The increase in the prevalence of dental caries, periodontal
diseases, and other dental diseases; growing awareness about oral
hygiene, rising dental healthcare expenditure; and an increasing number
of small/private clinics with dental dispensaries are some of the
factors contributing to the growth of this market. However, the
competitive pricing pressure faced by prominent players is hampering the
growth of the oral care market.
According to the new market research report the Oral Care Market is projected to reach $54.9 billion by 2026 from $47.2 billion in 2021, at a CAGR of 3.1%.
Based on product, the oral care product market
is categorized into toothpaste, toothbrushes & accessories,
mouthwashes/rinses, denture products, dental accessories/ancillaries,
and dental prosthesis cleaning solutions. In 2019, the toothpaste
segment was expected to account for the largest share of the Oral Care
Market. The large share of this segment can primarily be attributed to
the enormous adoption of toothpaste for maintaining oral hygiene, the
treatment of dental caries, and its use in post-surgical procedures.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80546246
By
distribution channel, the Oral Hygiene Market is segmented into
consumer stores, retail pharmacies, dental dispensaries, and online
distribution. Online distribution is expected to grow at the fastest
CAGR in the forecast period in this segment. This high growth can be
attributed to the increase in the number of e-commerce platforms focused
on oral care/oral hygiene products, better convenience and availability
of a variety of products through this channel along with proper
discounts.
Some of the key players competing in the oral care
market are Colgate-Palmolive Company (US), The Procter & Gamble
Company (US), GlaxoSmithKline PLC (UK), Unilever PLC (UK), 3M Company
(US), Lion Corporation (Japan), Church & Dwight Co., Inc. (US),
Koninklijke Philips N.V. (Netherlands), Johnson & Johnson (US), GC
Corporation (Japan), Sunstar Suisse S.A. (Switzerland), Perrigo Company
plc (Ireland), Dabur India Ltd. (India), Orkla (Norway), Dentaid, Ltd
(Spain), Henkel AG & Co. KGaA (Germany), LG Household and Health
Care Ltd (South Korea), The Himalaya Drug Company (India), Young Dental
(US), and Ultradent Products Inc (US).
Colgate-Palmolive Company
(US) is a global leader in the toothpaste and manual toothbrushes
market. The company provides advanced oral care products for kids and
adults. High investment in R&D enables the company to develop new
and advanced toothpaste and toothbrushes for the oral care product
market. The company invested approximately USD 281 million in 2019 in
R&D. Though the company has a rich product portfolio of toothpaste
and toothbrushes, the company does not offer denture products and
prosthesis cleaning solutions.
Colgate-Palmolive has a strong
geographic presence across North America, Europe, the Asia Pacific,
Latin America, and Africa. The company significantly focuses on
innovations, product enhancements, and product launches. It also focuses
on strengthening customer engagement through promotional activities.
Colgate conducts seminars and campaigns to create awareness about oral
health.
Request For Report Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=80546246
In 2019, the Asia Pacific was estimated to account for the largest share of the Oral Hygiene Market,
followed by Europe. The high growth rate of this region can mainly be
attributed to the increase in the number of the geriatric population
associated with edentulism, increasing healthcare expenditure (coupled
with the rising disposable income), growing prevalence of dental caries
and other periodontal diseases in children and adults, rising awareness
about oral healthcare, and willingness to spend more on dental care.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com