Market Overview –
The dental industry market is thriving, propelled by advancements in dental machinery. Innovations like digital imaging systems and CAD/CAM technology are revolutionizing dental practices worldwide. With an increasing emphasis on preventive care and cosmetic procedures, the demand for cutting-edge equipment continues to rise. This dynamic landscape offers abundant opportunities for growth and innovation.
The Dental Industry Market is witnessing steady growth globally, driven by increasing awareness of oral health and advancements in dental technology. Demand for dental services, equipment, and products such as braces, implants, and whitening treatments is on the rise as people prioritize dental aesthetics and overall health.
The market for dental products is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2032, or roughly USD 67.1 billion.
Major Drivers and Challenges
Franchise dentistry has gained significant popularity in the global market, which was conventionally dominated earlier by only independent dentists. Franchises offer cost-effective services compared to individual dentists. Franchises offer several dental services such as repairs, accounting, staffing, and others, which not only benefits the patients but dentists as well. Dental franchise models provide the biggest advantage of cost savings, realized via high negotiating power as well as economies of scale. This would be a highly favorable trend in the dental industry market over the next couple of years.
Furthermore, dental service providers are replacing metal-based restorations with ceramics-based dental restorations. This can be owing to better performance and aesthetics characteristics offered by dental ceramics. The technological advances in dental ceramics backed by innovative material cutting and imaging techniques with the use of CAD/CAM as well as laser processes help enhance the flexural toughness and strength of the restorations.
Market Segmentation
Dental Industry Market can be considered for Discipline, Consumables, and End User.
The dental industry market, with respect to discipline, covers Restorative Dentistry, Endodontics, Periodontics, Prosthodontics, Cosmetic Dentistry, Orthodontics, Maxillofacial Surgery, and Oral Surgery. The endodontics segment, in 2019, acquired the highest portion of the global market, owing to the drastic surge in root canal treatment worldwide.
The key consumables mentioned in the MRFR report are dental biomaterial, resin composites, endodontic supplies, dental aesthetic, whitening material, gingival retraction material, dental impression, denture adhesive, dental syringe, and dental burs. The resin composites segment is the leading consumables segment in the global industry, owing to their extensive use in the treatment for tooth decay.
The major end-users of dental industry are specialty dental centers, dental academic and research institutes, as well as hospitals & clinics. Rising number of skilled and certified dental practitioners and the mounting number of treatment facilities in clinics and hospitals foster the market growth.
Regional Study
The Americas is the highest achiever in the global market, with the United States standing as the regional leader. Dental industry market in the region is thriving in response to the rising cases of oral diseases as well as the ageing patient base in the United States. The American Academy of Periodontology reveals that half of the adults above 35 years of age in the US suffer from periodontitis. Moreover, the massive demand for cosmetic surgery, expanding elderly population, and the soaring number of dental clinics as well as practitioners that offer efficient dental care services also benefit the dental industry market.
In Europe, digital integration is the biggest development in dental labs and practices. Rapid adoption of advanced CAD/CAM systems. Additionally, the emerging trend of AI-enabled dental equipment and tools for analyzing databases of diagnostic images, like X-rays would further benefit the European market in the following years.
The APAC market for dental industry is led by China, Japan, India, Australia, and South Korea. The region would exhibit the fastest growth in the coming years, thanks to the surge in government initiatives as well as the soaring number of pharmaceutical firms specializing in dental treatment.
Key Players –
Dental Industry Market prominent players include Aspen Dental Management Inc., InterDent, Inc., National Health Service England, The British United Provident Association Limited, and Apollo White Dental.
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