Regional Players Dominate the Market Holding of nearly 40% of Revenue Share Despite Presence of about 400 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on <u>Global Dental Consumables Market</u> by Ken Research
Dental Consumables are the products that are utilized by dentists to treat dental health problems including tooth restoration, dental caries, tissue problems, dental impairments, periodontal diseases, and others. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Global Players that constitute about 10% of the Total Number of Competitors Hold nearly 35% While Regional Companies Also Have a Strong Presence and Hold the largest revenue share of 40%
A comprehensive competitive analysis conducted during the Research Study found that the Global Dental Consumables market is highly competitive with ~400 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in dental consumables. The regional players comprise about 40% in terms of the number of companies and hold around 40% of the market revenue share followed by large global players that account for nearly 35% of the market revenue. Most of the country-niche players are operating their dental consumables business and continuously engaged in strategic developments such as as innovative product launches, expansion, and others, and also large global players are expanding their dental consumables business through strategic partnerships, acquisitions, and others.
Leading Key Players’ Ongoing Efforts To Provide Innovative Dental Consumables Are Driving Their Revenue Growth From This Market
Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Dentsply Sirona, 3M, Ivoclar Vivadent, and others are highly focused on providing new and innovative dental consumable products for various end-users, and are deeply involved in strategic developments such as partnership, expansion, and others. Furthermore , several companies are aggressively involved in partnerships with other players for manufacturing new dental consumable products and are involved in launching new online platforms to offer all dental products on one platform.
- In May 2022, Ormco Corporation launched a new online store for orthodontics in North America. The company aimed to provide a seamless and one-stop shopping experience for orthodontics through an online platform.
The Ongoing COVID Pandemic Led to the Rapid Decline in the Dental Consumables Market
The COVID-19 pandemic had negatively impacted the dental consumables market globally. Dental treatment possesses a huge risk of cross infection as it requires close physical proximity of dentists with patients and to curb the situation, the non-essential imaging and diagnosis were put on halt . The pandemic increased the demand for tele dentistry. However, Covid-19 has decreased the patient flow and resulted in a lack of routine dental check-ups and decreased demand for dental consumables. However, with the ease of lockdown and an increasing number of vaccinations, the market is anticipated to grow at a steady pace.
The rising incidence of dental diseases due to lack of oral care and bad eating habits during the COVID-19 pandemic is expected to boost the demand for dental treatments and diagnoses, which will eventually fuel the growth of the global dental consumables market during the forecasted period .
- According to European Observatory on Health System and Policies, a partnership hosted by World Health Organization (WHO), the pandemic had a significant impact on routine check-ups due to restrictions by governmental bodies. The World Dental Federation (FDI) stated that due to disrupted routine check-ups and deteriorating eating habits, the incidence of tooth decay and oral diseases increased.
The growing need for Dental Consumables among End-User Led to Major Industry-Wide Developments, Acquisitions, Partnerships, and Expansion.
- In January 2021, Nobel Biocare launched Xeal and TiUltra surfaces that are applied to implants and abutments, which optimize tissue integration at every stage. The new Xeal abutments are designed in such a way to promote soft-tissue attachment and the TiUltra surface promotes early osseointegration .
- In February 2021, Align Technology announced the launch of the iTero Element Plus Series, a series of new solutions that feature next-generation technology to improve the scanning experience and increase practice productivity in the dental market.
For More Information, refer to below link:-
Dental Consumables Manufacturing Companies
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