Dental Consumables Market to See Robust Growth; Ceramic CAD/CAM Segment to See 18% Increase
February 25, 2015
According to Transparency Market Research’s recent study on global dental consumables, the market is expected to experience growth from $14.9 billion in 2011 to $23.8 billion in 2018, representing a compound annual growth rate (CAGR) of 7.1% over the period. The report states that the global dental consumables market is driven by the robust expansion of medical and dental tourism in highly cost-efficient emerging countries such as India, Turkey and Hungary, as well as the lack of government intervention in medical practices in these countries.
In developed countries, major drivers of the dental consumables market include a number of government-initiated reforms related to dental health, such as the Comprehensive Dental Reform Act of 2012 in the U.S. Rising demands for cosmetic surgeries in developed countries are also largely contributing toward demand growth for dental consumables.
The dental crowns and bridges market segment led to the largest share of the global dental consumables market in 2011—nearly 25%—owing mainly to rising global awareness about dental hygiene. Ceramic CAD/CAM, a sub-segment of this market segment, is expected to grow at a CAGR of nearly 18% during the forecast due to the highly accurate results of these devices for diagnosing dental impairment. In addition, the rising popularity of cosmetic dentistry will likely lead to increased demand for orthodontic products.
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