Market Research Future (MRFR) has published a cooked research report on the “Global Dental Industry Market” that contains the information from 2022-2030. The dental industry market is expected to register a CAGR of 6.9% during the forecast period.
Market Highlights
The global dental industry market is expected to register a CAGR of 6.9% during the forecast period and is expected to hit USD 60.37 billion by 2030. The growth of the global market is attributed to the rising prevalence of dental diseases, increasing expenditure on dental healthcare, and the rise in demand for cosmetic dentistry. Other factors like rising cases of oral cancer and technological advancement in the dental industry are driving market growth. Rising prevalence of dental diseases and rise in demand for cosmetic dentistry are major factors that are expected to boost the growth of the global dental industry market. Dental caries is a highly prevalent disease in both children and adults.
Segment Analysis
The global dental industry market is mainly segmented into discipline, consumables, and end user. On the basis of discipline, the market has been sub-segmented into endodontics, restorative dentistry, prosthodontics, periodontics, orthodontics, cosmetic dentistry, oral surgery, and maxillofacial surgery. On the basis of consumables, the market has been segmented into resin composites, dental biomaterial, dental aesthetics, endodontic supplies, gingival, retraction material, whitening material, denture adhesive, dental impression, dental burs, dental syringe. Based on end user, the market has been segmented into hospitals & clinics, specialty dental centers, and dental academic and research institutes.
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The global dental industry market has been segmented based on region into Americas, Europe, Asia-Pacific, and Middle East & Africa.
The market share of 31.8% of the Americas is owing to the rising prevalence of dental disorders leading to the high demand for dental procedures, growing elderly population prone to many dental disorders, and the need for a preventive, restorative, and surgical device for dental care. Additionally, the growing older population is also helping in the growth of the dental industry market. According to the Administration for Community Living, over the past ten years, the population aged 65 and over increased from 37.2 million in 2006 to 49.2 million in 2016 in the Americas. Hence, a large patient pool suffering from tooth decay and rising geriatric population are expected to boom the market growth in the Americas.
Europe is anticipated to witness significant growth over the forecast period owing to the presence of a higher number of patients prone to dental diseases and the availability of advanced dental products coupled with a rising demand of the cosmetic dentistry in the region. Furthermore, dental and oral diseases are one of the major concerns for Europeans, which ultimately shows the need for better treatment. Hence, the demand for dental devices is increasing in the EU region, which is augmenting the growth of the dental device market. The availability of advanced diagnostic and therapeutic options are also playing an important role in the growth of this market. Ongoing research by medical research laboratories and academic institutes are leading to new developments in effective cure of dental disorder.
Asia-Pacific is anticipated to register the highest growth rate during the forecast period from 2020 to 2027. This is owing to the high incidence of dental problems, increased government initiative, and the presence of large number of pharmaceutical companies focused on dental treatment. Various initiatives taken by the government to support the healthcare system are also fuelling the growth of the regional market. Furthermore, the increasing disposable income of middle-class families, which accounts for a large population in Asia, encouraging more spending on health is driving the growth of the dental industry market in the region.
The Middle East & Africa market is segmented into two major regions, namely, the Middle East and Africa. The market for the dental industry is growing in the Middle East & Africa due to the increasing number of companies and subsidiaries in the region driving the dental industry, and the ever-increasing demand for dental cosmetic surgeries in MEA. Furthermore, the lack of oral healthcare awareness in Saudi Arabia is a major concern among consumers in the country, especially among children. In Saudi Arabia, the occurrence of dental caries among children was observed to be ranging from medium to high, as per WHO. The oral care market is expected to observe immense growth, owing to an increase in the per capita income and the overall increase in dental care spending.
Key Players
MRFR recognizes the following companies as the key players in the global dental industry market— 3M (US), Bisco, Inc. (US), Coltene Group (US), Envista Holdings Corporation (US), Dentsply Sirona (US), DMG Chemisch-Pharmazeutische, Fabrik GmbH (Germany), GC Corporation (Japan), Henry Schein, Inc. (US), i-dental (Lithuania), Ivoclar Vivadent AG (Liechtenstein), Indigodental GmbH (Germany), Kettenbach (Germany), Kulzer (Germany), Lascod (Firenze), SDI Limited (France), Septodont Inc. (France), Shofu Incorporated (Japan), Laboratorios SL (Argentina), Tokuyama Corporation (Japan), Ultradent Products, Inc. (US), Voco GmbH (Germany), and Zeyco (Mexico).
Key Findings of the Study