The Dental Market Growth is driven by Increasing Cases of Dental Diseases
Key Takeaways
Key players operating in the dental market are Cargill, Inc., PT Astra Agro Lestari Tbk, Wilmar International Ltd, Malaysian Soy oil & palm oil Council (MPOC), Carotino Sdn Bhd, Yee Lee Corporation Bhd, IOI Corporation Berhad, Archer Daniels Midland Company, Dow DuPont Inc., and Guangxi Long'an Ruifeng Industrial & Trading Co., Ltd. These players are focusing on new product launches and geographical expansion to strengthen their market position.
The growing demand for dental treatment worldwide owing to the growing geriatric population and mounting incidence of dental disorders like tooth decay and periodontal diseases is driving the dental market growth. With increasing disposable incomes, the demand for advanced cosmetic and restorative dental treatments is surging across both developed and developing economies.
The global Dental Market is expanding rapidly with dental product manufacturers entering into new regional markets through acquisitions, partnerships, and joint ventures. The emerging markets in Asia Pacific and Latin America offer lucrative growth opportunities owing to rapidly increasing healthcare expenditures, growing middle-class population, and rising dental awareness. Advanced dental care is now accessible to a considerable population in these regions.
Market Drivers
The rising prevalence of dental diseases on account of junk food consumption, poor dietary habits, and lifestyle changes are propelling the market for dental products. Diseases like dental caries and periodontal diseases result in tooth loss and oral issues if not addressed timely through dental treatments including surgeries, implants, braces, andwhitening procedures. This is a key factor driving the demand for dental consumables and equipment. Furthermore, the growing geriatric populationprone to oral health problemsis augmenting the requirement of dental care worldwide, thereby benefitting the market.
Current geopolitical tensions are impacting the growth of the Dental Market Size globally. The ongoing Russia-Ukraine conflict has disrupted supply chains and trade flows, affecting the availability and costs of key raw materials used in dental products and equipment. For instance, prices of titanium and stainless steel have jumped significantly due to sanctions on Russia, a major supplier. This is pushing up production costs for dental implant manufacturers.
Geopolitical uncertainties in other parts of Europe and Asia are also slowing capital investment decisions in the dental sector. With budgets tightening amid higher inflation, many countries are focusing spending on essential healthcare, deferring upgrades of dental clinics and hospitals. This has temporarily reduced demand for new dental chairs, imaging systems, and other medical devices.
To navigate these challenges, companies in the dental market need to diversify their supplier networks globally and maintain flexibility in manufacturing operations. Establishing multiple manufacturing sites across different geographic regions can help mitigate political and trade risks. Stockpiling critical raw materials for 6-12 months may also provide a buffer against future supply disruptions. Adopting a lean inventory management approach combined with periodic supplier audits will be important to maintain resilience in unpredictable times.
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