The dental market is expected to grow from US$ 30,287.91 million in 2021 to US$ 52,105.14 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2021 to 2028.
Rising incidence of dental diseases, increase in demand for dental cosmetic procedures, growing incidence of malocclusions in children, and technological developments are expected to boost the global market growth. However, the limited reimbursement for dental products is restraining the growth of market. The report highlights the key factors driving the market growth and prominent players with their developments in the market. The US is expected to be the largest and fastest-growing market for dental in North America. Oral health disparities are profound in the US. Despite major improvements in oral health for the population, dental health disparities exist for many racial and ethnic groups, by socioeconomic status, gender, age, and geographic location. Dental diseases are one of the most preventable public health challenges among chronic health conditions in the US. Oral care is becoming more advanced and smart treatment in the country. Moreover, ~47.2% of the US adults have a type of periodontal disease. In adults aged 65 and older, 70.1% have periodontal disease. The significant prevalence of dental diseases is expected to propel the growth of the dental implants market in the US. Germany is experiencing an increase in the number of dental restoration and implant companies. Various global players operating across the country have enhanced their product offerings. Similarly, local players are engaged in the development of restorative products. In March 2017, Natural Dental Implants AG announced the launch of a 3D printed version of the REPLICATE Tooth. Thus, developments in the dental industry are expected to support the growth of the market during the forecast period.
Dental refers to an individual's oral health, which includes their teeth, gums, and mouth. Numerous diseases and disorders can influence a person's dental health, failing to properly care for your oral health may result in additional health issues. Dental goods are used to treat dental issues and disorders.
Flourishing Medical Tourism in Developing Countries
Medical tourism which involves traveling abroad to receive healthcare services at substantially lower costs has gained considerable popularity for dental implant treatments in recent years. The majority of dental tourism advertisements target American citizens for treatment in Mexico or Costa Rica and Australians for treatment in Thailand or India. Dental tourism is an increasingly important segment of the medical tourism market
Dental implant tourism in India has flourished due to the high quality of work performed at lower prices compared to other countries. Similarly, dental tourism is increasing in Asian countries, such as India, South Korea, and Thailand. As per the Journal of Clinical and Diagnostic Research 2016, the cost for smile designing in the US is ~US$ 8,000, and in India it costs ~US$ 1,000. Singapore is also promoting medical and dental services at affordable prices. Many patients travel from nearby countries, including Malaysia and Indonesia, and developed countries, such as the US and the UK, are opting for Singapore. The increasing patients pool in the emerging markets for a dental procedure is likely to offer growth opportunities for the dental market in these regions.
Based on type, the dental market is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. The dental consumables segment held the largest share of the market in 2021.
Ivoclar Vivadent AG
Carestream Dental LLC
Ultradent Products Inc.