Dental Market Is Estimated To Witness High Growth Owing To Increasing Oral Healthcare Awareness

Dental Market


The global dental market is estimated to be valued at US$ 32,156 Million In 2021 and is expected to exhibit a CAGR of 6.7% over the forecast period of 2021-2028, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The dental market offers a wide range of products and services aimed at maintaining oral health and improving the appearance of teeth. These include dental implants, orthodontics, endodontics, periodontics, and dental prosthetics, among others. The need for these products and services arises from the growing oral healthcare awareness among the population, coupled with an increasing emphasis on aesthetic dentistry. With advancements in technology and rising disposable income, more people are seeking dental treatments and procedures to enhance their smile and overall oral health.

Market Key Trends:
One key trend observed in the dental market is the growing demand for dental implants. Dental implants are artificial tooth roots that provide a strong foundation for a replacement tooth or bridge. They offer numerous advantages over traditional dental prosthetics, such as improved appearance, enhanced functionality, and better long-term outcomes. The increasing prevalence of dental disorders, coupled with the rising geriatric population, is driving the demand for dental implants. Moreover, technological advancements in implant materials and techniques, such as CAD/CAM and 3D printing, are further fueling market growth.

In conclusion, the global Dental Market is poised for significant growth, driven by factors such as increasing oral healthcare awareness, aesthetic dentistry trends, and the growing demand for dental implants. With ongoing advancements in technology and an expanding geriatric population, the market is expected to witness sustained growth in the coming years. Leading players in the market include Straumann Group, Zimmer Biomet Holding, Inc., Danaher Corporation, Dentsply Sirona Inc., BioHorizons IPH, Inc., Henry Schein, Inc.,

PEST Analysis:

Political: The political factors that may impact the dental market include government regulations and policies related to healthcare, dental insurance, and dental practice. For example, changes in healthcare policies or regulations can affect reimbursement rates for dental procedures, which can impact the demand for dental services.

Economic: The economic factors influencing the dental market include disposable income levels, healthcare expenditure, and market competition. As disposable incomes increase, individuals are more likely to invest in dental procedures and treatments. Additionally, fluctuations in healthcare expenditure and market competition can affect the pricing and accessibility of dental services.

Social: Social factors such as changing demographics, oral hygiene awareness, and cultural perceptions of dental health play a significant role in the dental market. For instance, an aging population with a greater need for dental care and an increasing focus on preventive dental care can drive the demand for dental services.

Technological: Technological factors such as advancements in dental equipment and digital dentistry solutions impact the dental market. Innovations in dental implants, 3D printing technology for dental prosthetics, and digital imaging techniques have improved treatment outcomes and expanded treatment options for patients.

Key Takeaways:

The global dental market is expected to witness high growth, exhibiting a CAGR of 6.7% over the forecast period of 2021-2028. This growth can be attributed to several factors, including an increasing emphasis on oral healthcare and growing demand for cosmetic dentistry procedures. Additionally, the rising prevalence of dental disorders, such as periodontal diseases and dental caries, is driving the demand for dental treatments globally.

In terms of regional analysis, North America is anticipated to be the fastest-growing and dominating region in the dental market. The region's growth can be attributed to the presence of well-established healthcare infrastructure, high disposable incomes, and increasing awareness about oral health. Moreover, technological advancements in the dental industry, coupled with favorable reimbursement policies, are further propelling market growth in this region.

Key players operating in the dental market include Straumann Group, Zimmer Biomet Holding, Inc., Danaher Corporation, Dentsply Sirona Inc., BioHorizons IPH, Inc., Henry Schein, Inc., Osstem Implant Co. Ltd., Avinent Implant System, A-Dec Inc., Nobel Biocare, Sonoma Pharmaceuticals, Inc., and Nexa3D. These key players contribute significantly to the market through their product innovation, strategic collaborations, and aggressive marketing strategies. Their strong brand presence and global distribution networks enable them to maintain a competitive edge in the dental market.

Read More : https://www.newsstatix.com/dental-market-is-estimated-to-witness-high-growth-trend-analysis-forecast/

 

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