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Dental Market Outlook 2023: Market Trends, Segmentation, consumption by Regional data, Market Growth and Competitive Landscape
In 2021, thesize of the global dental marketwas estimated at USD 36.32 billion. The market is anticipated to expand by7.4% CAGRfrom 2022 to 2029, rising fromUSD 38.84 billionin 2022 toUSD 63.93 billionin 2029. The unprecedented and staggering COVID-19 pandemic has resulted in lower-than-expected demand for products in all regions when compared to pre-pandemic levels. Our analysis showed that the market had declined by 7.6% in 2020 compared to 2019.
This market encompasses equipment and consumables that treat, prevent, and diagnose cavities, malocclusion, periodontitis, and gum disorders. The rising awareness regarding the benefits of periodontics and endodontics is expected to boost service adoption. Furthermore, the rising trends of invisible orthodontics and the increasing prevalence of tooth decay are expected to boost the adoption of the procedures. These factors may facilitate market development during the upcoming years.
Industry Development
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Drivers and Restraints
Incorporation of Artificial Intelligence and Machine Learning to Boost Market Growth
The rising technological advancements in medical products are expected to boost healthcare service’s adoption. The incorporation of artificial intelligence (AI) and machine learning (ML) is expected to boost the adoption of the service. Furthermore, incorporating robotics engineering in the service may enhance their ability to diagnose oral issues. Moreover, the robust demand for minimally invasive surgeries may bolster the demand for the service. Also, the rising demand for an implant is expected to elevate industry development. For example, Neocis, Inc. declared that its Yomi surgical robotic system finished over 1,000 implantation procedures by 2019. The system provided excellent precision and enhanced diagnosis procedures. These factors may drive the dental market growth.
However, inadequate reimbursement policies and substantial costs for the services may hinder industry progress.
Segmentation
By type, the market is segmented into dental consumables and equipment. As per the end-user, it is classified into solo practices, DSO/ group practices, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Insights
Rapid Announcement of Novel Products to Foster Industry Growth in North America
North America is expected to dominate the dental market share because of the rapid announcement of novel products. The market in North America stood at USD 15.43 billion in 2021 and is expected to spike rapidly during the upcoming years. Furthermore, the strong presence of key players and the rising in-patient visits may facilitate industry growth.
In Europe, an increasing number of adults opting for orthodontic treatment may enhance the adoption of the service. Further, rising medical expenditures may enhance the adoption of the services.
In Asia Pacific, the rising adoption of implants and orthodontics may enhance the demand for the procedure. Furthermore, the rising awareness of oral health is expected to boost market development.
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List of Key Players Profiled in the Dental Market Report
Table of Content
Key Insights
Key Findings / Summary
Market Analysis, Insights and Forecast By Type
Market Analysis, Insights and Forecast By End-user
Market Analysis, Insights and Forecast By Region
ToC Continue…!
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit With A 7.4% CAGR, Dental Market 2023 Size Will Reach USD 63.93 billion by 2029