Global Dental Market Projected To Grow At 6-7% CAGR To Reach ~36 Billion By 2026
The Dental Market is expected to grow at a rate of 6-7% % to reach ~36 billion by 2026. Some of the main drivers propelling the global dental market are sedentary lifestyles and an ageing population that demands dental care, increased oral hygiene awareness and health consciousness, an increase in the prevalence of dental conditions including malocclusion, periodontal disease, and tooth decay, and rising demand for high-end imaging and radiology devices.
Rising Trend In The Dental Market
The goal of many of this year’s dentistry trends is to improve patient care. The recent trends impacting the dental market include:
- Growing investment in the global 3D printing market
- Increasing investment in laser technology
- Rising demand for teledentistry
- Growing adoption of invisible orthodontics like clear aligners
Opportunities For The Dental Market In Digital Dentistry
Every aspect of professional oral care is transforming due to digital dentistry. It encompasses any digital or computer-based technology that a dental professional may utilize to examine, diagnose, and treat the health of a mouth. Some of the technology includes digital radiography, digital impression, intraoral cameras, and digital records, among others.
“Digital dentistry is constructively changing the conventional dental practice. Such advancements have led clinicians to deliver precise information to the patients as well as labs. The subsequent applications of these technologies will certainly change the practice of restorative dentistry.” – Business Head, Provider of Dental Health Products, U.S.
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The Advent of CAD/CAM Technology in Dental Dentistry Drives the Growth of the Global Dental Market
Digital dentistry, including CAD/CAM dentistry, is transforming every aspect of professional oral care in dentistry to date. Digital dentistry encompasses any digital or computer-based technology that the dental professional may use to examine, diagnose, and treat the health of the mouth.
- In March 2022, Anthogyr announced the launch of Axiom X3 implant system. The Axiom implant range is well-known among dental implantologists for outstanding prosthetic performance, simplicity of use, and consistency in treatment results
Growing Opportunities In Dental Tourism Fuels The Dental Market Demand
Dental tourism has become a trending industry as many patients travel around the world to receive dental treatment. The high cost of dental care services, absence of insurance coverage, and dissatisfaction with available services in home countries have motivated people to seek affordable, speedy, and better-quality dental care in foreign countries.
Key Challenges/ Constraints: Dental Market
Some of the main factors restricting the expansion of the dental market are the high costs associated with dental procedures and advanced technology-based dental devices, the limited reimbursement policies for dental implants and surgeries, and the high risk and problems associated with treatments.
North America Holds The Largest Market Share but APAC Is Set To Witness Strongest Growth
North America holds one-third share of the dental market. This may be mainly due to the rising incidence of tooth decay, technological advancements in dental care, an increase in the number of patients who are partly edentulous, and expanding dental care awareness in the region.
Companies Adopting Organic & Inorganic Growth Strategies To Increase Their Market Share
Key players operating in the dental market are adopting various business strategies such as collaborations, acquisitions, partnerships, and new product launches to garner market share.
- In September 2022, Dentsply Sirona announced the launches of its new digital dentistry solutions Primescan Connect, and DS Core Care at DS World 2022 in Las Vegas
- In May 2022, The Straumann Group announced they have signed an agreement to fully acquire PlusDental, a provider of orthodontic treatment solutions in Europe
Competitive Landscape Analysis
Some of the key players operating in the dental market include Straumann Holding, Dentsply Sirona, 3M, Henry Schein Inc., EnvisionTEC, BioHorizons, and Bicon Dental Implants, among others.
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