The Global Cosmetic Dentistry Market is likely to grow at a steady rate in the Asia Pacific. This is because of the rising per capita income, expansion of healthcare infrastructure, and increasing dental tourism. As most of the countries in the Asia Pacific have a large population base, the number of people undergoing cosmetic dentistry procedures is higher. Furthermore, several new developments in cosmetic dental treatments will boost the cosmetic dental market in the Middle East and Africa.
Cosmetic Dentistry plays an important role in improving the color, position, shape, alignment, size, and overall appearance of a person’s teeth. Rising disposable income of middle-class people in developing nations is driving the Global Cosmetic Dentistry Market. From a geographical standpoint, Europe is likely to remain strong in the global cosmetic dentistry market, finds Fortune Business Insights in a study. The study is titled as “Cosmetic Dentistry Market: Global Market Analysis, Insights and Forecast by 2026”.
Presence of a large number of cosmetic dental manufacturers is likely to create growth opportunities for the cosmetic dentistry market in Europe. North America is also projected to grow at a significant rate owing to the rapid advancements in cosmetic dental treatments. In addition to this, the rising awareness on dental technology among consumers may enable North America to hold a higher share in the global market.
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According to a study conducted by the American Academy of Cosmetic Dentistry (AACD), around 96% of patients going for cosmetic dentistry are females and over 70% of patients fall between the age of 31 and 50.
High Cost Associated with Dental Imaging May Hamper the Growth
Factors limiting the growth of the cosmetic dentistry market include mounting costs of dental imaging. This, coupled with poor reimbursement options, is anticipated to restrict the market’s growth in the coming years. Cosmetic dental procedures are conducted with the intention of improving the aesthetic appearance of a patient; hence, they do not qualify as primary healthcare procedures. Moreover, dental imaging requires expensive equipment and instruments, limiting access to the middle-class population. Such factors may limit the growth of the market in the coming years.
Rising Demand for Dental Aesthetics will Bode Well for the Market
“The cosmetic dentistry market is growing with the rising importance of improving dental aesthetics across the world,” stated a lead analyst at Fortune Business Insights. “This is further helping the dental industry to flourish,” he added. Recent developments in cosmetic dental procedures such as the introduction of minimally-invasive surgeries are encouraging patients to go for such treatments. Also, many cosmetic dental clinics are adopting novel techniques in cosmetic dentistry and these techniques are expected to be used extensively in the coming years. Exponentially rising demand for orthodontic appliances and dental implants especially in developing markets is expected to offer a growth spurt to the dental tourism industry, in turn creating growth opportunities for the global cosmetic dentistry market. Other factors driving the market include rising dental tourism and the implementation of favorable governments policies.
Product Launches by Companies to Boost Growth
Some of the companies operating in the global cosmetic dentistry market are Biocon, Align Technology, Danaher Corporation, 3M, Zimmer Biomet, Dentsply Sirona, Den Tech, Shofu Dental Corp., and Thommen Medical.
Companies are focusing on the launch of innovative products with the help of advanced technologies in cosmetic dentistry. Some of the launches are mentioned below:
Victoria House Foundation Inc. or VHF launched a state-of-the-art 5-axis milling and a grinding machine called R5 in May 2018. This machine is a highly computerized machine embedded with a tenfold blank changer meant for both wet and dry machining.
Vericore LLC launched a new product called ZR Pro Zirconia In March 2018. The aim of this product is to work for both posterior and anterior segments of a patient’s mouth. It helps to produce restorations which are natural-looking owing to its flexural strength and white and shaded discs.
A Canada-based company called 3D systems launched new Next Dent resins as Next Dent 5100 and 18 in February 2018. These products offer cosmetic dental solutions to dental laboratories and clinics and also helps to enhance patient care. Additionally, the device enables high-speed 3D printing of dental devices and fixtures.
Such steps taken by companies are likely to enable growth in the global cosmetic dentistry market in the coming years.
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