Dental Services Market to Surge with 6.6% CAGR, Projected to Hit US$ 65.3 Billion by 2032: Fact.MR Report

The worldwide sales of dental services market in 2021 was maintained at US$ 326.3 Billion. With 6.6%, the market growth forecast from 2022 to 2032 will be much higher compared to the past growth. Dental Implants will be the most revenue generating service, holding an absolute dollar opportunity of approximately US$ 65.3 Billion from 2022 to 2032.

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Which Region is most likely to Present the Biggest Opportunity for Dental services?

Dental services revenue has been expected to grow at highest rate in Asia Pacific, of almost 7% growth rate, during the period 2022 to 2033.
Few of key companies with business units in China have begun moving their business facilities to South and South East countries like Vietnam, Thailand, India, and Indonesia.

This is due to the evolving broad range of clinics, rising dental tourism, increase in R&D in the manufacturing sector, and rise in awareness regarding oral care. Most of the Asian Pacific dental practices are private. The healthcare facility in Asia Pacific is rising with better generation and equipment. Several groups and national governments, including China and India, are presenting tasks to spread attention regarding dental care.

Country-wise Analysis

North America, particularly, the US is reputed to be the dental services center of the world; because healthcare is one of the most crucial constituent of the country's GDP. Due to its well-developed Health infrastructure and ongoing research and development in the medical sector, many international companies opt for it as their headquarters. For example, leading firms such as Straumann, Envista, Dentsply Sirona, BioHorizons, Zimmer Biomet, Osstem Implant, ACE Surgical, MegaGen and Bicon are all US headquartered firms.

Market in the U.S. recorded dental services revenue of close to US$ 125 Bn in 2021 and expanding at a CAGR of 5.7% over the past five years. This is due to the preventive nature that Americans adopt towards oral hygiene and dental care. Apart from this, high number of independent clinics and extensive research and development efforts along with a high level of disposable income has triggered the demand boom in the nation.

Category-wise Insights

Dental implants had the highest revenue share of almost 18% during 2021, and it will grow at the highest CAGR of 7.3% during the next ten years compared to all other services. Dental implants restoration is basically a sophisticated oral procedure and it offers the patients advantages of both form and function for tooth replacement.

Approximately 70% of all adults in the age group of 35-44 years have lost one tooth or more from their dental structure reports the American Association of Oral and Maxillofacial Surgeons (AAOMS). Thus, the need for dental implants has been increasing considerably in recent years.

The ongoing R&D in the dental implant industry to develop and make better products has also aided the development of the market and will do so in the future. The researchers are working constantly to develop improved designs using improved materials in an economical way.

Competitive Analysis

Based on the analysis of market research, expansion and alliances have been the major growth trend in dental services market in recent years. Aspen Dental Management Inc., InterDent, Inc., National Health Service England, The British United Provident Association Limited, Apollo White Dental, Abano Healthcare Group Limited, Coast Dental, Dental Service Group, Axis Dental are the major players in dental services.

Some of the recent developments of major dental services providers are as follows:

In October 2021, Aspen Dental Management announced that it has partnered with SprintRay. Under the terms of the partnership, SprintRay will supply its 3D printing technology to Aspen Dental offices in 45 states in the U.S.

In August 2021, New Zealand-based Abano Healthcare Group signed an agreement to buy up to 84% of Townsville-based dental roll-up 1300Smiles, with an equity value of US $166 Mn.

Likewise, recent news about companies providing dental services has been followed by the team at Fact.MR and is available in the full report.

Browse Full Report: https://www.factmr.com/report/dental-services-market

Market Segments Covered in Dental services Industry Analysis

By Service Type :
Dental Implants
Orthodontics
Periodontics
Endodontics
Cosmetic Dentistry
Laser Dentistry
Dentures
Oral & Maxillofacial Surgery
Other Types
By End-Use :
Hospitals
Dental Clinics

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