Global Dental Consumables Market: Drivers
High prevalence of untreated tooth decay is expected to propel growth of the global dental consumables market over the forecast period. For instance, according to the Centers for Diseases Control and Prevention’s Oral Health Surveillance Report, 2019, the prevalence of untreated tooth decay in primary teeth was 10% among children aged 2–5 years and 16% among those 6–8 years during 2011-2016
Moreover, increasing geriatric population is also expected to boost demand for dental consumables. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.
Global Dental Consumables Market: Restraints
Excise tax on medical devices is expected to hinder growth of the global dental consumables market. For instance, in the U.S., the Affordable Care Act imposes an excise tax of 2.3% on importers and manufacturers of select medical devices including dental implants.
Moreover, lack of proper reimbursement policies is also expected to limit demand for dental consumables. Various dental treatments such as implants and periodontal surgeries still lack proper reimbursement in developed nations such as the U.S., France, Germany, the United Kingdom, Spain, Italy, Japan and Australia. In developing nations such as China, India, Malaysia and Thailand, patients are not covered for expensive dental procedures like implants by their medical insurance policies.
Global Dental Consumables Market: Opportunities
Adoption of 3D printing is expected to offer lucrative growth opportunities for players in the global dental consumables market. For instance, in November 2019, Carima, a 3D printer manufacturer, launched a new large-scale DLP 3D printer, DM400d, for producing dental models.
Moreover, significant growth in dental tourism is also expected to boost demand for dental consumables. For instance, according to the U.S. Bureau of Economic Analysis, people in the U.S. spent US$ 2.6 billion on medical and dental tourism in 2018 compared to US$ 757 million in 2008.
Dental Consumables Market Report Snapshots
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