The "Oral Care Global Market Report 2023" report has been added to the lineup at ResearchAndMarkets.com.
According to the report, the global market has experienced substantial growth, with a compound annual growth rate of 7.7%, leading to an impressive rise from $41 billion in 2022 to $45 billion in 2023.
This growth comes against the backdrop of the ongoing Russia-Ukraine war, which has introduced complexities to global economic recovery efforts from the COVID-19 pandemic. The war's impact has resulted in economic sanctions, commodity price fluctuations and supply chain disruptions, contributing to inflation across sectors and affecting global markets.
The oral care market includes teeth-whitening products and denture care materials, according to a news release. It represents not only the value of goods but also services offered by providers or included within service packages.
The market's growth trajectory is expected to continue, with forecasts indicating a projected value of $59 billion by 2027, maintaining a compound annual growth rate of 7.1%.
The broad range of products in this market includes toothpaste, mouthwash, teeth whitening agents, dental floss, toothbrushes and orthodontic wax. These products cater to various aspects of oral hygiene and contribute to preventing infections and maintaining optimal oral health.
In 2022, the Asia-Pacific region held the position of the largest oral care market. The market's scope spans across Asia-Pacific, Western Europe, Eastern Europe, North America, South America and the Middle East and Africa.
As awareness about dental health's impact on overall well-being grows, the market gains momentum. Factors such as sugar consumption, tobacco and alcohol use and inadequate oral hygiene are recognized as contributors to oral diseases.
Technological advancements, particularly in Computer-Assisted Design/Computer-Assisted Manufacture (CAD/CAM) technology, have reshaped the oral care landscape. This technology aids in design processes using computer-based software, and Computer-Assisted Manufacture (CAM) automates production via computer-controlled equipment.
CAD/CAM technology in oral care streamlines processes like tooth preparation, imaging, and in-house crown manufacturing, enhancing both efficiency and patient experiences.
For example, Planmeca, a prominent dental imaging and CAD/CAM equipment manufacturer, introduced the PlanmecaPlanMill 35 in February 2022.
As the oral care market continues to evolve in response to changing conditions, its significance in maintaining overall health and well-being remains steadfast. Stay tuned to Research and Markets for developments in this dynamic market.
A selection of companies mentioned in this report includes:
For more information about this report visit https://www.researchandmarkets.com/r/15foz7
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