Asia-Pacific Dental Consumables Market to Reach $4.5 Billion by 2020
The Asia-Pacific Dental consumables market is valued at $3.7 billion for the year 2015 and is poised to reach $4.5 billion by the end of 2020 at a CAGR of 4.01%. Generally, dental consumables are used for the treatment of dental disorders such as problems associated with gingival tissues, tooth restoration and dental impairments. With the shift in patient’s choice trends and upsurge in the demand for cosmetic dentistry, the dental consumables market is showing high potential for growth.
The Asia-Pacific Dental Consumables market can be segmented Dental Burs, Whitening Materials, Dental Anaesthetics, Dental Biomaterials, Dental Syringes, Dental Prosthetics and Endodontics. And by End Users the market is Segmented into Hospitals, Research and Academic Institutes & Forensic labs. The market is expected to be dominated by the orthodontics market essentially due to the growing popularity of cosmetic dentistry. The crowns & bridges segment accounts to nearly one fourth of the market with the ceramic CAD/CAM – which forms a section within the crowns and bridges market – exhibiting remarkable expansion in the near future.
Furthermore, on the basis of geography, the Asia-Pacific Market is analysed under various regions namely, India, China, Japan, and South Korea.
With the surge in healthcare and cosmetic expenditures of people in the developing countries, the market for dental consumables is set for a high growth. Increasing wealth will reinforce the performance of the premium segment of dental consumables in these markets as well.
Escalating medical and dental tourism in the developing economies along with rise in aging population and the mounting demand for cosmetic dentistry are driving the growth of the Asia-Pacific Dental Consumables market. However, lack of awareness about available technologies, dearth of appropriate reimbursement policies by governments/private agencies and inflexible regulatory framework are the major challenges inhibiting the growth of the market.
DENTSPLY International Inc. is the global market leader and also occupies lead position in the Asia-Pacific market. This can be credited to the company’s wide-ranging product portfolio. Some of the key players in the Asia-Pacific dental consumables market include, Biomet 3I, 3M ESPE Dental Solutions, Kerr Corporation, Nobel Biocare, Ivoclar Vivadent Ag, Patterson Companies, Inc., Septodont, Zimmer Dental, Straumann, Heraeus Dental and Align Technology