(PharmaNewsWire.Com, June 26, 2017 ) The Europe Dental consumables market is valued at $5.55 USD billion for the year 2015 and is poised to reach $6.39 billion by the end of 2020 at a CAGR of 2.86%. Dental tourism is the backbone of a booming medical tourism industry in the European markets. One of the major factors driving the market is the shifting subtleties of patient's choice and growing demand for cosmetic dentistry.
Escalating medical and dental tourism in developing countries, increase in geriatric population, mounting demand for cosmetic dentistry, government-supported dental reforms in developed countries are the key factors driving the growth of the market. Yet, lack of awareness among the people regarding the available technologies, lack of appropriate reimbursement policies by private/governments agencies and stringent regulatory framework are the major challenges effecting the growth of the European dental consumables market.
The Europe Dental Consumables market can be segmented Dental Burs, Whitening Materials, Dental Anaesthetics, Dental Biomaterials, Dental Syringes, Dental Prosthetics and Endodontics. And by End Users the market is Segmented into Hospitals, Research and Academic Institutes & Forensic labs. Within the forecast period, the market is expected to be dominated by the orthodontics segment owing to the growing popularity of cosmetic dentistry. The crowns & bridges segment accounts to one-fourth of market with ceramic CAD/CAM - which is a section within the crowns and bridges market, is exhibiting great potential.
Furthermore, on the basis of geography, the European Market is analysed under various regions namely, UK, Spain, Italy, Germany and France. Europe generates highest revenue in the market compared to all other regions due to the presence of several market leaders.
DENTSPLY International Inc. is the market leader with a remarkable share of the dental consumables market. This can be credited to the company’s wide-ranging product portfolio. Some of the key players in the Europe dental consumables market include, Biomet 3I, 3M ESPE Dental Solutions, Henry Schein, Inc., Kerr Corporation/Sybron Dental Specialties, Nobel Biocare, Patterson Companies, Inc., Septodont, Zimmer Dental, Straumann, Danaher, Sirona, GC Corporation, Heraeus Dental and Align Technology
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