Fact.MR – A Market Research and Competitive Intelligence Provider: The global dental services market was valued at US$ 326.3 Bn in 2021.
Prevalence of Dental Disorders to Prompt Dental Services Market to Record Growth At 7% CAGR by 2032
Fact.MR’s latest report on global dental services market offers a 360 degree view of the critical factors such a market drivers, opportunities and challenges promoting the growth in the market. It also covers the latest trends and forecast data affecting the sales of dental services across the various segments including service type, end use, and regions.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global dental services market was valued at US$ 326.3 Bn in 2021. According to Fact.MR, the overall sales of dental services are estimated to reach US$ 656.5 Bn in 2032, registering growth at a CAGR of 6.6% during the forecast period.
Growing awareness regarding dental care is projected to increase the demand for dental services in the coming years.
Similarly, rise in the number of people opting for dental aesthetics or cosmetic dentistry to improve the symmetry of their teeth will further drive the market.
Subsequently, demand for dental implants among the growing adult population is surging due to need for oral hygiene, improved speech, and good appearance. According to the American Association of Oral and Maxillofacial Surgeons (AAOMS), nearly 70% of the adults aged between 35 and 44 years have lost at least a single tooth. This is expected to create lucrative opportunities for the market.
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Growing trend of dental tourism in countries such as India, Mexico, Thailand, Indonesia, and others is anticipated to create high prospects for sales within the dental services market.
In addition to this, advancements in healthcare infrastructure and constant research and development activities in the medical field will influence manufacturers to invest in dental services. This is likely to create prolific growth opportunities for the market.
Also, the number of dental clinics is increasing owing to the demand for cost efficiency, personal attention and continuous upgradation in technology. Such rise in dental clinics is likely to boost the demand for dental services.
Subsequently, the increasing usage of invisible braces for reshaping the alignment of teeth is likely to provide the dental services market with new opportunities.
Key Takeaways:
- By end use, the dental clinics segment is anticipated to register growth at a CAGR of 6.2% during 2022-2032.
- Based on service type, dental implants segment is expected to dominate the market, accounting for nearly US$ 65.3 Bn by 2032.
- Dental services revenue is expected to grow nearly 2X from 2022 to 2032, reaching nearly US$ 656.5 Bn by 2032.
- Asia Pacific is anticipated to record growth at 7% CAGR until 2032.
Growth Drivers:
- Growing trend of smile enhancement treatment is attracting a lot of masses. This is likely to boost the sales in the dental services market.
- Increasing government funding in the dental programs is projected to create bankable prospects for the market.
- Rising awareness regarding oral care, along with the surging disposable income is likely to contribute to the market growth during the forecast period.
Restraints:
- High costs of the dental equipment increase the prices of dental services, thereby discouraging people from availing dental services. This is expected to inhibit the growth in the market.
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Competitive Landscape:
Key players are concentrating on improving their manufacturing techniques to expand their business across the healthcare sector. Furthermore, they are also adopting new strategies including acquisitions, collaborations, partnerships, and joint ventures to strengthen their footprint globally. By updating their product line, the companies are trying to gain a competitive edge in the market.
For instance,
- August 2021: Abano Healthcare Group acquired 84% of 1300Smiles, which is Townsville-based dental roll-up. This acquisition provides Abano healthcare an equity value of US $166 Mn.
- October 2021: Aspen Dental Management entered into a partnership with SprintRay. According to the deal, SprintRay will have to offer its 3D printing technology to all facilities of Aspen Dental Management present across 45 states in the U.S.
Key Companies Profiled by Fact.MR
- Aspen Dental Management Inc.
- National Health Service England
- InterDent, Inc.
- Abano Healthcare Group Limited
- Axis Dental
- The British United Provident Association Limited
- Apollo White Dental
- Dental Service Group
- Gentle Dental of New England
- Coast Dental
- Pacific Dental Service
More Valuable Insights on Dental Services Market
In the latest report, Fact.MR, provides a comprehensive and focused view of the market analysis on the global dental services market. It also covers unbiased analysis for the forecast period of 2022 to 2032. This report also provides insights into the critical factors influencing the growth of the dental services market through detailed segmentation as follows:
By Service Type:
- Dental Implants
- Orthodontics
- Periodontics
- Endodontics
- Cosmetic Dentistry
- Laser Dentistry
- Dentures
- Oral & Maxillofacial Surgery
- Other Types
By End Use:
- Hospitals
- Dental Clinics
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Key Questions Covered in the Dental Services Market Report
- At what rate will the global dental services market grow during 2022-2032?
- Which are key factors promoting the growth in the global dental services market?
- What are the challenges restraining the growth in the dental services market?
- Which region is expected to dominate the global dental services market?
- Who are the leading players operating in the dental services market?
- What is the expected market value of global dental services market during the forecast period?
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