The Dental Services Market Size was valued at USD 431.5 Billion in 2022 and is projected to grow from USD 452.21 Billion in 2023 to USD 658.09 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.80% during the forecast period (2023 - 2032). The growing cases of dental caries and other periodontal disorders, technical advancements in dentistry, and the significant demand for cosmetic and laser dentistry are a few of the major market drivers of this expansion.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing prevalence of oral illnesses is driving the market growth
The primary driver of the Dental Services Market growth is the rising prevalence of oral illnesses. A wide variety of prosthetics, implants, and intraoral scanners are in increasing demand due to major disorders such periodontal disease, tooth decay, and malocclusion. For instance, it was stated in an article by MedicineNet, Inc. that was published in August 2021 that in 2020, about half of the adult population in the U.S. was affected by gum disease. Planning interceptive and preventative interventions that can lessen the development of misalignment and other abnormalities is made easier by early disease detection. The prevalence of malocclusion, which affects 60–70% of the population, will eventually lead to higher product demand. Additionally, market participants are releasing a range of cutting-edge products for hygienists and assistants to treat illnesses, consequently boosting the dental services market revenue.
The dental services market's acceptance of novel goods has expanded as a result of expanding technological developments in areas like digital technologies, which include machine learning (ML) and artificial intelligence (AI). Another development in the market is the integration of robotics engineering in these procedures. The new standard of care in implantology, which encompasses implant operations, will be minimally invasive, robot-assisted surgery. For instance, Neocis, Inc. reported in January 2020 that the Yomi surgical robotic system has accomplished more than 1,000 implantations in 2018. A precision in dentistry was supplied by this new system. The dental services market is anticipated to grow at a faster rate in the projected period as a result of industry players' growing emphasis on the R&D of new products and the emergence of fresh technologies.
The use of invisible orthodontics is one of the trends in the Dental Services Market. Numerous advantages of invisible braces include reduced irritation to the cheeks and gums, simple brace removal, fewer dental visits, and capacity to customize braces to meet the needs of the patient. The increased use of invisible orthodontic treatments for treating malocclusions is a result of these advantages. The rapid uptake of invisible orthodontics has opened up new growth prospects for industry participants and increased the output of transparent aligners. Thus, driving the dental services market revenue.
The Dental Services Market segmentation, based on type includes Dental Implants, Orthodontics, Periodontics, Endodontics, Cosmetic Dentistry, Laser Dentistry, Dentures, Oral & Maxillofacial Surgery and Others. The dental implants segment dominated the market. Dental implant restoration is a cutting-edge dental technique that offers patients tooth replacement options that are both aesthetically pleasing and functional. The American Association of Oral and Maxillofacial Surgeons (AAOMS) reports that over 70% of individuals between the ages of 35 to 44 have lost at least one tooth permanently as a result of illness, decay, or an accident. As a result, there is a growing need for implants.
The Dental Services Market segmentation, based on end-use, includes Hospitals and Dental Clinics. The dental clinics category generated the most income. Because there are specialists available, the bulk of dental patients go to private practice dental clinics. More than 80% of dental offices are managed by the proprietors. All throughout the world, there are more autonomous practices. Due to cost effectiveness, the availability of professionals, and the use of cutting-edge equipment, this trend is likely to remain for the foreseeable future.Figure 1: Dental Services Market, by End-Use, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American dental services market area will dominate this market due to a number of variables, including increasing emphasis on preventative dental care and hygiene, the existence of independent clinics, expanding dental R&D efforts, and rising disposable income. Market expansion is probably influenced by the rising government support for dentistry programs.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: DENTAL SERVICES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe dental services market accounts for the second-largest market share. The rapid adoption of new technologies, high disposable income, rising dental caries instances, and increased awareness of oral health issues have all contributed to the European dental services market's expansion. Further, the German dental services market held the largest market share, and the UK dental services market was the fastest growing market in the European region
The Asia-Pacific Dental services Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the increase in dental clinics, dental tourism, industrial R&D, and public awareness of oral health. In the Asia Pacific region, private dentistry offices predominate. With the addition of cutting-edge tools and technology, the healthcare infrastructure in the Asia Pacific region is growing. Moreover, China’s dental services market held the largest market share, and the Indian dental services market was the fastest growing market in the Asia-Pacific region.
Dental Services Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the dental services market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, dental services industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global dental services industry to benefit clients and increase the market sector. In recent years, the dental services industry has offered some of the most significant advantages to medicine. Major players in the dental services market are attempting to increase market demand by investing in research and development operations includes 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; Integrated Dental Holdings; Pacific Dental Service; and Gentle Dental of New England.
Dental practice management services are offered by InterDent, Inc. Management, scale economies, information systems, and function specialization are all provided by the company. Patient care is provided by InterDent in the US. approximately 150 dental practices affiliated with InterDent provide dental services to approximately one million patients annually. Its flagship brand, Gentle Dental, offers top-notch comprehensive care in all dental specialties, including general dentistry, pedodontics, orthodontics, periodontics, prosthodontics, endodontics, and oral surgery.
A dental practice management company in the US that offers business support and administrative services is called Aspen Dental Management, Inc. (ADMI). Its corporate office is located in Chicago, Illinois. Individuals without a regular dental regimen or provider are the target audience for Aspen's services. A typical Aspen Dental patient, according to Fontana in 2012, is middle-aged, potentially struggling to pay for daily expenditures, or someone who considers dental work to be "discretionary" and might experience an emergency dental problem. In June 2020, the digital check-in platform for Aspen Dental was introduced and is accessible at its 820 locations throughout 41 states. Patients will manage their dental appointments more conveniently thanks to our platform.
Key Companies in the dental services market include
Dental Services Industry Developments
January 2023: At the 41st Annual J.P. Morgan Healthcare Conference, Dentsply Sirona gave a presentation. The company provided an update on its planned financial performance during the conference. Net sales are predicted to exceed the upper end of its previous projection range of USD 3.85 billion to USD 3.88 billion.
July 2020: Osteogenics Biomedical Inc., a business engaged in the creation of cutting-edge regenerative treatments for doctors working in implant dentistry, was purchased by Envista Holdings Corporation (Danaher).
February 2020: The MTApex bioceramic root canal sealer, which was introduced by Ultradent Products, Inc., is anticipated to boost the need for consumables over the projection period.
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