Global demand for an electric toothbrush market is expected to register a CAGR of 7.8% by garnering a market value of US$ 9.8 billion by 2033. The market is currently estimated to hold a value of US$ 4.6 billion in 2023.
Several factors are fueling this electric revolution in oral care:
- Rising awareness of oral health: Consumers are increasingly prioritizing dental hygiene, recognizing the link between healthy teeth and gums and overall well-being.
- Technological advancements: Electric toothbrushes are now packed with innovative features like pressure sensors, smartphone connectivity, and personalized brushing modes, making oral care more effective and engaging.
- Expanding disposable income: In developing economies, disposable income is on the rise, leading to increased spending on personal care products like electric toothbrushes.
Consumer preferences in the personal care segment are rapidly evolving. There is a growing consumer penchant for efficient, easy-to-use, and quick oral hygiene products. Current product innovations by key players have led to the launch of highly efficient product variants that can minimize the brushing time.
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Increasing Oral Issues Emerge as Significant Market Driver
Instances of oral diseases, including mouth cancer, are currently on the rise. The modern eating patterns, consuming highly acidic sugary food, have created a conducive environment for plaque and tartar. Therefore, in the fast-moving world, electric toothbrushes have become an easy, quick fix for those battling dental issues.
Consumer Awareness Can Accelerate Market Growth
Despite the rising popularity of electric toothbrushes, it is yet to penetrate the market extensively. Due to its lack of awareness and benefits, the market growth might slow down. Coupled with the fact that the product is often priced at a higher point than regular toothbrushes, gaining traction in developing markets could be a difficult task.
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High Maintenance Costs Can Impact the Market
Unlike a regular toothbrush that can easily be thrown or replaced, electric toothbrushes warrant significant maintenance costs. Consumers, when required to spend additional costs on a high-priced product for battery/electricity, might prefer product alternatives. The maintenance of the delicate electric circuit of toothbrushes can prove quite tedious for consumers. Therefore, due to its cost that is higher compared to a normal toothbrush, consumers might hesitate to pay extra for its replacement services.
Key Takeaways
- The global electric toothbrush market recorded a 7.3% CAGR between 2017 and 2022.
- During the forecast period, the United States market is projected to record a CAGR of 6.3% and is expected to reach a valuation of US$ 2.7 billion by 2033.
- The China market is anticipated to register a CAGR of 10.7% between 2023 and 2033.
- Between 2023 and 2033, the rechargeable segment is projected to register a CAGR of 6.6% in the product type category.
- During the forecast period, the hypermarket/supermarket, the top sales channel segment is anticipated to thrive at a CAGR of 7.5%.
Key Players:
- Panasonic Corporation
- Colgate-Palmolive Company
- The Procter & Gamble Company
- Church & Dwight Co., Inc.
- JSB Healthcare
- Koninklijke Philips N.V.
- Omron Healthcare, Inc.
- FOREO Company
- Wellness Oral Care Company
- Fairywill Company
- Lion Corporation
- Conair Corporation (Interplak)
- SEASTAR Corporation
- Smilex Company
- Kolibree Company
- Rotadent Company
- Shenzhen Risun Technology Co. Ltd.
- Ningbo Seago Electric Co, Ltd.
- Dretec Co., Ltd.
- Brush Buddies Company
- SONIC Chic Company