Dental Services Market

Dental Services Market Outlook (2022-2032)

The global sales of dental services in 2021 was held at US$ 326.3 Biilion. With 6.6%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth. Dental Implants is expected to be the highest revenue generating service, accounting for an absolute dollar opportunity of nearly US$ 65.3 Billion during 2022 – 2032.

Report Attributes	Details
Forecast Period	2022-2032
Historical Data Available for	2017-2021
Market Size (2021)	US$ 326.3 Billion
Forecasted Market Value (2032)	US$ 65.3 Billion
Global Market Growth Rate (2022to 2032)	6.6% CAGR
Key Market Segments Covered	Service Type End-use Type Region
Key Companies Profiled	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 Pacific Dental Service Gentle Dental of New England

Revenue of Dental Services from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the dental services industry research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the dental services industry increased at around 5.6% CAGR, wherein, countries such as the U.S., UK, China, South Korea and Japan held significant share in the global market.

The constant surge in consumer's awareness towards dental care has been propelling the demand for dental services market. Owing to this, dental services market is projected to grow at a CAGR of 6.6% over the coming 10 years.

• The dental services market reached a valuation of US$ 326.3 Bn in 2021 wherein worldwide revenues rose by 6% year-over-year. Fact.MR estimates that dental services revenue will grow nearly 2X from 2022 to 2032, reaching nearly US$ 656.5 Bn in 2032.
• Dental Services market revenue is expected to be created mostly by dental clinics which is expected to grow at 6.2% in the next ten years. People like to visit private dental clinics due to high individual attention, efficiency in service and modern technology involved with the procedure.
• The market for Dentures is expected to grow at a significant pace of 7.5% during the forecast period.
• Being a country with high potential for dental services, the market in Japan is expected to grow at the highest rate of 8% in the next ten years.

How People’s Growing Fascination towards Cosmetic Dentistry is Making Dental services an Essential Component?

The global Cosmetic Dentistry market registered a revenue of nearly US$ 34 Bn in 2021 and it is expected to expand in future at a high rate of around 5%. Growing awareness among people and with an increase in the number of people opting for dental aesthetics improvement, the industry has seen growth at a massive scale. Cognizance among people for techniques and procedures related to dental implants has caused the industry to grow in leaps and bounds.

Developing countries due to their high population and the high disposable income have become significantly potential markets for cosmetic dentistry. The adult population, in general, due to their commonly occurring tooth ailments have created a huge market for dental implants, veneers and so on. Dental tourism is one of the prime factors contributing to the growth of cosmetic dentistry. It primarily includes, teeth whitening, changes in dental structure through veneers, and procedures like malocclusion.

Which Region is projected to Offer the Largest Opportunity for Dental services?

With nearly 7% projected growth rate, dental services revenue is expected to grow at fastest pace in Asia Pacific, during 2022 - 2033. Some of the key companies having manufacturing units in China have started to relocate their business units to South and South East Asian countries such as Vietnam, Thailand, India, and Indonesia.

This is because of the developing wide variety of clinics, growing dental tourism, surge in R&D in manufacturing, and uplift in awareness about oral care. The majority of the dental practices in Asia Pacific are private. The healthcare infrastructure in Asia Pacific is increasing with superior generation and equipment. Various groups and governments of countries, which includes China and India, are introducing tasks to unfold attention concerning dental care.

Country-wise Analysis

Why does the US, Contributes the Most in Terms of Revenue for Dental Services Market?

North America, specially, the US is known to be the dental services hub of the world; as healthcare is one of the most important component of the country’s GDP. Owing to its well-established Health infrastructure and continuous research and development in the medical field, several global companies choose it as their headquarters. For instance, top companies including Straumann, Envista, Dentsply Sirona, BioHorizons, Zimmer Biomet, Osstem Implant, ACE Surgical, MegaGen and Bicon are all US based companies.

Market in the U.S. reported dental services revenue of nearly US$ 125 Bn during 2021 and growing at a CAGR of 5.7% during the last five years. This is owing to the preventive approach that Americans follow towards oral care and hygiene. Besides, large number of independent clinics and significant research and development activities combined with high disposable income has created a demand surge in the country. The government has also been providing funding to the domestic healthcare infrastructure which will boost demand and increase growth prospects in the future.

Category-wise Insights

Why Dental Implants are Becoming Popular among All age Groups as Compared to Other Dental Services?

Dental implants held the largest revenue share of nearly 18% in 2021, and it is expected to grow at the highest CAGR of 7.3% in the next ten years among all other services. Dental implants restoration is essentially an advanced oral procedure and it provides the patients benefits of both functionality and aesthetics for tooth replacement.

Around 70% of all adults between the age of 35-44 years have lost at least one tooth from their dental structure says the American Association of Oral and Maxillofacial Surgeons (AAOMS). Hence the demand for dental implants has been rising significantly over the past few years.

The continuous research and development in the field of dental implants to improve and create better products has also facilitated the growth of the market and will continue in the future. The scientists are continuously working to create better designs using better materials in a cost effective manner.

Why Dental Clinics Carry Significant Opportunity for Dental Services?

Dental Clinics segment held a significant market share in their segment of over 65% and it is likely to grow at a CAGR of around 6.2% from 2022-2032. Over 80% of the dental clinics are run by private owners, according to research.

Most of the people prefer dental clinics over hospitals because there is an availability of specialists who may tend to needs of different people differently and individually. There is a rise in number of dental clinics around the world owing to the cost efficiency, individual attention and due to the continuous upgradation in technology.

How Has COVID-19 Impacted Revenue Generation from Dental Services?

The impact of COVID-19 on the dental services industry was less pronounced than on many other industries. Despite heavy blows to a great deal of industries, the dental services industry continued to grow nicely, at an average rate of 5.6% over the course of 2019.

According to dental experts, the reason for the growth of the industry during the pandemic might be related to patients' greater focus on oral hygiene. There has also been a growing consciousness among people regarding their appearance therefore even though the industry saw some lows at some point of time or the other, it quickly recovered from such shocks.

Competitive Analysis

According to the market research analysis, partnerships and expansion have been the prominent development in dental services market in recent years. 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 are the prominent providers of dental services.

Some of the recent developments of key dental services providers are as follows:

• In October 2021, Aspen Dental Management announced its partnership with SprintRay. According to the partnership terms, SprintRay will provide its 3D printing technology to Aspen Dental facilities across 45 states in the U.S.
• In August 2021, New Zealand-based Abano Healthcare Group entered into a deal to acquire up to 84% of Townsville-based dental roll-up 1300Smiles, giving it an equity value of US $166 Mn.

Similarly, recent developments related to companies offering dental services have been tracked by the team at Fact.MR, which are available in the full report.

Market Segments Covered in Dental services Industry Analysis

• By Service Type :

  • Dental Implants
  • Orthodontics
  • Periodontics
  • Endodontics
  • Cosmetic Dentistry
  • Laser Dentistry
  • Dentures
  • Oral & Maxillofacial Surgery
  • Other Types

• By End-Use :

  • Hospitals
  • Dental Clinics