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Global Dental Consumables Market: Rapid Rise in Geriatric Population, Growing Dental tourism in Emerging Markets, Rising incidences of dental caries and other periodontal disease to Drive Market Growth in Coming Years

The global dental consumables market is poised to reach USD 35.35 billion by 2021 from an estimated USD 25.45 billion in 2016, at a CAGR of 6.8% during the forecast period (2016–2021). The rapid increase in ageing population, significant growth in dental tourism in emerging market, rising incidences of dental caries and other periodontal disease are the major factors driving the growth of the dental consumables market.

According to the WHO, the global share of the geriatric population (aged 65 years or above) increased from 7.3% in 2005 to 8.2% in 2015. This is expected to continue to grow, reaching 9.3% by 2020. According to the WHO, Europe has the largest percentage share of geriatric population—around 17.3% in 2015, up from 16.3% in 2010. North America also registered an increase, from 13.2% in 2010 to 14.8% in 2015. In Asia, as per the United Nations Survey 2015, the geriatric population has increased by 59.0% from 2000 to 2015. The increase in the elderly population is expected to spur the demand for dental consumables in the coming years.

This market has grown at an exponential rate in the past few years, with countries such as India, Mexico, Hungary, Poland, and Turkey emerging as fast-growing dental tourism destinations for patients from across the globe. Dental treatment is very expensive in most of the developed countries as compared to emerging countries and some European countries such as Hungary and Poland. A dentist can charge USD 300-400 for a dental filling in the U.S. and Europe, as opposed to USD 30-40 in India. A root canal is USD 3,000 in developed countries, but only USD 150-200 in India. Dentures can be priced at around USD 1,000 overseas, but only USD 300 in India. Countries such as Hungary and India are the most favorable destinations for dental patients for treatment due to the low costs.

In addition, Dental caries or tooth decay is a common phenomenon faced by people across all age groups, with the incidences of decayed and missing teeth (DMT) increasing dramatically. According to the WHO in 2012, 60%–90% of school-children and nearly 100% of adults have dental cavities once in their lifetime. Dental cavities are one of the major causes of tooth loss. Thus, rising incidences of dental caries and other periodontal diseases will propel the growth of dental consumables market.

Geographically, Europe dominates the global dental consumables market. The rising geriatric population, continuous technological innovations, growing government expenditure on oral healthcare across Europe, and presence of higher reimbursement rates for dental procedures in Europe as compared to other regions. However, the market in the Asia-Pacific (APAC) region is expected to witness the highest growth in the next five years. The high growth in the APAC market can mainly be attributed to rapid growth in the geriatric population and increase in dental tourism.

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