Increasing number of patients suffering from different dental diseases have increased the demand different treatments in the market. During the last few years, the dental consumables have changed the treatment scenario. The market is expecting a healthy growth during the next decade. Moreover, well developed technology has supported the growth of the market in this region.
Increasing prevalence of microdontia is the major factor contributing to the growth of the market and is likely to increase in the coming years due to increasing prevalence of dental problems and aging populations worldwide.
During last decade the number of dental procedures have increased which has influenced the growth of the market positively. Moreover, increasing demand for better treatment and changing reimbursement policies has boosted the market growth
The global microdontia market is expected to grow at a CAGR of ~5.6 % during the forecast period 2017-2023.
According to the American Dental Association, in 2014, 52.3% of adults reported to visit the dentist every six months, 15.4% reported once per year, and 11.0% reported once every two to three years. According to the Pew Center on the States, in 2010, Americans spend USD 106 billion on dental care. Moreover, According to the American Dental Association, in 2010, over 600 million dental procedures were performed which will continuously increase in coming future. Approximately 75 % of all procedures were diagnostic procedures. Children ages 0–20 accounts 41 % of all procedures. Moreover, advancing technology in dentistry is adding fuel to the growth of the market.
The Americas dominate the global microdontia market owing to the presence of huge patient population with dental diseases, high healthcare spending, and increasing government support for research development.
Europe holds the second largest share of the global microdontia market as result of increasing focus of various government agencies on the treatment of dental diseases such as microdontia. Moreover, the growing public awareness about microdontia likely to boost the Europe market.
Asia Pacific is the fastest growing microdontia market across the globe. Japan holds the major share of the regional market due to availability of advanced technology and huge healthcare spending. Moreover, rapidly developing economy, increasing healthcare expenditure, and the government’s initiatives for research development projected to drive the market in China and India over the forecasted period.
The Middle East and Africa holds the least share of the global market due to limited availability of medical facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East African market. Whereas, the African region is expected to witness a moderate growth.
The global microdontia market is segmented on the basis of types, by treatment, and by end user. On the basis of type, it is segmented into true generalized microdontia, relative generalized microdontia, and localized (focal) microdontia. On the basis of treatment, it is segmented into cosmetic dentistry, and others. On the basis of end user, it is segmented into dental clinics, dental laboratories, and others.
Some of key the players in the market are Patterson Dental (U.S.), Henry Schein (U.S.), Dentsply Sirona (U.S.), 3M (U.S.), Straumann (Switzerland), Danaher Corporation (Switzerland), PLANMECA OY (Finland), Carestream Health, Inc., Biolase Inc, KERR Corporation, GC orthodontics, and American Orthodontics.