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(MoneyNewsWire.Net, July 07, 2017 ) The Latin America Dental consumables market is valued at $1.48 USD billion for the year 2015 and is poised to reach $1.73 USD billion by the end of 2020 at a CAGR of 3.14%. Generally, dental consumables are used for the treatment of dental disorders such as problems associated with gingival tissues, tooth restoration and dental impairments. With the shift in patient's choice trends and upsurge in the demand for cosmetic dentistry, the dental consumables market is showing high potential for growth.
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The Latin America 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. The highest CAGR is expected to be shown by the orthodontics market essentially due to the growing popularity of cosmetic dentistry. The crowns & bridges segment accounts to nearly quarter of the market with ceramic CAD/CAM - which forms a section within the crowns and bridges market – displaying higher growth trends.
Escalating medical 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.
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Furthermore, on the basis of geography, the Latin America Market is analysed under various regions namely, Argentina, Brazil, and Mexico. With an increase in patient/consumer affordability, the performance of the premium segment of dental consumables in these markets is building. In the meantime, simpler and more standardized treatment protocols will lessen chair time and encourage market growth in developed countries.
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 Latin America dental consumables market include, Biomet 3I, 3M ESPE Dental Solutions, Henry Schein, Inc., Ivoclar Vivadent Ag, Septodont, Nobel Biocare, Ultradent Products, Zimmer Dental, Straumann, Danaher, Sirona, GC Corporation, and Align Technology
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