17 July 2023

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Dental consumables market to be worth $58B by 2030: Grand View Research

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The global dental consumables market size is expected to reach $58 billion by 2030, based on a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.9% from 2023 to 2030.

According to a July 6 news release, factors such as increasing demand for cosmetic dental procedures, increased implant usage, growing dental tourism, an aging population and global economic expansion are driving the market growth. Dental treatments are considered crucial in medical tourism as people travel for surgeries that are either too costly or unavailable in their native country. In addition, dental specialists keep competing for business. A wide range of treatment alternatives provided by professionals and cosmetic dentistry has experienced a huge increase in demand for dental consumables over the years.

Key industry insights, findings from the report

• Based on the product type, the dental implant segment held a majority of share in terms of revenue in 2022 and is also expected to grow at a CAGR of 7.9% over the forecast period from 2023 to 2030 owing to the significantly rising demand.
• Based on the end-use, the dental clinic segment dominated the market in terms of revenue share in 2022 and is likely to grow at the fastest CAGR over the forecast period. Due to increased competition among care providers and the need for cost-effective treatments, independent dentistry clinics are projected to develop in the upcoming decades.
• The crowns & bridges market is predicted to develop due to changing demographics and the increased need for CAD/CAM for prosthetics.
• North America dominated the market in terms of revenue share in 2022 and is expected to maintain the leading position throughout the forecast period. Technological improvements in the area of diagnosis are driving the oral & dental solutions market in North America.
• Asia Pacific dental consumables market is expected to grow at a significant CAGR of 9.2% during the forecast period owing to the deregulation of the oral and dental care system in countries like India and China, which is driving the industry in the area.

Read the full market research report, "Dental Consumables Market Size, Share & Trends Analysis Report By Product Type (Dental Implants, Crowns & Bridges, Dental Biomaterials, Orthodontic Materials), By End-use (Hospitals, Dental Clinics), By Region, And Segment Forecasts, 2023 - 2030," published by Grand View Research.