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tickers: ZIMV
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| ZIMV | positively | ZimVie’s launch of its T3 PRO Tapered Implant and Encode Emergence Healing Abutment is expected to positively impact the company’s performance and market position, contributing to the projected growth of the dental consumables market, where ZimVie is a key player. The company’s commitment to innovation and its expanding dental implant and abutment solutions are well-aligned with the market trends, such as the increasing demand for advanced technologies and personalized dental care. |
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summary
Dental Consumables Market Expected to Reach US$ 49.8 Billion by 2031, Growing at a 7.1% CAGR
Wilmington, Delaware, United States, July 15, 2024
The dental consumables market is projected to attain substantial growth in the coming years, with an estimated value of US$ 49.8 billion by 2031, according to recent reports. This growth represents a 7.1% compound annual growth rate (CAGR) from 2022 to 2031. The dental industry is undergoing a transformation driven by digital tools and processes, including intraoral scanners, digital radiography, and 3D imaging. This trend, combined with a growing preference for minimally invasive procedures, is increasing the demand for specific dental consumables.
Advanced Technologies and Personalized Care
The development and use of advanced biomaterials and biocompatible products in dental treatments are gaining traction. The market is also witnessing a trend towards personalized dental care, leveraging patient-specific data and customized treatment plans. Tele-dentistry is also offering new opportunities for remote consultations and improved access to dental care.
Regional Analysis
North America, particularly the United States and Canada, dominates the market due to its well-established healthcare infrastructure and high prevalence of dental issues. Asia Pacific is also adopting advanced dental technologies and practices, driving the demand for modern dental consumables in the region.
Key Players
The dental consumables market is highly competitive, with several key players and numerous small and medium-sized companies. Competition is based on factors such as product quality, innovation, pricing, and strategic partnerships. Notable companies in this market include 3M, Danaher Corporation, DENTSPLY Sirona, Institut Straumann AG, and Zimmer Biomet Holdings, among others.
Product Innovations
Recent product innovations in the market include the introduction of the T3 PRO Tapered Implant and Encode Emergence Healing Abutment by ZimVie Inc. and the OverdenSURE overdenture attachment system by Zimmer Biomet Holdings, Inc. The dental consumables market is segmented based on product type, end-user, and region, with dental implants, dental prosthetics, and dental clinics expected to be significant drivers of market growth.
