"Designing Growth Strategies is in our DNA"
The global dental market size was valued at USD 35.40 billion in 2023 and market is projected to grow from USD 38.95 billion in 2024 to USD 95.37 billion by 2032, exhibiting a CAGR of 11.8% during the forecast period (2024-2032). North America dominated the global market with a share of 38.81% in 2023.
The global market comprises instruments and consumables that aid in diagnosing, preventing, and treating various oral diseases, including periodontitis, gum disease, malocclusion, and cavities. Numerous products, such as prosthetics, implants, endodontics, periodontics, and whitening, exist globally. There are innumerable benefits associated with using endodontics and periodontics, including virtually pain-free procedures and affordable costs. These benefits have fueled the adoption of these products in recent years.
The rising prevalence of periodontitis, tooth decay, and malocclusion mainly influences the global dental market growth. The increasing prevalence of such conditions boosts the demand for various products, driving market growth. Moreover, the growing demand for aesthetic dentistry and the increase in product launches by the major companies is expected to enhance market growth during the forecast period.
The COVID-19 pandemic negatively impacted the global market due to the reduced demand for products used in dentistry owing to the lower patient volumes. Prominent players in the market reported a noteworthy decrease in their revenues due to the pandemic. For instance, in 2020, Dentsply Sirona recorded a revenue of USD 3,342.0 million, which was a decrease of 17.1% compared to 2019. However, in 2021 and 2022, the market regained momentum due to the relaxation of regulations imposed by the government. It bounced back patient volume in the U.S. This resulted in the increased demand for several products after the pandemic.
Increasing Popularity of Invisible Orthodontics to Fuel Market Growth
In treating malocclusions, invisible orthodontics offers numerous benefits over metal braces. These benefits include lesser irritation to gums and cheeks, fewer visits to dentists, customization based on the patient's requirements, and easy removal. Such benefits are expected to boost the adoption of invisible orthodontics in malocclusion treatment. This increasing adoption of invisible orthodontics has inspired key market players to increase the production of clear aligners.
Such growing adoption of invisible orthodontics, along with the intense focus of key players toward the expansion of production capacity, is anticipated to boost the demand for these products during the forecast period.
Request a Free sample to learn more about this report.
Growing Demand for Aesthetic Dentistry to Surge Market Growth
In recent years, rising disposable incomes and growing beauty standards have fueled the demand for aesthetic dentistry. This higher demand has been witnessed among all age groups due to the continuous development of aesthetic products. Individuals highly opt for aesthetic dentistry over conventional dentistry as it provides superior comfort and incredible aesthetics. This increases demand for aesthetic procedures, propelling the market growth.
Furthermore, the rise in the patient pool undergoing an extensive range of aesthetic procedures contributes to the growing demand for precise intraoral scanners. As a result, healthcare professionals are increasingly opting for advanced products such as CAD/CAM scanners and other related instruments.
Moreover, most young people, primarily females, are increasingly focusing on enhancing their maxillofacial appearances. This increasing focus leads to a strong demand for aesthetic dentistry, stimulating several prominent players to develop and launch innovative products with an aesthetic application.
Rising Prevalence of Dental Ailments to Boost Market Growth
The rising prevalence of oral diseases, such as periodontal disease, tooth decay, and malocclusion, significantly contributes to the growing adoption and increased demand for an extensive range of prosthetics, implants, and intraoral scanners, driving the market growth.
Furthermore, the growing prevalence leads to an increased demand for early disease detection that can help in planning interceptive and preventive measures, advancing the development of misalignment and other deformities.
Moreover, companies are highly focused on launching various advanced products to treat several ailments, thereby expected to enhance the market growth during the forecast period.
Such a high prevalence and increasing product launches are anticipated to foster market expansion.
High Cost and Lack of Adequate Reimbursement for Dental Services to Impede Market Growth
The adoption of dental products is significantly increasing globally due to several advancements by key players. However, the expensive treatment and inadequate reimbursement may considerably constrain market growth, particularly in emerging countries. The expensiveness results in the delay and elimination of treatments, diminishing the usage of consumables to a limited amount.
Furthermore, the reimbursement for these oral services is comparatively lower than other healthcare services. Most financing is done through out-of-pocket spending or private health insurance. Such low reimbursement levels decrease clinic patient visits and treatments, thereby hindering market growth.
Dental Consumables Segment Leads Market Share, Fueled by Rising Demand for Invisible Orthodontics
By type, the market is segmented into dental consumables and dental equipment. The dental consumables segment is further sub-segmented into dental restoration products (dental implants and dental prosthetics), orthodontics (clear aligners and conventional braces), endodontics, and others. In contrast, the equipment segment further includes dental radiology equipment, dental lasers, dental surgical navigation systems, CAD/CAM equipment, dental chairs, and others.
The dental consumables segment accounted for the largest dental market share in 2023 and is projected to expand at the fastest CAGR during the forecast period. The rising prevalence of malocclusion coupled with the high demand for invisible orthodontics, most commonly among teenagers and females, are the key factors attributed to the large share of the segment. Such higher adoption of clear aligners encourages key players to launch novel products, increasing availability and accessibility and driving market growth. In addition, the high demand for prosthetics is due to the rising incidence of edentulism and caries, the increasing adoption of conventional braces due to misaligned jaws, and the focus on aesthetic appearances, which is also anticipated to boost segment growth.
