Europe is the Dominated Region With Increase Demand of Dental Procedures Offering Advanced Dental Treatment
" The global dental market is expected to witness a CAGR of ~5.4% to reach $29.1 billion by 2025 "
Bangalore, India, September 26, 2019: With its recently published study “Global Dental Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the dental market is expected to grow at a steady rate with a CAGR of ~5.4% during the forecast period. Factors such as increase in incidence of oral diseases, rise in demand for advanced dental products, increase in adoption of cosmetic dentistry, and rise in aging population (especially edentulous population) is driving the global market. Most of the people aged above 20 will have some form of periodontal disease and nearly 40% of individuals aged between 55 and 65 years may have severe dental problems owing to age. Most of the oral diseases are linked to heart diseases, low birth weight, and transmission of flu. The market is transforming and is expected to witness a significant change with innovative technologies – the technologies like laser dentistry, digital imaging (dental X-ray), cloud, 3D printing, and other advancements are expected to grow. The dental healthcare system trends have attracted many investors to achieve the possible scale of economies, few of the trends include shift to additional group practices, increase adoption of 3D printing, digitalization in dentistry, benefit programs and payment solutions, and change in workforce – narrowing gender gap has rapidly changing the dental industry in Europe. Factors such as increase in incidence of oral diseases, rising adoption of evidence-based dentistry, and rise in demand of advanced dental biomaterials, and increase in demand of cosmetic dentistry is driving the market.
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The European dental market is the leading region and stands with >44% of the total global dental market share with stable growth with market estimated nearly $70 billion. With market being highly fragmented, it has huge potential, the consolidation of dentistry market is going to offer great value and benefit from patient to payors and even regulators in the overall dental market. Currently, the European dental industry is in its early stage of consolidation with growing demand across the region. The cost involved in a dental procedure brings a second thought for most individuals who have been recommended treatment plan for dental care. As most of the dental procedures have no reimbursement policy and many insurers provide only selected procedural reimbursement, it becomes a difficult decision to make for people who need to undergo treatment. For instance, a successful dental restoration requires surgical treatment with regular dental visits and the cost of a single dental implant ranges between $2,500 to $4,500 approximately. This range differs from place to place depending on the medical set up of the region. The advances in technology such as 3D printing and the usage of biomaterials are making treatment methods hassle free and successful. Therefore, despite the cost the dental implants are contributing to the revenue of the market.
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The market is segmented into two major categories – prosthetics and orthodontics and the growth in each segment is increased with rising awareness about the importance of oral hygiene, inflammation of gum (gingivitis), cavity prevention etc. Further, the dental market is growing at a steady rate with key forces such as increase consumerism, shift in dental care usage patterns, and increased collaborations that are reshaping the market. Government initiatives towards improvising standard healthcare infrastructure and increased focus on healthcare expenditure is helping these countries to focus on offering high quality healthcare. Apart from this, Eastern European governments and dental organizations are working hard to promote the advanced dental treatments available in the market. The market is expected to witness significant growth during the forecast period because of the presence of several vendors that manufacture dental implants. Further, the presence of a strong dental healthcare provision framework inspires individuals to visit the dental clinics for regular check-ups, which will drive the growth of this market.
“Dental market has newest trends of small practice dental clinics with significant rise in cosmetic dentistry. Oral healthcare services are predominantly increasing across the globe due to an increase in incidence of oral diseases, rise in edentulous population, increase rise in disposable income, and advanced dental treatments. Further, companies seek strategic partnerships to develop products that are essential and beneficial for patients with effective manner and leverage its distribution to wide network area.” – Mohammed Azhar, Team Lead (Research – Healthcare) at Infoholic Research
Key insights of the report include:
- By Product Type:
- By End-users
- Dental Clinics
- By Region:
- North America
- Industry outlook: Market trends, drivers, restraints, and opportunities