists of the study, diagnosis, prevention, and treatment of diseases, disorders, and conditions of the oral cavity, normally in the dentition but also the oral mucosa, and of adjacent and related structures and tissues, mainly in the maxillofacial area. Though primarily associated with teeth among the general public, the field of dentistry or dental medicine is not limited to teeth but also includes other aspects of the craniofacial complex, including the temporomandibular joint and other supporting anatomical structures, and lymphatic, vascular, muscular, and nervous systems. The rising healthcare expenditure has boosted the demand for the dental industry, thereby accelerating dental industry market growth. Rising geriatric population is anticipated to drive the demand for the dental industry further.
The global dental industry market has an intensely competitive landscape with a wide number of players spread worldwide. The players in the global market are adopting several new strategies such as collaborations, expansions, joint ventures, acquisitions, and FDA approvals to strengthen their market presence. The list of leading players in the global dental industry market includes companies such as Henry Schein, Inc. (US), Coltene Group (Switzerland), 3M (US), Dentsply Sirona (US), Allergan plc (US), and several others.
Dental Industry Market Segmentation:
The global dental industry market is fragmented into several segments based on end-user, consumables, discipline, and region.
Based on consumables, the global market for the dental industry is split into the dental syringe, dental impression, whitening material, dental burs, endodontic supplies, dental biomaterial, denture adhesive, gingival retraction material, dental aesthetic, and resin composites.
Based on end-user, the global market for the dental industry is bifurcated into dental academic and research institutes, hospitals clinics, and specialty dental centers.
Dental Industry Market Regional Analysis:
The global dental industry market is studied across five major regions, including the Middle East Africa, Asia-Pacific, Europe, and the Americas.
The American region is further divided into Latin America and North America. As per the MRFR research reports, the North American regional market is likely to secure the top position in the dental industry globally. The Americas contributed the largest share in the dental industry market in 2019. The rising prevalence of dental disorders is driving the regional market's growth, the need for a preventive, surgical, and restorative device for dental care, the growing elderly population, and the high demand for dental procedures.
The European regional market will likely record substantial growth over the review timeframe. The regional market's growth is attributed to the growing demand for dental devices and the availability of advanced diagnostic and therapeutic options.
The dental industry market for the Asia-Pacific region is anticipated to record the highest growth over the forecasted era. The upsurge in the regional market's growth is caused by a large number of pharmaceutical companies, increased government initiatives, and growing healthcare spending.
The Middle East African regional dental industry market is projected to record steady growth over the forecasted era. The regional market's growth is being driven by the ever-increasing demand for dental cosmetic surgeries and the increasing number of companies and subsidiaries. However, the lack of oral healthcare awareness in Saudi Arabia is a primary growth restricting aspect in the regional market.
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