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Teledentistry Industry Global Market Forecast for 2024
Teledentistry Market Research
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According to The Business Research Company's, The teledentistry market size has grown rapidly in recent years. It will grow from $1.77 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased demand for remote healthcare, and a rise in government support.
The teledentistry market size is expected to see rapid growth in the next few years. It will grow to $4.08 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. The growth in the forecast period can be attributed to rising burden of oral diseases, increasing government initiatives to improve oral health, and increasing size of the aging population. Major trends in the forecast period include increasing investments, focus on adoption of robots in food preparation, increasing focus on offering healthier french fries options, products innovations, and focus on launching french fries that are suitable for vegan diets.
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Market Drivers and Trends:
The rising burden of oral diseases is expected to propel the growth of the teledentistry market going forward. Oral diseases are diseases related to mouth and mouth parts such as teeth, gums, and tongue. Teledentistry helps extend access to oral health and improve the treatment of oral diseases. For instance, according to the American Cancer Society, a US-based voluntary health organization, in 2022, about 54k new cases of the oral cavity or oropharyngeal cancer and 11.2k deaths from the oral cavity or oropharyngeal cancer registered in the United States. Therefore, the increasing prevalence of oral diseases is driving the growth of the teledentistry market.
Technological advancements are a key trend gaining popularity in the teledentistry market. Major companies in the market are introducing innovative technologies such as 'SmileOS', an artificial intelligence-based treatment planning software, to sustain their position in the market. For instance, in November 2021, SmileDirectClub Inc., a US-based teledentistry company, launched the SmileOS platform. The platform is an innovative treatment platform that assists associated dentists and orthodontists in treating a broader range of patients who are present in remote locations. On the basis of information from more than 1.5 million clear aligner treatment programs, SmileOS is driven by artificial intelligence.
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Major Key Players of the Market:
Samsung Electronics Co. Ltd., Sony Corporation, Goertek, Merry Electronics Co. Ltd., Knowles Electronics, Bose, Concraft Holding Co. Ltd., Eastech Holding Limited, Foster Electric Company Limited, Fortune Grand Technology Inc., Noise, BoAt, pTron, Hammer, Ambrane, Clarion, Yamaha, Onkyo, Pioneer Technical Audio Devices, Sansui, Denon, Sharp, TOA Corporation, Osborn Loudspeakers, Karri Acoustic, VAF Research, Whatmough, Lenehan Audio, Redgum Audio, Duntech, LG Electronics Inc., Jinyoung G&T, Pantos Logistics Co. Ltd. (Plihq), Bum Jin C & L Co. Ltd., Euroline Co. Ltd., J P Products Co. Ltd., Imoss Corporation, Edifer, Guangzhou Hongxiang Audio Equipment Co., ZHIYA Audio Equipment Co.Ltd, Sanway Audio Equipment, Enping Macadn Electronic Technology Co Ltd, Tannoy, ATC, Bowers & Wilkins (B&W), Mission, Wharfedale, KEF, PMC, Fyne Audio, Q Acoustics, Zound Industries, Sennheiser, ELAC, Focal, Dynaudio, Sonos Inc., Blaupunkt GMBH, Koninklijke Philips N.V., Alphabet Inc., Amazon Inc., Aris Audio, Reezoldini, KV2 Audio, Xavian, Pylon Audio, Megalith Audio, ZR Speaker Lab, Altec Lansing, Harman International Industries Inc, Apple Inc, DEI Holdings Inc, JBL, Klipsch, Definitive Technology, Quested, QSC, Eros Alto Falantes Ltda, Hisense, TCL, Leap Technologies FZC, SMARTECH AV, VOXX, Sound United, JVC, Logitech, Audioholics, SPL Audio, PQ Sound, Morel HiFi, McRael Sound Technology, Temple's Counsel, Jay Sounds, Eminence Speaker, KCS Speakers, Al Watania, EVGA Corporation, Elitegroup Computer Systems, Aztech Group Ltd., Micro-Star INT'L Co. Ltd.
Teledentistry Market 2024 Key Insights:
• The teledentistry market size is expected to see rapid growth in the next few years. It will grow to $4.08 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%.
• Teledentistry Market Growth Fueled By Escalating Burden Of Oral Diseases
• Innovations Driving Teledentistry Market Growth
• North America was the largest region in the teledentistry market in 2023
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