Dental Consumables Market Share Information: By Type (Dental Implants, Dental Prosthetics, Dental Restorative Material, Dental Regenerative Material) - North America Forecast till 2023
North American Dental Consumables Market is Expected to Scale $ 5,290.9 Mn Valuation by 2023: MRFR
Advanced technologies have impacted dentistry in significant ways, and dental consumables market’s exponential growth can be attributed to that. The North America Dental Consumables Market Share is touted to reach USD 5,290.9 million by 2023 with a CAGR value of 6% during the forecast period (2017-2023), reveals Market Research Future (MRFR) in an extensively studied report on the same. The report further includes drivers such as the prevalence of dental diseases, increasing geriatric population, infrastructural superiority, the launch of new dental procedures, rising healthcare expenditure, and government initiatives are helping the market in moving ahead. Furthermore, a detailed study of the segments of the North America dental consumables market can help in having an insightful prediction of the coming years.
On the flip side, the North America dental consumables market can get bogged down by poor reimbursement policies. At the same time, the grey market for dental distributions can impede the North America dental consumables market growth during the forecast period.
Industry Trend:
Some of the key players profiled in the report for North America dental consumables market are Institut Straumann AG, Henry Schein, Inc, Patterson Dental Supply, Inc., Dentsply Sirona, Kerr Corporation, Danaher Corporation, GC orthodontics, Planmeca Oy, and American Orthodontics, and others.
The North America dental consumables market is getting several new product launches that are taking the market ahead. For instance, OraCare has recently launched a blend of activated chlorine dioxide, and xylitol which can by eliminating bacteria, viruses, fungi, biofilm, and volatile sulfur compounds (VSCs) ensure the longevity of dental implants by stopping it from contracting peri-implantitis.
Kerr Rotary’s new KaVo Kerr Carbides has unique plating technology that can increase cutting efficiency by decreasing friction, clogging, and chair time. This can also take the impact the North America dental consumables market assertively.
Segmentation:
The North America dental consumables market can be segmented by type.
Based on the type, the North America dental consumables market can be segmented into dental implants, dental prosthetics, dental restorative material, and dental regenerative material. Among these, dental implants segment is expected to reach USD 2,103.9 million by the end of 2023 with a moderate CAGR of 6.5% during the forecast period.
Regional Analysis:
The North America dental consumables market has the U.S. to lead who have invested heavily in their healthcare sector and is reaping the benefits of that now. The region never shies away from new products owing to which new products find solid ground in the region. At the same time, major companies have their bases in the country, and insurance companies are working profoundly to promote healthy living. The budget for health care in the U.S. holds 16% of the total GDP which can be taken as a signifier for the increasing sale of the dental consumables market. People in the region are concerned about their overall health and are quite ready to spend for their health which resultantly boosts dental consumables market. The U.S. market is expected to touch USD 1,570 million by 2023 at 7% CAGR during the review period.
Market Insight:
The regional market banks heavily on the tactical moves initiated by companies which generally includes new product launch, merger, collaboration, acquisition, and other methods. For instance, Institut Straumann AG got hold of 30% of the total share of its biomaterials partner Botiss medical AG. Dentsply Sirona recently acquired OraMetrix to improve their technological platform which is bound to better the North America dental consumables market.
