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Increasing Development of Technologically Advanced Solutions Predicted to Foster the Growth of the Cosmetic Dentistry Market by 2028
cosmetic dentistry market
According to the market, the global cosmetic dentistry market is anticipated to generate a revenue of $41,496.0 million and grow at a CAGR of 7.9% over the estimated period from 2021-2028.
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Dynamics of the Market
Drivers: The increasing development of technologically advanced solutions, such as novel dental materials that provides superior results, the market is projected to see significant growth during the forecast period. Besides, the growing demand of digital intraoral scanning that creates an exact 3-dimentional scan and increasing use of dental lasers in surgical procedures predicted to drive the cosmetic dentistry market growth.
Opportunities: An increase in the improvement of the cosmetic appearance worldwide is further expected to create massive growth opportunities for the market during the estimated period. Besides, the growing usage of dental lasers in surgical procedures like teeth whitening and gum lifting to amplify market growth.
Restraints: The high investment in the development of cosmetic dentistry equipment may impede the growth of the market throughout the forecast period.
Covid-19 Impact on the Market
Similar to various other industries, such as transportation, retail, petroleum and many more, the rise of the Covid-19 pandemic has also devastated the growth of the cosmetic dentistry market. The continuous and rapid transmission of deadly viruses has badly impacted activities worldwide. Furthermore, as per the guidelines imposed by governments of many nations, multiple dental associations were recommended to perform the emergency procedures only. This led to the delay in the regular checkups of individuals. All these factors have declined the growth of the market during the period of pandemic.
Segments of the Market
The cosmetic dentistry market is didived into segments based on type, end-user, and region.
By type, dental systems & equipment sub-segment is predicted to be most productive and is expected to generate a revenue of $13,445.6 million during the analysis period. The increasing prevalence of oral disorders, growing sedentary lifestyles, and increasing utilization of CAD/CAM technologies, which resulted in the accuracy of practices, are the factors expected to boost the growth of the cosmetic dentistry market sub-segment during the estimated time period.
By end-user, the dental hospitals & clinics sub-segment is expected to be most lucrative and is expected to garner a revenue of $23,094.4 million throughout the estimated period. The rising incidence of oral health disorders, growing disposable income in developing nations, and rising adoption of dental tourism all across the globe, are projected to propel the growth of the cosmetic dentistry market sub segment over the analysis period.
By region, the North America region is predicted to have the largest share of the market and is expected to generate a revenue of $18,341.2 million over the analysis period. The increasing R&D activities in dentistry and increasing government funding for dental programs across many countries of this region is predicted to drive the regional growth of the market during the forecast period.
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Key Players of the Market
The major players of the cosmetic dentistry market include, Zimmer Biomet Holdings, Inc., Takara Belmont Corporation, 3Shape, Straumann Holdings AG, Planmeca, Envista Holdings Corporation, Ivoclar Vivadent AG, Henry Schein, Brasseler USA, Dentsply Sirona and many more. These players are mainly working on the research and development of new business strategies such as partnerships and collaborations, product development, and many more to achieve leading positions in the global industry.
For instance, in December 2020, The Dental Roots (TDR), a leading Indian-based modern dentistry clinic, equipped with modern technology, equipment, and experienced team of dentists, has announced its collaboration with VLCC Femina Miss India 2020, the 57th edition of the Femina Miss India beauty pageant. With this collaboration, TDR has helped all the talented contestants taking part in the beauty contest to boost their confidence and spread happiness across the world amid the Covid-19 pandemic.
In addition, the report also presents other important aspects such as the financial performance of the key players, SWOT analysis, latest strategic developments, and product portfolio.
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