In a recent business intelligence study, FactMR presents the nitty-gritty of the global dental anesthetics market considering 2014-2018 as the historic year and 2019–2029 as the stipulated time frame. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The dental anesthetics market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions.
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.
The study opines that although the increasing consumer awareness about oral care and dental treatments will push the growth of dental anesthetics market, the development of oral care and dentistry offers a potential boost to dental anesthetics sales owing to the rising demand from patients for painless operations. Dental anesthetics has steadily gained widespread acceptance as a safe and effective minimally invasive procedure. Healthcare providers around the globe have opted for dental anesthetics as a preferred option while treating a wide range of injuries and disorders.
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Dental anesthetics have witnessed several advancements in terms of technology to achieve higher precision and reduce pain during surgeries and operations. There are numerous aspects that have triggered the adoption of dental care thus pushing the growth of the dental anesthetics market. Increasing spending on dental treatments owing to higher disposable income of individuals worldwide coupled with increasing awareness about oral health have positively impacted the global market growth. Fact.MR’s analysis also analyzes how dental tourism is on a constant rise and becoming an increasingly important aspect fueling the growth of dental anesthetics market. Cost-efficient dental procedures and new dental technologies will continue to create new growth opportunities.