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Aging populations throughout the world and rising disposable incomes throughout the world are driving demand for dental products and services, especially in the cosmetic sector. This is also leading to an increase in dental tourism.
The dental consumables market, defined as the purchase and sale of products used by patients in the treatment of dental disorders, is expected to experience a significant increase in growth. Products like these are becoming more frequently used around the world in the process of tooth restoration, and in the treatment of problems associated with the gingiva and other dental impairments.
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The dental consumables market is forecast to grow through 2022, and several factors are influencing this growth. The global population is aging, and the need for dental care for this segment of society is driving growth across several regions, including Europe and North America. Also, there has been a rising demand for cosmetic dentistry services, especially as the worldwide population has enjoyed rising disposable incomes, primarily in developing countries.
As disposable incomes have grown, so too has the dental tourism industry. More patients than ever are willing to travel in order to have access to dentists who have specialized knowledge and are capable of performing the most up-to-date dental procedures. Patients are also traveling for access to state-of-the-art dental equipment. Since there are now so many options in dental providers, many patients travel in order to find the best deals — they seek out dental care at a reduced price compared to the services they can access closer to home.
The expansion of the dental tourism industry is based, in part, on more stringent regulations, the advancement of new dental technologies, dental surgery options that are more cost-effective, and economic improvements in developing countries. As this industry grows, so too does the dental consumables market.
In addition to dental tourism, the push for increased education about dental and oral health has become a contributing factor to the growth of the dental consumables market. Many dental reforms have taken place in countries like Germany, the United States, and Australia, with attempts to increase public awareness about oral and dental health becoming standard practice. As the consumer population has become increasingly aware of oral health and hygiene issues, they are increasingly seeking out dental services and care.