According to The Insight Partners’ research, the global Dental Market accounted for US$ 30,287.91 million in 2021 and is expected to hit US$ 52,105.14 million by 2028 to rise at an annual growth rate of 8.1% from 2021 to 2028. Rising prevalence of dental problems, technological development in surgical instruments used in dentistry, and increasing demand for dental cosmetic procedures are the critical factors fueling the market expansion.
The cases of dental and oral conditions such as tooth canal, infection, dry mouth, tooth loss, cavities, and dental trauma are increasing worldwide. According to the WHO, over 3.5 billion people were affected by oral disorders in 2020. Apart from caries and periodontal diseases, malocclusion is also a frequently occurring oral cavity issue, described as a tooth irregularity of the dental arches.
The demand for dental cosmetic procedures has been surging across the world due to consciousness about appearance and aesthetics. Besides, the growing elderly population, rising expenditure out-of-pocket, and awareness about oral hygiene are also among the primary stimulators of the market. Hungary has emerged as the top European destination for dental procedures, with over 7,000 visitors every year. A root canal treatment in the US starts from US$ 550, while in Hungary, it costs US$ 69 only.
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On the other hand, limited reimbursements hurdle the growth of global dental market.
According to type, the market is segmented into dental restorative, dental orthodontics, dental consumables, and other specialties. The dental consumables segment occupied 38.12% market share in 2021 with a revenue total of US$ 11,547.08 million. It is projected to be worth US$ 19,493.53 million by 2028 to grow at 7.8% CAGR during 2021–2028.
Key players dominating the global dental market are Dentsply Sirona; Danaher; Align Technology, Inc; Ivoclar Vivadent AG; 3M; Carestream Dental LLC; Zimmer Biomet; Ultradent Products Inc; Planmeca OY; and Shofu Global, among others.
- In June 2021, Dentsply Sirona acquired almost all the assets of Propel Orthodontics in a cash deal of US$ 131 million. The asset acquisition includes VPro device and Fastrack Mobile App, which is expected to strengthen the company’s fast-growing clear aligner market. In September 2021, the company introduced a comprehensive restage of its implants business, including 3 signature workflows to provide dental professionals with an all-new way of practicing implantology.
- In December 2020, Ultradent released its new Uveneer extra restorative template system to provide more natural restorations with four new upper anterior designs- large, extra-large, medium, and square templates.
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