Global Dental Consumables Market: Rising Need for Treatments Due to High Incidence of Dental Disorders to Fuel Growth, observes TMR Date: 03-17-2017 04:52 PM CET Category: Health & Medicine Press release from: Transparency Market Research
The global market for dental consumables was led by U.S. based Danaher Corporation in 2014. The company has its research and development, distribution, manufacturing, and administrative bases in more than 50 countries. The top four market players, Zimmer Biomet Holdings, Inc., Danaher Corporation, Henry Schein Inc., and Dentsply Sirona accounted for 62% of the global dental consumables market in the same year. Several leading market players have been aggressively securing partnerships, acquisitions, and mergers to gain a competitive edge. For example, in 2013, DENSPLY International, Inc. purchased Hong Kong based QAHR. In February 2016, Henry Schein acquired RxWorks, Inc., a supplier of veterinary practice management software. As per the findings of Transparency Market Research (TMR), a revenue worth US$33.4 bn will be achieved by 2024. In 2015, the global dental consumables market was pegged at US$19.6bn. The market is projected to expand at a favorable CAGR of 6.1%, states TMR. Europe emerged at the fore among the regional markets, accounting for a mighty 40.7% share of the global dental consumables market in 2014. Download Exclusive Brochure of This Report : www.transparencymarketresearch.com/sample/sample.php?flag... Advanced Healthcare Facilities in Developing Nations to Bring About Growth The population worldwide continues to suffer from dental caries and periodontal diseases. The high demand from countries such as Australia, Canada, the U.S., Japan, and parts of Western Europe can be attributed to the rising healthcare expenditures in these regions. Increasing per capita incomes of people in emerging economies have facilitated access to expensive dental treatments. The tremendous growth of this region is backed by advanced dental health facilities and increase in healthcare funding in countries such as Norway, the U.K., Greece, and Spain. Europe is closely followed by North America, where the growing baby
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