The dental market encompasses a wide range of products and services related to dental health including dental consumables, dental equipment, dental implants and dental braces. The dental consumables segment features various disposable medical devices used during dental procedures such as dental syringes, dentalbonding agents, dental X-ray supplies and impression materials. Dental equipment comprises of scalers, imaging devices, dental chairs and CAD/CAM systems which are used to diagnose, treat and manage dental related issues and overall oral health. Dental implants replace damaged or missing teeth while dental braces are widely used orthodontic devices for realigning teeth and treating malocclusions. Rising awareness about dental care, growing geriatric population and rapid advancements in technology are some key factors driving the growth of the global dental market.
The Global dental market is estimated to be valued at US$ 42173.86 Mn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Dental Market are Cargill, Inc., PT Astra Agro Lestari Tbk, Wilmar International Ltd, Malaysian Soy oil & palm oil Council (MPOC), Carotino Sdn Bhd, Yee Lee Corporation Bhd, IOI Corporation Berhad, Archer Daniels Midland Company, Dow DuPont Inc., and Guangxi Long'an Ruifeng Industrial & Trading Co., Ltd. These players focus on developing advanced dental products, equipment and imaging systems to provide better treatment outcomes.
Growing demand for dental procedures owing to rising cases of oral diseases combined with increasing disposable income has propelled the growth of dental consumables and equipment segments. As per data, annual dental visits in developed nations have increased from 1.5 to 2.5 visits in the past decade.
Technological advancements have enabled development of CAD/CAM systems, intraoral scanners, 3D printing, scanning devices and innovative dental lasers which facilitate complex surgeries with greater accuracy. AI and Robotics are further optimizing dental treatments with personalized solutions.
Market Trends
Increased adoption of dental lasers - Efforts to reduce procedure time along with less pain and greater accuracy have boosted adoption of advanced dental lasers based on diode, Er:YAG and Nd:YAG technologies in soft tissue management and scaling.
Rise of dental tourism - Developed nations are offering quality dental treatments at affordable prices to attract medical tourists. Countries like India, Hungary, Poland, Turkey and Thailand are emerging as popular dental tourism destinations.
Focus on dental cosmetic treatments - Non-invasive procedures like teeth whitening, veneers and bonding are gaining immense popularity as they produce natural looking results with minimal effort or discomfort involved.
Market Opportunities
Growing geriatric population - As life expectancy increases globally, age related dental issues will surge thereby driving need for dental implants, root canal treatments, dentures and dental prosthetics.
Emerging markets in Asia Pacific and Latin America - With improving access to dental care and rising incomes, countries like China, Brazil and Mexico offer significant growth potential for dental devices and equipment manufacturers over the next decade.
Teledentistry - Telehealth and smartphones enable remote consultations, screenings and post-operative follow ups. This lowers barriers to dental care especially in rural areas with limited access to dentists.
The COVID-19 pandemic has significantly impacted the growth of the Global Dental Market Growth . The lockdowns imposed to curb the spread of the virus resulted in postponement or cancellation of non-emergency dental procedures and restricted dental practice to emergency care only in most parts of the world. This led to a steep decline in revenue for dental practices globally in 2020. However, with relaxation of restrictions and reopening of dental clinics post widespread vaccination drives, the market has started recovering. While it may take some more time to reach pre-pandemic levels, implementation of stringent safety protocols and improved virtual consultation offerings are helping boost patient confidence. Tele-dentistry is expected to play a key role in driving the market growth going forward as it allows remote screening, consultation and treatment planning. In the long run, increased focus on oral healthcare and preventive dentistry due to the pandemic may also have a positive influence on market expansion.
North America currently dominates the global dental market in terms of revenue, accounting for over 40% share. This is attributed to the high dental awareness and expenditure, growing geriatric population and their dental needs, new product approvals and technological advancements in the region. Within North America, the United States holds the major market share. However, Asia Pacific is projected to emerge as the fastest growing regional market during the forecast period, expanding at a CAGR of around 8%. Rapidly improving access to dental care through public and private initiatives, rising middle class population with higher disposable incomes and increasing dental tourism in various Asian countries like Thailand, India and South Korea are fueling the Asia Pacific dental market growth.
The European dental market is predominantly led by Germany, France, Italy and United Kingdom. Favorable reimbursement policies for dental treatments, growing demand for cosmetic and reconstructive dentistry and new product launches are supporting the Europe regional market growth. On the other hand, Latin America and Middle East & Africa regions are also expected to offer lucrative opportunities for dental product manufacturers over the coming years.
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