Global Oral Care Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s oral care market report forecasts the oral care market size to grow to $58.56 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.
Learn More On The Oral Care Market Report 2023 – https://www.thebusinessresearchcompany.com/report/oral-care-global-market-report
Oral Care Market Size Forecast
The global oral care market is expected to grow from $41.33 billion in 2022 to $44.51 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oral care market size is expected to grow to $58.56 billion in 2027 at a CAGR of 7.1%.
Asia-Pacific held the largest oral care market share.
Key Oral Care Market Driver – Increase In Awareness Of Dental Health Care
According to the 2022 State of America’s Oral Health and Wellness Report, a US-based association that provides crucial education and research and supports key policies to prevent dental disease, 92% of adults and 96% of parents say maintaining good dental health is very important for overall health. One in five (20%) persons think that a problem with their oral health directly impacted their general health. Therefore, awareness of dental health care drives the oral care market growth.
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Key Oral Care Market Trend – Technological Advancement
Major players in the oral care market are adopting CAD/CAM technology for providing oral care services. CAD stands for “computer-assisted design” that uses computer-based software to assist in design processes and producing two-dimensional (2-D) drawings and three-dimensional (3-D) models. Computer-Assisted Manufacture (CAM) helps to automate a production process via software and computer-controlled equipment. In oral care with CAD/CAM technology, the tooth is prepared for the crown by drilling it and then a computer image is taken. The crown is made in-office using a machine that receives this image. For instance, in February 2022, Planmeca, a US-based dental imaging and CAD/CAM equipment manufacturer, introduced the PlanmecaPlanMill 35. The new PlanmecaPlanMill 35 is one of three components of the Planmeca FIT CAD/CAM system.
Oral Care Market Segment
1) By Product Type: Toothpaste, Mouth Wash and Rinse, Teeth Whitening, Dental Floss, Tooth Brush, Orthodontic Wax
2) By Distribution Channel: Store-based, Non-Store-Based
3) By End User: Hospitals, Dental Clinics
Oral Care Market Major Players and Strategies
Major players in the oral care market are Procter & Gamble Co., Johnson & Johnson Services Inc., GlaxoSmithKline, Church & Dwight Co., Inc., Colgate Palmolive Co., Unilever , Sunstar Suisse, Lion Corporation, Dr Fresh, Dentaid Research Center, Koninklijke Philips NV, Oral-B Laboratories Ltd., Henkel AG & Co., KGaA, Amway, Dabur, and Jordan AS.
In January 2020, Colgate, a US-based consumer products company specializing in the production, distribution, and provision of household, oral care, health care, personal care, and veterinary products, acquired Hello. Through this acquisition, Colgate will expand its oral care sector and thrive to provide its customers with the best oral care services. Hello is a US-based oral care brand specializing in adult and kid’s toothpaste, mouth rinse, toothbrushes, and floss.
The Oral Care Global Market Report 2023 covers regional data on oral care market size, oral care market trends and drivers, opportunities, strategies, and oral care market competitor analysis. The countries covered in the oral care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Oral care is crucial for maintaining good oral health, lowering the risk of infection and inflammation in the oral cavity, and preventing systemic infection from the oral cavity.
View More Reports Related To The Oral Care Market –
Dental Crown And Bridges Global Market Report 2023
Dental Equipment And Supplies Global Market Report 2023
Dental Services Global Market Report 2023
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