The equipment segment is estimated to grow substantially in the coming years. This segmental growth is expected to be fueled by increasing technological advancements in equipment. In addition, prominent players in the market are implementing various strategies to expand their product offerings in the equipment segment, thereby contributing to the segment growth over the forecast period.
To know how our report can help streamline your business, Speak to Analyst
Solo Practices Segment to Dominate the Market Owing to the Growing Number of Dentists Globally
Based on end-user, the market is segmented into solo practices, DSO/group practices, and others.
Among these end-users, the solo practices segment held the largest dental market share in 2023 and is expected to register a noteworthy CAGR during the forecast timeframe. This significant share is primarily attributed to the growing number of dentists, which increases the number of patients undergoing treatment in these settings across the globe. Many dentists working as solo private practitioners provide the highest level of independence possible in dentistry, which is estimated to propel market growth.
The DSO/group practices segment is projected to expand at the highest CAGR over the forecast period. The segmental growth is highly attributed to the increased focus of independent dentists on collaborating with large group practices and increased partnerships of DSOs with prominent companies to fulfill the demand for intraoral scanners and other products. Additionally, minimum risks, better reimbursement support, and lack of qualified overhead burden for new dentists in group practices are anticipated to fuel segment growth.
The market is analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America Dental Market Size, 2023 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
North America accounted for the largest market size, with USD 13.74 billion in the global market in 2023. The dominance is attributed to the widespread adoption of products, such as clear aligners, and the presence of established players in the region. In addition, increasing product launches by key players are predicted to surge the market growth in the region. Moreover, many individuals suffering from periodontitis and increasing patient visits have prompted the adoption of these products, which is expected to propel regional market growth. Moreover, growing expenditure on oral health in the U.S. is anticipated to boost the market growth in the region.
Europe held a substantial market share in 2023 and is projected to witness a notable growth rate over the forecast timeframe. The increase in the number of teenagers and adults undergoing orthodontic treatment, along with other regional procedures and an increase in spending on oral care services, is expected to contribute to the European market growth.
Asia Pacific is estimated to witness the fastest growth rate from 2024 to 2032. The increasing adoption of implants and orthodontics mainly influences this higher growth rate of the region. Furthermore, increasing investments by key companies and growing public awareness regarding oral health in the region are anticipated to foster market growth.
Latin America and the Middle East & Africa are projected to grow considerably due to the high incidence of edentulism, increasing healthcare investments, and the introduction of technologically advanced products coupled with inorganic strategic partnerships by significant firms in these regions.
Dentsply Sirona and Align Technology, Inc. with a Wide Range of Advanced Products to Lead the Global Market
Some prominent players in the market include Dentsply Sirona, Align Technology Inc., Institut Straumann AG, ENVISTA HOLDINGS CORPORATION, Align Technology Inc., and Henry Schein, Inc. These companies dominate the global market owing to their diversified portfolio and strong global presence. These key players are further introducing new products and extending the reach of their technologically advanced solutions to penetrate new markets.
Furthermore, 3M, Zimmer Biomet, VATEC, Shofu Inc., Argen Corporation, YENADENT, Coltene, and BIOLASE, Inc. are other significant players operating in the global market. These players increasingly implement strategies and developments such as partnerships, collaborations, acquisitions, and new launches. Moreover, these players' emphasis on expanding their presence in untapped markets is projected to improve their position in the market.
An Infographic Representation of Dental Market
To get information on various segments, share your queries with us
The market research report covers industry statistics, such as the estimated number of orthodontists by key countries and the number of dentists by key countries. In addition, the report provides an in depth analysis of the competitive landscape. Moreover, the report focuses on market trends and key industry developments such as mergers, acquisitions, and partnerships. Additionally, it covers the impact of COVID-19 on the market and the industry overview during the pandemic.
To gain extensive insights into the market, Request for Customization
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 11.8% from 2024 to 2032 |
Unit | Value (USD Billion) |
Segmentation | By Type
|
By End-user
| |
By Region
|
Fortune Business Insights says that the market stood at USD 35.40 billion in 2023 and is projected to reach USD 95.37 billion by 2032.
In 2023, the North American market stood at USD 13.74 billion.
The market is expected to exhibit a CAGR of 11.8% during the forecast period (2024-2032).
The solo practices are set to lead the market by end-user.
The rising prevalence of disorders related to teeth, the increase in the number of dentists per population, the rising demand for aesthetic dentistry, and the growing acquisitions and mergers of major players are the key factors driving the market growth.
Dentsply Sirona, Align Technology Inc., ENVISTA HOLDINGS CORPORATION, and Institut Straumann AG are the top players in the market.
North America dominated the market in 2023.
Growing awareness regarding oral health care among the aging population and innovative product launches are expected to drive the adoption of these products.
US +1 833 909 2966 ( Toll Free )