Global Dental Services Market Size, Share & Industry Trends Analysis Report By End-use (Dental Clinics and Hospitals), By Type, By Regional Outlook and Forecast, 2023 - 2029
The Global Dental Services Market size is expected to reach $591.7 Billion by 2029, rising at a market growth of 5.0% CAGR during the forecast period.
Dentists and other dental experts provide various dental services, including diagnosing, preventing, and treating dental diseases. Among the ailments that impact these services are tooth decay, dental caries, and pyorrhea. Dental care's main objectives are oral hygiene, dental surgery, and preserving dental health. There is an abundance of demand for cosmetic dentistry & laser dentistry due to the increasing incidence of dental caries and periodontal disorders on the rise.
Moreover, due to several dental awareness efforts and technological advancements in dental services such as tooth whitening, there is also an increase in the general public's understanding of dentistry. Dental treatments encompass a range of therapies that help many people improve their oral health. Many other treatments use cement and fillings. Also, the enduringly popular trend of grin makeover operations is receiving attention now.
Adopting root canal procedures has also benefited from advances in endodontic technology. Furthermore, there is a significant demand for teeth straightening, tooth-shaping, and invisible braces. Thus, during the projected period, it is anticipated that the market for dental services will significantly expand due to the development of new, improved technologies, such as drills, dentures, and dental caps.
COVID-19 Impact Analysis
Most of the major participants in the dental services market saw a shift after the COVID-19 pandemic, reorienting their market strategies and focusing more on other less well-known but crucial services to stay in business. For instance, in March 2020, the American Dental Association (ADA) encouraged the public to postpone elective dental procedures to focus resources on more urgent problems. Therefore, emergency dental treatment for tooth fractures, oral bleeding, painful caries, facial or dental injuries, and abnormal tissue biopsies is emerging and getting adopted by professionals quickly, which is predicted to significantly raise the market growth over the next few years.
Market growth Factors
Rising Incidence of Oral Diseases
Cavities, dry mouth, and ailments like infection, tooth loss, and trauma are all rising worldwide. The WHO's Global Burden of Disease study estimates that over 3.5 billion individuals worldwide experience oral problems, mainly dental caries. Due to the increased frequency with which dental procedures are required to address dental problems such as crooked teeth, overbites, gaps between teeth, and overcrowding, there is an increased need for dental mirrors. Additionally, oral diseases are increasingly prevalent and rising in low- and middle-income countries (LMICs) due to urbanization and lifestyle modifications. As a result, the market is growing due to the efforts being taken to counteract the global rise in oral and dental disorders.
Rising Preference to Cosmetic Dentistry
Due to the quick expansion of remote conferencing or virtual meetings throughout the coronavirus outbreak, cosmetic dental operations have significantly expanded. The concept of dental health has evolved with the growth of cosmetic dentistry. It has helped to develop a comprehensive feeling of well-being by improving one's appearance and general well-being. In addition, technological advancements in cosmetic dentistry have made it possible to permanently alter facial features beyond straightening teeth. Biomimetics and biocompatibility are two key innovations that will shape the future of the cosmetic dentistry industry. Due to the fact that these are natural aesthetics, dentistry procedures resemble genuine teeth. The growth of the dental service market is anticipated to be propelled by the growing trend of people having cosmetic surgeries.
Market Restraining Factors
Inadequate Reimbursement Scenarios
Reimbursements & treatment costs are the two most significant variables affecting patients' services. However, the market expansion is considerably constrained, particularly in developing nations, by the high cost of therapy and low reimbursement. The high-cost causes treatment cancellations and delays, which in a way declines the adoption of consumables. Additionally, many patients living in remote places have limited access to skilled doctors and a very limited range of health service options due to the prohibitive cost of building clinics. Additionally, compared to other types of healthcare insurance, the dental insurance offered for the treatment is substantially less expensive. Private health insurance or personal funds are used for most of the funding. The overall market growth is constrained by the decrease in patient visits and treatments caused by such poor insurance and reimbursement rates.
End-Use Outlook
By end-use, the dental services market is bifurcated into hospitals, and dental clinics. The hospitals segment recorded a remarkable revenue share in the dental services market in 2022. Due to the cutting-edge technological instruments for treatment and affordability, most people prefer hospitals for dental procedures. In addition to technicians who are always on call, hospitals also staff skilled dentists. Various hospitals offer free dental tests, dental camps, and online campaigns to the public. Consequently, the dentures market will grow.
Type Outlook
Based on type, the dental services market is segmented into dental implants, orthodontics, periodontic, endodontics, cosmetic dentistry, laser dentistry, dentures, oral & maxillofacial surgery, and others. In 2022, the dental implants segment witnessed the largest revenue share in the dental services market. Dental implant restoration is a cutting-edge oral technique that gives patients options for tooth replacement that are both esthetically pleasing and functionally viable. As a result, implants are increasingly in demand.
Regional Outlook
Region wise, the dental services market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2022, the North America region led the dental services market by generating the maximum revenue share. This is due to several factors, including increasing emphasis on preventative dental care and sanitation, the existence of independent clinics, expanding dental R&D initiatives, and rising disposable income. In addition, the market expansion is probably influenced by the rising government support for dentistry programs.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The British United Provident Association Limited, Pacific Dental Services, Aspen Dental Management, Inc. (The Aspen Group), Gentle Dental of New England, Abano Healthcare Group Limited, Coast Dental, Mydentist, InterDent, Inc., Dental Service Group, Axis
Scope of the Study
Market Segments covered in the Report:
By End-Use
Dental Clinics
Hospitals
By Type
Dental Implants
Orthodontics
Periodontics
Endodontics
Cosmetic Dentistry
Laser Dentistry
Dentures
Oral & Maxillofacial Surgery
Others
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA
Companies Profiled
The British United Provident Association Limited
Pacific Dental Services
Aspen Dental Management, Inc. (The Aspen Group)
Gentle Dental of New England
Abano Healthcare Group Limited
Coast Dental
mydentist
InterDent, Inc.
Dental Service Group
Axis Dental
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