Dental Software Market Scope
Market Research Future (MRFR) expects the dental software market to be valued at USD 4,331.67 million by 2027. The dental software market size shall soar at a rate of 10.50% between 2021 and 2027 (analysis period).
Major Drivers and Challenges
International Data Base by the U.S. Census Bureau reveals that the number of people aged 40 years and older will surge by around 15.0% from 2018 and 2028, while the elderly population in the US will be rising by around 9.0% in the same period. The expected surge in oral health insurance coverage coupled with supportive government policies and initiatives will further bolster the market share in the next few years. Extensive use of several modules enhances the efficiency and productivity of dentists. In addition, technological innovations in dentistry along with the rising investments by vendors in developing economies will also enhance the industry size in subsequent years.
Many hospitals and dental clinics lack technical efficiency, which is a primary requirement for a smooth business, especially since the COVID-19 outbreak. Therefore, advanced dental software has been enjoying massive demand post pandemic, since it compensates for the shortage of employees owing to the lockdown restrictions. However, the supply and demand of dental software is experiencing a huge gap owing to the pandemic, leading to fluctuations in the productivity.
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Mergers & acquisitions to develop and commercialize products among the companies are likely to be favorable for the worldwide market in the long run. For instance, in October 2021, Sun Life Financial Inc. is now a part of an agreement for the acquisition of DentaQuest for USD 2.475 billion. Based in Boston and started in 2001, DentaQuest is the biggest developer of Medicaid dental benefits in the country with growing businesses pertaining to commercial and U.S. Affordable Care Act (ACA) exchange and Medicare Advantage.
Type, deployment, and end-user are the key segments considered in the review study.
Treatment Planning Software, Patient Communication Software, Dental Imaging Software, Practice Management Software, Patient Education Software are the major types of dental software. Practice management software is a major type of dental software that facilitates smoother day-to-day operations in dental practice. It has emerged as one of the most popular software types and enjoys widespread usage in dental clinics and healthcare facilities worldwide.
Cloud-based, web-based, and on-premise are the top deployment-wise segments covered in the report. The cloud-based deployment is a type of dental software that makes use of cloud hosting, making data available across several inter-connected servers. These provide benefits of effective solutions for charting & imaging, practice management, administration, and group dental healthcare practices, and cloud resources and related cloud services
The major end-users of dental software industry are hospitals, dental clinics, and others.
The Americas is the highest achiever in the global market, with the United States standing as the regional leader. Dental software market 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 mounting number of dental clinics as well as practitioners that offer efficient dental care services also benefit the dental software market.
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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 software, equipment and tools for analyzing databases of diagnostic images, like X-rays would further benefit the European market in the following years.
The APAC market for dental software 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.
Ace Dental Software (US), Carestream Health, Inc. (US), Datacon Dental Systems (US), Abeldent Inc. (US), Planmeca OY (Finland), Danaher (US), Medicloud (Bulgaria), Dentsply Sirona (US), Henry Schein, Inc. (US), Dentimax LLC (US), Open Dental Software Inc. (US), Consult-Pro (Canada), Imageworks Corporation (US), Patterson Dental (US) are the major dental software manufacturers highlighted in the research study.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY
2.2 RESEARCH OBJECTIVE
2.3 LIST OF ASSUMPTIONS & LIMITATIONS
3 RESEARCH METHODOLOGY
3.2 DATA MINING
3.3 SECONDARY RESEARCH
3.4 PRIMARY RESEARCH
3.4.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS
3.4.2 BREAKDOWN OF PRIMARY RESPONDENTS
3.5 FORECASTING TECHNIQUES
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
3.6.1 BOTTOM-UP APPROACH
3.6.2 TOP-DOWN APPROACH
3.7 DATA TRIANGULATION
4 MARKET DYNAMICS
4.2.1 INCREASING ADOPTION OF DIGITAL DENTAL RADIOGRAPHY SYSTEMS
4.2.2 ADVANCEMENTS IN DENTAL TECHNOLOGY
4.2.3 GROWTH IN AGING POPULATION
4.3.1 RELUCTANCE TO ADOPT DENTAL SOFTWARE
4.4.1 ONGOING CONSOLIDATION AMONG PRIVATE PLAYERS
5 MARKET FACTOR ANALYSIS
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