Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSJune, 2021: Dentsply Sirona and 3Shape to join hands to develop intraoral scanners and other oral care devices. 3Shape is a global level developer and manufacturer of 3D scanners and CAD/CAM software solutions.
September, 2021: ViiV Healthcare, collectively owned by GlaxoSmithKline plc, Pfizer Inc. and Shionogi announced approval of the U.S. Food and Drug Administration (FDA) for cabotegravir as an antiviral drug.
The global disposable oral care devices market is estimated to grow at a CAGR of ~5% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing cases of oral diseases, improving healthcare sector, and growing awareness regarding hygienic medical practices. According to the World Health Organization (WHO), oral diseases affect nearly 3.5 billion people every year. Disposable devices reduce the risk of infection transmission to almost negligible, which is the primary growth driver for the market growth. With the surge in public awareness regarding personal hygiene, patients opt for disposable devices. Moreover, COVID-19 pandemic has stressed the importance of hygiene, which is estimated to further strengthen the market growth.
The increasing geriatric population globally is also anticipated to boost the market growth. Older population suffers from more diseases, which increases the demand for oral care products. According to the data by the World Bank, 9.318% of the global population aged above 65 years, in 2020.
The market is segmented by end-user into hospitals, nursing homes, specialty clinics, and others, out of which, the nursing homes segment is anticipated to hold the notable share in the global disposable oral care devices market over the forecast period on account of high share of geriatric patients in nursing homes, along with the higher acceptance of nursing homes. CLICK TO DOWNLOAD SAMPLE REPORT
According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.
On the basis of geographical analysis, the global disposable oral care devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of high geriatric population and improving healthcare services in the region.
The market in the North America region is anticipated to gain the largest market share during the forecast period, on account of efficient healthcare sector, customer-friendly reimbursement policies, and presence of major market players in the region. Moreover, the higher prevalence of oral disease in the region is estimated to boost the market growth.
The global disposable oral care devices market is further classified on the basis of region as follows:
Our in-depth analysis of the global disposable oral care devices market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The rising cases of oral diseases, along with increasing adoption of hygienic practices to boost the market growth.
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2030.
Lack of awareness amongst people is estimated to hamper the market growth.
The market in the North America region will provide more business opportunities owing to the favorable reimbursement policies on healthcare expenditure.
The major players in the market are Church & Dwight Co., Inc., Dr. Fresh, LLC, Dentaid Ltd., Lion Corporation, Sunstar Suisse S.A., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product, end-user, and by region.
The nursing home segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
Related Reports
Disclaimer | Privacy Policy | Terms & Conditions
Copyright © 2021 Research Nester. All Rights Reserved
