The global market for dental consumables is expected to reach an estimated value of $23.8 billion in 2018, according to a new market report published by Transparency Market Research.
The global dental crowns and bridges segment held majority share of the market in 2011, and the ceramic CAD/CAM market, a subsegment of the crowns and bridges market, is expected to grow at a growth rate of approximately 18% from 2012 to 2018, according to the report. Furthermore, the rapidly rising popularity of cosmetic dentistry helps the global orthodontics market to grow at the highest compound annual growth rate during the forecast period.
The rise in global dental tourism induced by low labor costs, low fixed infrastructure costs, and minimum government intervention in emerging economies, such as India, Hungary, and Turkey, have led to the rise in demand for dental consumable products in these nations, according to the firm.
Meanwhile, the major growth driver for the dental consumables market in developed countries, such as the U.S., Australia, the UK, and Germany, is the introduction of government initiated dental reforms such as the Comprehensive Dental Reform Act of 2012 in the U.S. Some of the other growth drivers of the market include the global aging population and the rise in demand for cosmetic dentistry.
