Albany, NY, Dec. 9, 2015 (GLOBE NEWSWIRE) -- Burgeoning dental tourism in developing countries, government-supported dental reforms in developed countries, and an aging population will lead the global dental consumables market to a healthy CAGR of 7.1% between 2012 and 2018. These are the findings of a latest study by Transparency Market Research, titled 'Dental Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018.' The report pegs the value of the global dental consumables market to touch US$23.8 billion in 2018, growing from its 2011 value of US$14.9 billion.
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Dental consumables are products which are used on patients in order to treat dental impairments, for tooth restoration and in treatment of associated gingival tissues. Some of the major products encompassing the dental consumables market are dental implants, crowns and bridges, biomaterials, orthodontic, endodontic and periodontic devices. The rising prevalence of dental diseases across the globe coupled with the introduction of cheap dental procedures in developing economies such as India will act as an effective driver for the global dental consumables market during the forecast period. The global crowns & bridges market held majority of the market share for two reasons namely increase in demand for cosmetic surgeries and advancement of technologies such as CAD/CAM.
However, the orthodontics market will grow at the highest CAGR during the forecast period of 2012 to 2018 due to growing awareness among individuals. The market for orthodontics is segmented on the basis of product types into anchorage appliances, ligatures, brackets and archwires. Out of all these product segments the orthodontic brackets held majority of the market share in 2011 due to increase in awareness regarding cosmetic dentistry and is expected to be the market leader throughout the forecast period.
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The global dental biomaterials market followed the orthodontics market in terms of growth rate and is expected to grow at a CAGR of approximately 10.0% from 2012 to 2018.
The overall dental consumables market is segmented into North America, Europe, Asia and rest of the world regions. Among these regions, the European dental consumables market held majority of the market share in 2011 followed by North America.
The reason for Europe's large market share can be attributed to the fact that there is an increase in funding for oral healthcare facilities in European nations such as the UK, Spain, Greece, and Norway.
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The Asian dental consumables market is expected to grow at the highest CAGR from 2012 to 2018 owing to the rapidly growing economies of countries such as India and China. In addition, the presence of high unmet medical needs and rising influx of patients from the North American and European countries seeking cheap dental treatment options are some of the drivers responsible for the fast growth of this market.
Other Reports by Transparency Market Research:
Dental Prosthetics Market Driven by Demand for Crowns and Dentures, to reach US$5.8 bnglobally by 2023: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=556
Orthodontic Equipment and Consumables Market: Dental Tourism in APAC to drive Growth at 8.8% CAGR: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2357
Dental Lasers to Play Pivotal Role in Enabling Global Dental Equipment Market touch US$7.6 bn by 2018: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=223
Single Tooth Implants and Dental Bridges Market: http://www.transparencymarketresearch.com/single-tooth-implants-and-dental-bridges-market.html
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.