Dental Product Markets Will See Growth Through 2023

Dentistry Today

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Key segments of the dental industry can expect worldwide growth in the next few years, according to ResearchandMarkets. Analysts at the research company predict huge growth in the dental 3-D printing market, with electric toothbrushes also expected to make a good showing. Other segments will see modest yet steady improvements as well. 

Dental 3-D printing will reach $5.06 billion by 2023, growing at a 23.2% compound annual growth rate (CAGR) from its $1.78 billion total in 2018. ResearchandMarkets says that 3-D printing will play an increasing role in a host of restorative procedures. The rising preference for cosmetic dentistry also will aid its growth. Other factors include the growing geriatric population, greater medical tourism, and increasing disposable income.

Plus, ResearchandMarkets expects the global personal dental water flosser market to increase by a 6.54% CAGR from 2018 to 2022. Mergers and acquisitions are driving this growth, as leading vendors in the market try to increase their market presence and attain economies of scale. Growing consumer awareness of oral health also is a key factor. However, consumers typically prefer toothpaste and toothbrushes to water flossers for oral care. 

Electric toothbrushes, for example, will see greater growth with an 8% CAGR from 2017 through 2023, taking the market segment from $2.2 billion in 2016 to $3.77 billion by 2023. Rising consumer awareness of oral hygiene is making these devices more popular. Also, electric toothbrushes more effectively remove plaque and calculus, while their soft bristles help fight tooth sensitivity.

The global dental adhesives market will see a 6.11% CAGR, taking its total of $1.92 billion in 2017 to $2.74 billion in 2023, the company reports. ResearchandMarkets attributes this growth to increased use of dental adhesives in dental hospitals and clinics as well as in dental colleges and research laboratories. The high prices that dental care often demands, though, may restrict this growth as well.

The global dental chair market, valued at $1.5 billion in 2016, will reach $2.2 billion by 2023 with a CAGR of 5%, ResearchandMarkets reports. The upsurge in the incidence of oral diseases among children and adults alike is behind this demand, the company says, with about 18.6% of children between the ages of 5 and 19 suffering from untreated dental caries in 2014 in the United States alone. Technological innovations in these chairs are propelling growth as well.

The global endodontic consumables market will grow at a 5.4% CAGR from its $1.18 billion total in 2016 to $1.71 billion in 2023. The rise in the prevalence of dental diseases, increase in the geriatric population, greater oral hygiene awareness, and dental tourism all are driving the market. While ResearchandMarkets notes that side effects of treatment may inhibit growth, there is still huge market potential in developing regions of the world.

In other segments, ReserchandMarkets expects the global dental handpieces market to see a 4.65% CAGR from 2018 to 2022. Powder-free intraoral scanners will see a 10.4% CAGR from 2013 to 2023. Dental sterilization products will reach $1.48 billion by 2023, rising at a 6.6% CAGR from its $1.08 billion total in 2018. And, the dental surgical instruments market will reach $5.96 billion by 2023, with a 5.9% CAGR from its $4.48 total in 2018.

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