Market Research Future (MRFR) has published a cooked research report on the “Global Dental Services Market” that contains information from 2018 to 2032. The dental services market is estimated to register a CAGR of 4.80% during the forecast period of 2023 to 2032.
The global dental services market is accounted to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 658.009 billion by 2032.
The key factors influencing the growth of the dental services market are the increasing prevalence of dental caries and periodontal diseases, the high demand for cosmetic dentistry and laser dentistry, the elevated public awareness of dentistry due to various dental awareness campaigns, and technological advancements in dental services like tooth whitening. High dental procedure costs and a lack of reimbursements for cosmetic dental operations, however, impede market expansion. Over the course of the projection period, there should be plenty of potential for market expansion due to the development of the healthcare infrastructure, the financial benefits for dentists, and growth prospects in emerging nations.
MRFR recognizes the following companies as the key players in the global dental services market - Aspen Dental Management Inc.; InterDent, Inc.; National Health Service England; The British United Provident Association Limited; Apollo White Dental; Abano Healthcare Group Limited; Coast Dental; Dental Service Group; Axis Dental; Integrated Dental Holdings; Pacific Dental Service; and Gentle Dental of New England.
The global dental services market has been segmented based type and end-use.
On the basis of type, the market is segmented into Dental Implants, Orthodontics, Periodontics, Endodontics, Cosmetic Dentistry, Laser Dentistry, Dentures, Oral & Maxillofacial Surgery and Others. The dental implants segment was attributed to holding the largest market share in 2022. With the help of a cutting-edge oral method called dental implant repair, patients can restore missing teeth in ways that are both aesthetically acceptable and practical. Implants are therefore becoming more and more popular.
Based on end-use, the global dental services market has been segmented into Hospitals and Dental Clinics. The dental clinics segment was expected to hold the largest market share in 2022. The best location to do the most cutting-edge operations is a speciality dentistry institution. In order to make the final treatment decision and place the restoration or correcting device in the patient's mouth, the dentist gives the dental laboratory specific instructions.
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The global dental services market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe dental services market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The dental services market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World dental services market comprises of Middle East, Africa, and Latin America.
The largest market share for dental services was maintained by the North American regional sector. The region is expected to lead the market as a result of the widespread use of cutting-edge goods like transparent aligners and a surge in the release of new solutions by market competitors. Additionally, a large population with periodontitis and an increase in patient visits for treatment are expected to support regional growth.
Moreover, the Europe market has been persistently growing over the forecast period. It is anticipated that the region's high rate of malocclusion and rise in the number of adults and teenagers having orthodontic treatment and other operations will drive market growth. The need for consumables and equipment products is also predicted to rise as services expenditures rise.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The increased use of orthodontics and implants, as well as growing public awareness of oral health, are to be attributed for the region's high CAGR. Additionally, it is anticipated that rising investments by important regional firms would fuel the industry's expansion.
Furthermore, the rest of the world's dental services market is divided into the Middle East, Africa, and Latin America. Due to rising healthcare investments, an increase in the incidence of edentulism, and an increase in the number of technologically advanced product launches by market players in these regions, nations in the Latin American, Middle Eastern, and African regions will experience slower growth.
Key Findings of the Study