The market for dental consumables is expected to reach a value of $55.7 billion by 2027, according to a report by MarketsandMarkets, which provides B2B research on high growth niche opportunities and global threats to companies. The 2022 value of the market was $35.3 billion, meaning the Compound Annual Growth Rate (CAGR) is estimated at 9.5%.
The projected market growth is attributed to higher rates of interest in aesthetic dental treatments, increased need for dental repair treatments and innovations in treatment and technology. Issues including high dental implant costs and low reimbursements may impede market growth to some extent over the course of the projection period, according to a MarketsandMarkets news release.
By segment, dental restoration is projected to continue to grow at a high rate based on demand for cosmetic dental care and implants. This segment held the largest share of the market in 2021.
By region, the European segment was expected to hold the largest part of the market across the forecast period between 2022 and 2027. This is based on the growing elderly population and expenditure, including government spending in the region.
Download a PDF Brochure for more information: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=699
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