Dental Industry Market Overview
Global dental industry market is expected to register a CAGR of 5.28% during the assessment period of 2020 to 2027, to reach USD 42.24 billion by 2027. The rising frequency of dental infections and other periodontal diseases, rising demand for dental care facilities and dental surgical treatments, and rising dental care personnel, all combined with technology improvements, are driving this market forward. One of the key elements driving the dental industry’s growth is the rise in dental problems. Dental caries affects both children and adults on a big scale.
Furthermore, dental service developers increasingly replacing the metal-based restorations with ceramics-based dental restorations will be another major technological trend in the market. 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.
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The top strategies employed by the dental industry vendors include FDA approvals, joint ventures, acquisitions, collaborations, and expansions. To illustrate, in December 2021, Dental365 acquired Dental Service Organization (DSO), Beacon Dental Health. The coming together of the two affluent dental platforms will see them expanding their services to five states, namely New Jersey, New York, Massachusetts, Rhode Island, and Connecticut. Dental365 expects the synergy developed via this acquisition will elevate their ability to offer impressive dental services and outstanding outcomes to a quickly mounting number of patients.
Dental Industry Market Key Players
The Prominent Players in the Global Dental Industry Market are 3M (US), Allergan plc (US), Coltene Group (Switzerland), Dentsply Sirona (US), and Henry Schein, Inc. (US).
Dental Industry Market Segmental Analysis
The global dental industry market has been classified by product into disciplines, consumables, and end users.
Endodontics, restorative dentistry, prosthodontics, periodontics, aesthetic dentistry, oral surgery, and maxillofacial surgery are the disciplines that make up the market. Due to an increase in root canal therapy, the endodontics segment has the greatest market share in 2019.
Resin composites, dental biomaterial, dental aesthetic, endodontic supplies, gingival retraction material, whitening material, denture adhesive, dental imprint, dental burs, and dental syringe make up the worldwide dental industry market by consumables. Because resin composites are widely utilized in dental decay treatment, the resin composites segment dominated the consumables segment.
Hospitals & clinics, specialized dental facilities, and dental academic and research institutes make up the worldwide dental industry market by end user. The dentistry industry’s expansion is further aided by the availability of trained dental practitioners and improved treatment facilities in hospitals and clinics.
Dental Industry Market Regional Outlook
The Americas, Europe, Asia-Pacific, and the Middle East and Africa are the four regions that make up the global dental industry market.
In 2019, the Americas held the greatest market share. The expanding frequency of dental disorders, which has resulted in a high demand for dental procedures, the growing older population, which is prone to many oral disorders, and the necessity for a preventive, restorative, and surgical equipment for dental care have all contributed to this dominance. Furthermore, the aging population is assisting in the expansion of the dentistry sector market.
The need for dental devices is increasing in Europe, which is propelling the dental device market forward. The availability of advanced diagnostic and therapeutic alternatives is also contributing to the market’s growth.
Due to growing government initiatives and the presence of a significant number of pharmaceutical businesses focused on dental treatment, Asia-Pacific is predicted to have the largest market growth over the projection period. The government’s actions to help the healthcare system are also boosting the area market’s growth.
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The dentistry sector and the ever-increasing demand for dental cosmetic operations in the MEA region is being driven by the growing number of corporations and subsidiaries in the region. Furthermore, the lack of oral healthcare awareness among Saudi Arabian consumers, particularly youngsters, is a serious source of concern. These factors are propelling the market in this region forward.
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