The global dental services market is expected to grow at a CAGR of 7% during the forecast period. As a result, the global revenue is estimated to reach USD XX billion by 2027 from USD XX billion in 2022.
Dental services include everything related to the teeth, mouth, or oral cavity. The health of the oral cavity is the priority of your dentist. Dental problems like cavities, bleeding gums, infection, etc., are treated by dentists with procedures like root canals, extractions, cementing, etc. Any dental accidents and reshaping of the teeth, braces, whitening, etc., are also performed by dentists under the category of cosmetic dentistry. There are different services in the dental industry for all types of patients. Dentistry also extends into tooth care and hygiene by advertising toothbrushes, toothpaste, floss, etc., and all dental hygiene products. Dental services are a massive market imbibing all of these branches.
Impact of covid-19 on the global dental services market:
Numerous severe issues during the COVID-19 epidemic affected many parts of the world. Businesses lost a lot of money due to the pandemic's disruption of supply and demand networks, which led to lockdown limitations. In addition, due to an increase in cases and patients and a shortage of beds, medical supplies, and healthcare professionals to care for the patients, the healthcare sector was most negatively impacted. As a result, the focus was switched to the COVID patients, and the less urgent procedures and medical exams were postponed.
The pandemic hurt the global dental services market. As the pandemic led to a lockdown and quarantining, dental clinics and hospitals were shut down until further notice. Additionally, all care was guided towards the covid patients, and all elective procedures were postponed, including orthodontics. Dental procedures are the most dangerous and viable to contamination as it deals with teeth and the saliva in the mouth. Even with the safety equipment, contamination is a high possibility. Dental tourism was also banished due to travel restrictions. Bearing these reasons in mind, the market faced significant fallback during the pandemic and is slowly returning to the market after the pandemic.
The market is rising due to the growing number of persons experiencing dental issues, Growing signs of gum disease, untreated tooth decay, dietary changes, excessive consumption of processed foods, an aging population, increased awareness of the value of preventative dental care, and more access to dental hygiene education. Furthermore, the rising demand for cosmetic dentistry, dental orthodontists, treatment options, and dental tourism are all contributing factors. In addition, lifestyle modifications, including smoking, acid reflux, eating poorly, diabetes, and others, can lead to oral problems that require dental care.
Technological advancements in dental care encourage dental services market expansion.
Technological advancements in dentistry, like laser dentistry, are also helping the market grow. Increasing research and developments in dentistry and oral care equipment are leading to products like invisible braces, high-quality teeth caps, drills, dentures, chairs, etc., making the job easier for dentists. Additionally, online campaigns and awareness programs to spread dental care are pushing the market to grow.
In addition, government initiatives, expanded dental insurance programs, corporate mergers and acquisitions, the rising prevalence of periodontal disease in kids, and the expansion of dental practices with highly qualified and experienced dentists are leading the market to grow.
The high costs of dental services hinder the market, and the lack of sufficient infrastructure in developing economies and unfavorable reimbursement policies are expected to curb the market's growth.
The research report on the global menopause market has been segmented and sub-segmented based on the type, end-use, and region.
Global Dental Services Market - By Type:
The Dental implants segment is expected to dominate the market during the forecast period due to the increasing cases of trauma and
accidents worldwide which require dental care. In addition, dental chipping and losing a tooth need the assistance of dental implant services for treatment, thus promoting the market for the segment. Additionally, increasing R&D activities in the implants segment is pushing the growth.
However, the Cosmetic dentistry segment is also expected to show significant growth due to the rising consciousness of beauty and appearance. In addition, cosmetic dentistry helps patients boost their confidence and remove their insecurities. These advantages of the procedure are driving its growth. Additionally, the rise in the number of professionals in cosmetic dentistry due to the scope of the industry is pushing the segment expansion.
Global Dental Services Market - By End-use:
The Dental clinic segment is expected to dominate the market during the forecast period due to the prevalence of dental clinics worldwide. Dental clinics are built up by educated professionals who have good experience in dentistry and can are easier to make an appointment with than hospitals. Dental clinics' credibility has led to the segment's dominance. Dental clinics are also comparatively low cost compared to hospitals, further promoting segment expansion.
Global Dental Services Market by Region:
The market in North America is expected to dominate the revenue during the forecast period due to Increased government funding, increased adoption of technologically advanced equipment and innovations, presence of key market players, increased awareness of oral health issues, and the prevalence of independent clinics. In addition, adequate availability of dentists in the US, R&D efforts in dentistry, rising disposable income, increased cases of dental caries, and developed healthcare infrastructure are some more significant reasons for the market growth in the region.
The market in Asia-Pacific is also fast growing due to the growing dental tourism, an increase in clinics, Growing knowledge of oral health, more improved technology and equipment, campaigns to raise awareness, an increase in private dental clinics, increased R&D in manufacturing, rising disposable incontinence, and dental disorders are only a few of the trends pushing growth in countries like China, India, Japan, South Korea, etc.
KEY MARKET PLAYERS:
There are several significant players in the global dental services market. Here are a few of the most prominent market players, National Health Service England, The British United Provident Association Limited, Apollo White Dental, Abano Healthcare Group Limited, Coast Dental, Dental Service Group, Axis Dental, Aspen Dental Management Inc., InterDent, Inc., etc.
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