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Global Dental Services Market Expected to Reach $533.44 Billion by 2032, Driven by Aesthetic Dentistry and Rising Oral Health Awareness

05-04-2023 08:27 AM CET | Health & Medicine

Press release from: Reports and Data

Global Dental Services Market Size

Global Dental Services Market Size

The global Dental Services Market Size across the globe was valued at USD 388.84 billion in the year 2022, and it is expected to soar to USD 533.44 billion by the year 2032, registering a revenue CAGR of 4% throughout the projection period. The escalation in revenue growth of this sector is majorly influenced by the augmenting demand for cosmetic dentistry and increasing awareness about oral hygiene. Moreover, the surging prevalence of dental maladies, such as periodontal disease, dental caries, and oral cancer, has also resulted in a boost in the need for dental services. In addition, the market's revenue growth is further boosted by the aging populace, coupled with the increase in the number of dental clinics and dentists. According to the World Health Organization (WHO), there will be an upsurge in demand for dental treatments as the number of people aged 60 or above will rise from 900 million in 2015 to 2 billion by 2050. Customers' rising disposable income in emerging economies is another factor contributing to the market's revenue growth, as it allows more individuals to finance expensive dental procedures.

The revenue growth of the dental industry has been stimulated by technological innovations in dental treatments such as digital dentistry, Computer-Aided Design/Computer-Aided Manufacturing (CAD/CAM), and 3D printing, which have enhanced the precision and efficiency of dental treatments. These advancements have led to more efficient, precise, and patient-friendly dental procedures, resulting in elevated levels of patient satisfaction.

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Major Companies and Competitive Landscape:

• Aspen Dental Management, Inc.
• Birner Dental Management Services, Inc.
• Heartland Dental
• Pacific Dental Services
• Smile Brands Inc.
• S. Dental Management, LLC
• Gentle Dental Partners
• Dental Corporation of America (DCA)
• Dentistree
• Dental Care Alliance (DCA)

The domain of cosmetic dentistry, which encompasses teeth whitening, orthodontics, and veneers, has been gaining significant traction in recent years. Consumers' pursuit of elevated self-confidence and improved appearance is causing a surge in demand for cosmetic dental procedures. The increasing popularity of social media has brought about a heightened awareness of aesthetics and dental appearance, further fueling the need for cosmetic dentistry.

Moreover, the escalating incidence of dental ailments such as oral cancer, dental caries, and periodontal disease is spurring demand for preventative and restorative dental care. Inadequate oral hygiene, tobacco and alcohol usage, and limited access to dental services are among the significant contributors to the rising prevalence of dental diseases. As a result, the dental industry is witnessing a growing emphasis on preventative dental care to tackle these problems. This approach involves regular check-ups, cleanings, and oral hygiene instruction.

An emerging trend in the dental treatment market is the increasing inclination towards dental tourism. This involves traveling outside one's home country to obtain dental treatment that may be inaccessible or more expensive in their home country. Dental tourism is gaining ground due to various factors such as the high cost of dental care in industrialized countries, the availability of high-quality dental care in developing countries, and the opportunity to combine dental treatment with vacation time.

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Segments Covered in the Report

The dental services market can be classified by service type and end-use outlook. Under service type, the following categories are included: preventive, restorative, diagnostic, endodontic, implants, orthodontic, periodontal, and others.

Preventive dental services include regular check-ups, cleanings, and oral hygiene instructions. These services are focused on preventing dental problems before they occur. On the other hand, restorative dental services aim to repair damaged teeth and restore their function. These services include fillings, crowns, bridges, and dentures.

Diagnostic dental services are used to identify dental problems such as cavities, gum disease, and oral cancer. Endodontic services are used to treat problems that occur inside the tooth, such as root canal therapy. Implants, on the other hand, involve the replacement of missing teeth with artificial ones.

Orthodontic services, which include braces and clear aligners, are focused on correcting misaligned teeth and improving their appearance. Periodontal services, on the other hand, are focused on treating gum disease. Finally, there are other dental services that fall outside of these categories, such as cosmetic dentistry.

Moving on to the end-use outlook, the dental services market can be classified into hospitals, clinics, ambulatory surgical centers, and others. Hospitals provide a wide range of medical services, including dental care, to inpatients and outpatients. Clinics, on the other hand, are smaller healthcare facilities that may specialize in dental care.

Ambulatory surgical centers are healthcare facilities that specialize in same-day surgical procedures, including dental surgery. Finally, there are other types of facilities that provide dental care, such as community health centers and mobile dental clinics.

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Strategic development:

• Several developments and collaborations have taken place in the dental services industry in recent years. In 2021, Pacific Dental Services partnered with SomnoMed, a sleep apnea therapy company, to expand its range of services by offering SomnoMed's sleep apnea devices to its clients. Similarly, Dental Corporation of America expanded its foothold in the Northeast by acquiring several dental practices in 2021.
• In 2020, Heartland Dental and ClearChoice Management Services established a collaboration to broaden the range of services that Heartland Dental can offer its clients by providing ClearChoice's implant treatments. Smile Brands Inc. also increased its presence in Texas and Arkansas by acquiring Monarch Dental, a dental treatment provider with offices in these states. Aspen Dental Management, Inc. also collaborated with ClearChoice Management Services to offer implant services to its clients in 2020.
• To address safety concerns during the COVID-19 pandemic, Aspen Dental introduced the 'Smile Wide, Smile Safe' initiative in 2021. This program includes additional safety precautions such as upgraded personal protective equipment, air purification systems, and advanced infection control protocols to ensure the safety of patients and staff.
• In 2020, Birner Dental introduced a patient portal that allows patients to schedule appointments, view their dental information, and communicate with their dentist online. In the same year, they also launched a new virtual consultation service that enables patients to consult with a dentist remotely for non-emergency dental conditions. DCA also introduced a teledentistry service in 2020 that enables clients to communicate virtually with a dentist for non-emergency dental conditions.
• These developments and collaborations in the dental services industry are indicative of a growing emphasis on expanding services and improving accessibility and safety for patients.

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