Witnessing an average Y-o-Y growth of ~5% in the revenues, the global dental anesthetics market is set to reach the US$ 1 billion market, by 2020. Hospitals will remain the cornerstone of the promising growth outlook of dental anesthetics market, according to a recent study of Fact.MR. The report suggests that half of the overall sales of dental anesthetics is accounted by hospital pharmacies, whereas a third of the total dental anesthetics consumption is registered by hospitals.
A Meaningful evolution of the dentistry and healthcare industry in recent years has provided a feasible boost to dental anesthetics, thereby driving developments in the market. Dental consumables industry is growing positively in line with the progressing traction and outgrowing dental anesthetics market, over the recent past. The current growth trend of dental anesthetics market has prominently influenced the increasing number of dental patients across all the regions of the globe, says the report.
Market in Europe & APAC Projected for Lucrative Prospects
Fact.MR’s study envisions dental anesthetics market to exhibit significant growth rate during the forecast period. The average per capita spending over oral care and healthcare by North America is slightly more than that of Europe and other regions across the globe, which is likely to boost the growth of dental anesthetics market.
North America’s continued primacy in dental anesthetics market is likely to prevail, followed by Europe. The growth of latter is likely to be driven by mounting R&D investments in dental care space, within countries, such as the UK and Germany. Dental anesthetics are largely being manufactured in Europe, out of which a large percentage is being exported to other regions, according to Fact.MR’s research. Latin America is a potential market for dental products after United States. Brazil market for dental anesthetics is expanding at a constant rate owing to entry of various international players. However, counties like Mexico and Brazil import a range of dental anesthetics from Europe and US on a large scale.
On the other side, Asia Pacific holds lucrative opportunistic potential for the dental anesthetics market, banking on the easy labor availability and relatively lower land costs. Companies are thus strategizing the establishment of their manufacturing bases in Asian economies. Moreover, fast-developing economies, such as China and India, have showcased a notable increase in dental surgeries over the recent past, which continues to trigger increased usage of dental anesthetics in this region.
This Fact.MR study tracks the growth of global dental anesthetics market over a decade-old projection period, 2019-2029.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583