U.S. Factoring Services Market Size, Share & Trends Analysis Report By Category (Domestic, International), By Type (Recourse, Non-recourse), By Financial Institution (Banks, Non-banking Financial Institutions), By End-use, And Segment Forecasts, 2025 - 20
U.S. Factoring Services Market Size, Share & Trends Analysis Report By Category (Domestic, International), By Type (Recourse, Non-recourse), By Financial Institution (Banks, Non-banking Financial Institutions), By End-use, And Segment Forecasts, 2025 - 2030
Teledentistry Market Growth & Trends
The global teledentistry market size is estimated to reach USD 4.80 billion by 2030, registering a CAGR of 15.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing penetration of the internet and smartphones in dental applications is one of the primary factors augmenting the industry growth. Furthermore, the rising geriatric population and the growing adoption of teledentistry solutions among them due to their convenience and cost-effectiveness are the key factors expected to fuel the industry growth during the projected period.
To curb the spread of the COVID-19 pandemic, the government of various countries declared complete lockdowns and travel restrictions, thereby halting the majority of dental procedures. Dentists around the world incorporated several measures to help minimize infection transmission and continue dental practices. One of the major measures was the use of virtual dentistry. These enabled patients to benefit from dental care by remotely consulting with top dentists. In addition, the support from the government in implementing virtual dental practices is enhancing the usage of teledentistry among people. Hence, the COVID-19 pandemic has significantly impacted industry growth.
The prevalence of oral diseases is increasing and this disease is considered to be one of the most common conditions globally. According to a report published by the WHO on May 15, 2022, nearly 2 billion people suffer from caries of permanent teeth and 520 million children have primary teeth caries. Hence, consulting a dentist on a regular basis to maintain oral health is a major factor in boosting the growth of the market. In addition, increasing disposable income in developing economies flourishes cosmetic dentistry adoption, which is further fueling industry growth.
Major players in the market are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and software launches, to maintain a competitive edge in the market. For instance, in January 2022, Dentulu, Inc. announced its partnership with Independa, a health hub that provides easy-to-use video chat solutions. This was initiated to enhance teledentistry services via LG television for better patient convenience. In addition, the leaders in the market are collaborating with each other to enhance the teledentistry solution portfolio. For instance, in May 2020, Koninklijke Philips N.V. collaborated with Toothpic, a leading dental e-health solution provider to launch a professional teledentistry solution. This collaboration will enable Toothpic to complement Philip’s Sonicare teledentistry solution. Such activities are expected to boost the industry growth over the forecast period.
Teledentistry Market Report Highlights
The software and services component segment accounted for the largest revenue share in 2024 owing to a large number of solutions launched by key players in the market. In addition, the advancing features such as streamlining communication facilities with wireless technologies are boosting the growth
By delivery mode, the cloud-based segment held the largest revenue share in 2024, owing to its wide adoption among digital dentistry due to its safety and widest storage feasibilities
By application, the teleconsultation segment accounted for the largest revenue share in 2024 as the COVID-19 pandemic has increased the usage of teledentistry for major dental consultation services. In addition, the large number of dentists available for oral health consultation is increasing the opportunity for segment growth
By end-use, the providers segment held the largest revenue share of over 48.5% in 2024. Dental providers are getting highly accustomed to patients’ personal dental care needs through virtual sessions during pandemics. This enables the providers to prevent long waiting times for patients and reduces hospital-acquired infections
North America held the largest revenue share of more than 36.2% in 2024. This is owing to the technological advancements in the region to implement virtual dental care and the presence of large market players operating in the region
The market is relatively competitive owing to the presence of major players. The various strategic initiatives implemented by companies such as collaborations, acquisitions, partnerships, and product launches are significantly contributing to the growth of the market.
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Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Information Procurement
1.2.1 Purchased Database
1.2.2 GVR’s Internal Database
1.2.3 List Of Secondary Sources
1.2.4 Primary Research
1.3 Information Analysis
1.4 Market Formulation & Data Visualization
1.5 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 U.S. Factoring Services Market, By Category, 2018 - 2030 (USD Billion)
2.1.2 U.S. Factoring Services Market, By Type, 2018 - 2030 (USD Billion)
2.1.3 U.S. Factoring Services Market, By Financial Institution, 2018 - 2030 (USD Billion)
2.1.4 U.S. Factoring Services Market, By End Use, 2018 - 2030 (USD Billion)
Chapter 3 U.S. Factoring Services Market: Industry Outlook
3.1 Market Segmentation
3.2 Market Size And Growth Prospects
3.3 U.S. Factoring Services Market: Value Chain Analysis
3.4 U.S. Factoring Services Market Dynamics
3.4.1 U.S. Factoring Services Market Dynamics
3.5 Market Analysis Tools
3.5.1 U.S. Factoring Services Industry Analysis - Porter’s Five Forces Analysis
3.5.2 U.S. Factoring Services Industry Analysis - Pestl
Chapter 4 U.S. Factoring Services Market: Category Segment Analysis
4.1 U.S. Factoring Services Market: By Category Segment Outlook & Market Share 2024 And 2030
4.2 Domestic
4.3 International
Chapter 5 U.S. Factoring Services Market: Type Segment Analysis
5.1 U.S. Factoring Services Market: By Type Segment Outlook & Market Share 2024 And 2030
5.2 Recourse
5.3 Non Recourse
Chapter 6 U.S. Factoring Services Market: Financial Institution Segment Analysis
6.1 U.S. Factoring Services Market: By Financial Institution Segment Outlook & Market Share 2024 And 2030
6.2 Banks
6.3 Non Banking Financial Institutions
Chapter 7 U.S. Factoring Services Market: End Use Segment Analysis
7.1 U.S. Factoring Services Market: By End Use Segment Outlook & Market Share 2024 And 2030
7.2 Manufacturing
7.3 Transport & Logistics
7.4 Information Technology
7.5 Healthcare
7.6 Construction
7.7 Others
Chapter 8 Competitive Analysis
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company Categorization
8.3 Vendor Landscape
8.3.1 U.S. Factoring Services Market: Key Company Analysis, 2024