Dental Consumables Market Distribution Efficiencies a Neglected Strategy Forecasts by 2024

Brief Insights:

According to the American Dental Association, in 2015, 52.3% adults were reported to have visited their dentist every six months. 15.4% consulted the doctor once a year and 11% visited their dentist once every two to three years. The above statistics display that the North America dental consumables market is going to flourish!

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Market Dynamics:

Dental consumables (products) are used with regards to preventive, restorative, and diagnostic oral health. This market is expanding further because of dentistry practices, healthcare expenses, and technological developments. Increasing R&D spending, worldwide population, and dental diseases are likely to boost market revenues. The industry is also doing well owing to the demand for restorative procedures over extractive ones.

However, the market witnesses constraints in the form of reimbursement cuts, indefinite medical policies, and high fragmentation. Poor quality & distribution of consumables also negatively influence the industry. The North America dental consumables market would reach nearly USD 5, 292 million by 2023. It is projected to grow at a CAGR of 6 % from 2017-2023 (forecast period).

Industry Segments:

The North American industry has been segmented on the basis of types and geographies. By types, it is divided into dental implants, dental prosthetics, dental restorative materials, and dental regenerative materials. Dental implants captured the largest shares in 2016. They are predicted to generate close to USD 2, 105 million by 2023. Furthermore, this sub-segment will witness the fastest growth (at a CAGR of 6.5 %) during the forecast period.

World Dental Consumables Market Geographical Analysis:

The U.S. accounts for significant shares due to high medical expenditures and large per capita disposable incomes. Additionally, national innovative dental technologies drive this region. Its major healthcare firms coupled with huge insurance penetration also boost regional sales.

The U.S. invests high amounts on its healthcare, which account for around 16% of the total GDP. It occupied the largest shares in the North America dental consumables market in 2016. The U.S. can attain USD 1, 570 million by 2023, at a CAGR of 7% till 2023.

Canada produces the remaining shares. It resembles the U.S. in terms of per capita incomes and medical infrastructures. However, both these regions benefit advanced players. Hence, the entry barrier for a new comer is high, which reduces competition.

Eminent North American Players:

Some of the eminent participants include Institut Straumann, Henry Schein, Patterson Dental Supply, Dentsply Sirona, and Kerr Corporation. The consolidations and mergers of large healthcare companies in the U.S. are projected to augment regional sales. Mergers and acquisitions increase the buying power of players, improving scale & scope efficiencies. On the contrary, to gain profits from the savings owing to efficient scales, the profits must be transferred to the end customer. Thus, collaborations between hospitals and insurance companies are an attractive growth strategy.

Distribution efficiency is yet another neglected area, urging the players to address it. The North America dental consumables market witnesses huge competition, adding pressure to the pricing structures. Hence, distribution efficiencies need to be addressed quickly, as nobody can afford to lose such a valuable aspect. Apt winning strategies would be a combination of all the positive factors, considering the market attributes.

Massive untapped prospects across developing countries, like India and South Africa and higher overall demand for cosmetic dentistry should generate lucrative prospects for the North American market. Most of the industry competitors/firms indulge in partnerships and product innovations to gain a better edge over others.    

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Major TOC for Dental Consumables Market:

1 Introduction

1.1 Definition

1.2 Additional Facts & Figures

1.3 Scope of Study

1.4 Research Objective

1.5 Assumptions & Limitations

1.5.1 Assumptions

1.5.2 Limitations

2 Research Methodology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Introduction

3.2 Growth Drivers

3.2.1 Increase in Dental procedures

3.2.2 Ageing World Population

3.2.3 Rise in Dental Tourism

3.2.4 Increasing Cosmetic dentistry treatments

3.3 Growth Barriers

3.3.1 Lack of Technological Awareness

3.3.2 Gray Market of Dental Distribution

3.4 Opportunities

3.5 Macroeconomic Indicators

3.6 Market Analysis by Factors

3.6.1 Price Strategy Analysis

3.6.2 Supply Chain Analysis

3.7 Value Chain Analysis

…T.O.C Continued

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