28 December 2021

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Oral care to exceed $45,000M

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The global market for oral care is expected to grow at a CAGR of 3.4% based on the 2020 value of $36,273.14. Across the forecast period of 2021 to 2028, the market is expected to attain a value of $47,380.58 by the end of the period. Data is based on a report by market analysis company, The Insight Partners.

The forecasted growth is based on the rising incidence of dental and oral disease, as well as the increased expenditure in dental care and by governments for oral health education and preventative care. At the same time, the number of aging patients and related diseases are expected to increase.

High rates of carries, gingivitis, ulcers, and halitosis along with interest in elective procedures are expected to keep the United States and Canada as the fastest growing markets by geography. These areas are also boosted by the rates of insurance coverage, whether through private or government-funded insurers, as reasons for care utilization and market growth. 

By segment, the toothbrush and related products portion is expected to grow at a CAGR of 4.1% across the reporting period.

Source: https://www.prnewswire.com/news-releases/oral-care-market-size-worth-47-380-58-million-globally-by-2028-at-3-4-cagr---exclusive-report-by-the-insight-partners-301443909.html