Dental Industry Market Outlook
Market Research Future (MRFR) reveals that the dental industry market will be thriving at a rate of 5.28% over the appraisal period (from 2020 to 2027). The dental industry market size is touted to touch USD 42,244.27 Million by 2027.
Franchise dentistry is now a major trend in the global market, which was earlier dominated by only dentists with independent clinics. Franchises provide cost-effective services compared to independent dentists. Franchises offer several dental services such as accounting, repairs, staffing, and more, which is convenient to the patients as well as the dentists. Dental franchise models provide the biggest advantage of cost saving, realized via high negotiating power as well as economies of scale. This would be a huge growth booster for the dental industry market in the ensuing years.
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Furthermore, dental service developers increasingly replacing the metal-based restorations with ceramics-based dental restorations will be another major technological trend in the market. This can be owing to better performance and aesthetics characteristics offered by dental ceramics. The technological advances in dental ceramics backed by innovative material cutting and imaging techniques with the use of CAD/CAM as well as laser processes help enhance the flexural toughness and strength of the restorations.
The top strategies employed by the dental industry vendors include FDA approvals, joint ventures, acquisitions, collaborations, and expansions. To illustrate, in December 2021, Dental365 acquired Dental Service Organization (DSO), Beacon Dental Health. The coming together of the two affluent dental platforms will see them expanding their services to five states, namely New Jersey, New York, Massachusetts, Rhode Island, and Connecticut. Dental365 expects the synergy developed via this acquisition will elevate their ability to offer impressive dental services and outstanding outcomes to a quickly mounting number of patients.
Dental industry market has been segregated with respect to discipline, consumables, along with end user.
The dental industry market, depending on discipline, caters to Endodontics, Restorative Dentistry, Prosthodontics, Periodontics, Orthodontics, Cosmetic Dentistry, Oral Surgery, and Maxillofacial Surgery. The endodontics segment, in 2019, acquired the highest portion of the global market, owing to the drastic surge in root canal treatment worldwide.
The key consumables mentioned in the MRFR report are dental biomaterial, resin composites, endodontic supplies, dental aesthetic, whitening material, gingival retraction material, dental impression, denture adhesive, dental syringe, and dental burs. The resin composites segment is the leading consumables segment in the global industry, owing to their extensive use in the treatment for tooth decay.
The major end-users of dental industry are specialty dental centers, dental academic and research institutes, as well as hospitals & clinics. Rising number of skilled and certified dental practitioners and the mounting number of treatment facilities in clinics and hospitals foster the market growth.
The Americas is the highest achiever in the global market, with the United States standing as the regional leader. Dental industry market in the region is thriving in response to the rising cases of oral diseases as well as the ageing patient base in the United States. The American Academy of Periodontology reveals that half of the adults above 35 years of age in the US suffer from periodontitis. Moreover, the massive demand for cosmetic surgery, expanding elderly population, and the soaring number of dental clinics as well as practitioners that offer efficient dental care services also benefit the dental industry market.
In Europe, digital integration is the biggest development in dental labs and practices. Rapid adoption of advanced CAD/CAM systems. Additionally, the emerging trend of AI-enabled dental equipment and tools for analyzing databases of diagnostic images, like X-rays would further benefit the European market in the following years.
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The APAC market for dental industry is led by China, Japan, India, Australia, and South Korea. The region would exhibit the fastest growth in the coming years, thanks to the surge in government initiatives as well as the soaring number of pharmaceutical firms specializing in dental treatment.
The top dental industry players are 3M (US), Henry Schein, Inc. (US), Dentsply Sirona (US), Allergan plc (US), Coltene Group (Switzerland), to mention a few.
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