Australia Dental Care Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

The Australia Dental Care Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Australia Dental Care market. This report explores all the key factors affecting the growth of the global Australia Dental Care market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the US Dental Care Market Analysis

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)

The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis

We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses

All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis

Inflation has not been accounted for in order to estimate and forecast the market

Numbers may not add up due to rounding off

Reason to buy the report:

Facilitate decision-making based on strong current and forecast data for Australia Dental Care Market Analysis

Develop strategies based on the latest regulatory framework

Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market

Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Australia Dental Care Market Analysis

Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders

To strategically profile key players and comprehensively analyze their market shares and core competencies

We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Australia Dental Care Market Analysis Executive Summary

The Dental Services industry's performance is forecast to improve over the next five years, supported by a growing and ageing population and rising disposable incomes. The need for improved oral care over the longer term is also projected to increase demand for industry services over the period. The Australian healthcare industry is dependent on imported equipment and demand is high for high quality, innovative dental products.

Market Size and Key Findings

The Australia Dental Care Market Analysis size stood at around USD xx% billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

Due to the increasing aging population in Australia, there has been an increase in the number of dental implants and oral surgeries being performed. In addition, there is a decrease in manual dexterity and an increase in comorbidity and medications affecting the oral cavity. Hence, the dental care in aged care facilities is found to be poor and access to dental professionals is difficult. There are several other risk factors, such as smoking, poor oral hygiene, diabetes, medication, and hereditary conditions, which are also connected to the increase in dental diseases. There are few population-based surveys in the Australia that demonstrate a high dental caries experience among elderly population. Thus, it is being found that the number of elder people is growing fast in all industrialized countries including Australia, and thus, contributing to the increase in dental device market. The other factors, such as increasing incidence of dental diseases and innovation in dental products is expected to drive the market in the forecast period.

Market Restraints

Increasing Cost of Surgeries, Expanding Demand for Refurbished Dental Devices are a major restraining factor. The increased cost of services due to high cost of dental equipment is a significant factor that may hamper the market growth during the forecast period. Hospitals may also be under more pressure to raise prices to compensate for lower volume. There are major opposing influences, though.

Covid-19 Market Impact Analysis

Industry operators are expected to face several challenges related to COVID-19. The implementation of level three guidelines and restrictions in March 2020 limited the number of dental services able to be offered. Under these restrictions, dentists may only perform dental treatments that do not generate aerosols or where treatment generating aerosols is limited. While most dental practices have since reopened following the move to level one restrictions in May 2020, the implementation of level two restrictions in regional Victoria and level three restrictions in metropolitan Melbourne in July and August 2020 are expected to dampen demand in 2020-21 as are subsequent regional lockdown restrictions.

Competitive Landscape

Key Players

The market for dental devices in Australia is moderately competitive and there are several international companies that are having a strong presence in this country. The global players into the Australia dental devices market are 3M Company, A-Dec Inc., Biolase Inc., Carestream Health Inc., Dentsply Sirona, Envista Holdings Corporation, GC Corporation and Planmeca.

Products in Pipeline

An ongoing trend within the dental prosthetic market is the increasing movement towards digitization, resulting in high growth of the CAD/CAM prosthetics market. Through the use of CAD/CAM technology, dentists and laboratory technicians are able to increase productivity levels. Prices for CAD/CAM systems and blocks are expected to gradually decrease throughout the forecast period. As scanning and milling units becomes increasingly affordable, more laboratories and dental clinics will be able to invest in the technology.

Notable Recent Deals

Graduates of programs accredited by the Australian Dental Council (ADC) and approved by the Dental Board of Australia (DBA) are eligible to apply for registration with the DBA. Please see the DBAs website for further details regarding the registration process.

The Australian Health Practitioner Regulation Agency (Ahpra) welcomes the announcement by Health Ministers to review the use of the title surgeon.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

Australia has a government-funded healthcare scheme, Medicare. However, in contrast with other health services, the Dental Services industry is predominantly privately funded. Most patients pay for dental care, check-ups and procedures out of their own pocket, and some use private health insurance to subsidize the cost. Patients with private health insurance are more likely to regularly go to the dentist and undergo expensive procedures. Approximately 50% of Australians have some level of private health insurance cover for dental expenses.

In 2019, the Australian Government paid benefits averaging $60 per service provided under the Child Dental Benefits Schedule. Around one-fifth of dentate adults aged 15 years and over avoided or delayed dental care due to cost in 201920. Adults aged 15 years and over had an average of 11.2 decayed, missing and filled teeth in 201718. In 201718, about 72,000 hospitalisations for dental conditions may have been prevented with earlier treatment.

The Therapeutic Goods Administration (TGA) regulates medical devices. Australias regulatory framework is based on IMDRF guidelines which means that EU and Australian requirements are similar. Most medical equipment in Australia are supplied under CE certification, however, under the Medical Device Single Audit Program (MDSAP), the TGA recognizes US FDA regulatory clearance information if presented with a MDSAP certificate.
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Australia Dental Care Market Analysis Segmentation

By Product:

Dental instruments are tools used by dental professionals to provide dental treatment. It include tools to examine, manipulate, treat, restore, and remove teeth and surrounding oral structures. The Australian market for dental equipment and supplies is largely import driven with over 90% of the equipment's being imported. Dental equipment's were largely imported from Europe, US and Asia. The United States and Europe have traditionally led the market; however, products from Asia, especially Japan have become increasingly popular over the past decade. Domestic production of dental equipments and consumables is very limited and largely limited to tooth filling materials and dental equipments such as dentists' chairs. Small market size of dental equipments has resulted in companies finding it more cost effective to import goods rather than manufacture locally.

By Treatment:

Based on treatment the market is segmented in Orthodontics, Endodontics, Periodontics, and Prosthodontics. The main factor attributing to the growth of the prosthodontics segment is the increasing demand for dental prostheses across the country and the rising number of people getting older. Prosthodontics has a wide application in the dental problem that has been caused by defective or missing teeth. Furthermore, the rising number of dental practitioners in Australia, the presence of a high-quality healthcare system and increasing awareness among people regarding treatment option is also expected to fuel the market growth over the forecast period.

By End-User:

By end user, the dental clinics segment led the dental services market owing to the higher preferences for the convenient and specialized services offered by dental clinics to the patients in comparison to any other end user.

Highlighted Segments of Australia Dental Care Market:

Industry Overview: The first section of the research study covers an overview of the global Australia Dental Care Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global Australia Dental Care Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global Australia Dental Care Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global Australia Dental Care Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global Australia Dental Care Market.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Australia Dental Care Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Australia Dental Care Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australia Dental Care market
Chapter 2: Exclusive Summary - the basic information of the Australia Dental Care Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australia Dental Care
Chapter 4: Presenting the Australia Dental Care Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australia Dental Care market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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