In recent years, the dental industry has witnessed significant shifts in market trends, driven by various factors ranging from technological advancements to changing consumer preferences. One prominent trend is the growing demand for cosmetic dentistry procedures. With an increasing emphasis on appearance and aesthetics, more individuals are seeking treatments such as teeth whitening, veneers, and orthodontic procedures to enhance their smiles. This surge in demand has led to the expansion of cosmetic dentistry services offered by dental practices, as well as the development of innovative products and techniques to meet consumer expectations.
Moreover, there is a notable rise in the adoption of digital technologies within the dental industry. Digital dentistry encompasses a wide range of technologies, including CAD/CAM systems, 3D printing, and intraoral scanners, which streamline various dental processes from diagnosis to treatment planning and fabrication of dental restorations. These technologies not only improve the accuracy and efficiency of dental procedures but also offer greater convenience for both dental professionals and patients. As a result, dental practices are increasingly investing in digital infrastructure to stay competitive in the market and provide enhanced services to their clientele.
Another significant trend shaping the dental industry market is the increasing focus on preventive care and oral health education. With growing awareness about the importance of oral health in overall well-being, there is a shift towards preventive measures aimed at maintaining good oral hygiene and preventing dental problems before they occur. Dental professionals are placing greater emphasis on patient education, promoting regular dental check-ups, and encouraging healthy habits such as proper brushing and flossing. This proactive approach not only benefits patients by reducing the risk of dental issues but also contributes to the long-term sustainability of dental practices by fostering patient loyalty and retention.
Furthermore, the dental industry is experiencing demographic shifts that are influencing market dynamics. One notable demographic trend is the aging population, with a growing number of older adults seeking dental care to address age-related dental issues such as tooth loss, gum disease, and oral health complications associated with chronic conditions. This demographic segment presents both challenges and opportunities for dental practices, as they adapt their services to meet the unique needs of older patients while also tapping into a potentially lucrative market segment.
Additionally, there is a trend towards consolidation within the dental industry, with larger corporate dental groups acquiring smaller independent practices to achieve economies of scale and market dominance. This consolidation trend is driven by factors such as rising operating costs, increased competition, and the need for enhanced resources and capabilities to meet evolving market demands. While consolidation may offer benefits such as improved efficiency and access to capital for investments, it also raises concerns about the potential loss of personalized care and the impact on pricing and competition within the industry.
Report Attribute/Metric | Details |
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Segment Outlook | Discipline, Consumables, and End-User |
The growing trend of invisible orthodontics and advanced diagnostics and therapeutic options are proving to be game-changing trends for the market.Invisible orthodontics offers various benefits, including fewer visits to dentists, less irritation to the gums and cheeks, customization based on the patient's requirements, and easy removal of braces. Such benefits contribute to the increased adoption of clear aligners in treating malocclusions. The growing adoption of invisible orthodontics has generated growth opportunities for market players, which include dental manufacturers and dental services providers, stimulating them to increase the production of clear aligners. The increase in adoption of such dental aligners, which correlates with the strong focus of companies toward growing production of dental implants and dental machinery, is anticipated to increase the demand for such and many other dental services products during the forecast period.
The dental industry market segmentation based on discipline is further segmented into endodontics, restorative dentistry, prosthodontics, periodontics, orthodontics, cosmetic dentistry, and oral surgery. Among all these, the cosmetic dentistry category held a major market share owing to the growing adoption of teeth appearance improvement procedures. Some cosmetic dental procedures include teeth whitening to remove staining and treat discolouration’s. Besides this, endodontics is the fastest-growing category due to technological advancements, materials, and endodontic treatment processes.
The dental industry market segmentation based on the consumables is further divided into resin composites, dental biomaterial, dental aesthetic, endodontic supplies, gingival retraction material, and whitening material. Out of these, the whitening material category had a prominent market share due to technological advancement and the high number of individuals opting for procedures in the dental services market. However, Dental Biomaterial is the fastest-growing segment during the forecast period, as it includes biocompatible synthetic materials and natural tissues used to treat tooth decay, damage, and fracture problems.
North America
North America held a prominent market share in the dental industry market owing to factors including a preventative approach towards oral care and hygiene, the existence of independent clinics, increasing R&D activities in dentistry, and increased disposable income. Apart from this, the growing government funding for dental programs will likely contribute to market growth in this region. The US national funding for Medicare & Medicaid is anticipated to boost the demand for oral care benefits as patients are likely to pay less out-of-pocket expenses. The dental market in the United States retailer rating based on customer reviews and satisfaction surveys reveals the top-rated dental supply retailers in the country which is eventually aiding the said market's growth.
Asia-Pacific
Dental Market Key Players & Competitive Insights
The global dental industry market includes tier-1, tier-2, and local players. Companies such as Aspen Dental Management Inc., InterDent, Inc., National Health Service England, The British United Provident Association Limited, and Apollo White Dental dominate the dental industry with product differentiation, strategic developments, financial stability, and diversified regional presence.
Key Companies in the Dental Industry Market
Prominent players in the global dental industry market segment include-
Recent Developments in the Global Dental Industry Market
August 2023:In August 2023, Boston Micro Fabrication, a manufacturer of microscale 3D printers, released UltraThineer, the "world's thinnest cosmetic dental veneer." The company recently announced that it has raised USD 24 million in series D investment to enhance micro-scale additive manufacturing. Recently released 3D printed veneers are custom-made to be three times thinner than traditional veneers using projection micro stereolithography (PSL). With this innovative method, dentists may spend much less time on pre-treatment preparation.
August 2023:In August 2023, NSK, the leading producer of rotary instruments for the dentistry industry in the world, signed a binding agreement to acquire 51% of the membership interests of DCI International, LLC, a prestigious investment firm. With this deal, NSK owns all of DCI's membership interests. By joining forces, NSK and DCI will be able to meet the needs of their clients and compete in the highly competitive dentistry market, particularly in the United States. All of DCI's upper-level management will remain in place. In addition, the DCI name and distribution system will continue to function normally.
July 2022:In July 2022, Envista Holdings Corporation (Danaher) signed an acquisition deal to acquire Osteogenics Biomedical Inc., which is involved in the development of innovative regenerative solutions for clinicians in implant dentistry.
September 2022:In September 2022, Dentsply Sirona introduced a new digital dentistry solution at DS World 2022 in Las Vegas that enables long-term practice growth by increasing efficiency while introducing new procedures and treatment workflows to improve patient outcomes.
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