Global Dental Market Worth $10.0 Billion by 2013
December 15, 2008
Wellesley, Mass—According to a new technical market research report, THE DENTAL MARKET: TECHNIQUES, EQUIPMENT & MATERIALS (HLC028C) from BCC Research, the global dental market is expected to be worth $7.9 billion in 2008. This should increase to nearly $10.0 billion by 2013, a compound annual growth rate (CAGR) of 4.7%.
The market is broken down into professional dental equipment and supplies, and retail dental care. Retail dental care is the largest segment, worth an estimated $4.8 billion in 2008. This should reach $5.8 billion in 2013, for a CAGR of 3.9%.
Professional dental equipment and supplies represent the second largest segment, worth an estimated $3.2 billion in 2008. This segment is expected to grow at a CAGR of 5.8% to reach $4.2 billion in 2013.
TOTAL U.S. DENTAL MARKET ANALYSIS BY PRODUCT SEGMENT, 2006-2013
Source: BCC Research
Dental problems are varied but usually begin with dental caries. Dental caries is a general term applied to the decalcification of the mineral components and dissolution of the organic matrix of the teeth. Cavity formation is the clinical evidence of the progression of this process. In the United States approximately half of all children, 96.0% of adults, and 99.5% of individuals older than 65 years of age have had dental caries.
Everyone from the very young to the very old needs dental care. Consumers are becoming more aware of the need for a proper dental routine using several different products, and this trend has helped to increase sales of toothbrushes, mouthwashes and floss.
Furthermore, as incomes are increasing in various regions around the world, such as the Asia-Pacific region and Latin America, consumers are becoming more involved in their dental care. In more established regions such as Western Europe and North America, consumers are looking towards more cosmetic dentistry and preventative tooth care instead of simply corrective dental care.
The Dental Market: Techniques, Equipment & Materials ( HLC028C )
Publish Date: December 2008
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: firstname.lastname@example.org as the source and publisher. Thank you.