Cosmetic Dentistry Market Overview
According to MRFR, the Global cosmetic dentistry market is touted to register a CAGR of 13.50 % during the forecast period (2018 to 2023). It has been noted globally that aesthetic appeal is on an increase. The widespread influence of these methods and strategies is how they have evolved to the particular needs of individuals. Knowledge of this technique within the community has caused this industry to flourish by significant numbers. Developing countries’ disposable incomes have grown, which has fueled an uptick in the growth of cosmetic dentistry.
The aging population has significantly contributed to the geriatric industry because of age-related illnesses and deterioration. Dental operations that involve teeth whitening, altering the color of a patient’s teeth, and recontouring are the most common ones requested by patients. Dentistry has been an important reason for the rise of cosmetic dentistry. The demand for dental implants and orthodontic equipment has been increasing in developed countries, prompting an increase in dental tourism. As technical advances in cosmetic dentistry continue to evolve, it is possible to use 3-dimensional technologies to make more sophisticated dental restorations.
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Cosmetic dentistry is hampered by the high expense of dental imaging systems and the shortage of insurance choices. Insurers and government departments do not consider cosmetic procedures as necessary, and therefore, such procedures are not always covered. In the other hand, dental imaging requires high technology equipment to be used costing a significant sum of money that is not protected by insurance providers, thus proving to be another factor that hinders the development of this industry.
Dental services were seriously impacted by the COVID-19 pandemic early on. The dental procedures were stopped around the globe. Not having enough patient appointments has led many dentists to have unsettling problems. However, telemedicine allowed dental surgeons and patients to be more available. The technology is here to remain due to its success among customers. The quick availability of lockdowns in most countries has made dental facilities easier to reopen, but it also adds to the cost of dentistry.
Cosmetic Dentistry Market Segmental Analysis
The global cosmetic dentistry market has been segmented based on product type and end-user. For the sake of the report.
The cosmetic dentistry market, based on product type, has been segmented into dental bridges, dental systems and equipment, dental implants, dental veneers, dental crowns, orthodontic braces, inlays and onlays, and bonding agents. The dental systems and equipment held the largest market share over the review period as they include a wide range of products that are used in a majority of the dental procedures involved.
The cosmetic dentistry market, by end-user, has been segmented into hospitals and dental clinics.
Cosmetic Dentistry Market Regional Analysis
The cosmetic dentistry market has been segmented, by region, into the Americas, Asia-Pacific, Europe, and the Middle East and Africa.
The American cosmetic dentistry market is expected to improve the global cosmetic dentistry industry because of the rise in procedures and the the success of cosmetic dentistry. The main cause of this issue is the ease of accessing urban healthcare facilities.
The European economy is primed for increased growth due to government subsidies and funding from the healthcare industry, in addition to growing prevalence of chronic diseases. The emergence of a variety of dental suppliers as well as increased market recognition has contributed to the domination of these two regions in the dental industry.
While the region is expected to only expand slowly, the Asia-Pacific cosmetic dentistry market is expected to develop rapidly due to an increasingly rising healthcare system, developing per capita incomes, a growing middle-class population, and growing dental tourism in developing countries in this country. As a function of a high population concentration, a disproportionate amount of people obtain dental procedures. The region’s large array of dental procedures has led to the increase in the overall dental marketplace. The Middle East and Africa have the least share of the global population, and will begin to decline with new technologies.
Cosmetic Dentistry Market Competitive Landscape
The multibillion-dollar dental cosmetic dentistry market is decentralized and consisting of several big companies. In terms of market sizes, the market is dominated by only a few big players. Zimmer Biomet Holding, Inc., 3M Company, Danaher Corporation, Dentsply International, Inc., Institut Straumann AG, Align Technology, Inc., Sirona Dental Systems, Inc., Biolase, Inc., Q & M Dental Group, Bicon, BioHorizons, Planmeca Oy, A-dec Inc., Cortex Dental Implants, BioHorizons IPH, Inc., Denxy Technology Co., Limited, Remedent NV are some of the key players in the global cosmetic dentistry market.
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