The dental service market involves the provision of dental care services and treatments such as dental implants, amalgamation, root canal or tooth extractions. Utilizing advanced technologies and equipment, dental service providers conduct examinations, cleanings, take x-rays and provide preventive, restorative and cosmetic dental care. Additionally, they offer services and treatments for dental problems including cavities, cracked or damaged teeth, gum disease and oral cancer screenings. The growth in the number of periodontal diseases and oral cancers has boosted the need for quality dental care, thus driving the dental service market size.
The Global dental service market is estimated to be valued at US$ 640.2 Bn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the dental service market are Aspen Dental Management Inc., Pacific Dental Services, InterDent, Inc., Smile Brands Inc., American Dental Partners, Inc., Dental Care Alliance, LLC, Western Dental Services, Inc., Great Expressions Dental Centers, Gentle Dental of New England, Coast Dental, Southern Dental Alliance, MyDentist, Abano Healthcare Group, 1300SMILES, HealthPartners Dental Clinic, Q & M Dental Group, Apollo White Dental, Axis Dental. The key players are focusing on adopting advanced technologies like CAD/CAM for restorative procedures. They are also expanding their dental service clinics globally in order to tap the rising demand.
The key opportunities in the Dental Service Market Size include increased spending on dental cosmetic procedures, adoption of dental insurance, and growing medical and dental tourism industries. There is high demand for white fillings, teeth whitening, veneers, crowns and dental implants from consumers globally for aesthetic purposes. Additionally, rising dental insurance penetration is encouraging people to seek routine dental checkups and treatments.
Globally, the dental service market is expanding rapidly in developing regions owing to rising awareness, improved access and increasing discretionary incomes. Countries across Asia Pacific and Latin America are witnessing strong growth in their local dental service markets. Market players are actively setting up clinics in high potential markets and collaborating with local dental schools to train more dentists and attract customers.
Market Drivers
A major driver for the Dental Service Market Trends is the increasing prevalence of periodontal diseases and dental caries worldwide. According to the World Health Organization (WHO), oral diseases affect nearly 3.5 billion people and caries in permanent teeth of school children is 60-90% globally. This has boosted the demand for dental cleanings, X-rays and treatments. Furthermore, growing health insurance penetration in many countries is encouraging more people to avail dental care services, thus benefiting the market. Initiatives by dental service providers to offer flexible payment options and cashless facilities are also propelling the demand.
PEST Analysis
Political: Regulations regarding dental insurance coverage and reimbursement rates impact the market. Changes in healthcare policies also have implications.
Economic: Economic growth determines discretionary spending on dental care. Higher income levels boost demand for advanced treatments.
Social: Rising awareness about oral health and focus on aesthetics fuel growth. Aging population drives demand for dental services.
Technological: Advancements in materials and equipment enable minimally invasive procedures. Digital dentistry and teledentistry expand access.
The North America region accounts for the largest share of the global dental service market in terms of value, owing to the availability of advanced dental treatments and rising healthcare expenditure. Other major revenue pockets include Western Europe and Asia Pacific, where increasing awareness about oral healthcare is driving market growth.
The fastest growing regional market for dental services is Asia Pacific due to rapid economic development, growing penetration of dental insurance, and expansion of healthcare infrastructure in developing nations. Rising disposable incomes have also increased spending capacity on dental checkups and treatments in the region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Ravina Pandya
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