According to The Insight Partners’ research, the dental market accounted for US$ 30,287.91 million in 2021 and is expected to hit US$ 52,105.14 million by 2028 to rise at an annual growth rate of 8.1% from 2021 to 2028. Rising prevalence of dental problems, technological development in surgical instruments used in dentistry, and increasing demand for dental cosmetic procedures are the critical factors fueling the market expansion.
Dental Consumables Segment by Type to Lead Dental Market during 2021–2028
The cases of dental and oral conditions such as tooth canal, infection, dry mouth, tooth loss, cavities, and dental trauma are increasing worldwide. According to the WHO, over 3.5 billion people were affected by oral disorders in 2020. Apart from caries and periodontal diseases, malocclusion is also a frequently occurring oral cavity issue, described as a tooth irregularity of the dental arches. The US government is focusing more on the dental health of school students since children are more vulnerable to cavities and gum problems. Besides, the Center for Disease Control and Prevention (CDC) runs the school programs with the assistance of private dental services.
All the branches of dentistry underwent significant technological advancement in the past three decades leading to precise diagnostic tools and surgical methods. The transition from a simple handheld instrument to high-tech tools such as manual electric handpiece, hybrid handpiece, and soft-tissue lasers is critical to the dental surgery instruments business. Several market players are introducing advanced dental tools to simplify surgical processes. In July 2019, Dentsply Sirona launched MultiMate Cube device for high-level process reliability and performance. Such advancements are modernizing the dental and oral health care facilities.
The demand for dental cosmetic procedures has been surging across the world due to consciousness about appearance and aesthetics. Besides, the growing elderly population, rising expenditure out-of-pocket, and awareness about oral hygiene are also among the primary stimulators of the market. Hungary has emerged as the top European destination for dental procedures, with over 7,000 visitors every year. A root canal treatment in the US starts from US$ 550, while in Hungary, it costs US$ 69 only. Moreover, dental cosmetic services are no longer confined to the rich and famous, middle-income population is now opting to have aesthetic appeal. All these aforementioned aspects accelerate the global dental market.
On the other hand, limited reimbursements hurdle the growth of global dental market.
According to type, the market is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. The dental consumables segment occupied 38.12% market share in 2021 with a revenue total of US$ 11,547.08 million. It is projected to be worth US$ 19,493.53 million by 2028 to grow at 7.8% CAGR during 2021–2028.
Based on application, the global dental market is fragmented into hospitals, dental clinics, and others. The hospitals segment held 54.13% market share in 2021. It was evaluated at US$ 16,395.51 million in 2021 and is estimated to garner US$ 28,380.60 million by 2028, expanding at 8.2% CAGR during the forecast period.
Our regional analysis states that North America captured 35.69% share of the business in 2021. It was valued at US$ 10,809.75 million in 2021 and is likely to reach US$ 18,815.16 million by 2028, surging at 8.2% CAGR over the forecast period. The market in Asia Pacific was assessed at US$ 6,672.43 million in 2021 and is supposed to be worth US$ 12,031.08 million by 2028.
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Key players dominating the dental market are Dentsply Sirona; Danaher; Align Technology, Inc; Ivoclar Vivadent AG; 3M; Carestream Dental LLC; Zimmer Biomet; Ultradent Products Inc; Planmeca OY; and Shofu Global, among others.
· In June 2021, Dentsply Sirona acquired almost all the assets of Propel Orthodontics in a cash deal of US$ 131 million. The asset acquisition includes VPro device and Fastrack Mobile App, which is expected to strengthen the company’s fast-growing clear aligner market. In September 2021, the company introduced a comprehensive restage of its implants business, including 3 signature workflows to provide dental professionals with an all-new way of practicing implantology.
· In July 2019, 3M Canada Oral Care Solutions Division and Clinical Research Dental announced an education-driven partnership to provide dentists an access to holistic solutions, including the supply of trusted dental products and robust hands-on knowledge.
In December 2020, Ultradent released its new Uveneer extra restorative template system to provide more natural restorations with four new upper anterior designs- large, extra-large, medium, and square templates.
Dental Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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