Global market for dental consumables is vast and consists of numerous products ranging from biomaterials to bonding agents to solutions. Rising awareness towards oral hygiene is a vital driver for global oral care products market. Growth in the aging population is also responsible for significant rise in the demand for these products. Progress shown by emerging markets and additional support provisioned by various governments is proving essential for the global industry for oral care products. Owing to these strong drivers, the market is poised to witness positive results in terms of demand and use of innovative products.
Segmentation in Oral Care Products Industry
Identification of the market segments is vital for the researchers in order to understand the latest market trends, opportunities, restraints and forecasts for the oral care products market. This industry is segmented based on the types of products and their demands across various geographic regions. Based on geographic demand, the market is divided into four basic regions, which include North America, Asia Pacific, Europe and rest of the world. Based on the types of products, the market is segmented into the following:
- Bonding agents
- Demineralization products
- Finishing and polishing products
- Infection control
- Preventive care
Forecasting Reports for Dental Consumables Market
The market for oral care products is expected to grow at a CAGR of 6% until 2016. In 2011, the market was worth $13 billion. Based on the market research reports, the industry is estimated to reach $17.46 Billion by 2016. Increasing aging population and concurrent increase in the demand and attention towards enhanced oral hygiene are two basic factors driving the industry. Growth in the emerging markets, encouragements from governments from across the world and technological advancements are also proving to be vital for the steady growth in the compound annual growth rate in this industry. Based on geography, Europe is expected to dominate the industry in terms of demand and technologies. Americas on the other hand holds largest market share, thanks to emerging technologies and large number of dental manufacturers in the region.
Amongst emerging markets, Asian countries like India, China, Malaysia, Thailand, South Korea and Singapore will witness significant growth, owing to rising population, awareness about dental hygiene, rise in per capita income and spending power of the middle class families are responsible for this strong growth in Asian emerging markets.