![]() ![]() Likewise, the easily replaceable battery being convenient, especially for the outdoors and without a power supply, is helping to increase its preference rate. To know how our report can help streamline your business, Speak to Analystīattery-Powered Segment to Hold Large Part in the Market Share Owing to Convenienceīased on product type, the market is bifurcated into battery-powered and rechargeable.īattery-powered is estimated to hold a major share of the product available at a more reasonable price than rechargeable. Therefore, this is acting as a hampering factor for the market growth. Lack of awareness regarding the advantages of using an electric toothbrush to cleanse better and maintain the health of a tooth in brushing compared to a regular toothbrush resulted in restraining the adoption rate of the product. Lack of Awareness Regarding Advantages of Product Usage to Restrain Market Growth ![]() According to the issued data by the UNCTAD.Org, in 2021, the global urban population was 56.5%, which is a rise from 55.7% in 2019. This is fostered by people in urban places possessing high spending power and being more aware of the importance of using the product. Moreover, the global urban population witnessing a spike has played a vital role in surging the consumption rate. This is attributed to the youth being more inclined toward innovative and advanced products. The declining youth unemployment rate in countries around the world significantly influences the demand for the product. This is due to the product's ease of use, reducing energy use in brushing the teeth with a deeper cleanse.ĭecreasing Youth Unemployment and Rising Urban Population to Fuel Product Demand Besides, a large number of hospital admissions due to various health issues are also acting as one of the crucial contributors to the rising demand. For instance, the data published by the World Health Organization in December 2021 mentions that, more than 1.3 billion people worldwide possess some form of disability. The product's ability to create convenience, especially for people with multiple types of disabilities, is helping to foster the demand for the product worldwide. Surging Product Adoption Among Consumers with Disabilities and Health Issues to Bolster Market Growth For instance, in November 2022, Quip, a popular oral-health organization, launched its first rechargeable electric toothbrush that would remain charged until at least three months. AI technology provides enhancement of the product for recording, monitoring, and tracking the health of the teeth, thus acting as an opportunity for market growth. The key market brands increasingly emphasize incorporating AI technology to draw more consumers, especially among tech enthusiasts. Growing Product Incorporation with AI Technology to Spike Market Growth ![]() Request a Free sample to learn more about this report. The issued data by the Colgate Palmolive annual report mentions that its global net sales in 2020 have witnessed a rise of 5% from the previous year. Thus, this resulted in a positive revenue impact on key brands operating in the market. This plays a vital role in spiking the demand owing to the online sector of businesses still providing excellent services in countries worldwide. The outbreak of the COVID-19 pandemic propelled consumers to upsurge their spending on essential goods items, including electric toothbrushes, to avoid the need for regular shopping. COVID-19 IMPACT:ĬOVID-19 Propelling Consumers to Stock Up Essential Goods Strengthen Market Growth The rising advertising expenditure by key players is anticipated to have a crucial impact in paving a path for escalating the consumption rate. The usage of the product gives rise to less tooth decay, sustains the health of gums, and retains the strength of the tooth. This factor is surging the utilization of electric toothbrushes across the world. The global population increasingly gives high priority to oral health and hygiene. The global electric toothbrush market size was USD 3.16 billion in 2022 and is projected to grow from USD 3.27 billion in 2023 to USD 4.37 billion in 2030, with a CAGR of 4.21% in the 2023-2030 period. ![]()
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